Finweek English Edition - - INVESTMENT -

In­vest­ment bank­ing group UBS has re­cently added Naspers to its Top5 South African mar­kets port­fo­lio. John Or­ford from UBS wrote in a note to clients: “We add Naspers to the South Africa Top5 port­fo­lio given strong earn­ings growth and its Rand hedge; Naspers has been one of our pre­ferred stocks in SA for some time. Via its hold­ing in Ten­cent, Naspers of­fers ex­po­sure to struc­tural fast growth in the Chi­nese In­ter­net mar­ket. Naspers also of­fers op­tion­al­ity on the po­ten­tially ex­cit­ing op­por­tu­ni­ties pre­sented by its in­vest­ments in var­i­ous EM e-com­merce plays. Top5 now in­cludes BHP, MTN, Net­care and Sa­sol, and to make room for Naspers, we re­move In­vestec from the port­fo­lio.”

*Fin­week is a Me­dia24 pub­li­ca­tion, which is a sub­sidiary of Naspers.

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