|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||65.61 - 66.98|
|52-week range||40.28 - 79.37|
|Beta (5Y monthly)||0.55|
|PE ratio (TTM)||17.65|
|Earnings date||27 Jun 2023|
|Forward dividend & yield||0.14 (0.21%)|
|Ex-dividend date||01 Sept 2022|
|1y target est||93.96|
If you want to compound wealth in the stock market, you can do so by buying an index fund. But investors can boost...
(Bloomberg) -- Prosus NV continued its selloff of Tencent Holdings Ltd., bringing its stake in the Chinese internet giant to under 26%. Most Read from BloombergFDIC Asks Banks for Final First Republic Bids Due SundayTwitter Co-Founder Dorsey Rues Musk Deal: ‘It All Went South’Harley-Davidson Says Repo Shortage Is Fueling Credit LossesA Century-Old Dynasty Overhauls Its Billions in Rare M&A BetSigns Are Mounting That a Debt Crunch is LoomingThe Amsterdam-listed tech investor sold 789,600 ordinary
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(Bloomberg) -- Tencent Holdings Ltd. tumbled by the most in over two months on signs that its largest shareholder Prosus NV may extend the selling of the Chinese tech firm’s stock.Most Read from BloombergFirst Republic Worked Hard to Woo Rich Clients. It Was the Bank’s UndoingBud Light Kicked a Hornet’s Nest and Ran AwayA $300,000 Salary Feels Like $100,000 in The Priciest US CitiesIn Morgan Stanley CEO Race, Wealth Boss Emerges as One to WatchSchwab Leaders Say Firm Can Withstand Storm After De
AMSTERDAM (Reuters) -Technology investor Prosus is considering a sale of its OLX Autos classified advertising business, the company said on Thursday. Prosus said the pursuit of growth in the car advertising business was no longer the right approach because the second-hand car market had been hit by a "significant and persistent slowdown" owing to weakening economic growth and high inflation. "Prosus will explore all options for the OLX Autos business, acknowledging that significant value exists within local markets," the company's statement said.
AMSTERDAM, March 02, 2023--Prosus N.V. (Prosus) (AEX and JSE: PRX): On 2 March 2023, Prosus announced that the core classifieds business of OLX Group continues to deliver a strong performance through the financial year, with sustained growth and improving profitability, and is well-placed for further growth and margin expansion. Most recently, OLX Autos, the adjacent car transaction business has, similar to listed peers, been affected by ongoing macroeconomic and market challenges. Higher cost o
Prosus NV and its South African parent Naspers are cutting up to 30% of jobs at their corporate offices, the Dutch technology investor said. "We are adapting to a changing macro environment and have been working for some time to strengthen our cost structures," a Prosus spokesperson said in a statement on Wednesday. Prosus and Naspers have around 15 corporate offices around the world, with the largest ones in Johannesburg and Amsterdam.
(Bloomberg) -- Amsterdam-listed Prosus NV and its parent Naspers Ltd. are planning to cut their corporate workforce by 30%, becoming the latest global tech company to announce layoffs. Most Read from BloombergWall Street Is Losing Out to Amateur Buyers in the Housing SlumpTrump Sues Journalist Bob Woodward for Releasing Interview RecordingsSony Slashes PlayStation VR2 Headset Output After Pre-Orders DisappointThe 'Big Shift' That's Finally Causing Rents to FallAdani Rout Hits $68 Billion as Figh
In times of distress, purchase quality companies at a value and plan to hold for the ultra-long term.
This year's dramatic sell-off has opened up terrific opportunities in the high-growth but beaten-down tech sector.
While not a mind-blowing move, it is good to see that the Prosus N.V. ( AMS:PRX ) share price has gained 19% in the...
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.
Prosus ( AMS:PRX ) First Half 2023 Results Key Financial Results Revenue: US$3.24b (up 18% from 1H 2022). Net income...
Last week saw the newest half-year earnings release from Prosus N.V. ( AMS:PRX ), an important milestone in the...
AMSTERDAM, November 23, 2022--Prosus N.V. (AEX: PRX) has announced a solid set of results for the first half of the year. Despite a turbulent period during which industry growth expectations and valuations came under significant pressure, we have increased ecommerce revenues and continued organic investment into those segments where we see the highest growth potential. This investment is focused on building and extending our offering within core products to meet local market needs, notably withi
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.
Insiders who bought US$10m worth of Prosus N.V. ( AMS:PRX ) stock in the last year recovered part of their losses as...
AMSTERDAM, November 01, 2022--Prosus N.V. (Prosus) (AEX and JSE: PRX): Shareholders are referred to article published on 31 October 2022 by Asian Tech Press. The article claims that a CITIC-led group (a Chinese state-owned investment company) is in talks with Naspers to buy all the Tencent shares owned by the Group.
AMSTERDAM (Reuters) -Technology investment firm Prosus NV and its South African parent Naspers on Tuesday rejected as "untrue" a report that they are in talks to sell their large stake in Chinese software and gaming giant Tencent. In a pre-market statement, Amsterdam-based Prosus said an article in Asian Tech Press citing unnamed sources saying that Naspers was in talks with a group of investors led by state-backed CITIC of China to sell its entire Tencent stake was "speculative and untrue". Prosus holds a 28% stake in Tencent worth $70 billion at current prices.
AMSTERDAM, October 14, 2022--Prosus N.V. (Prosus) (AEX and JSE: PRX): Shareholders are referred to the public statements made by Naspers Limited and Prosus (together with their subsidiaries and affiliates, the Group) on 24 March 2022 and 20 May 2022, and in the Prosus results announcement for the year ended 31 March 2022 published on 27 June 2022, in relation to the Group's intention to exit its investment in its Russian classifieds businesses and operations (the Avito Group), and wherein shareh
AMSTERDAM (Reuters) -Prosus, the Dutch-based technology investor, said on Friday it has agreed to sell its Russian online marketplace Avito for 151 billion roubles ($2.46 billion), to Kismet Capital Group. Avito had been one of Prosus's most valuable investments, with an estimated valuation of about $6 billion before Russia's invasion of Ukraine in February led the company to cut ties and seek a sale of the property. The buyer, Russian investment firm Kismet, was founded by Ivan Tavrin, former CEO of telecoms company MegaFon.
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AMSTERDAM, October 03, 2022--Prosus N.V. (Prosus) (AEX and JSE: PRX): On 31 August 2021, Prosus announced that an agreement had been reached between PayU Payments Private Limited (PayU), a subsidiary of Prosus, and the shareholders of the Indian digital payments provider BillDesk to acquire BillDesk for US$4.7 billion.