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Posted by
Two Blokes Apr 25 -
Filed in
Stock
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5 views
Prosus offers a low-risk entry to China's internet growth via Tencent, trading at a near 40% discount to NAV. An ongoing buyback program is funded with proceeds from selling Tencent shares. It shall continue to boost NAV per share for Prosus investors. I initiate the stock with a buy rating based on a narrower NAV gap and potential upside in Tencent.
