MyMoney Online

Game over, Tencent (i.e. Naspers)? No, it remains a profoundly good longterm buy

In January 2018 Naspers-owned (31%) Tencent was one of the world’s five largest companies.

It’s no longer even in the top 10 after losing R3.2 trillion (US$220 billion) in value so far this year, more than any other company in the world.

Nevertheless, says Momentum Securities Portfolio Manager Francois Strydom, Tencent is fundamentally a good long-term buy.

The Money Show’s Bruce Whitfield interviewed Strydom.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

The gaming component… is definitely one of the major factors for its decline… Competition and regulatory concerns…. and a broad-based Chinese tech selloff…

Francois Strydom, Momentum Securities

We still view it as a quality company… it’s not in question…

Francois Strydom, Momentum Securities

Fundamentally… we prefer the Tencent route rather than the Naspers route…

Francois Strydom, Momentum Securities

There is a bit of a short-term risk… but it’s ever more looking attractive… we look at the fundamentals… there’s value there…

Francois Strydom, Momentum Securities

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
How to calculate how much money you need to never have to work again

How to calculate how much money you need to never have to work again

How much is enough? Is there a simple calculation? Warren Ingram, a personal financial advisor at Galileo Capital, explains.

'3 best local and offshore (US-listed) shares to buy in mid-March'

'3 best local and offshore (US-listed) shares to buy in mid-March'

Razeen Dinath, Head at Cadiz Equity, shares his stock picks of the week.

3 risks to your retirement savings (and how to mitigate each of them)

3 risks to your retirement savings (and how to mitigate each of them)

Only 5% of South African retirement fund members will retire comfortably. Bruce Whitfield interviews advisor Warren Ingram.

Why women must be far more careful with their money than men

Why women must be far more careful with their money than men

Ray White talks to personal finance guru Warren Ingram, who reckons women should take financial planning more seriously than men.

13 tips for saving hundreds (nay, thousands!) of rands each month

13 tips for saving hundreds (nay, thousands!) of rands each month

The economy is toast. Personal finance expert Warren Ingram shares 13 highly effective tips for making ends meet.

How to retire while you’re still very young

How to retire while you’re still very young

If you do things differently, it’s possible stop working far earlier than you ever thought possible, says Warren Ingram.

Popular articles
Zuma's permanent stay of prosecution bid puts NPA on trial, says Karyn Maughan

Zuma's permanent stay of prosecution bid puts NPA on trial, says Karyn Maughan

Reporter Karyn Maughan shares latest in Jacob Zuma's high court bid to have corruption charges against him permanently dropped.

Best way to invest the jackpot if you win the lotto

Best way to invest the jackpot if you win the lotto

More than 70% of lotto winners go broke, warns Warren Ingram, a personal financial advisor at Galileo Capital.

South Africa can have cheap electricity, forever! – former Eskom engineer

South Africa can have cheap electricity, forever! – former Eskom engineer

The Money Show’s Bruce Whitfield interviews Dr Tobias Bischof-Niemz, CEO at ENERTRAG South Africa.

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

TymeBank has no branches and no monthly fees. Most transactions are free. Bruce Whitfield interviews its CEO.

Survey reveals SA teachers 'emotionally overwhelmed'

Survey reveals SA teachers 'emotionally overwhelmed'

A report has revealed that many teachers feel overwhelmed and often feel they must step into the role of a 'proxy parent'.