Prosus (PROSY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Prosus CEO Fabricio Bloisi says the tech investor has $20 billion in cash to invest and plans to focus on opportunities in Europe, India, Latin America and Africa. Speaking on Bloomberg Television at the World Economic Forum's annual meeting in Davos, Switzerland, he also says the US approach to artificial intelligence is a "great wakeup call" for Europe.
Fabricio Bloisi, CEO of Prosus, urges Europe to change its mindset over artificial intelligence investments which are slowed down by bureauocracy and regulations.
Fabricio Bloisi, CEO of Prosus, discusses earnings and his expectations for public listings in India.
Prosus N.V. (OTCPK:PROSY) Q2 2025 Earnings Conference Call December 2, 2024 10:00 AM ET Company Participants Fabricio Bloisi - Group Chief Executive Officer and Executive Director Eoin Ryan - Head, Investor Relations Ervin Tu - Group President and Chief Investment Officer Nico Marais - Interim Chief Financial Officer Conference Call Participants William Packer - BNP Andrew Ross - Barclays Cesar Tiron - Bank of America Monique Pollard - Citi Joseph Barnet-Lamb - UBS Marcus Diebel - J.P.
Prosus anticipates as many as five potential IPOs from its Indian portfolio over the next 18 months, signalling growing momentum in the world's second-largest internet market.
As Prosus sees a $2 billion gain with Swiggy's India trading debut, Prosus Group CFO Ervin Tu says the potential business impact is still to be determined under a second Trump administration. He speaks on "Bloomberg Technology.
Dutch technology investor Prosus hopes to list Indian digital payments and lending firm PayU next year, its chief investment officer said on Wednesday, after clocking a $2 billion gain on its investment in another local firm Swiggy.
Here is how Prosus N.V. Sponsored ADR (PROSY) and Itochu Corp. (ITOCY) have performed compared to their sector so far this year.
Dutch technology investor Prosus NV expects adjusted profit at its e-commerce business to surge to $400 million this fiscal year and expects more of its Indian businesses to list following Swiggy's IPO, Chief Executive Fabricio Bloisi said on Monday.
Does Prosus N.V. Sponsored ADR (PROSY) have what it takes to be a top stock pick for momentum investors?
Prosus (PROSY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.