Prosus NV : 2022 results already known but new Tencent share disposals to come and Prosus share buyback in parallel
>2022 results hold no surprises but initiatives resume on the discount - Prosus published this morning results that brought no surprises as the group had already released a trading update. We now have data by subsidiary and the gap can be seen mainly in the food delivery arm, and more marginally in payment and classifieds. The conference call at 10 a.m. CET should provide more detail on the profitability outlook and notably cost-cutting initiatives. The group also ann...Prosus NV Formerly known as Myriad International Holdings NV. Prosus NV, formerly Myriad International Holdings NV, is a Netherland-based global consumer Internet group. The Company is organized into six business areas: Classifieds, Payments & Fintech, Food delivery, Etail, Ventures and Travel. It also holds investments in listed Social & Internet assets. The Classifieds business area manages mobile and digital marketplaces. The Payments & Fintech business area includes PayU, a Payment Service Platform. The Food delivery business area manages food delivery companies. The Travel business area operates a travel online platform. The Etail business area includes business to consumer e-commerce companies. The Venture business area looks for and invests in early stage companies.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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