Naspers UPDATE on its way to the target at R4,000

14 Apr 2023

Falling Wedge Formation is evident on the daily chart.
The price is still consolidating around the apex.
We need the price to break up and out of it to confirm upside to come.
7=21
Price >200
RSI>50
Target R4,000

ABOUT THE COMPANY 2023
Naspers was founded in 1915 as a newspaper publisher in South Africa.

The company is headquartered in Cape Town, South Africa.

Naspers is one of the largest media and technology companies in the world.

The company's most valuable asset is its stake in Tencent Holdings, a Chinese multinational conglomerate that operates several popular social media and gaming platforms.

Naspers is the largest shareholder in Tencent, owning approximately 31% of the company.

In addition to its stake in Tencent, Naspers also has significant investments in other internet and technology companies, including Mail.ru, Delivery Hero, and Prosus.

Naspers' core businesses include online classifieds, payments and fintech, food delivery, and education technology.

The company operates in over 120 countries.

Naspers was one of the early investors in the Chinese e-commerce giant, Alibaba, and made a substantial profit when the company went public in 2014.

The company also owns the South African online retailer, Takealot.

Naspers has a market capitalization of over $100 billion as of April 2023.

In 2019, Naspers spun off its international internet assets into a separate company called Prosus, which is listed on the Euronext Amsterdam exchange.