에 대한 최신 뉴스 Marubeni (OTC:MARUY) 주식

MARUBENI CORP ADR

Marubeni Corp is a general trading company. It focuses on both trading and business investments in grain fields, natural resource and energy fields, and power generation fields. Investing in farms, power plants, mines, transportation systems, and other distributors allows the company to sell resources to the world market. Marubeni has entered these various markets through multiple avenues. It may either acquire an existing business or develop an entire project internally. The two regions generating the most sales are Japan and the United States. Approximately half of sales derive from Japan, with another third coming from the United States.

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블랙스톤(NYSE:BX)과 같은 거대 사모펀드들은 애완동물 케어부터 부동산에 이르기까지 미국 시장의 모든 것을 삼켜버린 것처럼 보이며 심지어 스포츠 팀 인수까지 노리고 있다. NYC에 본사를 둔 이 투자 관리 회사는 일본 시장이라는 새로운 기회에 주목했다. 어떤 일이 (What Happened): 닛케이 아시아(Nikkei Asia)는 블랙스톤이 2027년까지 일본에 96억 달러를 투자할 계획이라고 보도했다.

거대 사모펀 블랙스톤, 일본 시장에 2027년까지 96억 달러 투자 계획: 보도

Marubeni Corp

Private equity giants such as Blackstone Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) have seemingly gobbled up everything in the United States market, from <a href="https://www.google.com/search?q=rover+blackstone+benzinga&amp;oq=rover+blackstone+benzinga&amp;gs_lcrp=EgZjaHJvbWUyCQgAEEUYORigATIHCAEQIRigATIHCAIQIRigATIHCAMQIRigATIHCAQQIRigAdIBCDI2MjZqMGo5qAIAsAIB&amp;sourceid=chrome&amp;ie=UTF-8">pet care</a> to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37719939/is-it-time-to-buy-the-commercial-real-estate-dip-the-worlds-biggest-private-equity-">real estate</a>, even eying a <a href="https://www.benzinga.com/general/sports/24/05/38710804/nfl-rule-could-open-door-for-big-money-investors-will-your-team-go-up-for-sale">purchase of sports teams</a>. The NYC-based investment management company has eyed a new opportunity: <a href="https://www.benzinga.com/topic/japan">the Japanese market</a>. 
What Happened: Nikkei Asia <a href="https://asia.nikkei.com/Business/Finance/Blackstone-eyes-10bn-in-Japan-deals-amid-buyout-fund-influx">reported</a> that Blackstone is planning to invest $9.6 billion in Japan by 2027.
&#8220;There are a number of factors that have come together that have really accelerated growth in the Japanese economy as well as investment opportunities,&#8221; Blackstone President Jonathan Gray told Nikkei. &#8220;It&#8217;s been the return of inflation to the Japanese economy, the strength in the stock market, the policies under Prime Minister [Fumio] Kishida, which have encouraged individual Japanese to move from savers to investors, which we think is very important, the encouragement of companies to focus on return on equity and to look at selling noncore divisions.&#8221;
The iShares MSCI Japan ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWJ#NYSE">EWJ</a>) is up over 9% in 2024 and the Japanese Yen is as weak against the U.S. Dollar as it has been in several decades.
Why it Matters: Blackstone is not alone in pursuing opportunities in the Japanese market. Investment managers, including Bain Capital and KKR &amp; Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), are increasingly favoring Japan rather than China and India for investment opportunities.
Carlyle Group, which has previously invested in Japan, saw an internal rate of return of 28%, compared with around 8% to 14% for major Carlyle funds with focuses in Europe or Asia, according to Nikkei.
Berkshire Hathaway Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) has made several investments in Japan in recent years. CEO Warren Buffett famously <a href="https://www.nytimes.com/2008/10/17/opinion/17buffett.html">prefers</a> to invest in American companies, but a favorable Japanese interest rate environment led Berkshire to take stakes in the following Japanese conglomerates in 2020:
<ul>
<li>Itochu Corp.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/ITOCY#OTC">ITOCY</a>)</li>
<li>Mitsubishi Corp.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MSBHF#OTC">MSBHF</a>)</li>
<li>Mitsui &amp; Co., Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MITSY#OTC">MITSY</a>)</li>
<li>Sumitomo Corp.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSUMY#OTC">SSUMY</a>)</li>
<li>Marubeni Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MARUY#OTC">MARUY</a>)</li>
</ul>
The late vice-chairman Charlie Munger championed <a href="https://www.benzinga.com/startups/23/11/35539422/charlie-munger-raves-about-warren-buffetts-rare-japanese-investment-opportunity-of-a-century-it-was">Berkshire&#8217;s Japanese investments</a>.
&#8220;It was like having God just opening a chest and just pouring money into it,&#8221; Munger said.
Also Read: <a href="https://www.benzinga.com/markets/equities/24/05/38959529/blackstone-to-grant-equity-to-rank-and-file-employees-at-us-buyouts-report">Blackstone To Grant Equity To Rank-And-File Employees At US Buyouts: Report</a>
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Private Equity Giant Blackstone Targets Japanese Market, Anticipates 'Accelerated Growth': Report

The Nikkei 225, an index representing the shares of the 225 largest publicly traded Japanese companies, crossed the 39,000-point threshold, charting a remarkable U-shaped recovery <a href="https://www.benzinga.com/topic/japan">through monumental economic shifts</a>.
However, renowned investor Warren Buffett might not be as hyped about this particular milestone. 
<img decoding="async" src="https://www.benzinga.com/files/images/story/2024/1708616119_0.png" alt="" />
<h2 class="wp-block-heading">A Different Story, For A Dollar-Based Investor</h2>
In January 1990, the global landscape was revolutionized by Japanese technological innovations (i.e., televisions, cameras, and video game consoles). 
During this era, the Nikkei 225 peaked at 38,950 points. This marked a staggering 500% increase over the previous decade, translating to an annualized return of 20%.
For the next 34 years, the Nikkei navigated through the dot-com bubble burst, the 2008 financial crisis, the economic ascent of China, and a prolonged period of tepid Japanese economic growth accompanied by over a decade of negative interest rates.
Its current performance presents a contrasting narrative for foreign investors converting their returns into their own currencies.
The dollar-yen exchange rate is currently hovering at its highest levels since July 1990, fueled by the contrasting monetary policies of the Federal Reserve and the Bank of Japan (BoJ), as well as the varying economic growth trajectories of the United States and Japan.
In a stark departure from the BoJ&#8217;s approach of maintaining interest rates at zero or even negative levels since the end of 2010, the Federal Reserve has escalated the cost of borrowing to highs not seen in over two decades, with rates ranging between 5.25% and 5.5%.
While the Yen-denominated Nikkei has showcased a robust gain of over 160% in the past decade, this achievement is significantly diminished for dollar-based investors like Buffett who opted for the currency unhedged iShares MSCI Japan Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWJ#NYSE">EWJ</a>). 
For them, the return dwindles to just 46%, primarily eroded by the yen&#8217;s depreciation against the dollar. 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/22095115/image-48-1024x495.png" alt="" class="wp-image-225537" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/22095115/image-48-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/22095115/image-48-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/22095115/image-48-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/22095115/image-48-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/22095115/image-48.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">The Buffett Effect</h2>
Recall last April, when Buffett augmented his investments in Japanese corporations. The Oracle of Omaha set his sights on five major Japanese trading houses: Itochu Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ITOCY#OTC">ITOCY</a>), Mitsubishi Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MSBHF#OTC">MSBHF</a>), Mitsui &amp; Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MITSY#OTC">MITSY</a>), Sumitomo Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMFG#NYSE">SMFG</a>), and Marubeni Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MARUY#OTC">MARUY</a>). 
Those entities are recognized for their diversified business operations and tend to be valued at lower or more reasonable market prices.
The &#8220;Buffett Effect&#8221; arguably catalyzed a wave of renewed enthusiasm and confidence in the Japanese stock market.
After Buffett&#8217;s notable investments in April, the Nikkei index experienced a significant 37% increase. Among the companies Buffett invested in, Mitsubishi was the standout, surpassing the overall performance of the Japanese market.
However, this period also saw the U.S. dollar strengthen dramatically, rising more than 12% against the Japanese yen. This increase in the dollar&#8217;s value had a moderating effect on the actual returns for investors who convert their earnings from Japanese stocks back into dollars. 
Essentially, while the investments in Japanese stocks showed paper gains in yen, the appreciation of the dollar against the yen meant that when these earnings were converted back to dollars, the gains were less impressive than they initially appeared.
Now Read: <a href="https://www.benzinga.com/markets/asia/24/02/37257680/asia-and-europe-markets-gain-gold-advances-and-crude-oil-inches-towards-78-global-market-overview-wh">Asia and Europe Markets Gain, Gold Advances, And Crude Oil Inches Towards $78 &#8211; Global Market Overview While The US Slept</a>
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Japan's Nikkei 225 Hits Record Highs, But Warren Buffett Is Holding The Applause: Here's Why

Since Warren Buffett expressed willingness to raise his exposures to Japanese trading companies on&nbsp;April 10, the Nikkei 225 index, which represents the broad&nbsp;Japanese stock market, registered gains for five straight weeks, increasing by 8%&nbsp;and surging <a href="http://www.benzinga.com/markets/asia/23/04/31742382/buffett-loves-japan-nikkei-stocks-rally-after-berkshire-hathaway-ceo-says-he-raises-bets-in-five-jap" target="_blank">back to November 2021 highs.&nbsp;</a>
In comparison, the S&amp;P 500 index, which is tracked by the SPDR S&amp;P 500 Trust ETF (ARCA: SPY), only gained by 1% over the same time span, thus lagging well behind Japanese equities.&nbsp;
Until Buffett publicly stated his desire to boost his holdings of Japanese stocks, the Nikkei and the S&amp;P 500 had almost&nbsp;equal year-to-date performance, as the chart below shows.&nbsp;
Chart: The Buffett&#39;s Effect | Japanese Stocks&nbsp;Strongly Outperformed U.S. Peers Since Buffett&#39;s Bet In April
<img alt="" src="https://www.benzinga.com/files/u1363475/nikkei225_2023-05-15_18-51-54_3b864.png" style="height:500px; width:100%" />
Why Buffett Loves Japan:&nbsp;Buffett has long had an attraction for the Japanese &quot;sogo sosha,&quot;&nbsp;or trading house companies, which are diversified conglomerates that trade at cheap or discount&nbsp;valuations&nbsp;on the market. Just what Berkshire Hathaway Inc.&#39;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bkr-a#NYSE">BKR-A</a>) CEO&nbsp;needs to hear.&nbsp;
The &quot;Oracle of Omaha&quot;&nbsp;had purchased slightly more than 5% of Japan&#39;s top five trading houses in August 2020:&nbsp;Itochu Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/itocy#OTC">ITOCY</a>), Mitsubishi Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/msbhf#OTC">MSBHF</a>), Mitsui &amp; Co. Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mitsy#OTC">MITSY</a>), Sumitomo ADR&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ssumy#OTC">SSUMY</a>), and Marubeni ADR&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/maruy#OTC">MARUY</a>). Buffett&nbsp;then increased his bets twice in November 2022 and April 2023.&nbsp;
How To Invest In Japanese Equities: There are two major exchange-traded funds (ETFs) that provide investors with exposure to Japanese equities.
The primary distinction between them relates to their currency hedging strategies.
The currency-unhedged iShares MSCI Japan ETF (ARCA: EWJ) tracks a market-cap-weighted index that encompasses around 85% of the investable universe of securities traded in Japan. In this case, a U.S.-based investor would be susceptible to swings in the Japanese yen&#39;s performance versus the dollar.
The WisdomTree Japan Hedged Equity Fund (ARCA: DXJ) invests in Japanese dividend-paying firms while hedging against currency swings. In this situation, a U.S.-based investment would not be exposed to currency risk.
Over the previous three years, DXJ has significantly outperformed EWJ by more than 50% due to&nbsp;a sharp rise in the dollar&#39;s relative value to the yen.
Chart: There Has Been A&nbsp;Notable Performance Gap Between Hedged And Unhedged Japanese Equities
<img alt="" src="https://www.benzinga.com/files/u1363475/ewj_2023-05-15_19-19-51_7a0b5.png" style="height:500px; width:100%" />
Read Also:&nbsp;<a href="https://www.benzinga.com/23/05/32369349/lessons-from-berkshire-warren-buffett-2023-shareholders-meeting-do-what-you-are-good-at-remove-toxic" target="_blank">Lessons From Berkshire Warren Buffett 2023 Shareholder&#39;s Meeting: Do What You Are Good At, Remove Toxic People And Be Kind</a>
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Japanese Stocks Rallied Five Weeks In A Row After Warren Buffett's Bet, Outperforming A Nearly Flat S&P 500

Billionaire investor&nbsp;Warren Buffett&nbsp;said in an interview with Nikkei on Tuesday that&nbsp;<a href="https://www.benzinga.com/markets/asia/23/04/31740469/warren-buffett-very-proud-of-japanese-investments-5-tokyo-listed-stocks-berkshire-has-stakes-in" target="_blank">he was proud of his investments in shares of Japanese trading houses.</a>
In his appearance on CNBC&rsquo;s Squawk Box on Wednesday, he elaborated further on the logic behind his Japanese bets.
What Happened:&nbsp;Buffett&rsquo;s agreed that his investment in Japanese stocks reflects his stamp of approval in Japan. This was accurate a couple of years ago too, he said.
&ldquo;I was confounded by the fact that we could buy into these companies and in effect have earnings yield, maybe 14% or something like that, with dividends&hellip;.. that grew 70% during that time and people were investing money at quarter percent or nothing, and then the quarter percent, if they put it out for a year, it wasn&rsquo;t going to grow,&rdquo; the billionaire said.
&ldquo;It&#39;s sure gonna be better than I thought it would be.&quot;
See Also:<a href="https://www.benzinga.com/money/warren-buffetts-forex-strategy" target="_blank">&nbsp;Warren Buffett&#39;s Forex Strategy</a>
Tracing Back Investment History:&nbsp;&nbsp;Buffett told CNBC that the investment in the Japanese trading houses started about four years ago.
&ldquo;I was looking at company after company, as I do every day and I just thought these were big companies. These were companies that I generally understood what they did, somewhat similar to&nbsp;Berkshire Hathaway, Inc.&nbsp;(NYSE:&nbsp;<a href="https://www.benzinga.com/stock/brk-a#NYSE" target="_blank">BRK-A</a>) (NYSE:&nbsp;<a href="https://www.benzinga.com/stock/brk-b#NYSE" target="_blank">BRK-B</a>),&quot; the billionaire investor said.
These stocks were trading at &ldquo;ridiculous&rdquo; prices, compared to the interest rates that prevailed at that time, he said.
Buffett said he, therefore, started buying all five largest trading houses during his 90th birthday (Aug. 30, 2020). The five trading companies Berkshire has stakes in are:
<ul>
<li>Itochu Corp.&nbsp;(OTC:&nbsp;<a href="https://www.benzinga.com/stock/itocy#OTC" target="_blank">ITOCY</a>)</li>
<li>Mitsubishi Corp.&nbsp;(OTC:&nbsp;<a href="https://www.benzinga.com/stock/msbhf#OTC" target="_blank">MSBHF</a>)</li>
<li>Mitsui &amp; Co., Ltd&nbsp;(OTC:&nbsp;<a href="https://www.benzinga.com/stock/mitsy#OTC" target="_blank">MITSY</a>)</li>
<li>Sumitomo Corp.&nbsp;(OTC:&nbsp;<a href="https://www.benzinga.com/stock/ssumy#OTC" target="_blank">SSUMY</a>) and</li>
<li>Marubeni Corp.&nbsp;(OTC:&nbsp;<a href="https://www.benzinga.com/stock/maruy#OTC" target="_blank">MARUY</a>)</li>
</ul>
Berkshire picked up an identical 5% stake in each of these companies and Buffett wrote to the CEOs of the companies at that time that he would never buy more than 9.9% in each without their consent.
Since Berkshire&rsquo;s purchases, the dividends of these companies have, on average, gone up by about 70%, he noted.
The investment guru also said Berkshire now owns 7.4% of each of these companies. He also said during his Japanese visit, he met with each of these companies over the past two days.
Buffett said these stocks are long-term bets. &ldquo;We&#39;ll be in these stocks 10-20 years,&rdquo; he said.
Read Next:&nbsp;<a href="https://www.benzinga.com/trading-ideas/long-ideas/23/03/31505925/did-warren-buffett-miss-tesla-train-at-bargain-200m-valuation-elon-musk-reminds-investme" target="_blank">Did Warren Buffett Miss Tesla Train At Bargain $200M Valuation? Elon Musk Reminds Investment Guru Of Lost Opportunity</a>
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Warren Buffett Reveals 'Confounding' Fact That Made Him Invest In Japan's Top 5 Trading Firms: 'Better Than I Thought'

Shares of the Nikkei 225, the largest equity index in Japan, increased more than 1% after Berkshire Hathaway Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bkr-a#NYSE">BKR-A</a>) CEO Warren Buffett stated in a media interview with Nikkei press that he plans to increase his exposure to <a href="https://www.benzinga.com/markets/asia/23/04/31740469/warren-buffett-very-proud-of-japanese-investments-5-tokyo-listed-stocks-berkshire-has-stakes-in" target="_blank">Japanese trading houses</a>.&nbsp;
After revealing in August 2020&nbsp;it had purchased somewhat more than 5% of Japan&#39;s top five trading houses &mdash;&nbsp;Itochu Corp. (OTC:&nbsp;<a href="https://www.benzinga.com/stock/ITOCY#OTC">ITOCY</a>), Mitsubishi Corp.&nbsp;(OTC:&nbsp;<a href="https://www.benzinga.com/stock/MSBHF#OTC">MSBHF</a>), Mitsui &amp; Co. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mitsy#OTC">MITSY</a>), Sumitomo Corp. (OTC:&nbsp;<a href="https://www.benzinga.com/stock/SSUMY#OTC">SSUMY</a>)&nbsp;and Marubeni Corp. (OTC:&nbsp;<a href="https://www.benzinga.com/stock/MARUY#OTC">MARUY</a>) &mdash; Buffett expanded its interests in Japanese stocks in November.
Sogo sosha, or Japanese trading corporations, are diversified conglomerates that typically trade at low or cheap market valuations.
Buffett&#39;s favorite Japanese equities trade at single-digit future P/E ratios, giving them an appealing value proposition that has likely piqued the interest of the &quot;Oracle of Omaha,&quot; who is now in Japan on a business trip.
<img alt="" src="https://www.benzinga.com/files/u1363475/koyfin_20230411_013801213.png" style="height:500px; width:968px" />
Itochu CEO Masahiro&nbsp;Okafuji told Nikkei that he is &quot;confident&quot;&nbsp;Buffett thinks the Japanese market justifies more investment. The iShares MSCI Japan Index Fund (ARCA: EWJ) is up 4.8% year-to-date.&nbsp;
Market Reactions To Buffett&rsquo;s Interview: Shares of the five Japanese trading houses rallied more than 2% at the close of the market session in Tokyo.
Mitsubishi Corp. (8058) gained 2%, Mitsui &amp; Co. (8031) was up by 2.7%, Itochu Corp. (8001) by 3%, Sumitomo Corp. (8053) by 3.2% and Marubeni Corp. (8002) by 4.6%.
<img alt="" src="https://www.benzinga.com/files/u1363475/8001_2023-04-11_13-21-48_9c642.png" style="height:500px; width:100%" />
Read Also:&nbsp;<a href="https://www.benzinga.com/news/23/04/31731723/5-of-the-craziest-things-warren-buffett-has-spent-his-money-on" target="_blank">5 Of The Craziest Things Warren Buffett Has Spent His Money On</a>&nbsp;
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Buffett Loves Japan: Nikkei Stocks Rally After Berkshire Hathaway CEO Says He Raises Bets in Five Japanese Trading Houses

Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/general/social-media/23/04/31737585/twitter-is-officially-defunct-as-elon-musk-pursues-superapp-goal" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Twitter Inc Is Officially Defunct As Elon Musk Pursues&#39; Superapp&#39; Goal</a>
<ul>
<li>Twitter Inc,&nbsp;the parent company of the namesake social media platform, has ceased to exist, and it has now been merged into&nbsp;X Corp.,&nbsp;court filings show.</li>
<li>&#39;Chief Twit&#39;&nbsp;Elon Musk&nbsp;also appeared to acknowledge the change early on Tuesday by tweeting out &quot;X.&quot;</li>
<li>The development came to light in a court filing of Twitter&#39;s corporate disclosure statement in connection with a lawsuit brought about by right-wing activist Laura Loomer. She is fighting against Twitter banning her account in 2019.&nbsp;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/04/31738895/hyundais-electric-vision-18b-investment-paves-way-for-companys-commitment-to-electric-cars" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Hyundai&#39;s Electric Vision: $18B Investment Paves Way for Company&#39;s Commitment To Electric Cars</a>
<ul>
<li>Hyundai Motor Company&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/hymtf#OTC">HYMTF</a>) plans to invest 24 trillion won ($18.2 billion) by 2030 to boost electrification.</li>
<li>The group, including Hyundai Motor, Kia, and Genesis electric models, expects to expand the annual EV production in Korea to 1.51 million units and global volume to 3.64 million units by 2030.</li>
<li>The investment will be used to upgrade Korea&#39;s EV ecosystem and to promote domestic EV production, R&amp;D, infrastructure, and related industries.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/23/04/31741627/mixed-results-for-moderna-on-vaccine-day-influenza-vaccine-candidate-testing-to-continue-despite-" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Moderna&#39;s Vaccine Day: Influenza Vaccine Candidate Testing To Continue As It Misses&#39; Early Success&#39; Threshold</a>
<ul>
<li>Moderna Inc&#39;s&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/mrna#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">MRNA</a>) first vaccine candidate against influenza is mRNA-1010, which is being developed in adults.</li>
<li>The independent Data and Safety Monitoring Board (DSMB) has completed the first interim efficacy analysis for the second Phase 3 trial (P302) conducted in the Northern Hemisphere to evaluate the safety and non-inferior efficacy compared to a licensed flu vaccine.</li>
<li>The DSMB said mRNA-1010 did not meet the statistical threshold to declare early success.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/large-cap/23/04/31740193/disclosure-violations-cost-goldman-sachs-15m-as-settlement-in-swap-business" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Disclosure Violations Cost Goldman Sachs $15M as Settlement in Swap Business</a>
<ul>
<li>Goldman Sachs Group Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gs#NYSE">GS</a>) agreed to pay $15 million to settle U.S. Commodity Futures Trading Commission (CFTC) charges that it failed to make proper disclosures and communicate fairly to swap customers.</li>
<li>In 2015 and 2016, Goldman opportunistically solicited or agreed to enter into same-day swaps only on days and at times that were financially advantageous to Goldman and disadvantageous to its clients.&nbsp;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/large-cap/23/04/31739764/newmont-raises-bid-for-newcrest-takeover-offers-46-premium-to-feb-3-price-at-19-5b-valuation" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Newmont Raises Bid For Newcrest Takeover, Offers 46% Premium to Feb 3 Price At $19.5B Valuation</a>
<ul>
<li>Newmont Corporation&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nem#NYSE">NEM</a>) submitted a final revised takeover offer to&nbsp;Newcrest Mining Limited&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ncmgy#OTC">NCMGY</a>), bidding a 46% premium to the closing price of Newcrest shares as on Feb 3, 2023.&nbsp;</li>
<li>The latest offer values Newcrest Mining at $19.5 billion, making it the largest-ever M&amp;A deal in the gold-mining industry.</li>
<li>Newcrest is Australia&#39;s largest gold miner, which had rejected the previous offer from Newmont at a $17.5 billion valuation. The company initially proposed the acquisition in February 2023.</li>
</ul>
&nbsp;
CNBC
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/04/31737812/chatgpt-rivalry-gets-bigger-alibaba-plans-to-integrate-chatbot-across-products-at-low-cost" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">ChatGPT Rivalry Gets Bigger: Alibaba Plans to Integrate Chatbot Across Products at Low Cost</a>
<ul>
<li>On Tuesday,&nbsp;Alibaba Group Holding Limited&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baba#NYSE">BABA</a>) cloud computing unit shared plans to launch its&nbsp;ChatGPT&nbsp;counterpart Tongyi Qianwen.</li>
<li>Alibaba Cloud initially proposed to deploy Tongyi Qianwen with Chinese and English language capabilities on Slack counterpart DingTalk, Alibaba&#39;s workplace communication software, and Tmall Genie, a provider of smart home appliances.</li>
</ul>
&nbsp;
Nikkei
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/asia/23/04/31740469/warren-buffett-very-proud-of-japanese-investments-5-tokyo-listed-stocks-berkshire-has-stakes-in" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Warren Buffett &#39;Very Proud&#39; Of Japanese Investments: 5 Tokyo-Listed Stocks Berkshire Has Stakes In</a>
<ul>
<li>Billionaire investor&nbsp;Warren Buffett&nbsp;has set his sights on the far east to put his money to work.</li>
<li>Buffett, who runs the investment holding company&nbsp;Berkshire Hathaway&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/brk-a#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">BRK-A</a>) (NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/brk-b#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">BRK-B</a>), is &quot;very proud&quot; of his investments in Japanese stocks, the billionaire told in an interview with Nikkei.</li>
<li>Berkshire, in Aug. 2020, picked up more than 5% stake in each of Japan&#39;s five trading houses, namely&nbsp;Itochu Corp&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/itocy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">ITOCY</a>),&nbsp;Mitsubishi Corp&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/msbhf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">MSBHF</a>),&nbsp;Mitsui &amp; Co., Ltd&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/mitsy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">MITSY</a>),&nbsp;Sumitomo Corp&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ssumy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SSUMY</a>), and&nbsp;Marubeni Corp.&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/maruy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">MARUY</a>).</li>
</ul>
&nbsp;
Reuters
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/04/31738877/amc-britain-rival-cineworld-files-restructuring-plan-in-bankruptcy-court-shareholders-to-be-wiped-ou" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">AMC Britain Rival Cineworld Files Restructuring Plan in Bankruptcy Court, Shareholders to be Wiped Out</a>
<ul>
<li>On Tuesday,&nbsp;Cineworld Group PLC&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/cnnwq#OTC">CNNWQ</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/cnwgq#OTC">CNWGQ</a>) said it had filed a reorganization plan in a Texas bankruptcy court to dissolve existing shareholdings effectively.</li>
<li>The filing formalizes the cinema chain operator&#39;s Apr 3 deal that includes plans to cut debt by about $4.53 billion and raise $2.26 billion to emerge from bankruptcy.</li>
<li>Cineworld, which expects to emerge from Chapter 11 in the first half of 2023, said any transaction resulting from the marketing process might delay emergence beyond that point.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/04/31738440/boeing-aims-to-reach-pre-crisis-737-max-production-rates-in-2025-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Boeing Aims To Reach Pre-Crisis 737 MAX Production Rates In 2025</a>
<ul>
<li>Boeing Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>) expects its 737 MAX jet to return to its 2019 production rate of 52 per month in 2025.</li>
<li>The aircraft maker&#39;s bestselling jet demand nosedived following two deadly crashes and the COVID-19 pandemic.</li>
<li>Boeing currently builds 31 737 MAX jets per month. The company aims to increase monthly MAX production to 38 in June, 42 by January 2024, and 47 by June 2024.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/23/04/31739346/drugmakers-stand-up-for-reproductive-rights-pfizer-and-biogen-among-300-condemning-abortion-pill-" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Drugmakers Stand Up for Reproductive Rights: Pfizer and Biogen Among 300 Condemning Abortion Pill Approval Suspension</a>
<ul>
<li>Last week Friday, a U.S. judge suspended the FDA&#39;s approval of mifepristone, effectively banning sales. Executives from over 300 companies, including&nbsp;Pfizer Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pfe#NYSE">PFE</a>) and&nbsp;Biogen Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/biib#NASDAQ">BIIB</a>), signed an open letter calling to reverse a federal judge&#39;s decision.</li>
<li>The abortion pill has been available since 2000. The letter&#39;s authors wrote that the ruling ignores scientific evidence and legal precedent.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/04/31739074/clear-skies-ahead-chinese-airlines-resume-boeing-737-max-operations-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Clear Skies Ahead: Chinese Airlines Resume Boeing 737 MAX Operations</a>
<ul>
<li>Boeing&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>) reportedly disclosed that 11 Chinese airlines had resumed 737 MAX operations as of Apr 10, a positive indication of its efforts to rebuild its business in the world&#39;s second-largest aviation market.</li>
<li>The number of 737 MAX returning to commercial service reached 43, accounting for approximately 45% of the Chinese 737 MAX fleet.</li>
<li>Boeing didn&#39;t name the airlines, but Hainan Airlines Holding Co Ltd, Fuzhou Airlines, Lucky Air, and Air China have all flown the jets in the months.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/04/31740222/mitsubishi-heavy-industries-pockets-2-8b-missile-contracts-from-japan-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Mitsubishi Heavy Industries Pockets $2.8B Missile Contracts From Japan</a>
<ul>
<li>Mitsubishi Heavy Industries Ltd&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/mhvyf#OTC">MHVYF</a>) has reportedly secured contracts worth $2.84 billion (378 billion yen) from Japan.</li>
<li>Under the contract, Mitsubishi Heavy will develop and build a new missile force to deter China from using military force in East Asia.</li>
<li>The four contracts include land, sea, and air-launched missiles and a hypersonic ballistic warhead that it wants to begin deploying in 2026, the report quoted Japan&#39;s Ministry of Defense.</li>
</ul>
&nbsp;
Bloomberg
<a class="editor-rtfLink" href="https://www.benzinga.com/government/23/04/31738465/antitrust-penalty-south-korea-hits-google-with-32m-fine-for-anti-competitive-mobile-app-behavior" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Antitrust Penalty: South Korea Hits Google with $32M Fine for Anti-Competitive Mobile App Behavior</a>
<ul>
<li>South Korea penalized&nbsp;Alphabet Inc&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>)&nbsp;Google&nbsp;42.1 billion won ($32 million) for exploiting its influence in the mobile app market to drive away a local rival.</li>
<li>Google tried to block Korean platform rival&nbsp;One Store Co&#39;s&nbsp;growth, Bloomberg cites&nbsp;Korea&#39;s Fair Trade Commission&#39;s&nbsp;statement.</li>
<li>Google has denied offering benefits to developers who put their apps only on Google Play.</li>
</ul>
Photo by Ljupco Smokovski via Shutterstock and Wikimedia Commons

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Twitter Inc Is Officially Defunct, Alibaba Plans to Integrate ChatGPT Like Chatbot Across Products, Moderna's Flu Shot Study Misses 'Early Success' Criteria: Today's Top Stories

Billionaire investor <a href="https://www.benzinga.com/news/23/04/31731723/5-of-the-craziest-things-warren-buffett-has-spent-his-money-on">Warren Buffett </a>has set his sights on the far east to put his money to work.
What Happened: &nbsp;Buffett, who runs the investment holding company, Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>), is "very proud" of his investments in Japanese stocks, the billionaire <a href="https://asia.nikkei.com/Editor-s-Picks/Interview/Warren-Buffett-says-he-intends-to-add-to-Japanese-stock-holdings2">told</a> in an interview with Nikkei.
Berkshire in Aug. 2020 picked up more than 5% stake in each of Japan's five trading houses, namely Itochu Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ITOCY#OTC">ITOCY</a>), Mitsubishi Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MSBHF#OTC">MSBHF</a>), Mitsui &amp; Co., Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MITSY#OTC">MITSY</a>), Sumitomo Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSUMY#OTC">SSUMY</a>) and Marubeni Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MARUY#OTC">MARUY</a>), the report said.
He then went on to augment the stakes in Nov. 2022, it added.
The "Oracle of Omaha" reportedly said he would meet with these companies this week to have a discussion about their businesses and emphasize his support.
See Also: <a href="https://www.benzinga.com/money/how-to-invest-in-startups">How To Invest In Startups</a>
Why It's Important: Buffett is a proponent of value investment – a strategy of picking up businesses at a discount to their intrinsic value. Berkshire's top holdings include Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), among others. The company has recently been <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/03/31523799/how-much-1-000-invested-in-occidental-when-warren-buffett-bought-the-stock-at-onset-of-r">building a position in the upstream oil and gas company Occidental Petroleum Corp </a>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>).
Buffett's Berkshire has also invested in other Asian companies such as BYD Company Limited (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>).
Read Next: <a href="https://www.benzinga.com/news/23/02/31060887/warren-buffett-says-in-58-years-of-managing-berkshire-his-decisions-no-better-than-so-so-heres-his-s">Warren Buffett Says In 58 Years Of Managing Berkshire His Decisions &#8216;No Better Than So-So&#8217;: Here&#8217;s His &#8216;Secret Sauce&#8217;</a>

AAPL

BYDDY

Warren Buffett 'Very Proud' Of Japanese Investments: 5 Tokyo-Listed Stocks Berkshire Has Stakes In

Warren Buffett-led&nbsp;Berkshire Hathaway Inc&nbsp;(NYSE:&nbsp;BRK-A) (NYSE:&nbsp;BRK-B) has raised its stakes in Japan&#39;s five biggest trading houses, regulatory filings showed.
The move is in line with Berkshire&#39;s statement in 2020 that its investments in the Japanese trading houses were for the long term and the stakes could rise to 9.9%.
Berkshire&#39;s stakes have increased to 6.59% from 5.04% in&nbsp;Mitsubishi Corp, to 6.62% from 5.03% in&nbsp;Mitsui &amp; Co Ltd&nbsp;(OTC: MITST), to 6.21% from 5.02% in&nbsp;Itochu Corp&nbsp;(OTC:&nbsp;ITOCF) (OTC:&nbsp;ITOCY), to 6.75% from 5.06% in&nbsp;Marubeni Corp&nbsp;(OTC:&nbsp;MARUY) (OTC:&nbsp;MARUF), and to 6.57% from 5.04% in&nbsp;Sumitomo Corp.
Takashi Hiroki, the chief strategist at Monex,&nbsp;said&nbsp;he was not surprised that Berkshire had bought more shares, Reuters reported.
&quot;Trading companies&#39; high stock prices are associated with high commodities prices, but there&#39;s much more to their businesses than that,&quot; he said. &quot;Their earnings are good, and shareholder returns are strong.&quot;
Berkshire&#39;s increased investments in the trading houses come after it bought more than $4.1 billion of stock in&nbsp;Taiwan Semiconductor Mfg. Co. Ltd&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tsm#NYSE">TSM</a>), a significant foray into the technology sector by the conglomerate.
Photo via Wikimedia Commons

Hedge Funds

ITOCF

MARUF

Warren Buffett's Berkshire Boosts Stake In Five Japanese Trading Houses

Photo by Khamkeo Vilaysin on <a href="https://unsplash.com/@mahkeo">Unsplash</a>
The following post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga.
Many people want to see increasing numbers of electric vehicles on the roads of the future. Reduced consumption of fossil fuels and fewer emissions would be clear benefits of such an approach.
The trouble is that, even with electric vehicles gaining in popularity, many gasoline and diesel-powered cars and trucks will remain, continuing to emit pollutants. There likely will be more petroleum-based vehicles on roads in the future than there are now &mdash; <a href="https://www.fuelfreedom.org/cars-in-2050/">at least 1.5 billion</a> by 2050 compared with 1 billion total vehicles currently.
That begs the question of how to more efficiently reduce the more harmful side effects of gasoline and diesel fuel given that they will still be around for many years to come?
Nanotechnology may be one possible answer.
<h2>Fuel Additives on a Much Smaller Scale?</h2>
Current fuel additives, which are designed to reduce some of the more harmful effects of both fuels, generally require relatively large volumes of such additives to work.
Startup FuelGems says its fuel additive uses between 800 and 20,000 times less material than current rival products to create such beneficial effects. A microdose of just 1 to 5 grams of its active advanced material can treat approximately 260 gallons of fuel, the company claims, all the while increasing fuel consumption and lowering emissions &mdash; some by as much as almost 50%.
The company has initiated discussions and is in pilot and pre-pilot stages for its additive technology with some big energy players including BP plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bp#NYSE">BP</a>), Japan-based Marubeni Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/maruy#OTC">MARUY</a>), and Suncor Energy Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/su#NYSE">SU</a>).
The need for efficient fuel additives becomes even more important when considering that most of the electricity produced for electric vehicles still comes from polluting energy sources such as natural gas and coal, FuelGems says. To completely replace such energy sources with cleaner alternatives such as solar and wind remains some way off, requiring the need for gasoline and diesel that&rsquo;s as clean as possible in the interim.
<h2>Investment and Future Plans for Expansion</h2>
FuelGems, backed by Austin, Texas-based venture capital fund Sputnik ATX, also completed a crowdfunding campaign in 2020. It is continuing to accept individual investments. FuelGems is hoping to continue to expand into gas stations and refineries with its additive technology, since the nanoparticles can be added at a refinery level very easily and cost effectively. With 700 refineries, if the company has even 20% of them, this additive has the potential to treat a massive amount of fuel very quickly.
There are 220,000 such gas stations in the U.S. and Europe while there are 220 refineries in the US and Europe, and 700 worldwide, according to FuelGems. FuelGems is currently in a pilot and pre-pilot stage with 2 separate gas station companies and oil and gas companies that operate approximately 15 refineries.
The preceding post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

Emerging Markets

Startups

More Efficient Fuel Additives Still Much Needed

Warren Buffett-led Berkshire Hathaway Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/brk-a#NYSE">BRK-A</a>) (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/brk-b#NYSE">BRK-B</a>) late Sunday announced it has purchased passive stakes in five of the largest Japanese trading companies.
What Happened: The trading companies, referred to as &ldquo;Sogo Shosha&rdquo; in Japan, include Itochu Corporation (OTC: <a class="ticker" href="https://www.benzinga.com/stock/itocy#OTC">ITOCY</a>), Marubeni Corporation (OTC: <a class="ticker" href="https://www.benzinga.com/stock/maruy#OTC">MARUY</a>), Mitsubishi Corporation (OTC: <a class="ticker" href="https://www.benzinga.com/stock/msbhy#OTC">MSBHY</a>), Mitsui &amp; Co. Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mitsy#OTC">MITSY</a>), and Sumitomo Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ssumf#OTC">SSUMF</a>).
Berkshire said it has acquired a 5% stake in each of the five companies. The Omaha-based company pledged that, while it intended to hold these investments long term, it wouldn&rsquo;t have ownership above 9.99% in any of the Sogo Shosha at any point in the future.
&ldquo;The five major trading companies have many joint ventures throughout the world and are likely to have more of these partnerships,&rdquo;&nbsp;Buffett said in a statement.
&ldquo;I hope that in the future there may be opportunities of mutual benefit.&rdquo;
Why It Matters: According to data compiled by <a href="">Bloomberg</a>, the investments, made through subsidiary National Indemnity, are worth above $6 billion.
This also marks a rare push away from the United States companies for Buffett, who famously <a href="">said</a> that &ldquo;never bet against America,&rdquo; as earlier <a href="">noted</a> by analyst Quoth the Raven.
Buffett <a href="">turned 90 years old</a> on Sunday, and counts Apple Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) and Bank of America Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bac#NYSE">BAC</a>) as <a href="">some of his biggest</a> holdings.
Price Action: Berkshire Class A shares closed 0.5% higher at $327,431 on Friday, and Class B shares closed 0.77% higher at $218.55.
Photo courtesy: freeimage4life via Flickr

BRK.A

MSBHY

SSUMF

Warren Buffett's Berkshire Buys 5% Stake Each In Japan's 5 Largest 'Sogo Shosha'

Marubeni Corp (OTC: <a class="ticker" href="/stock/maruy#OTC">MARUY</a>) announced its plans to buy Gavilon Group LLC for $3.6 billion. 

The deal is likely to complete by September.

Marubeni To Acquire Gavilon For $3.6B

Marubeni Corp (OTC: <a class="ticker" href="/stock/maruy#OTC">MARUY</a>) reported results for the fiscal third quarter ended December 31. 

Marubeni posted a quarterly net profit of Y38.2 billion, versus Y38.3 billion, in the year-ago period. Its revenue rose to Y2.502 trillion from Y2.187 trillion.

Marubeni shares closed at $70.00 yesterday.

Earnings

Marubeni Posts Rise In FQ3 Revenue

Marubeni Corp (OTC: MARUY) reached a basic accord to acquire a 49.9% interest in the offshore U.K. wind power project Gunfleet Sand for around GBP200 million, or $324 million.

Marubeni To Acquire 49.9% Stake In UK Wind Power Project

Warren Buffett talks Charlie Munger, earnings, markets, risk in annual letter

Marubeni: Positive Catalysts Ahead, Maintain Buy

Antofagasta secures $2.5B financing for Centinela mine expansion project

Marubeni: Even Minerals Shouldn't Disappoint

Polaris International Equity Composite Q1 2024 Commentary

Marubeni reports FY results

Buffett praises bet in Japanese trading houses, says Berkshire will be 'American-oriented'

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Legendary investor Warren Buffett may be well-known for practicing Ben Graham-style value investing but not all of Berkshire Hathaway&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/brk-a-stock-quote/">BRK-A</a>, NYSE:<a href="https://investorplace.com/stock-quotes/brk-b-stock-quote/">BRK-B</a>) equity portfolio is invested in undervalued Warren Buffett stocks.



With the Oracle of Omaha pivoting towards owning wonderful businesses at fair prices, many top Buffett holdings are arguably trading at fair prices. In some cases, maybe even at inflated prices.



However, plenty of names in the Buffett portfolio meet the criteria for being value or even deep-value stocks. Some are large, well-known components of the portfolio. Others are obscure names that have nonetheless delivered strong returns.



So, among the undervalued Warren Buffett stocks, which are the top ones to buy this month? Consider the following seven. Each one trades at a low valuation, has the Buffett seal of approval and has the potential to generate strong returns for your portfolio.



<h2>BYD (BYDDY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/02/byd-stock-red-car-1600-300x169.jpg" alt="Close-up of BYD (BYDDY) logo on red car, symbolizing BYDDY stock"><div>Source: shutterstock.com/Trygve Finkelsen</div></div>&ldquo;Value stock&rdquo; may not be the best descriptor for BYD (OTCMKTS:<a href="https://investorplace.com/stock-quotes/byddy-stock-quote/">BYDDY</a>). &ldquo;Growth at an extremely reasonable price&rdquo; may be more accurate. Shares in the China-based electric vehicle and battery company trade at what is a low valuation for an EV stock.



BYDDF stock currently trades for 20 times forward earnings. That&rsquo;s considerably less than Tesla&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>) forward valuation of nearly 70 times earnings. Not only that, <a href="https://www.investors.com/news/tesla-vs-byd-ev-sales-robotaxis/">BYD has been beating Tesla</a> in both vehicle deliveries and its ability to maintain margins despite the &ldquo;price war&rdquo; in the Chinese EV market.



Although Buffett got into BYD early and has been <a href="https://markets.businessinsider.com/news/stocks/byd-stock-sales-warren-buffett-berkshire-hathaway-china-ev-munger-2023-11">trimming Berkshire&rsquo;s stake over the past year,</a> now may be an opportune time to buy. As EV demand headwinds ease and BYD gears up for further international expansion, big gains may be in the cards for shares.



<h2>Citigroup (C)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/10/citigroup-c-stock-300x169.jpg" alt="A Citibank (C) sign hangs on a Citibank office in Hong Kong. Citigroup layoffs"><div>Source: TungCheung / Shutterstock.com</div></div>Citigroup (NYSE:<a href="https://investorplace.com/stock-quotes/c-stock-quote/">C</a>), which Buffett made a <a href="https://www.ft.com/content/9fabaf03-480c-4299-846a-83293f0caeec">$3 billion</a> bet on in 2022, is one of the undervalued Warren Buffett stocks. That&rsquo;s not simply because shares of the money center bank trade at a low price-to-earnings (P/E) ratio. In fact, some would argue that Citi, at 10.7 times forward earnings, trades at a fair valuation.



After all, many similar names to C stock trade at similar valuations. However, other factors point to shares being a deep value play. For instance, Citigroup trades at around a 37% discount compared to its book value. In addition, a potential catalyst could provide a dramatic boost to shares.



As Seeking Alpha commentator IP Banking Research argued last month, Citigroup&rsquo;s turnaround efforts may soon result in the bank <a href="https://seekingalpha.com/article/4687159-citigroup-stock-catalyst-trigger-melt-up">reporting much stronger returns on tangible equity.</a> Per the commentator, that may result in C surging from the $60s to well above $100 per share.



<h2>HP (HPQ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/hpq-stock-300x169.jpg" alt="Image of the HP logo on a mesh computer case"><div>Source: Tomasz Wozniak / Shutterstock.com</div></div>Trading for only 8.1 times forward earnings, HP (NYSE:<a href="https://investorplace.com/stock-quotes/hpq-stock-quote/">HPQ</a>) is clearly another of the <a href="https://investorplace.com/stock-types/undervalued-stocks/">undervalued stocks</a> in the Berkshire Hathaway equity portfolio. However, &ldquo;value trap&rdquo; may be the best description to slap on this position.



Since Berkshire bought HPQ stock two years ago, shares in the PC and printer company have delivered a middling price performance. Buffett has <a href="https://www.barrons.com/articles/berkshire-buffet-hp-stock-e8eb18a1">trimmed the size of this position considerably.</a> At one point, Berkshire held over 100 million shares, but now its stake consists of <a href="https://whalewisdom.com/filer/berkshire-hathaway-inc">22.8 million shares</a> worth approximately $687 million.



Value trap status notwithstanding, there now may be a reason for the legendary investor to maintain the rest of his position. David Einhorn&rsquo;s Greenlight Capital <a href="https://seekingalpha.com/news/4093234-hp-inc-gains-as-greenlights-einhorn-takes-stake">has taken a position in HPQ.</a> Einhorn has also been pointing out HP&rsquo;s potential to profit from the generative AI trend. The emergence of a new bull case could help drive renewed bullishness for the stock.



<h2>Kraft Heinz (KHC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/khc-stock-300x169.jpg" alt="A photo of both the Kraft and Heinz logo"><div>Source: Eyesonmilan/Shutterstock.com</div></div>Trading for only 11.7 times forward earnings, Kraft Heinz (NASDAQ:<a href="https://investorplace.com/stock-quotes/khc-stock-quote/">KHC</a>) is clearly another of the undervalued Warren Buffett stocks. The food products company trades at a discount to comparable names, most of which sport mid-teens forward earnings multiples.



Berkshire&rsquo;s KHC stock position stems from the holding company&rsquo;s <a href="https://www.investopedia.com/news/history-behind-kraft-heinz-co/">co-purchase of H.J. Heinz with 3G Capital in 2013.</a> Two years later, Heinz merged with Kraft, and Berkshire rolled over its Heinz investment into a large minority stake in KHC. That position has been a poor performer. Buffett himself even <a href="https://www.reuters.com/article/idUSKCN1QE1EV/">conceded that it was a bad deal.</a>



However, it may be a potential buy for new investors. Besides sporting a low multiple, KHC also has a 4.47% forward dividend yield. Kraft Heinz has also been <a href="https://qz.com/kraft-heinz-earnings-inflation-sales-hershey-pepsico-1851255608">squeezed by inflation.</a> If inflation finally begins to ease, it could spark a rebound for the stock.



<h2>Marubeni (MARUY)</h2>



<div><img width="300" height="181" src="https://investorplace.com/wp-content/uploads/2018/07/japanmsn-300x181.jpg" alt=""><div>Source: Shutterstock</div></div>In recent years, Warren Buffett has been betting big on Japan. He&rsquo;s been doing this by <a href="https://www.barrons.com/articles/warren-buffett-berkshire-hathaway-japan-sumitomo-davos-9d9310a3">building positions in several</a> of Japan&rsquo;s general trading companies. These have included not only familiar names like Mitsui &amp; Co. (OTCMKTS:<a href="https://investorplace.com/stock-quotes/mitsy-stock-quote/">MITSY</a>), but lesser-known general trading companies like Marubeni (OTCMKTS:<a href="https://investorplace.com/stock-quotes/maruy-stock-quote/">MARUY</a>).



Berkshire is sitting on big gains from these general trading investments. However, while some of them have become far pricier since the emergence of Buffett as an investor, MARUY stock remains inexpensive, even after strong results and the &ldquo;Buffett lift.&rdquo; Those factors sent it from under $100 to nearly $200 per share since late 2022.



Trading for only 10.4 times earnings, even as issues like a <a href="https://www.bloomberg.com/news/articles/2024-05-02/japan-trading-houses-say-weak-yen-hurts-efforts-to-expand-abroad">depreciating yen</a> are affecting its foreign diversification efforts for now, consider it a buy. As InvestorPlace&rsquo;s Rich Duprey recently pointed out, the <a href="https://investorplace.com/2024/04/the-3-best-warren-buffett-stocks-to-buy-in-april-2024/">shareholder-friendly management</a> of firms like Marubeni may make MARUY a solid long-term investment opportunity.



<h2>Sirius XM Holdings (SIRI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/siri1600-300x169.png" alt="Person holding mobile phone with logo of US broadcasting company Sirius XM Holdings Inc. (SIRI) on screen in front of web page. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>Sirius XM Holdings (NASDAQ: <a href="https://investorplace.com/stock-quotes/siri-stock-quote/">SIRI</a>) is not only one of the undervalued Warren Buffett stocks but a potential event-driven opportunity. SIRI trades at a low 10 times forward earnings.



Concerns about the company&rsquo;s prospects in light of audio streaming &ldquo;disruptors&rdquo; play a role. However, another factor has been the heavy shorting of SIRI stock. As TheStreet&rsquo;s Bernard Zambonin discussed back in February, that is due to <a href="https://www.thestreet.com/memestocks/others/this-stock-is-heavily-shorted-so-why-is-warren-buffetts-berkshire-hathaway-snapping-up-shares-">arbitrageurs shorting SIRI,</a> and going long on Sirius XM&rsquo;s pending merger partner, The Liberty SiriusXM Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/lsxma-stock-quote/">LSXMA</a>).



Once this merger is complete, the trade will be unwound. This may drive a sharp rebound for SIRI shares. In the long term, if Sirius XM can show that companies like Spotify (NYSE:<a href="https://investorplace.com/stock-quotes/spot-stock-quote/">SPOT</a>) will not disrupt it out of business, it will help get shares back on an upward trajectory.



<h2>Sumitomo (SSUMY)</h2>



<div><img width="300" height="150" src="https://investorplace.com/wp-content/uploads/2017/11/japanmsn-300x150.jpg" alt=""><div>Source: Shutterstock</div></div>Sumitomo (OTCMKTS:<a href="https://investorplace.com/stock-quotes/ssumy-stock-quote/">SSUMY</a>) is another of the Japanese general trading companies that Berkshire Hathaway has invested billions into. Like MARUY, SSUMY is cheap at 13 times earnings. However, what may be really appealing about Sumitomo right now is that Buffett is no longer the high-profile American investor betting big on the stock.



Activist investor Paul Singer&rsquo;s Elliott Management has <a href="https://www.reuters.com/markets/deals/activist-investor-elliott-buys-stake-japans-sumitomo-source-says-2024-04-30/">disclosed a stake in Sumitomo.</a> While currently a very small position, worth around $64 million, Elliott may be planning to launch an activist campaign, similar to the one Elliott engaged in with Dai Nippon Printing (OTCMKTS:<a href="https://investorplace.com/stock-quotes/dnply-stock-quote/">DNPLY</a>) last year.



As some may recall, Elliott made rapid headway in <a href="https://www.bloomberg.com/news/articles/2023-02-10/buyback-after-elliott-pressure-drives-record-gain-in-tokyo-stock">pushing Dai Nippon to make shareholder-friendly moves.</a> While it&rsquo;s not certain a similar scenario will play out here, that factor may make SSUMY one of the undervalued Buffett Japan general trading stocks worth buying this month.



On the date of publication, Thomas Niel did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a>
<div>Thomas Niel, contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/the-7-most-undervalued-warren-buffett-stocks-to-buy-in-may/">The 7 Most Undervalued Warren Buffett Stocks to Buy in May 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The 7 Most Undervalued Warren Buffett Stocks to Buy in May 2024

Marubeni Growth Capital US acquires RG Barry Brands

Marubeni: Favorable Outlook For Lifestyle Business And Capital Return

ANFGF

BYDDF

COST

DNPLY

DTGHF

DTRUY

FQVLF

GNCGF

GNCGY

LSXMA

LUNMF

MEOH

MITSF

MNODF

MONDY

NOMD

NXGPF

NXGPY

PGPEF

PUBGY

SIRI

SMFKY

SMFTF

SONY

SPOT

SSNLF

TSLA

WEICF

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RG Barry Brands Acquired by Marubeni Growth Capital US

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Marubeni

블랙스톤(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>)과 같은 거대 사모펀드들은 <a href="https://www.benzinga.com/stock/EWJ#NYSE">애완동물 케어</a>부터 <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37719939/is-it-time-to-buy-the-commercial-real-estate-dip-the-worlds-biggest-private-equity-">부동산</a>에 이르기까지 미국 시장의 모든 것을 삼켜버린 것처럼 보이며 심지어 <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37719939/is-it-time-to-buy-the-commercial-real-estate-dip-the-worlds-biggest-private-equity-">스포츠 팀 인수</a>까지 노리고 있다. NYC에 본사를 둔 이 투자 관리 회사는 <a href="https://www.benzinga.com/topic/japan">일본 시장</a>이라는 새로운 기회에 주목했다.
어떤 일이 (What Happened): 닛케이 아시아(Nikkei Asia)는 블랙스톤이 2027년까지 일본에 96억 달러를 투자할 계획이라고 <a href="https://asia.nikkei.com/Business/Finance/Blackstone-eyes-10bn-in-Japan-deals-amid-buyout-fund-influx">보도</a>했다.
블랙스톤의 조나단 그레이(Jonathan Gray) 사장은 닛케이와의 인터뷰에서 "일본 경제의 성장과 투자 기회를 실제로 가속화한 데에는 여러 가지 요인이 함께 작용했다"고 말했다. "일본 경제의 인플레이션 복귀, 주식 시장의 강세, 기시다 [후미오] 총리의 정책 등으로 인해 일본인 개인이 저축에서 투자자로 전환하게 되었다. 우리는 이것이 매우 중요하다고 생각하는데, 기업들이 자기자본이익률에 집중하고 비핵심 사업부 매각을 고려하도록 장려하는 것이다."
iShares MSCI Japan ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWJ#NYSE">EWJ</a>)는 2024년에 9% 이상 상승했으며 일본 엔화는 지난 수십 년 동안 그랬던 것처럼 미국 달러 대비 약세이다.
왜 중요한가 (Why it Matters): 일본 시장에서 기회를 추구하는 기업은 블랙스톤만이 아니다. 베인 캐피털(Bain Capital)과 KKR &amp; Co Inc(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>)를 포함한 투자 관리자들은 투자 기회로 중국과 인도보다 일본을 점점 더 선호하고 있다.
닛케이에 따르면 이전에 일본에 투자한 칼라일 그룹(Carlyle Group)의 내부 수익률은 28%로 유럽이나 아시아에 초점을 맞춘 주요 칼라일 펀드의 내부 수익률이 약 8~14%인 것과 비교된다.
버크셔 해서웨이(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)는 최근 몇 년간 일본에 여러 차례 투자했다. 워렌 버핏 CEO는 미국 기업들에 투자하는 것을 <a href="https://www.nytimes.com/2008/10/17/opinion/17buffett.html" target="_blank" rel="noopener">선호하는</a> 것으로 유명하지만 일본의 유리한 금리 환경으로 인해 버크셔는 2020년에 다음의 일본 대기업들 지분을 인수하게 되었다:
<ul>
<li>이토츠 (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ITOCY#OTC">ITOCY</a>)</li>
<li>미쓰비시 (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MSBHF#OTC">MSBHF</a>)</li>
<li>미쓰이 (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MITSY#OTC">MITSY</a>)</li>
<li>스미토모 (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSUMY#OTC">SSUMY</a>)</li>
<li>마루베니 (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MARUY#OTC">MARUY</a>)</li>
</ul>
고(故) 찰리 멍거 부회장은 <a href="https://www.benzinga.com/startups/23/11/35539422/charlie-munger-raves-about-warren-buffetts-rare-japanese-investment-opportunity-of-a-century-it-was" target="_blank" rel="noopener">버크셔의 일본 투자</a>를 옹호했다.
멍거는 "신이 상자를 열고 거기에 돈을 쏟아 붓는 것과 같았다"고 말했다.
이미지는 Midjourney를 통해 인공 지능으로 생성되었습니다.

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