Trade Idea: Naspers
Media and internet giant, Naspers climbed to record highs in November, following the quarterly results from Tencent, in which it owns a 34% stake. The company’s shares climbed to over R4 000 a share on the JSE in November. This move was as a result of a trading statement that indicated that Naspers is expecting core headline earnings per share to be between 62% and 67% higher than the comparable period last year.
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Presented by equity analyst, Tayla Wesson.