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PROSY Prosus N.V. Sponsored ADR

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6.180
+0.060+0.98%

15min DelayClose Apr 18 16:00 ET

165.71BMarket Cap8.21P/E (TTM)

Prosus N.V. Sponsored ADR Stock Forum

Feirre

Yesterday 11:05

Morgan Stanley Expects TENCENT's 1Q24 Revenue to Rise 5% YoY

Morgan Stanley predicts a 5% YoY growth in TENCENT's 1Q24 revenue, slightly below market expectations due to weaker gaming and fintech growth. However, advertising revenue remains strong. Gross profit and net profit are forecasted to increase by 18% and 25% YoY respectively, driven by increased share buybacks. TENCENT's aggressive buyback strategy is compensating for the sell-off by major shareholder $Prosus N.V. Sponsored ADR(PROSY.US)$ in 1Q.
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Feirre

Apr 17 10:49

Tencent Outlook: Positive Catalysts and Strategic Analysis by CITIC Securities

$Prosus N.V. Sponsored ADR(PROSY.US)$ , a $NASPERS(NAPRF.US)$ subsidiary, will likely reduce its Tencent stake by about $11.6 billion in 1Q24, easing pressure on Tencent. CITIC Securities predicts Prosus will trim Tencent shares by around $200 million daily in 2024, with Tencent's annual buyback budget rising to $100 billion.
The continued decrease in the major shareholder's holdings, coupled with Tencent's increased buyback, ...

Feirre

Apr 3 10:33

Prosus Continues Reduction of Tencent Stake; Tencent's Robust Buyback Activity Noted

Prosus disclosed a decrease in its stake in Tencent to 2.324 billion shares as of April 2, down from 2.377 billion shares in December last year, marking a 24.6% stake.
Concurrently, its stake in $MEITUAN-W(03690.HK)$ remained unchanged at 258 million shares.
Tencent's aggressive buyback strategy saw $49 billion spent last year, surpassing its total buyback in the past decade.
$NASPERS(NAPRF.US)$$NASPERS LTD ADR(NPSNY.US)$$PROSUS N.V.(PROSF.US)$$Prosus N.V. Sponsored ADR(PROSY.US)$$TENCENT(00700.HK)$$Tencent(TCEHY.US)$$Hang Seng TECH Index(800700.HK)$
...

Feirre

Jan 12 10:33

Tencent's major shareholder Prosus: holds 2.36 billion shares of Tencent with a market value of 84.7 billion US dollars

Tencent's major shareholders had further disclose their holdings in Tencent.
On January 10th local time, Tencent's major shareholder, $Prosus N.V. Sponsored ADR(PROSY.US)$ , a Dutch subsidiary of $NASPERS LTD ADR(NPSNY.US)$ in South Africa, disclosed its holdings of 2.3635 billion shares in Tencent. Prosus also disclosed its holdings of 257.5 million shares in $MEITUAN-W(03690.HK)$ , 79.6 m...

Feirre

Dec 8, 2023 11:43

TENCENT's Major Shareholder Prosus Dumps Over 510K Shrs, Sheds Stake to 24.99%

TENCENT's major shareholder $NASPERS LTD ADR(NPSNY.US)$ and the latter's subsidiary $Prosus N.V. Sponsored ADR(PROSY.US)$ continued to proceed with the share buyback program and has offloaded 513,500 shares of TENCENT yesterday (7th), a regulatory filing showed. As a result of the share disposal, the stake of Prosus in TENCENT decreased to 24.99%.
$TENCENT(00700.HK)$$Tencent(TCEHY.US)$$China Concept Stocks(BK2517.US)$$Hang Seng TECH Index(800700.HK)$

Feirre

Dec 5, 2023 10:49

TENCENT will likely remain subdued

$NASPERS LTD ADR(NPSNY.US)$ ' subsidiary $Prosus N.V. Sponsored ADR(PROSY.US)$ revealed in its interim results report that, between early October and 24 November, it had further offloaded more than 26.21 million shares of TENCENT, cashing in USD1 billion.
Kwok mentioned that dotcoms had been facing pressure due to business result factors as well as concerns over China's macroeconomy. Coupled with the lingering apprehension over the divestments of its shareholder, the share...

Feirre

Nov 30, 2023 16:21

TENCENT Ticks Up 2.5%, Unbothered by Substantial Shareholder's Stake Cut

$TENCENT(00700.HK)$, unbothered by news of substantial shareholder cutting stake, received support at 20MA ($316.64) yesterday. It recouped 10MA ($322.6) today, peaking at $326. It last bounced back 2.5% to $324.8, on volume of 15.43 million shares, already close to the full-day volume of yesterday of 16.86 million shares.
$Prosus N.V. Sponsored ADR(PROSY.US)$, a subsidiary of $NASPERS LTD ADR(NPSNY.US)$, which is the major shareh...

Feirre

Oct 30, 2023 17:36

Naspers Deposits 96M TENCENT Shrs into CCASS, Likely Planning for Reduction

South Africa's $NASPERS LTD ADR(NPSNY.US)$ and its subsidiary $Prosus N.V. Sponsored ADR(PROSY.US)$, major shareholders of $TENCENT(00700.HK)$ , are planning another round of stake reduction.
Prosus recently deposited HK$29 billion worth of TENCENT shares into the Central Clearing and Settlement System (CCASS) and logged the position under $Goldman Sachs(GS.US)$ , signalling that Naspers may be embarking on another round of stake red...

Feirre

Aug 14, 2023 16:04

G Sachs Trims TENCENT TP to $428, Rating Buy

Goldman Sachs said in a research report on the recent retreat of TENCENT shares, outlining several recent investor concerns. This included worries about slowing YoY growth of in-game revenue, which the broker expected to grow at 9% YoY. The market has also recently lowered its forecast for TENCENT's advertising revenue due to the uneven pace of the macroeconomic recovery.
At the same time, the outlook for TENCENT's cloud business growth in 2Q was we...

Feirre

Aug 2, 2023 14:57

Nomura Predicts TENCENT 2Q Rev. to Grow 13% YoY, Non-GAAP EPS to Add 25%

Nomura forecast TENCENT's revenue to thrive 13% YoY to RMB152 billion in the second quarter of 2023, in line with street consensus. The non-GAAP EPS was forecast to grow by 25% to RMB3.63, about 5% below the latest consensus.
The report elaborated that overseas market will become a driver for TENCENT's online game business. The fintech and business service revenue, meanwhile, was predicted to swell by 21% to RMB51 billion....

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