Playback speed
Share post
Share post at current time

Prosus (PRX NA)

Tencent at a 35% discount with consistent share buybacks

Disclaimer: Asian Century Stocks uses information sources believed to be reliable, but their accuracy cannot be guaranteed. The information contained in this publication is not intended to constitute individual investment advice and is not designed to meet your personal financial situation. The opinions expressed in such publications are those of the publisher and are subject to change without notice. You are advised to discuss your investment options with your financial advisers, including whether any investment suits your specific needs. From time to time, I may have positions in the securities covered in the articles on this website. Full disclosure: I do not hold a position in Prosus at the time of publishing this article. To reiterate, this post and the below presentation are for informational and educational purposes only - not a recommendation to buy or sell shares.

Prosus (PRX NA - US$76 billion) is an Amsterdam-listed investment holding company with a 25.2% stake in Chinese Internet company Tencent (700 HK - US$337 billion).

Its parent company, Naspers, began as a newspaper publisher in 1915 and then became a book publisher. In the 1980s, a young Naspers executive named Koos Bekker formed a pay-TV business that became a major success. In 1997, he began investing in Internet-related businesses, including the 2001 deal to acquire 33% of Tencent for just US$34 million.

Fast-forward 20 years, and Tencent has become one of the most successful growth stories ever. The value of that initial 33% stake (later upped to 50%) has gone up over 3,000x.

Listen to this episode with a 7-day free trial

Subscribe to Asian Century Stocks to listen to this post and get 7 days of free access to the full post archives.

Asian Century Stocks
Deep-dive reports into stocks in the Asia-Pacific. You can expect at least 20x such deep-dive reports every year.