Yujin: “Amazon, Bezos to retire to see new changes in the second half”

Input 2021.02.04 08:54

Eugene Investment & Securities decided on the 4th that it was necessary to watch the changes in Amazon that will begin in the second half of this year. Earlier, founder Jeff Bezos mentioned that he will step down from the CEO to chairman of the board in the third quarter. We did not present a separate investment opinion and target price.

Young-hoon Joo, a researcher at Eugene Securities, said in the report, “The next representative is Andy Jassie, who is currently the representative of Amazon Web Services (AWS).” It seems to be stepping on a train that has been retired to the line.”

He said, “As the Amazon ecosystem system is solidly established, even if Bezos withdraws from the first management line, there will not be a major crisis.” . Bezos announced that he will devote more time to other tasks such as space exploration company Space Origin, newspaper publisher Washington Post, and charity work.

However, it is a position that we must watch the new changes in Amazon starting in the second half of the year. Researcher Joo said, “Last year is a historic year for Amazon.” “The growth rate of sales in North America and overseas has nearly doubled compared to 2019.” “Operating profit increased by 57.5% in one year.”

He continued, “The first quarter sales and operating profit were presented at a level of 28-38% and negative (-) 25-63%, respectively, compared to the same period of the previous year.” ) Considering that the top was $4.5 billion, it is highly likely to exceed the guidance this time.”

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