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.

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The markets are moving higher after a cooler reading on inflation stirs hopes that interest rates will be cut at some point in 2024. However, with many stocks still looking significantly overvalued, investors are on the hunt for undervalued cheap stocks.

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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.

Naspers: Prosus Not Fully Recognised, Venture Assets Negatively Valued

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Investors interested in stocks from the Internet - Commerce sector have probably already heard of Prosus N.V. Sponsored ADR (PROSY) and MercadoLibre (MELI).

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Investors with an interest in Internet - Commerce stocks have likely encountered both Prosus N.V. Sponsored ADR (PROSY) and Amazon (AMZN).

PROSY vs. AMZN: Which Stock Is the Better Value Option?

Investors interested in stocks from the Internet - Commerce sector have probably already heard of Prosus N.V. Sponsored ADR (PROSY) and Amazon (AMZN).

PROSY vs. AMZN: Which Stock Should Value Investors Buy Now?

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Naspers and Prosus released their usual deluge of media and analyst releases, reports and presentations, highlighting improved KPIs. However, while improvements are real, overall profitability of the ex-Tencent portfolio will be achieved also thanks to some adjustments and disposals. Overall, the NAV discount is unlikely to shrink unless management delivers real and predictable growth.

Naspers And Prosus: Still Questionable Profitability Of Ex-Tencent Portfolio

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (Prosus) (AEX and JSE: PRX): Prosus is successfully delivering on its commitments. The fundamentals of its operating businesses are improving, driving proftable growth. The ongoing open-ended buyback continues to compound value over time and the removal of the cross-holding agreement has greatly simplified the Group's structure. Lastly, with its strong balance sheet and through active portfolio management, the Group is well positioned to generate improved.

Prosus Accelerates Profitability Target and Delivers on Objectives

Does Prosus N.V. Sponsored ADR (PROSY) have what it takes to be a top stock pick for momentum investors?

Prosus N.V. Sponsored ADR (PROSY) is a Great Momentum Stock: Should You Buy?

Given the ongoing buybacks at all levels of the triad, we should expect Naspers to outperform Prosus and Tencent to underperform both. Yet this is not happening. In this article, I will investigate the underlying dynamics and propose a solution for the enigma.

Naspers And Prosus: Printing Money In Vain

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (Prosus) (AEX and JSE: PRX): To continue its value accretive open-ended share repurchase programme, this week Prosus will convert 96 million Tencent shares it owns from certificate form to digital form, through a process of dematerialisation. This represents approximately 1% of the issued share capital of Tencent. This is in line with the action taken in April 2023. On 27 June 2022, Prosus and Naspers announced the launch of an open-ended share repurchase.

Prosus Updates on Open-ended Share Repurchase Programme

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The immediate and mutually agreed departure of Naspers and Prosus CEO Bob van Dijk underscores a complicated few years.

Tencent investors Naspers and Prosus announce abrupt departure of CEO Bob van Dijk

Prosus, the global consumer internet group owned by South African tech giant Naspers, has announced that Bob van Dijk is stepping down as CEO of both companies with immediate effect. The Euronext Amsterdam-listed company, which has secondary listings in Johannesburg, gave no reason for the surprise resignation.

Tencent investors Prosus and Naspers announce surprise resignation of CEO Bon van Dijk

South Africa's most valuable listed company appoints former SoftBank executive as its interim chief.

CEO of Naspers and Prosus Steps Down

CAPE TOWN, South Africa--(BUSINESS WIRE)--Naspers Limited (JSE: NPN) and Prosus (AEX and JSE Share Code: PRX) announced today that Bob van Dijk is stepping down as CEO and Board member of Naspers and Prosus after 10 successful years of leadership. Ervin Tu, presently Group Chief Investment Officer, was appointed Interim CEO. Bob will assist with this transition and will remain as a consultant to the Boards until 30 September 2024. Over his tenure, Bob has contributed meaningfully to the success.

News for Prosus NV Stock (PROSY)