Business
2 rapidly growing ASX ecommerce shares to buy
With the pandemic accelerating the shift to online shopping by as much as five years, ecommerce companies appear very well-placed for growth in the coming years.
But how should investors gain exposure to this trend? Two ecommerce companies that are rated as buys are listed below:
One of Australia’s fastest growing ecommerce companies is Kogan. After a stellar performance in FY 2020, Kogan’s strong form has continued in the current financial year.
During the first four months of FY 2021, Kogan’s sales were up 99.8% on the prior corresponding period. Things were even better for its earnings thanks to margin improvements. The company’s operating earnings grew a massive 268.8% over the same period last year.
Since then, the…
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