Analyst Explains Why He’s Buying This Asian Stock With ‘Neat Story’

We recently published Top Analyst Calls: 8 Stocks to Buy and Sell. Coupang, Inc. (NYSE:CPNG) is one of the top analyst calls.

Kevin Simpson, Capital Wealth Planning founder and CIO, said in a recent program on CNBC that he’s buying Coupang. Here is why:

“The theme that you’re going to hear today is I’m bringing a lot of names to the table that we really don’t talk about on the show. Coupang Inc (NYSE:CPNG) is an Asian online retailer. They’re expanding into lots of different areas within a super app. Think of it more South Korea predominantly, but expanding into Taiwan. We paid $32 last week. It’s $32 today. Really growing margins and just a neat story.”

Baron Fifth Avenue Growth Fund stated the following regarding Coupang, Inc. (NYSE:CPNG) in its Q4 2024 investor letter:

“Shares of Coupang, Inc. (NYSE:CPNG), Korea’s largest e-commerce platform, corrected 10.5% in the fourth quarter (even though they finished 2024 up 33.9%). While the company delivered solid quarterly results with 27% year-on-year revenue growth with Farfetch and other initiative losses narrowing significantly, its product commerce EBITDA margin missed expectations due to a temporarily elevated spending on technology and automation. Sluggish domestic consumption in Korea, with the e-commerce market experiencing flattish to negative growth, and political uncertainty stemming from President Yoon’s declaration of martial law and subsequent impeachment, further weighed on the stock. Despite these short-term challenges, we maintain a positive outlook on Coupang’s long-term market share expansion and margin growth trajectory, and view Coupang as one of the most competitively advantaged e-commerce businesses globally, with significant runway for both revenue and earnings growth.”

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Disclosure: None. This article is originally published at Insider Monkey.