Hey Guys,
I want to remind you of a company that I think has some potential and that I’ve written about before. As the Russian stock market takes a beating due to geopolitical concerns and the likes of Shopify plummet, there’s another E-commerce platform that is quite interesting and many westers remain unaware of.
Here I’m talking about Ozon holding, ticker $OZON. It has a market cap of around $4.5 Billion and I believe it’s nearing fair value.
Ozon is a Russian E-commerce giant but it’s also getting into FinTech. It’s approaching $2 billion in revenue. Headquartered in Moscow and one of Russia’s biggest technology firms, the company intends to apply for a banking license, in hopes of extending smaller businesses an easy way to tap affordable FinTech services.
It’s down 71% in the last year. For further analysis the rest of this article appears for Premium subscribers. Thanks for reading!
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