Prosus wants to become the world’s fourth-largest food delivery platform globally, but does that ambition really matter when around 80% of its NAV (net asset value) is tied to Tencent?
In this episode of Ask an Analyst, Nadim Mohamed, Head Non-consumer Industrials Research, TMT Analyst, SBG Securities, explains why food delivery could be far more important to Prosus’s valuation than many investors think.
In this video, Nadim unpacks:
- Why food delivery’s pandemic boom-and-bust has given way to global consolidation.
- Why sub-20-minute delivery networks are incredibly valuable logistics assets.
- How food delivery can evolve into a broader quick-commerce and fintech ecosystem.
- Why scaling these “rump assets” could meaningfully reduce Prosus’s discount to NAV.
Key takeaway: While Tencent dominates Prosus’s NAV today, food delivery represents a strategic leverage point that could unlock value if scaled profitably and rapidly.
Watch now for expert insights into Prosus, platform strategy, and valuation.
The views and opinions shared are for informational purposes only. They are not intended to serve as investment advice and do not represent the views or opinions of Standard Bank. This information should be used as a starting point for generating investment ideas, and should not be relied upon as the basis for making investment decisions. The Standard Bank of South Africa Limited will not be responsible for the results of any investment decisions made based on the views provided.
