Ocado has on-boarded Aeon, one of the largest retailers in Japan, under its Solutions business. The deal is not only a pleasant surprise (marks its entry into Asia) but is also valuation accretive. With the UK-based company’s plate (order book) looking quite full, the focus now shifts towards management’s success in implementation. We will increase our estimates upwards and maintain a positive stance on Ocado’s strong business model.
02 Dec 2019
Ocado enters the Land of the Rising Sun
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Ocado enters the Land of the Rising Sun
Ocado Group PLC (OCDO:LON) | 345 -16.2 (-1.3%) | Mkt Cap: 2,865m
- Published:
02 Dec 2019 -
Author:
Nishant Choudhary -
Pages:
4
Ocado has on-boarded Aeon, one of the largest retailers in Japan, under its Solutions business. The deal is not only a pleasant surprise (marks its entry into Asia) but is also valuation accretive. With the UK-based company’s plate (order book) looking quite full, the focus now shifts towards management’s success in implementation. We will increase our estimates upwards and maintain a positive stance on Ocado’s strong business model.