MATTHEW MCEACHRAN | SINGER CAPITAL MARKETS
Asos is a top five most visited fashion website in the world. Coupled with further development of the offer, higher margin guidance, and strengthening demand in certain international markets, it is no wonder that confidence is high about delivery of full year market expecations. Buy.
WAYNE BROWN | COLLINS STEWART
The group continues to invest in its international platform having launched three new country sites over the period, introduced a new returns hub in Sydney and improved delivery time to the US by two days. The shares are expensive on conventional metrics but underpinned by high growth rates.
KEITH BOWMAN | HARGREAVES LANSDOWN
Once again, Asos has posted enviable results. Stellar international sales have been reported, admittedly from a low starting base, whilst management continues to target major prizes such as China and Brazil. Consensus opinion appears to suggest that the shares are a strong hold.