TJX Has Carved Out a Durable Edge Due to Its Unique Procurement Model and Supply Chain Scale
With a nascent presence internationally, we think further expansion of the off-price apparel and accessory industry abroad provides TJX with a robust growth runway. We believe TJX Companies boasts an ...
Transferring Meituan Coverage; Initiating With a Narrow Moat and Valuation of HKD 181 per Share
We think Meituan has a sound balance sheet, with CNY 96 billion in net cash as of the third quarter of 2024. We anticipate Meituan to remain in a net cash position over the next decade. Meituan turned ...
Why E-Commerce Companies Should Focus On Improving Their Last-Mile Delivery Experiences
Consumers have more choices than ever when it comes to online shopping. Providing seamless last-mile delivery experiences to ...