RE­SULTS SHOW MAS­SIVE VALUE

Finweek English Edition - - SIMON SAYS -

Ten­cent re­sults again showed the mas­sive value of the busi­ness that is 34% owned by Naspers*. Not only is Ten­cent mak­ing real prof­its, but if one val­ues it against Face­book, then Ten­cent is eas­ily trad­ing at a dis­count of per­haps as much as 50% com­pared to the so­cial me­dia gi­ant. If you buy Naspers right now, you are only re­ally pay­ing for the cur­rent stake in Ten­cent with all the other as­sets such as DStv, OLX and oth­ers for free. You are also get­ting the Ten­cent stake at a dis­counted price.

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