Foreign exposure: Naspers has limited revenue generation from SA through MultiChoice. Its big gains come from its 31.1% holding in Chinese firm Tencent. Picture: BLOOMBERG
Foreign exposure: Naspers has limited revenue generation from SA through MultiChoice. Its big gains come from its 31.1% holding in Chinese firm Tencent. Picture: BLOOMBERG

Robert Cameron from Thebe Stockbroking chose Naspers as his stock pick of the day.

“The reason I like it is because there has been a lot of noise previously around their value unlock that hasn’t been happening because of the Tencent valuation being more than the market cap of the entire Naspers group. This means that you get everything else for free.

“With the MultiChoice unbundling we saw a month ago shows the willingness of management to distribute these assets back to shareholders so that the market can value those as a separate listing.

“What we are seeing now is that they are going to spin off 25% of Naspers international internet holdings, which include Tencent into a listing in Amsterdam and that will be made available to Naspers shareholders. Naspers is in a growth sector positioned for the future in terms of artificial intelligence and the fourth industrial Revolution.”

Robert Cameron from Thebe Stockbroking tells Business Day TV why Naspers is his stock pick of the day

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