May 15 2009

Naspers a buy, reckons MarketMonkey

Published by at 8:40 am under Companies,Top Stories

On 20 March I reported about the fantastic 2008 results of Tencent (look here), a Chinese internet company in which Naspers holds just over 36%. In the first quarter of 2009 Tencent impressed yet again.  

Yesterday MarketMonkey (a South African blogger) posted an interesting follow-up, in which he made a case that the Naspers share is significantly underpriced at current levels (assuming the pricing of Tencent in Hong Kong is correct).

Check out how he came to that conclusion, then go out and buy a few shares.

(Note: This is not a share recommendation. I’m not qualified to decide when a share is a buy. I just liked MarketMonkey’s analysis.)

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