|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||94.20 - 96.97|
|52-week range||64.86 - 110.00|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||43.11|
|Earnings date||21 Jun 2021|
|Forward dividend & yield||0.11 (0.11%)|
|Ex-dividend date||22 Oct 2020|
|1y target est||N/A|
Tech-led growth is happening at a fast pace in the region, from China to Taiwan, South Korea, and other Southeast Asian countries. Naspers did sell off about $10 billion in 2018, and it just sold another $14.6 billion at the beginning of this month.
In the second-largest block trade ever, Prosus sells almost $15 billion of its massive Tencent stake. What will it do with the cash?
Investors in Naspers Ltd - Africa's biggest company - said on Thursday they want proceeds from a $14.7 billion stake sale in its Tencent Holdings investment to go towards blockbuster acquisitions or a share buyback. Naspers' Dutch-listed subsidiary Prosus NV sold a 2% stake in the Chinese gaming and social media giant on Thursday in the world's largest-ever block trade, reducing its stake to 28.9%. Prosus' portfolio is dominated by Tencent, which owns China's biggest messaging app, WeChat.