Questions Remain on Kogan's Growth Outlook -- Market Talk

Dow Jones04-26

0341 GMT - Australian online retailer Kogan's 3Q FY 2024 update is hard to reconcile with the strong outlook commentary provided at the last result, say UBS analysts in a note. Some weaknesses, as UBS sees it, include the deterioration of marketplace sales amid increased competition, while Kogan First's net member growth is continuing to slow. The investment bank says a key question for investors remains around the sustainability and growth outlook of Kogan First. UBS cuts its medium and long term forecasts for Kogan, primarily driven by lower product gross sales growth and slower Kogan First growth, and keeps its neutral call. It cuts its target price 14% to A$6.00. Kogan rises 0.4% to A$5.12. (alice.uribe@wsj.com)

(END) Dow Jones Newswires

April 25, 2024 23:41 ET (03:41 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2430297189?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-26 11:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2430297189","market":"sg","top_or_hot":-1,"title":"Questions Remain on Kogan's Growth Outlook -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0341 GMT - Australian online retailer Kogan's 3Q FY 2024 update is hard to reconcile with the strong outlook commentary provided at the last result, say UBS analysts in a note. Some weaknesses, as UBS sees it, include the deterioration of marketplace sales amid increased competition, while Kogan First's net member growth is continuing to slow. The investment bank says a key question for investors remains around the sustainability and growth outlook of Kogan First. UBS cuts its medium and long term forecasts for Kogan, primarily driven by lower product gross sales growth and slower Kogan First growth, and keeps its neutral call. It cuts its target price 14% to A$6.00. Kogan rises 0.4% to A$5.12. (alice.uribe@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 25, 2024 23:41 ET (03:41 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Questions Remain on Kogan's Growth Outlook -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nQuestions Remain on Kogan's Growth Outlook -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-26 11:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0341 GMT - Australian online retailer Kogan's 3Q FY 2024 update is hard to reconcile with the strong outlook commentary provided at the last result, say UBS analysts in a note. Some weaknesses, as UBS...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4559","symbol_name":"巴菲特持仓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2430297189","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430297189","pubTimestamp":1714102860,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0341 GMT - Australian online retailer Kogan's 3Q FY 2024 update is hard to reconcile with the strong outlook commentary provided at the last result, say UBS analysts in a note. Some weaknesses, as UBS sees it, include the deterioration of marketplace sales amid increased competition, while Kogan First's net member growth is continuing to slow. The investment bank says a key question for investors remains around the sustainability and growth outlook of Kogan First. UBS cuts its medium and long term forecasts for Kogan, primarily driven by lower product gross sales growth and slower Kogan First growth, and keeps its neutral call. It cuts its target price 14% to A$6.00. Kogan rises 0.4% to A$5.12. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4559":"巴菲特持仓","BK4585":"ETF&股票定投概念","BK7153":"综合零售","USB":"美国合众银行","KGN.AU":"KOGAN.COM LTD","BK4588":"碎股","BK4504":"桥水持仓","BK4207":"综合性银行","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","BK7049":"互联网与直销零售"},"translate_title":"科岗的增长前景仍有疑问——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KGN.AU":0.9,"USB":0.9},"content_text":"0341 GMT - Australian online retailer Kogan's 3Q FY 2024 update is hard to reconcile with the strong outlook commentary provided at the last result, say UBS analysts in a note. Some weaknesses, as UBS sees it, include the deterioration of marketplace sales amid increased competition, while Kogan First's net member growth is continuing to slow. The investment bank says a key question for investors remains around the sustainability and growth outlook of Kogan First. UBS cuts its medium and long term forecasts for Kogan, primarily driven by lower product gross sales growth and slower Kogan First growth, and keeps its neutral call. It cuts its target price 14% to A$6.00. Kogan rises 0.4% to A$5.12. (alice.uribe@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 25, 2024 23:41 ET (03:41 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430297189"}