【餐饮外卖-研报】J.P.摩根-全球食品行业-食品外卖:深入亚洲市场这日益成为投资者关注的焦点_市.docx
《【餐饮外卖-研报】J.P.摩根-全球食品行业-食品外卖:深入亚洲市场这日益成为投资者关注的焦点_市.docx》由会员分享,可在线阅读,更多相关《【餐饮外卖-研报】J.P.摩根-全球食品行业-食品外卖:深入亚洲市场这日益成为投资者关注的焦点_市.docx(53页珍藏版)》请在第一文库网上搜索。
1、Global Equity Research22 September 2021JPMorganMarcus Diebel(44 20) 7742-4447marcus.diebelExecutivesummaryTableofContentsKoreaTaiwan-thelargestmarketforDeliveryHeroinAsiaexLeadingpositioninanoligopolymarket,butsmallerplayersarewell-funded7Risingimportanceofcitiesex-Taipei/NewTaipei8Subscriptionmodel
2、sarerisingsharplyinthemarketwithpositiveeffectsonuniteconomics10TheopportunityinGrocery/RetailpartnershipinTaiwanmayprovebiggerthanweinitiallyexpected1124HPandamart,leadingdarkstoreplayer,competitivepricing12Pandago,fillinginlastmiledeliverywithon-demandlogisticsservice16Regulationriskisunlikelytobe
3、akeyconcerninthemarket16HongKong-afast-growingattractivemarketforDeliverooandehveryHer17Oligopolymarketwithc.95%ownedbytwoplayers18Attractiveeconomics-highorderfrequencycombinedwithhighaverageordervalue20Uniteconomicsalsobenefitfromsubscriptionmodels21DeliverooEditions-rampingupquicklyinKowloonandNe
4、wTerritories21GroceryandRetailofferingswellpositionedtobenefitfromthewidereCommercetailwind23CompetitionispresentinOnlineGrocery,butverylimitedwithinon-demand,whichwebelieveisakeydifferentiatorforDeliverooandFoodpanda24GrocerypricingattractiveonDeliverooandPandamartevenwithoutspeedandconvenienceadva
5、ntages24Regulationrisknotakeyconcernforusinthismarket28SoutheastAsia-ongoingdigitaldisruptionwithamplegrowthopportunities29Malaysia-largestmarketbyGMVinASEANforDeliveryHero30Thailand-secondlargestmarketbyGMVinASEANforDeliveryHeroandthefocusnowisBangkok31Philippines-thirdlargestmarketbyGMVinASEANforD
6、eliveryHero33Singapore-anattractiveurbanmarketforDeliverooandDeliveryHero35Vietnam-arathernewmarketforDeliveryHero36Onlinegroceriespresentmajorgrowthopportunityforonlineplatforms37020integrationandpartnershipshavebeengrowinginASEANandarelikelytodeepen39SouthKorea-largestsingle-marketforDeliveryHero4
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- 餐饮外卖-研报 餐饮 外卖 摩根 全球 食品行业 食品 深入 亚洲 市场 日益 成为 投资者 关注 焦点
链接地址:https://www.001doc.com/doc/73872.html