RKUNY - Rakuten: Reasons To Be Optimistic
2024-02-09 02:35:58 ET
Summary
- The quintessential Japanese tech titan can make a comeback.
- The topline is growing, and losses are narrowing.
- An undervalued turnaround prospect.
Operating the third biggest ecommerce marketplace in the world with 1.7b members, Rakuten Group (RKUNY) (TSE:4755) is a quiet giant. Practically everyone in Japan, the third most populous country in Asia Pacific with 128m people, is a Rakuten customer. And not just in ecommerce. Its fintech offerings are immensely popular; advertising and digital content also do well for themselves....
Rakuten: Reasons To Be Optimistic