$ozon - russian ecommerce play
Updated
I am long term bullish on this stock, I have done my research on the company and also familiar with the company from personal experience. I expect some downside this being a fresh IPO , but I personally added this one to my longterm portfolio during aftermarket sell off. I will start building position slowly and buying on any downside/sell offs/profit taking. Check out my other picks that I posted in here and compare them to current prices. Tweeter feed in profile used to updates and entry points on stocks mentioned here and my entire portfolio .
This is long term play , so I am not to worried about downside that comes with fresh IPOs.
Quick highlights:
Financials: Ozon saw gross merchandise value increase 93% year-over-year in 2019. GMV increased 142% year-over-year for the first nine months in 2020.
The 142% increase in GMV for 2020 grew three times faster than the overall e-commerce market for Russia.
Revenue grew from 37.2 million Russian Rubles in 2018 to 60.1 million in 2019. The first nine months of 2020 saw the company hit 66.6 million Russia Rubles compared to 39.2 million in the prior year’s comparative period.
Trade carefully, not a trading advise .
This is long term play , so I am not to worried about downside that comes with fresh IPOs.
Quick highlights:
Financials: Ozon saw gross merchandise value increase 93% year-over-year in 2019. GMV increased 142% year-over-year for the first nine months in 2020.
The 142% increase in GMV for 2020 grew three times faster than the overall e-commerce market for Russia.
Revenue grew from 37.2 million Russian Rubles in 2018 to 60.1 million in 2019. The first nine months of 2020 saw the company hit 66.6 million Russia Rubles compared to 39.2 million in the prior year’s comparative period.
Trade carefully, not a trading advise .
Note
OZON grew their alex traffic rank this past few month. With covid recovery and travel rebound , nobody talk about ozons online ticket sales app, that's pretty popular in Russia. Institutions started buying in, about 8 stakes so far, Blackrock being one of them
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