“Prosus = Tencent With A BIG DISCOUNT + MORE!!!”
Tencent is fairly priced with expected long-term returns of 9-10%, varying with China's investment climate; when China is uninvestable, it's a buying opportunity.
Tencent yesterday. You might want to check that video. Really interesting, fairly priced if you want to invest in Tencent directly.
Tencent, we said yesterday, likely 9-10% long-term returns, better returns in Chinese exuberant cycles, lower returns when China is uninvestable, but when China is uninvestable, you double down.
Tencent is growing the dividend. The more Tencent grows the dividend, the more Prosus benefits.