{"id":48962,"date":"2013-11-05T23:21:22","date_gmt":"2013-11-05T21:21:22","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=48962"},"modified":"2013-11-06T11:25:43","modified_gmt":"2013-11-06T09:25:43","slug":"naspers-to-reach-r1300","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/media\/48962\/naspers-to-reach-r1300\/","title":{"rendered":"Naspers to reach R1,300?"},"content":{"rendered":"

Chris Gilmour<\/a> from Absa Investments<\/a> says that media and Internet giant, Naspers<\/a> is good value to reach a target of R1,300 on the JSE.<\/p>\n

On Tuesday (5 November), Naspers closed R7.53 down to R926.47 on the local exchange, giving the group a market cap of R385 billion. Naspers reached a high of R980 towards the end of last month.<\/p>\n

Gilmour was speaking on CNBC Africa.<\/p>\n

“We’ve got a target price of R1,300 on this one,” he said of the group’s ability to break through R1,000.<\/p>\n

“It’s in sight, and way beyond. While the Chinese miracle persists, while it gets well into its third phase, I think this one (Naspers) has a wonderful, enviable position.”<\/p>\n

“The timing for Naspers is favourable because of the Twitter listing, because of the generally positive environment towards these tech stocks out there,”\u00a0Paul Theron<\/a>, CEO of\u00a0Vestact<\/a>\u00a0said.<\/p>\n

He said all social media companies are bound to get a lift when Twitter lists on 15 November. “Tencent gets a lift, and then as a consequence, Naspers gets a lift.”<\/p>\n

Naspers has a 35% shareholding in the Asian Internet company.<\/p>\n

Gilmour also pointed to the success of Naspers’ local operations, primarily DSTV<\/a>, through subsidiary, MultiChoice<\/a>.<\/p>\n

He said that, when looking at the content announced by potential rivals OpenView, \u201cI was profoundly disappointed, and I thought, well, they could have done better than that\u201d.<\/p>\n

OpenView launched last month as a free to air\u00a0satellite\u00a0TV offering by\u00a0Platco Digital<\/a>, a subsidiary of Sabido Investments, the media company which also owns e.tv.<\/p>\n

OpenView launched with an initial line-up of 16 channels, and\u00a0requires users to only buy a decoder and satellite dish for a once-off amount of about R1,599 (dependent on retailer).<\/p>\n

\u201cWhat it shows you is, even in relatively small contributors, compared with Tencent<\/a>, these guys (Naspers) dominate in such a way, it\u2019s unbelievable\u2026I think this is a wonderful success story,” Gilmour said.<\/p>\n

“In Naspers as well, you have all the Brazilian assets, you\u2019ve got Turkey, Eastern Europe, Russia, all these other countries where they basically have the dominant position in e-commerce, and in e-connectivity, and search,” Theron said.<\/p>\n

He added that if e-commerce continues to grow as is anticipated, \u201cthey\u2019ve got all these strategic properties that will be very attractive to the global giants\u201d.<\/p>\n

More on Naspers<\/h3>\n

New providers no competition for MultiChoice<\/strong><\/a><\/p>\n

Twitter, Facebook to boost Naspers<\/strong><\/a><\/p>\n

Naspers eyes JSE landmark<\/strong><\/a><\/p>\n

Naspers reconfigures its board<\/strong><\/a><\/p>\n

Naspers to discuss Koos Bekker\u2019s future<\/strong><\/a><\/p>\n

Naspers: JSE history maker<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Chris Gilmour from Absa Investments says that media and internet giant Naspers is good value to reach a target of R1,200 on the JSE.<\/p>\n","protected":false},"author":10,"featured_media":40654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5554],"tags":[6109,26,1253,107,6367,6333,93],"class_list":["post-48962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media","tag-absa-investments","tag-headline","tag-multichoice","tag-naspers","tag-openview","tag-platco-digital","tag-twitter"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/48962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=48962"}],"version-history":[{"count":11,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/48962\/revisions"}],"predecessor-version":[{"id":49019,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/48962\/revisions\/49019"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/40654"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=48962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=48962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=48962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}