|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||0.00 - 0.00|
|Beta (5Y monthly)||0.34|
|PE ratio (TTM)||0.11|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
While international stocks have been quite tumultuous this year, the story of South African investment company Naspers (OTC: NPSNY) and its associated investee, Prosus (OTC: PROSY), keeps getting better. While investors in this conglomerate have had a difficult few years, both Naspers and Prosus have greatly outperformed both the KraneShares CSI Chinese Internet ETF (NYSEMKT: KWEB) as well as the Vanguard FTSE Emerging Markets ETF (NYSEMKT: VWO) over the past six months. The largest asset of the combined company is its 27.3% ownership in Chinese internet giant Tencent (OTC: TCEHY), which accounts for about 75% of the portfolio.
(Bloomberg) -- Meituan posted a 28% surge in revenue, affirming resilient demand in China for takeaway from people confined to home during the pandemic.Most Read from BloombergApple to Lose 6 Million iPhone Pros From Tumult at China PlantNext Covid-19 Strain May be More Dangerous, Lab Study ShowsStocks Hit by Fedspeak as China Woes Boost Havens: Markets WrapThere’s a Job-Market Riddle at the Heart of the Next RecessionSales rose to 62.6 billion yuan ($8.7 billion) during the three months ended S
AMSTERDAM (Reuters) -Technology investor Prosus NV said on Wednesday it would launch a cost cutting drive as it seeks to turn a profit in its core businesses within in two years. Tech companies globally are slashing costs, including by laying off staff, as inflation and rising interest rates have eaten into growth projections following the tech boom of the pandemic. Prosus, a subsidiary of South Africa-based Naspers Ltd, has investments spread across online businesses including classifieds, food delivery, payments and educational software.