Yiping schreef op 23 februari 2022 13:59:
I think u can try ro understand this company from the profit side. It is a holding company but it need to earn profit.
Prosus has 100b euros market value with 0 core business. The way it earn money are dividend from tencent and selling tencent stock.
So my estimate is in the coming 10 years prosus can have 2b to 3b euros net profit per year(if tencent grow 15% per year), so it is really cheap now?
The discount to tencent now is actually the profit.
And after 20 years after invest in tencent, there is not a second promising project.