Prosus shares rose 3.3% on Friday, outperforming the market. J.P. Morgan analyst Marcus Diebel pointed out in the latest report that as the negative news cycle begins to ease in the second half of the year, Prosus's current valuation discount may be “too high.” Affected by related news and factors such as Just Eat and iFood's investment demand, Prosus and its parent company Naspers did not perform as well as expected in the market this year, and the stock price has dropped by about 20% so far during the year. Currently, Prosus's transaction price is discounted by about 37% compared to its net asset value, while recently its reasonable NAV discount range is around 20%. Despite short-term pressure, analysts believe the positives are piling up. Currently, the negative news surrounding the takeout business “seems to be over,” and Prosus's broader portfolio outside of takeout continues to perform well. J.P. Morgan suggests that the management of Prosus and Naspers can improve investors' perceptions by setting more detailed departmental financial goals, thereby driving stock revaluation to reduce the current excessive trade-off space.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.