Insiders at Remitly Global may believe shares are overpriced, despite significant insider ownership aligning management's interests with shareholders. Despite recent sales, insiders seem optimistic about the company's future.
BMO Capital Markets analyst Rufus Hone upgraded the stock to Outperform from Market Perform and increased his price target to $28 from $24. William Blair analysts also rate shares at Outperform, stating that Remitly is still in the early stages of a long-term high-growth story.
There's a noted confidence in the company's future despite ongoing losses, indicated by recent insider purchase and transactions. High insider ownership may suggest management is acting in shareholders' best interest.
There's been a surge of interest in BNPL services in China over the last decade, said Kapil Tuli, marketing professor at the Singapore Management University's (SMU) Lee Kong Chian School of Business. Buy now pay later services are a form of payment where consumers make purchases and pay them off over a period of time in several instalments, often interest-free. While BNPL is typically interest-free, some providers charge high late payment fees. A few factors are fueling the "perfect storm" for the growing trend, according to Tuli. They include unprecedented low interest rates, the rise of online payment through "super apps" like Alipay and WeChat and extremely well-funded fintech start-ups eager to acquire new customers. In addition, China's cashless society, huge e-commerce market and mobile and online shopping have become a ubiquitous to life in China, said Boh Wai Fong, deputy dean of Nanyang Business School at Nanyang Technological University in Singapore. The Chinese BNPL sector emerged as one of the fastest growing markets in Asia-Pacific region, according to a survey by research and consulting firm PayNXT360. According to the Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 51.3% on an annual basis, and could reach $82.78 billion in 2021. $Remitly Global(RELY.US)$$Grab Holdings(GRAB.US)$
Remitly Global股票討論區
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China's buy now pay later market is growing — but challenges remain, experts say
Buy now pay later services are a form of payment where consumers make purchases and pay them off over a period of time in several instalments, often interest-free. While BNPL is typically interest-free, some providers charge high late payment fees.
A few factors are fueling the "perfect storm" for the growing trend, according to Tuli. They include unprecedented low interest rates, the rise of online payment through "super apps" like Alipay and WeChat and extremely well-funded fintech start-ups eager to acquire new customers.
In addition, China's cashless society, huge e-commerce market and mobile and online shopping have become a ubiquitous to life in China, said Boh Wai Fong, deputy dean of Nanyang Business School at Nanyang Technological University in Singapore.
The Chinese BNPL sector emerged as one of the fastest growing markets in Asia-Pacific region, according to a survey by research and consulting firm PayNXT360.
According to the Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 51.3% on an annual basis, and could reach $82.78 billion in 2021.
$Remitly Global(RELY.US)$$Grab Holdings(GRAB.US)$
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