Naspers' Operational Improvements Continue

Market Is Ignoring Naspers' Investment Track Record. Discount to Underlying Value Is Unjustified

Naspers Continues to Execute Well on Its Non-Tencent Investments.

Naspers: Creating Value in Online Travel in India with MakeMyTrip Deal.

Naspers Sale of the Allegro ECommerce Business Crystallizes Value.

Naspers: Latest Results Show Good Revenue Traction but It Comes with a Cost.

Differentiated global TMT & Internet Research

New Street Research Insights

New Street Research

Research is provided by our team of experienced analysts. Our work is idea driven, based on independence of thought, sector expertise, and firmly focused on fundamentals and valuation of telecoms and internet names globally. New Street is headquartered in London with offices in New York, Singapore and Australia. 

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
US Healthcare
Japanese Healthcare

We also provide debt research on:
Pan European Telecom Services and Cable

Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/21085" target="_blank" data-smartkarma-citation="entities:21085:1">Naspers' (NPN SJ)</a> 1H17 results show continued traction on the top-line with revenues (adjusted for M&amp;A and FX changes) continuing to accelerate, albeit slightly below our expectations. </p><p>Profitability is a key issue for investors and, as expected, the African PayTV business remains under pressure. Sub-Saharan Africa, in particular, has struggled, while in South Africa trends have stabilized. Encouragingly, the e-commerce business segment saw better profitability despite continued investment in new…</p>

Naspers' (NPN SJ) 1H17 results show continued traction on the top-line with revenues (adjusted for M&amp;A and FX changes) continuing to accelerate, albeit slightly below our expectations. Profitability is a key issue for investors and, as expected, the African PayTV business remains under pressure. Sub-Saharan Africa, in particular, has struggled, while in South Africa trends have stabilized. Encouragingly, the e-commerce business segment saw better profitability despite continued investment in new…

Naspers 1H17 Result Shows Encouraging Underlying Trends