bullish
NPN X PRX FY24 Results: Initial Market Reaction Positive & JSE June Auction Analytics
DMA has highlighted this Insight as a Top Pick
516 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.
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