Shares in Naspers and Prosus surged by almost 5% on Wednesday after the companies announced an update on their open-ended repurchase programme, through which they are offloading Tencent shares.
He said they were accelerating their path to profitability and that repurchasing their own stock was a “great use” of their capital: “Investing in Tencent and our own e-commerce portfolio at a 40% discount significantly improves NAV per share and creates permanent value that will compound over time.” Van Dijk said $15-billion of value had been created on announcement of the programme.
But on Wednesday, Bloomberg reported Chinese shares were off to a strong start in 2023, as fears of isolationist policies gave way to signs that China was turning more investor-friendly. “A number of [tech] sectors over the course of the last year [are in a messy] downward trajectory… The valuation downdraft has hurt us everywhere.”
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
La source: BusinessTechSA - 🏆 24. / 61 Lire la suite »
La source: BISouthAfrica - 🏆 34. / 51 Lire la suite »