Illusory value

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Illusory value

Published Date: 2020-05-29 | Source: INCE|Community | Author: Mark Ingham

Illusory value

Ingham Analytics issues a Trader note entitled "Illusory value" which tackles the topic of Prosus and by extension Naspers and Tencent.

They give their updated call on Prosus and Tencent as stocks and a revised forecast and valuation on Tencent. The updated values indicate that Prosus and Naspers are at significant discounts to their shareholdings (direct and indirect) in Tencent. Why is this?

Is there an opportunity or not? As a trader what is the recommended way to play Prosus and if you're a long-term investor what do you do? Which is the better route to benefit from Tencent growth?