1. Prosus offers a low-risk entry to China's internet growth via Tencent, trading at a near 40% discount to NAV. 2. An ongoing buyback program is funded with proceeds from selling Tencent shares, which will continue to boost NAV per share for Prosus investors. 3. The stock is initiated with a buy rating based on a narrower NAV gap and potential upside in Tencent.
Related Articles
- Alphabet: The Bear Case Loses Steam6 months ago
- Palantir Should Be Breaking New Highs6 months ago
- Celestica: Valuation Is Too Attractive To Ignore6 months ago
- Enbridge: Get In Now To Enjoy A Multi-Year Bull Run6 months ago
- Alphabet: 2 Reasons To Buy The Dip In This Incredible Long-Term Compounder (Rating Upgrade)7 months ago
- Microsoft: 5 Reasons Why The Stock Is Now A Strong Buy8 months ago
- Dividend Champion, Contender, And Challenger Highlights: Week Of February 168 months ago
- Alphabet Q4: Mixed Results And A Buying Opportunity8 months ago
- Zuckerberg Is Betting Big On AI, But Meta's Stock Price Is High8 months ago
- Berkshire Hathaway: Tough Comparison Ahead9 months ago