Sign in with Google
bullish
Prosus: The More Things Change…
Wium has highlighted this Insight as a Top Pick
443 Views30 Jul 2023 21:00
SUMMARY
- Prosus looks to continue to cut its stake in Tencent by 2-3% every year to fund its open-ended share buyback program.
- Evidence would suggest that the buyback is set to continue at a relatively steady pace for the foreseeable future, which should support the discount to NAV going forward.
- The simplification of the shareholding structure, to remove the cross-holding, could sustainably reduce Prosus’ discount to NAV by roughly 10%.
Related Insights
More »Loading
Trending Collections
More »Trending Insights
More »- Santos (STO AU): XRG Consortium's Big Offer; Index Impact
- MV Global Junior Gold Miners Index Rebalance: Stocks at Their Highs
- Pop Mart (9992 HK): Beyond Blind Boxes -Jewellery Debut. Stock Up 200% YTD. Is It Still a Buy?
- MV Australia Equal Weight Index Rebalance: MinRes, Pilbara Deleted as Trade Nears A$300m
- Santos Ltd (STO AU): FIRB Approval For XRG's Tilt Will Be No Pushover
Top Unpaywalled Insights
More »- HK Connect SOUTHBOUND Flows (To 13 June 2025); Volumes Up, TECH Down, HEALTHCARE Bought Big
- [IO Technicals 2025/24] Downward Momentum Lingers
- China A-Share Consumer Staples: An Analysis of the Opportunities Ahead
- Bearishness Persist in Soybeans Despite Rebound Hopes
- Curator's Cut: The Next Labubu, Crypto Equities and Tracking APAC Buybacks
Discussions
(Paid Plans Only)
Price Chart(Sign Up to Access)
- Screening for GEMs: November 202302 Nov 2023
- Screening for GEMs: October 202301 Oct 2023
- Screening for GEMs: September 202302 Sep 2023
- The Prosus/Naspers Ouroboros Spits Out Its Tail (Unwinds Cross-Holding to Go Back to Old Pair)27 Jun 2023
- Prosus: 30% Discount Seems About Right30 Aug 2022
- Prosus: Finally, a Catalyst; Cash Flows, Capital Allocation, Should Limit Drop in Discount to NAV01 Jul 2022
x