Browsing: Tencent

News
Naspers reports 24% leap in revenue

Online businesses helped spur on a 24% year-on-year revenue growth at Internet and media giant Naspers. In its interim results announcement on Friday, Naspers reported that its revenue measured on an economic interest base topped R74,3bn for the six months ended September 2015

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Naspers falls on capital raising

Shares in technology and media giant Naspers came under selling pressure late on Friday afternoon after it announced plans to raise as much as US$2,5bn (about R36bn) through a capital-raising exercise. Shares in Naspers were trading down by almost 4% shortly

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Naspers expects big leap in earnings

Naspers expects headline earnings per share for the six months ended 30 September 2015 to have leapt by between 25% and 30% compared the same interim period a year ago, the media and technology group said on Friday

News
Avito, Tencent fuel Naspers share surge

It’s no surprise that Internet and media group Naspers on Friday announced a US$1,2bn (R16bn) deal to become the largest shareholder in Avito, the leading online classifieds platform in Russia, Mof Terreblanche, a director of Stonehage Investment Partners, said on Friday

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MultiChoice mints money for BEE shareholders

In a resounding black economic empowerment success story, the value of the 20% investment in MultiChoice South Africa by BEE shareholders has increased by 20 times. The shares are currently trading around R170 each and, including total dividends paid to date of just

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Naspers’s annual results in review

Naspers said on Monday that its core headline earnings, a measure the board considers a reliable indicator of sustainable operating performance, grew by 30% to R11,2bn, up from R8,6bn in 2014

Editor's pick
‘Everyone loves Naspers’

Earlier this week, a senior portfolio manager at a London asset manager sent out a note detailing a recent trip he had taken to the US. The purpose of the visit was to meet with some of the top fund managers there to discuss managing assets for clients

In-depth
Is Naspers still a buy?

Naspers is one of the most closely watched and debated shares on the JSE. Aside from the fact that it is the bourse’s most pricey share, it has been one of its stellar performers – growing by 430% since 2012. In March 2009, Naspers had a market capitalisation

News
Is Naspers undervalued?

Naspers investors are breathing a sigh of relief following the release of results from Chinese subsidiary Tencent that were better than analysts had forecast. Net income climbed by

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