Prosus NV : No major surprises from H1, development continues on the main verticals
>Outperform rating reiterated with a target price of € 132 - Prosus reported its final results yesterday evening. H1 2022 EPS came to $ 1.48, at the upper end of the range given at the trading update on 16 November ($ 1.41-1.50). However, profitability for the e-commerce division was slightly short of estimates, mainly due to EBITDA for the food delivery arm (ramp-up of investment in grocery delivery). This was offset by good news for classifieds. Note that 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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