Prosus NV : Tencent's FY results: less growth but focus on margins and cash returns
>Less growth for Tencent but new focus areas good news for Prosus - Tencent (28.9%-owned by Prosus) yesterday reported its results for Q4 and for 2021, followed by a conference call. Q4 came in lower than expected, with growth of only 8% (vs 10% forecast). It is one of the softest quarters in the history of the group. The group is looking for ‘sounder’ growth against an uncertain regulatory backdrop, by focusing more on profitability rather than growth. Tencent s...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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