Assets Under Management AUM

2 high-growth ASX stocks benefiting from the e-commerce boom

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A number of ASX stocks are experiencing rapid growth due to the explosion in e-commerce that has occurred since the start of the COVID-19 pandemic.

These companies don’t expect the e-commerce boom to slow down. In fact, they expect more sales or revenue:

Goodman is one of the largest industrial property groups in the world.

It is currently viewed as a buy by a number of different analysts, including broker Morgan Stanley. This broker has a price target of $ 26.50 on the business, which suggests the broker believes they could earn almost 10% over the next 12 months.

Morgan Stanley was pleased to see that Goodman Group improved its FY22 earnings guidance following its Q1 FY22 update. Logistics facilities continue to be in demand, with particular reference to large US retailers.

Goodman says he continues to see structural changes, significant customer demand and increased use of sites in his target markets. This translates into growth in rents, an increase in development activity, stronger than expected performance of its partnerships and higher levels of profitability.

Real estate e-commerce ASX stock is expected to increase assets under management (AUM) from $ 62 billion as of September 30, 2021 to approximately $ 70 billion by June 2022, the end of fiscal 22. Assets Under Management is driven by strong revaluation gains, development completions and net acquisitions.

The COVID-related disruptions in FY22 were managed so that there was less impact on full-year projections than initially expected. Growth in operating profit per share (EPS) is now expected to exceed 15% in FY22.

Cettire is a luxury e-merchant that sells around 200,000 products from around 1,700 luxury brands. Some of the products she sells include clothes, shoes, bags and accessories.

ASX e-commerce share generates triple-digit revenue growth. In the first four months of FY22, revenue increased 172% to $ 57.8 million. The number of active Cettire customers has grown at an even faster rate – it has grown by 220% to 158,260. This growing customer base is likely to contribute to an increasing level of revenue – 40% of FY21 revenue came from loyal customers.

Despite the reopening of brick and mortar stores around the world, Cettire sales continue to grow unabated.

Cettire has invested in customer acquisition and has performed strongly, leading to an increase in October monthly traffic of 379% year over year. It is also seeing the first “very positive” signs of the migration to its proprietary storefront, with sales growth in “migrated” markets outpacing the overall growth of the company.

Exercise 21 showed that the company was already generating positive profits on certain lines of its finances. Excluding IPO fees, share-based payments and unrealized currency movements, FY21 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was $ 2.1 million and cash flows from operating cash flow of $ 12.7 million (up 131%).

ASX e-commerce action said its number one priority is to maximize the company’s global revenue potential by taking a long-term view, with continued investments in customer acquisition, technology improvements and strengthening. organizational capacities.