Tencent, through its holding of WeChat, has been caught up in the escalating China/US trade tensions, which has potential implications for holders of shares in Naspers and Prosus.
Tencent’s direct revenue and profit exposure to the US is estimated at about 2%, though this in fact comprises largely gaming. So the direct effect as a result of the WeChat ban would seem to be minuscule. The other result potentially comes from Tencent’s investments in US companies . Currently we calculate the discount to net asset value for Naspers is 53.5% and for Prosus 32.5%. Recently Prosus has been outperforming Naspers, as can be seen from the widening gap between the two discounts. At present it looks as if it is at the widest point it has been since Prosus listed on September 11 2019. The Naspers discount is also close to the widest it has been .
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
MARKET WRAP: JSE tracks weaker Asian market and Truworths surgesShares in petrochemical producer Sasol fell for the fourth day running as it prepares to execute a rights issue to pay down its debt pile
Källa: BDliveSA - 🏆 12. / 63 Läs mer »
Apple’s market value tops $2-trillionIPhone maker's market-cap doubling to $2-trillion took two years, compared with the four decades it took to reach $1-trillion
Källa: BDliveSA - 🏆 12. / 63 Läs mer »
Property market is holding up well, says NedbankThe value of mortgages in June was more than in January but less than just before the lockdown kicked in
Källa: BDliveSA - 🏆 12. / 63 Läs mer »
Risk-averse investors miss equity rally as they rush to safety of money marketJSE gains 23% in the second quarter while the Reserve Bank drives interest rates to historical lows
Källa: BDliveSA - 🏆 12. / 63 Läs mer »
MARKET WRAP: Rand posts biggest gain in a week and Sasol slumpsChemicals giant Sasol, which has lost more than half of its value in 2020, considers issuing more shares
Källa: BDliveSA - 🏆 12. / 63 Läs mer »
MARKET WRAP: JSE tracks weaker Asian market and Truworths surgesShares in petrochemical producer Sasol fell for the fourth day running as it prepares to execute a rights issue to pay down its debt pile
Källa: BDliveSA - 🏆 12. / 63 Läs mer »