Prosus NV : Tencent’s Q3 results a shade ahead of expectations but cautious message on advertising in China
>No change to our estimates for Prosus following Tencent’s Q3 results release - Tencent (28.9%-owned by Prosus) released its Q3 results yesterday and held a conference call afterwards. While Q3 EPS was slightly ahead of expectations, revenue growth and EBITDA were slightly below expectations. The group highlighted the fact that the advertising business (16% of sales) is likely to be negatively impacted for a few quarters due to more stringent regulations and a more di...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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