Prosus NV

Prosus NV engages in the provision of different technology platforms. It operates through the following segments: Ecommerce, Social and Internet Platforms, and Corporate. The Ecommerce segment operates internet platforms to provide various services and products, and includes classifieds, payments and fintech, food delivery, etail, travel, and other ecommerce. The Social and Internet Platforms segment holds listed investments in social and internet platforms through Tencent and Mail.ru. The Corporate segment comprises entities which provide various corporate functions and activities. The company was founded on April 3, 1997 and is headquartered in Amsterdam, the Netherlands.

Here is how Prosus N.V. Sponsored ADR (PROSY) and Itochu Corp. (ITOCY) have performed compared to their sector so far this year.

Is Prosus (PROSY) Stock Outpacing Its Retail-Wholesale Peers This Year?

Dutch technology investor Prosus NV expects adjusted profit at its e-commerce business to surge to $400 million this fiscal year and expects more of its Indian businesses to list following Swiggy's IPO, Chief Executive Fabricio Bloisi said on Monday.

Prosus expects e-commerce profit to jump in 2025, more IPOs in India

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (Prosus) (AEX and JSE: PRX): A letter from Fabricio Bloisi, chief executive, Prosus, on his first 100 days can be found on the company's website, www.prosus.com/news-insights/group-updates/2024/ceo-letter-100-days-update The information included in the letter has not been reviewed or reported on by Prosus's external auditors. Amsterdam, the Netherlands 21 October 2024 JSE sponsor to Prosus Investec Bank Limited Disclaimer The information in this announcem.

Voluntary Announcement: Letter From Fabricio Bloisi, Chief Executive, Prosus, on His First 100 Days

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Prosus (PROSY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Prosus (PROSY) a New Strong Buy Stock

Here is how Prosus N.V. Sponsored ADR (PROSY) and Travelzoo (TZOO) have performed compared to their sector so far this year.

Are Retail-Wholesale Stocks Lagging Prosus (PROSY) This Year?

Tencent Holdings Limited

Prosus, an Amsterdam-listed tech investment holding, trades at a 38% discount to NAV, primarily composed of publicly listed securities like Tencent. Prosus has been divesting Tencent shares and buying back its own stock at a discount, boosting NAV per share by 6-7% annually. The company's strategy increases shareholder exposure to Tencent, enhancing returns compared to a standalone Tencent investment, with expected mid-teens growth in NAV and share price.

Prosus: Boosting Value With Tencent Sales And Buybacks

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (Prosus) (AEX and JSE: PRX) The annual general meeting (AGM) of the shareholders of Prosus was held today. Shareholders are advised that all resolutions set out in the notice of the AGM were passed by the requisite majority of shareholders represented at the AGM and adopted. We note that the issued share capital of Prosus at the record date was as follows: Class of share Nominal value per share Number of votes per share Issued share capital Authorised sha.

Prosus: Results of Annual General Meeting

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (Prosus) (AEX and JSE: PRX): The Naspers and Prosus boards announce that after 29 years of exemplary leadership and service, Basil Sgourdos will retire from his position as Group Chief Financial Officer and financial director of both companies effective 30 November 2024. Basil has had a broad and varied career at Naspers and Prosus having joined the Company in 1994, initially as the finance manager of the South African operations division in MultiChoice b.

Prosus: Executive Leadership and Board Change

Major investor Prosus has written off its 9.6% stake in Indian edtech firm Byju's to zero, signaling a loss of confidence in the once-promising startup.

Prosus zeroes out 9.6% Byju's stake

Dutch technology investor Prosus core headline earnings jumped 84% in the year to March 31, helped by a strong performance in e-commerce operations, it said on Monday.

Prosus full-year core headline earnings jump 84%

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (Prosus) (AEX and JSE: PRX): It has been a standout year for the Group. Prosus simplified its Group structure, delivered improvements across all core performance metrics and achieved Ecommerce profitability six months ahead of target. Operating businesses have performed well, accelerating profitable growth, while the open-ended buyback programme continues to deliver value for our shareholders every day. The rapid deployment of AI-led technologies across t.

Prosus delivers US$773m free cash flow improvement, 19% revenue growth and Ecommerce profitability

The consumer discretionary sector has low projected growth compared to its current S&P 500 weighting. Prosus N.V. presents with a strong retail market outlook and high returns on capital employed to create economic value for shareholders. Based on the facts pattern, PROSY appears undervalued where it trades today.

Prosus N.V.: Exceptionally Valued With High Return Prospects, Rate Buy

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (Prosus) (AEX and JSE: PRX): Shareholders are advised that the Prosus group (“the Group”) is finalising its financial statements for the year ended 31 March 2024. Prosus N.V. (“Prosus”) is a subsidiary of Naspers Limited (“Naspers”), a company incorporated in South Africa and listed on the Johannesburg Stock Exchange (“JSE”) in South Africa.

Prosus N.V.: Trading statement

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Naspers Ltd

Dutch technology investor Prosus and its South African parent group Naspers on Friday named the head of their iFood business, Fabricio Bloisi, as their new CEO, replacing long-time boss Bob van Dijk who stepped down last September.

Who is new Prosus and Naspers CEO Fabricio Bloisi?

Prosus and South African parent Naspers named Fabricio Bloisi as group CEO, replacing interim boss Ervin Tu, who will become president and chief investment officer.

Prosus Taps iFood's Fabricio Bloisi as New Chief

Dutch technology investor Prosus and its South African parent group Naspers on Friday named Fabricio Bloisi as the new chief executive, replacing long-time boss Bob van Dijk who stepped down last September.

Prosus, parent group Naspers name Fabricio Bloisi as new CEO

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (AEX: PRX) today announced that the Boards of Prosus and Naspers (JSE:NPN) have unanimously approved the appointment of Fabricio Bloisi as Chief Executive Officer (CEO), Prosus and Naspers Group (“the Group”). The appointment is effective as of 1 July 2024. Fabricio Bloisi assumes the role of Group CEO from his role as CEO, iFood. Fabricio acquired iFood in 2013 when it was a 20-person start-up. He has since grown it rapidly and profitably to become Brazi.

Fabricio Bloisi Appointed CEO, Prosus and Naspers

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Here is how Prosus N.V. Sponsored ADR (PROSY) and Sprouts Farmers (SFM) have performed compared to their sector so far this year.

Is Prosus (PROSY) Outperforming Other Retail-Wholesale Stocks This Year?

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Prosus is a long undervalued stock trading at a >35% discount to its NAV, with strong potential for unlocking significant value through its investments. Prosus is one of the largest technology investors, with a diverse and high-quality investment portfolio in listed and privately held companies. Prosus is expected to benefit in the short term, as management reduces the holding discount and Tencent valuations improve.

Prosus: A Great Long-Term Play, With Clear Short-Term Upside Potential

Prosus N.V. has a good chance of outperforming the market with strong revenue and earnings growth predicted for FY25 while the valuation remains extremely low. Prosus operates global e-commerce businesses and is well-positioned to benefit from the growing global e-commerce market. The company's solid financials puts Prosus in a great position to expand as the industry grows.

Prosus N.V. To Rise On Strong Growth And Deep Low Valuation

With a substantial holding in Tencent Holdings and other publicly listed, mark-to-market non-operating assets, Naspers Limited consolidated and non-consolidated growth holdings are negatively valued. While some are closer to a venture profile, most are clearly inflecting into profitability. Poor funding conditions could not even justify a $0 value in this case, let alone negative. Taking a conservative sum-of-the-parts approach to the non-public portfolio, the Naspers upside opportunity is almost 40% based on the NAV discount.

News for Prosus NV Stock (PROSY)