《Prosus = Tencent With A BIG DISCOUNT + MORE!!!》
Prosus 被低估，因其相对资产净值存在折价且回购驱动的价值增值，但该论点取决于管理层能否兑现承诺的利润并避免破坏价值的 AI 收购。
如果你想看看Prosus，它持有腾讯20%多的股份，它的交易有折价，但在投资方面是另一个故事。
If you want to check Prosus out, which owns a 20-something percent stake in Tencent, it's trading at a discount, but is a different story when it comes to investing.
让我们从Prosus开始。它基于腾讯。该股跟随腾讯。所以，在过去5年里，它做了腾讯所做的事情，但情况不同。市盈率是8，如果从另一个回购角度来看，甚至可能更低。
Let's start with Prosus. It's based on Tencent. The stock follows Tencent. So, in the last 5 years, it did what Tencent did, but the situation is different. The P/E ratio is eight, even lower perhaps if you look at from another buyback perspective.