Professional
Added to YB: 2024-05-09
Pitch date: 2024-05-07
PRX.AS [bullish]
Prosus N.V.
+32.8%
current return
Author Info
No bio for this author
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Company Info
Prosus N.V. engages in the e-commerce and internet businesses in Asia, Europe, Latin America, North America, and internationally.
Market Cap
EUR 127.7B
Pitch Price
EUR 33.00
Price Target
N/A
Dividend
0.43%
EV/EBITDA
18.01
P/E
7.12
EV/Sales
18.07
Sector
Broadline Retail
Category
special_situation
Show full summary:
SaltLight Worldwide Flexible Fund New Portfolio Holding: Prosus N.V.
Prosus (PRX.AS) owns $100B+ stakes; trading at $75B mkt cap. Tencent alone worth $88B (130% of mkt cap). Naspers committing $15B to buybacks, Prosus may follow. Thesis relies on huge discount to NAV, not China macro. 'Self-healing' & low valuation should drive returns.
Read full article (1 min)