IPO and L/S equity, 2015 Starmine top stock picker, Global Equity Research Ltd

Rickin Thakrar

14 years of experience in global investment research and trading. In relation to research, we focus on IPO, Event-driven and large-cap non-consensual ideas. In relation to trading, we focus on generating positive index-adjusted returns and have had several top-decile or top-quartile performances over the past three years. In terms of background, I have worked at several sell-side firms (JP, Redburn, Haitong, Mainfirst), won Starmine as top stock picker in European Food Retail in 2015 and have been voted top one to top-five by institutions and hedge funds.

IPO and L/S equity, 2015 Starmine top stock picker

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Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Bottom-Up

In this note, we look at the potential acquisition opportunities for Amazon. We believe Amazon is likely to make further purchases on top of the $16bn in acquisition spend in 2017 as it seeks to expand its global footprint. We highlight three points:<ol class=""><li>We believe Amazon is interested in offline grocery partners and online marketplaces as reflected in its 2017 acquisition of Whole Foods and Souq.com – a middle-eastern Amazon equivalent.</li><li>Our research suggests that Amazon’s expansion/acquisitions are linked to urbanization trends and specifically, Amazon may be looking for companies with low leverage with an option to reduce its last mile costs through multi-channel delivery and capitalize on the stickiness of consumer preference towards offline grocery.</li><li>Our research shows that Amazon’s best markets for acquisition/expansion are Australia, Singapore, South Korea, Japan, the UK and France that would most complement Amazon’s high-density delivery model, and as reflected in Amazon’s recent expansion plans. We are less optimistic about expansion prospects in China, India and Thailand.</li></ol>The listed companies we believe are potential targets for Amazon are listed below the fold.

In this note, we look at the potential acquisition opportunities for Amazon. We believe Amazon is likely to make further purchases on top of the $16bn in acquisition spend in 2017 as it seeks to expand its global footprint. We highlight three points:We believe Amazon is interested in offline grocery partners and online marketplaces as reflected in its 2017 acquisition of Whole Foods and Souq.com – a middle-eastern Amazon equivalent.Our research suggests that Amazon’s expansion/acquisitions are linked to urbanization trends and specifically, Amazon may be looking for companies with low leverage with an option to reduce its last mile costs through multi-channel delivery and capitalize on the stickiness of consumer preference towards offline grocery.Our research shows that Amazon’s best markets for acquisition/expansion are Australia, Singapore, South Korea, Japan, the UK and France that would most complement Amazon’s high-density delivery model, and as reflected in Amazon’s recent expansion plans. We are less optimistic about expansion prospects in China, India and Thailand.The listed companies we believe are potential targets for Amazon are listed below the fold.

Amazon は次に何を買収するのでしょうか? オーストラリア/アジアの何か?