|Bid||242,000.00 x 0|
|Ask||248,421.00 x 0|
|Day's Range||243,276.00 - 250,870.00|
|52 Week Range||1,723.06 - 285,325.00|
|Beta (5Y Monthly)||0.18|
|PE Ratio (TTM)||3.64|
|Earnings Date||Jun 27, 2022|
|Forward Dividend & Yield||6.62 (0.27%)|
|Ex-Dividend Date||Dec 01, 2021|
|1y Target Est||216.08|
NPSNY, WASH, and TRST made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 28, 2022.
For years, Tencent's (OTC: TCEHY) largest shareholder, early investor Naspers (OTC: NPSNY), along with its cross-held holding company subsidiary Prosus (OTC: PROSY), has traded at a discount to its Tencent stake. Despite Naspers/Prosus' best efforts at financial engineering and diversifying its business into food delivery, digital payments, education technology, and e-commerce in emerging markets, the discount has continued to widen. Based on its recent net asset value, incorporating both prevailing market prices and analyst estimates for private assets, Prosus trades at just over half of its net asset value (NAV), while Naspers is even cheaper, at around 45% of NAV.
JOHANNESBURG/AMSTERDAM (Reuters) -Technology investor Prosus NV will tap its huge stake in China's Tencent to fund a stock buyback in itself and parent Naspers, the Dutch firm said on Monday, knocking shares in the Chinese tech giant. The move is aimed at closing a gap between the market value of Prosus/Naspers and that of the 28.9% stake in Tencent they own, which is currently worth about $136 billion. Prosus itself is currently worth less than that stake at some 109.8 billion euros ($116.2 billion).