Equity Analysis /
United States of America

Jumia: Leaked report on Amazon’s African move is positive for Jumia; Buy

  • Citron Research has speculated about what Amazon's reported move into Sub-Saharan Africa could mean for Jumia

  • Our scenario analysis indicates the US-based tech giant could well opt to buy Jumia, and most likely this year

  • We reiterate our Buy recommendation on Jumia at an unchanged target price of US$11.3, implying 86% upside

Jumia: Leaked report on Amazon’s African move is positive for Jumia; Buy
Nirgunan Tiruchelvam
Nirgunan Tiruchelvam

Head of Consumers Equity Research

Tellimer Research
5 July 2022
Published byTellimer Research

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