Prosus NV : 2020 results for Tencent, reassuring message on regulations in China – Outperform rating maintained
>Investment case intact – Outperform rating maintained - Tencent (88% of Prosus NAV) yesterday reported 2020 results that just beat our expectations. The group confirmed very solid momentum in all its divisions, both for games and for fintech. Our expectations are unchanged following this release. On the regulatory front, Tencent was reassuring on its fintech business (where the group had already self-regulated by getting ahead of the current rules, in contrast to Ant...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.