BizNews share shootout – Shapiro goes big on Naspers and Prosus 

Sasfin Securities’ David Shapiro sheds light on all the developments taking place across local and international markets, with a specific focus on the pressure faced by US equities at the latter end of last week. Despite international markets falling lower, the JSE has managed to climb to all-time highs, led by Rupert’s Richemont. Shapiro, who has been an advocate for technology-centric businesses for a while now, has picked index heavyweights Naspers and Prosus to outperform in 2022. Although the tech giants of the West continue to dominate, Chinese internet-based companies have had a year to forget; Chinese regulatory bodies spook investors. Much uncertainty lies ahead but the correction has gifted investors who believe in the Chinese growth story to get exposure to assets such as Naspers and Prosus at attractive valuations, given the decline.  Learn more about your ad choices. Visit megaphone.fm/adchoices