Commenting on the guidance provided by the new Prosus CEO, Peter Takaendesa, Head: Equities at Mergence Investment Managers, said on News24 that the Mergence view remains that a combination of sustained profitability improvement in all non-Tencent operations of Prosus, open-ended share buybacks continuation and disciplined capital allocation going forward will be very strong drivers of closing the discount to NAV at both Prosus and Naspers.
Despite some market ‘overexcitement’ about AI, Naspers is bullish about making more bets
The latest Naspers/Prosus financial results show a jump in profitability across the group’s ecommerce portfolio and Tencent growth acceleration. Commenting