Tencent ex-growth. Woe is Napers & Prosus (#486)
WorldWide Markets with Simon Brown · JustOneLap.com
March 23, 202219m 59s
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Show Notes
Simon Shares
- Just One Lap is 11 years old :)
- FOMC, as expected. Local MPC tomorrow.
- Nasdaq, time to buy? Also FTSE100. Both a technical buy, not taking a view on the fundamentals.
Brent almost back at US$120.
- China opened up already, well Foxcon at least.
- Tencent results, flat-lining.
The end of an era! So says Tencent as revenue grows in single digits, the lowest quarterly number since listing back in 2004. Tencent's declaration is resignation that any expansion will be cautious and controlled. Prosus down 8.2%, Naspers down 8.4%. Prices still look vulnerable
— David Shapiro (@davidshapiro61) March 23, 2022
- Thungela Resources (JSE code: TGA) results and 1800c dividend.
- "developments in terms of new thermal coal projects which have been hampered by financing opportunities, given ESG pressures on carbon fuels"