Does China own Naspers?

Does China own Naspers?

Cape Town-based Naspers is the largest shareholder in Tencent and dominates the country’s stock market. The Johannesburg-listed Naspers acquired 46.5 per cent of Tencent for only $32 million back in 2001, when the Chinese company was just a plucky start-up.

Why is Naspers trading at a discount?

The size of Naspers on the JSE: One of the main reasons touted for the discount being so large has to do with the size of Naspers on the JSE. The company has grown considerably since listing on the JSE in 1994, largely due to its investment in Tencent.

Is Naspers undervalued?

Just by adding up the company’s stake in the largest publicly listed companies in the portfolio, we get a value of $188 billion. Since PROSY currently trades at $130 billion on the Amsterdam Stock Exchange, which is below the value of the three largest holdings, we can conclude the company is undervalued.

Is Naspers a good share to buy?

Naspers share price has been one of the strongest on the bourse. The company has achieved good results from its large international investments, particularly its 34% stake in Chinese company Tencent. This was mainly due to contributions from Tencent and some of its profitable eCommerce businesses.

Why is Prosus selling at a discount?

Long-term, I believe Prosus should be selling at a discount to the net asset value of around 20% instead of the 30% I put down last year. The biggest reason for the discount remains the shareholder structure, as elaborated in this article, and the second biggest reason is the venture capitalist nature of the company.

How much of Tencent does Naspers own?

In 2019, Naspers listed its global internet investment business unit Prosus (including a 31% stake in Tencent) on Euronext Amsterdam….Naspers.

Naspers’ headquarters in Foreshore, Cape Town
Operating income US$3.7 billion (FY 2020)
Total assets US$36.3 billion (FY 2020)
Total equity US$29.93 billion (FY 2020)

Does Prosus or Naspers own Tencent?

Prosus owns a 28.9% stake in Tencent, the Chinese software and gaming behemoth. Both Prosus and Naspers trade at a discounted value to their stake in Tencent, which according to market reports this morning is worth over EUR170bn.

How big is Naspers?

Naspers

Naspers’ headquarters in Foreshore, Cape Town
Revenue US$22.1 billion (FY 2020)
Operating income US$3.7 billion (FY 2020)
Total assets US$36.3 billion (FY 2020)
Total equity US$29.93 billion (FY 2020)

Who owns TikTok?

ByteDance
Beijing-based ByteDance, whose investors include Sequoia China and the Carlyle Group, is the owner of TikTok, a popular app where TikTok says a billion users post or view catchy short videos each month.

What is the current discount to net asset value for Naspers?

Currently, we make it about 56.5 percent, and it has averaged 55.7 percent since mid-August when the exchange became effective.

Should I buy Prosus?

If you are interested in Portfolio of Prosus then its a good buy but you have to keep track of their portfolio in detail. It is a good business but with such a big portfolio you can gain or lose anytime. Nice development which further adds to Tencent discount not priced into Prosus market value!

Is Naspers overvalued?

GuruFocus research has found that growth is closely correlated with the long term stock performance of a company. In summary, the stock of Naspers (OTCPK:NPSNY, 30-year Financials) is estimated to be significantly overvalued. The company’s financial condition is fair and its profitability is fair.

Where can I buy Naspers stock?

Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Naspers’ stock price today? One share of NPSNY stock can currently be purchased for approximately $32.65. How much money does Naspers make?

How did Naspers perform in FY 2021?

Consumer internet company Naspers on Monday (21 June) reported annual results for the year ended March 2021, showing a 44% jump in trading profit to $5.6 billion, with group revenue up 33% to $28.8 billion, led by its burgeoning food segment.

How do I contact Naspers corporate office?

The company can be reached via phone at (721) 406-2121, via email at [email protected], or via fax at 27-21-406-3753. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks.

What does Naspers do?

Naspers is a global internet group and one of the largest technology investors in the world Naspers is listed on the Johannesburg Stock Exchange (JSE: NPN), has an ADR listing on the London Stock Exchange (LSE: NPSN) and has a sizeable investment in Prosus (AEX: PRX and JSE: PRX).