2nd Emergency Means New Opportunities for Supermarkets
Japanese supermarkets suffered from genteel decline in the decade to 2020. And then Covid-19 forced everyone home, resulting in a propensity to...
205 Views
Coupang - Valuation Analysis
Our base case valuation of Coupang is EV of $55.6 billion and implied market cap of $60.1 billion. We have used EV/GP as our primary method of...
452 Views
Coupang Pre-IPO - The Negatives - Horrendous Data Disclosures, Including No Mention of OTT Launch
Coupang (CPNG US) , the largest product e-commerce player in Korea, aims to raise around US$3bn in its US listing via a mix of selling primary and...
380 Views
Coupang IPO: Valuation First Look
Coupang is seeking a $50 billion valuation, according to Reuters. Overall, based on our valuation analysis, we think that the rumoured IPO...
329 Views
Rakuten Q4 20 Results: Mobile Losses Accelerate as Cash Requirements Become Clear
For Q4, Rakuten eCommerce gains have been overshadowed by cash burn in mobile. Unfortunately, guidance calls for more losses in FY21 and higher...
379 Views