JSE heavyweights Naspers and Prosus have had a good week so far, with both rising about 2% yesterday. That may be partly due to last week's listing of TikTok rival Kuaishou Technology on the Hong Kong Stock Exchange. Kuaishou's shares nearly tripled on their first day of trading. And Tencent, which dominates the value of Naspers and Prosus, owns a significant stake in the short video social platform.

It's the subject of Ingham Analytics' latest Searchlight "Kuaishou bounce". More details in today's newsletter and down below.

Meanwhile, Gold Fields had a little bounce of its own after it told shareholders to expect a sharp rise in full-year earnings, courtesy of the higher gold price and an improvement in fourth-quarter production.

Orion Minerals' shares also rose after a due diligence helped confirm a large copper resource at Okiep in the Northern Cape as the company makes plans to expand its developments in the province.

Also today, the Industrial Development Corporation has given MC Mining more time to repay a loan. And Schroder European Real Estate says its distributions shouldn't be too affected after an anchor tenant at its Metromar shopping centre in Spain gave notice to terminate its lease.

I hope you have a good day.

Stephen Gunnion

Managing Editor, InceConnect

The latest from Ingham Analytics

In "Kuaishou bounce" Ingham Analytics assess Kuaishou Technology, the startup with a TikTok-style video app, that listed in Hong Kong last Friday. Pre-listing, Tencent entities owned 21.567% of the issued shares. What to expect from Tencent for the next set of results? Has the Prosus discount narrowed or widened? Is there value to be had in Tencent or has it run too far? Also, check out "Stop the Game - I want to get off" which examines the GameStop saga.