|Bid||89.00 x 1000|
|Ask||89.85 x 1200|
|Day's Range||85.61 - 89.94|
|52 Week Range||26.41 - 89.94|
|Beta (5Y Monthly)||1.39|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 18, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||75.85|
It's been almost 25 years since Amazon sold its first book online, and even as many have come to depend on online retailers, e-commerce still only represents 14% of retail purchases globally. In order to capitalize on this growing trend, let's look outside the U.S. to three regional specialists -- JD.Com Inc (NASDAQ: JD) in China, MercadoLibre (NASDAQ: MELI) in Latin America, and Sea Limited (NYSE: SE) in Southeast Asia -- and see why investors are excited about this international trio.
The Southeast Asian e-commerce, gaming, and digital payments company is benefiting from the strong digital economy.
Afterpay, Sea Limited, and Blue Prism might be foreign names to a lot of Americans, but these high-growth stocks are bringing products to our country right now.
Sea's (SE) first-quarter 2020 results benefit from a solid uptick in digital entertainment and e-commerce segments amid the coronavirus chaos.
What happened Shares of Sea Limited (NYSE: SE) have popped today, up by 11% as of 1:15 p.m. EDT, after the company reported first-quarter earnings. The results missed expectations, but the mobile gaming and e-commerce specialist continues to put up impressive growth figures.
Image source: The Motley Fool. Sea Limited (NYSE: SE)Q1 2020 Earnings CallMay 18, 2020, 7:30 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning and good evening.
While I'm still getting to know the company, there's enough to like that it warrants an investment by me. The "Sea" in Sea Limited comes from the company's geographical focus: Southeast Asia -- namely Singapore, Indonesia, Vietnam, Malaysia, Thailand, Taiwan, and the Philippines. Beyond that, don't try to put Sea Limited in a box.
Whenever internet commerce is mentioned, first thoughts often go to Amazon (NASDAQ: AMZN), the king of all e-commerce. Amazon is not only a great stock to own, but it's also a fearsome competitor. While it was the COVID-19 pandemic that finished that company off, it was internet retail that inflicted much of the damage that weakened it beforehand.
Sea Limited's (SE) first-quarter results are likely to reflect a strong momentum in digital entertainment and ecommerce businesses despite the coronavirus chaos.
(Bloomberg) -- Follow Bloomberg on LINE messenger for all the business news and analysis you need.Farmers in Cameron Highlands, a cradle of Malaysia’s agricultural industry, dumped hundreds of tons of produce in March after Covid-19 lockdowns shuttered wholesale markets and restaurants across the nation. They also gave Alibaba a chance to crack a difficult arena.Lazada Group SA, the Southeast Asian subsidiary of Alibaba Group Holding Ltd., opened a virtual store to link farmers and homebound Malaysians. The uptake surprised even the e-commerce giant: consumers bought an average of 1.5 tons of cabbages, carrots and spinach each day. On the fourth day, 3.5 tons of veggies were sold in less than half an hour. By the third week, about 70 tons had been delivered from farms to doorsteps across the country.Fresh groceries -- now one of the top three categories on Lazada Malaysia -- weren’t even an option there three months ago. Before the novel coronavirus, Lazada had dedicated grocery arms only in Singapore, Thailand and the Philippines; after the outbreak, it’s expanded to Malaysia, Vietnam and Indonesia. It’s keen to maintain that momentum, backed by 30 fulfillment centers across 17 cities in the region.“Covid-19 is a catalyst of digital transformation in Southeast Asia,” Lazada Group Chief Executive Officer Pierre Poignant said in an interview. “When consumers build a habit, it doesn’t easily go away. E-commerce will become a way of life.”Read more: Southeast Asia’s Internet Economy to Top $100 Billion This YearDemand for fresh groceries has surged globally, but the spike in Malaysia opened a window in particular for China’s largest online commerce company into a lucrative market after years of building one of the region’s largest delivery networks. Since March, more agricultural entrepreneurs, fisheries and local businesses have started to pivot brick-and-mortar business to e-commerce, according to Lazada Malaysia Chief Operating Officer Shah Suriye Rubhen. The festive period of Ramadan, in a country where more than half the population is Muslim, has also galvanized demand and farmers have responded by increasing their assortment of goods on offer.“Local SMEs are realizing that digitizing their business is the way forward to remain sustainable in the long-term, diversify their revenue stream, and market to the increasingly growing internet economy,” Shah said.Alibaba’s unit may have scored in Cameron Highlands, but the wider Southeast Asian market remains heavily contested.Read more: New Alibaba Chief Explains Why He Wants to Kill His Own BusinessLazada, started in 2012 by Rocket Internet before Alibaba eventually bought full control of the company, was the first e-commerce outfit to serve six countries in Southeast Asia. But its fiercest rival Shopee, a unit of Singapore’s Sea Ltd., has expanded aggressively in the past year and overtaken Lazada as the most visited website in 2019, according to research firm iPrice Group.In Indonesia, the largest and most promising market in the region, Alibaba-backed Tokopedia ranks as the top e-commerce company based on web traffic, followed by Shopee, Bukalapak and Lazada. Blibli is the online grocery leader, while “Shopee, Tokopedia and Lazada are playing fast catch-up,” said Roshan Raj, a Singapore-based partner at research firm RedSeer Consulting.It’s not just the e-commerce giants -- the resurgence in online grocery has attracted new entrants from adjacent industries. Singapore’s Qoo10 Pte was particularly swift to act when the government ordered bubble tea shops to temporarily shut along with other non-essential services, offering DIY bubble tea kits. Even meal delivery firm Foodpanda started grocery delivery.At home in Singapore, Lazada’s Lazmall, where brands sell directly to consumers, has recently attracted big names like Under Armour Inc. in Singapore and Thailand, Starbucks Corp. and 3M Co. in Indonesia and department store chain Robinsons, which is shutting one of its three Singapore outlets in August.“There are brands that I would not have imagined would come to e-commerce,” Poignant said.The 41-year-old Frenchman, a co-founder who took the helm last year, says Lazada is interested in grocery deals, including acquisitions and joint ventures, in Southeast Asia. “We are very open to that,” he said, adding the company isn’t in concrete discussions at the moment. His firm last month teamed up with Indonesia’s Rumah Sayur Group to source vegetables from 2,500 farmers in West Java.Lazada acquired Singaporean e-grocer RedMart in 2016. It struggled to meet demand and had to temporarily suspend new grocery orders in April to make adjustments. Poignant said changes made to RedMart helped the company serve 50% more customers each day a month later.“Southeast Asia’s e-commerce market is likely to move from a subsidy game to a quality game,” said Lai Chang Wen, CEO of Singapore-based Ninja Van, which helps e-commerce clients deliver more than a million packages daily in the region. “This shift will be pivotal and have a lasting impact.”Read more: Alibaba Bets on Frenchman to Lead High-Stakes Southeast Asia ExpansionPoignant argues Alibaba’s technologies will help differentiate Lazada, starting with live-streaming. He said Lazada is the only player in Southeast Asia that allows consumers to immediately buy items they see on a stream. By the end of June, Lazada plans to host more than 1,000 daily sessions, up from 4,000 per week now. In April, some 7,000 new live stream accounts were created, up 70% from the pre-pandemic era.Alibaba’s artificial intelligence technology is another asset. Lazada has more than 100 people working on personalizing its experience, part of Lazada’s 9,000-strong workforce across six countries.For the Chinese e-commerce behemoth, Lazada is the single most important piece of its globalization strategy. It aims to serve 300 million Southeast Asians by 2030, up from 65 million now, according to Poignant.Underscoring that ambition, Alibaba last week struck a deal to buy half of Singapore’s AXA Tower, valued at S$1.68 billion ($1.2 billion). Poignant says the 50-story landmark, already home to 3,000 Lazada staff, has very good feng shui. The cylindrical structure was inspired by a stack of coins and originally built as the country’s Treasury Building in 1986. Prime Minister Lee Hsien Loong once had an office in the building, Poignant added.“Southeast Asia is an absolutely critical market for Alibaba,” he said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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In the latest trading session, Sea Limited Sponsored ADR (SE) closed at $62.91, marking a +0.67% move from the previous day.
Sea Limited (NYSE: SE) ("Sea" or the "Company") plans to announce its first quarter 2020 results before the U.S. market opens on May 18, 2020, U.S. Eastern Time.
AT 9:45 AM ET (1345 GMT), Crude Oil WTI futures traded 3.6% lower at $12.32 a barrel, while the international benchmark Brent contract rose 0.9% to $23.27. Overnight, the United States Oil Fund (NYSE:USO), an ETF that accounts for a large block of exposure in WTI futures, said it would sell off all its contracts for June delivery, replacing them with longer-term contracts. According to a notice by the company seen by Bloomberg, "this unscheduled roll is being implemented based on the potential for the June 2020 WTI crude oil contract to price at or below zero as well as the steady decline in open interest for the June 2020 contract.”
(Bloomberg) -- Singapore financial-technology firm MatchMove has teamed up with homegrown finance company Singapura Finance Ltd. and two others to apply for a digital banking license in the city-state.The MatchMove-led consortium is the latest group to announce it’s submitted an application for a digital full banking license to the Monetary Authority of Singapore. That sets the firm against heavyweights including Sea Ltd., which is backed by Tencent Holdings Ltd., and the Grab Holdings Inc.-Singapore Telecommunications Ltd. consortium.Efforts to open up the Singapore banking industry to technology companies come on the heels of a similar move in Hong Kong, where units of Ant Financial and other Chinese firms including Tencent obtained licenses.Singapore plans to issue as many as two digital full-bank licenses, which will enable successful applicants to serve retail as well as corporate clients. Candidates will need to meet requirements including paid-up capital of S$1.5 billion ($1 billion), and winners are scheduled to be decided in the middle of the year.According to Chief Executive Officer Shailesh Naik, MatchMove stands out because of its experience building bank-like capabilities for corporate clients in industries ranging from agriculture to shipping and aviation. For example, it works with Singapore shipping company Marine Innovation to make it easier for its sailors to send money home.“In many ways, we are already acting like a digital bank,” Naik, who is also the founder, said in an interview. “We want to leverage our existing capabilities to reach underserved segments” like small companies and gig-economy workers, he added.The other consortium partners are Lightnet, a Bangkok-based blockchain venture, and London-based fintech startup OpenPayd. Lightnet was co-founded by Chatchaval Jiaravanon, whose family runs the Charoen Pokphand Group, one of Thailand’s largest conglomerates.Payments PivotNaik founded MatchMove with Leow Hsueh Huah in 2009 as a games and entertainment business that gives joy to consumers. It pivoted into a payments company in 2016, operating a digital wallet that allows businesses to make payments online and offline via prepaid cards. Valued at $305 million, the company now has 70 corporate clients and the CEO expects to have access to 1 million people in Singapore through partners by the end of the year.Singapura Finance, which holds about 1.6% of MatchMove shares, provides loans to individuals and companies, along with deposit services.Other backers of MatchMove include Vickers Venture Partners and NTT Docomo Ventures Inc. Separately, Naik said his company is currently raising $150 million for expansion into new markets including Europe.“We started out with a simple idea of giving a few minutes of fun every day with endorphin content,” Naik said. “We later realized that even for a few minutes of entertainment, people were having difficulty making payments because they didn’t have bank accounts. So we broadened the service.”(Updates with fundraising plans and other details from eighth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But one can do...
Sea Limited (NYSE: SE) ("Sea" or the "Company") today announced its financial results for the fourth quarter and full year ended December 31, 2019.
(Bloomberg) -- “Sonic the Hedgehog 3” had just been released and Keanu Reeves was about to hit the big screen in “Speed” when Marcin Iwinski and high school pal Michal Kicinski launched their video-game company.It was May 1994 and the CD-ROM was still in vogue, so they called their venture CD Projekt and set out to distribute games for the Polish market. They struck deals with developers including Activision and Acclaim Entertainment, translating dialog, instructions and packaging into their native language.A quarter-century later, at Microsoft Corp.’s 2019 Xbox conference in Los Angeles, Reeves shocked the video-game world, appearing onstage to present a demo of CD Projekt’s “Cyberpunk 2077” -- a futuristic, role-playing game in which he’ll appear.Shares of Warsaw-based CD Projekt have surged 43% since the Xbox event in June and more than 1,800% in the past five years, the best performance by far in Poland’s WIG20 Index, putting Iwinski, the 45-year-old co-chief executive officer, on the cusp of becoming a billionaire. He owns 12.6% of the outstanding stock, giving him a net worth of $992 million. Kicinski, who left the company several years ago, has a 10.9% stake worth $847 million.Both could soon join the rapidly growing ranks of video-game billionaires including Sea Ltd. co-founder Gang Ye, who crossed the threshold in November after the Singapore-based company reported that quarterly revenue tripled, as well as Epic Games Inc. founder Tim Sweeney, who brought “Fortnite” to the masses.See also: Fortnite billionaire pledges $100 million for game developersIn its infancy, CD Projekt struggled to make money distributing legal copies of games because Poles preferred to buy cheaper pirated versions on the black market. So Iwinski and Kicinski expanded into e-commerce sales and programming and established the CD Projekt RED gaming studio.In 2007, it introduced “Witcher” -- based on Andrzej Sapkowski’s fantasy novels -- and turned it into a series of games that draws from Slavic mythology and features a lone medieval warrior, surrounded by strong female characters, battling supernatural beasts. The most recent version, “Witcher 3,” sold tens of millions of copies and brought the studio global acclaim. Netflix recently launched “The Witcher” TV series, and its popularity could further boost game sales.What Our Analysts Say:“CD Projekt is expanding its online game-distribution business and increasing free-to-play titles ahead of promising new releases that will drive EPS growth in 2020 and beyond. Poland’s largest video-game maker is investing in a new first-person, role-playing game, Cyberpunk 2077, that should exceed the lofty heights achieved with Witcher 3.”Matthew Kanterman, Bloomberg IntelligenceSince the launch of ‘Witcher 3’ in 2015, the developer hasn’t released any major game that could drive new sales apart from add-ons or spinoffs from the existing franchise. In contrast with the industry’s giants which have diversified portfolios and a steady stream of new releases, CD Projekt is betting big on a single title.Cyberpunk’s highly anticipated April debut was pushed back to September for its 400 programmers and designers to “test, bug-fix and polish” the company’s next flagship product, according to a Jan. 16 regulatory filing that caused a fleeting drop in CD Projekt’s stock.Cyberpunk is intended to be one of the most technologically advanced productions for current gaming consoles.Ken Rumph, an analyst at Jefferies Financial Group Inc., has said the delay probably won’t inflict lasting damage on the company’s fortunes.“I don’t think it stops Cyberpunk from being the hit of the year,” he told Bloomberg last month.To contact the reporters on this story: Alex Sazonov in Moscow at email@example.com;Konrad Krasuski in Warsaw at firstname.lastname@example.orgTo contact the editors responsible for this story: Pierre Paulden at email@example.com, Peter Eichenbaum, David ScheerFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Sea Limited Sponsored ADR (SE) closed at $45.72 in the latest trading session, marking a -0.2% move from the prior day.