| WEEKLY UPDATE Dear Leah, Last week was a bumpy one for Coupang Inc. (CPNG) – my newest stock recommendation to the Fry’s Investment Report portfolio. The Korea Fair Trade Commission (KFTC) fined the e-commerce firm $102 million for allegedly altering its search algorithm to favor in-house products. The KFTC claimed that at least 64,250 private-label and directly sold products continuously appeared at the top of search results between 2019 and 2023. (In-house products made up 70% of Coupang’s sales in 2023.) Shares of Coupang dropped as much as 10% following the news before partially recovering. However, we see future regulatory risks to the “Amazon of Korea” as relatively limited. While the stock has already recovered half of its losses since last week’s selloff, I believe it is worthwhile to recall my thesis for buying Coupang. So, in today’s Fry Investment Report weekly update, Thomas Yeung will revisit our case for the “Amazon of Korea”... Click here or the button below to read the update. Weekly Update
Regards, |
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| Eric Fry
Editor, Fry's Investment Report |
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