Market Wrap

Market Wrap - Stock Pick — Naspers


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Imtiaz Suliman from Sentio Capital chose Naspers as his stock pick of the day
I choose Nasper, also one that is going to come under corporate action with their listing of Prosus in Amsterdam. I think that is going to create some value unlock which it is a liquidity event whereby European passive indexes will be allowed to include Prosus in their tracking funds. From an overall perspective, Nasper has been trading at a significant discount to its stake in Tencent of around 35% and I think there is some scope for that discount to narrow somewhat given this positive listing that will take place."
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Market WrapBy Business Day TV