Ecommerce and media group [DATA NPN:NASPERS-N] Naspers Ltd share price broke through the critical R2000 mark on Monday.
The media giant’s share price has rocketed to record highs this year, largely as a result of its 34 per cent investment in the Chinese social media company Tencent, which is trading on a 53 multiple. On Power Lunch Vestact’s Sasha Naryshkine says Tencent is heavily discounted in Naspers’ numbers.
Many analysts have said Naspers’ is overvalued but yet its share price has continued to confound sceptics. Find out why Naryshkine belives it still holds value, by watching the video… [VIDEO]