Earnings Report /
United States of America

Amazon.com Inc: Much more growth ahead

  • Core e-commerce business rapidly scaling up in fulfilment and logistics to further widen its moat

  • Fulfilment centre square footage is expected to jump 44%.

  • Initiate coverage with BUY recommendation and DCF target price (WACC 6.2%) of US$4,329.

Timothy Ang
Timothy Ang

Credit Research Analyst

1 October 2021
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