bullish

Prosus NV

NPN X PRX FY24 Results: Initial Market Reaction Positive & JSE June Auction Analytics

DMA has highlighted this Insight as a Top Pick
515 Views25 Jun 2024 16:24
The market reacted positively to the results release, both discounts narrowed. However, since the appointment of Bloisi was announced, both discounts have widened.
What is covered in the Full Insight:
  • Introduction
  • Naspers and Prosus FY24 Results
  • Market Reaction
  • JSE Auction Analytics
  • Conclusion
Boomeranged on Fri, 28 Jun 2024 16:28
Recap of how the market reacted to FY24 results ahead of next week. The discounts are still well off their February lows (PRX 30%, NPN 35%). Both counters are trading below the value of the Tencent stake, sustained profitability of the consolidated ecommerce businesses should drive a re-rating overtime.
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
  • Unlock research summaries
  • Follow top, independent analysts
  • Receive personalised alerts
  • Access Analytics, Events and more

Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.

Upgrade later to our paid plans for full-access.

or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 3-minute read)
Discussions
(Paid Plans Only)
chart-bar
Logo
Rising
DMA
Technology-First Company
South AfricaEquitiesEvent-DrivenQuantitative Analysis
Price Chart(Sign Up to Access)
analytics-chart
x