Singapore Tech Stock Rout Intensifies With $110 Billion Wipeout

Bloomberg2022-12-28

Grab, Sea shares have fallen more than 50% each this yearMSCI Singapore gauge is lagging Straits Times Index by 19 pptsInvestors betting on Singapore’s two largest internet companies are staring down ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Sky Tgr
2023-01-04
Sky Tgr
Buy up
sunshine138
2022-12-28
sunshine138
Ok
WJ77
2022-12-28
WJ77
Ok
HH浩
2022-12-28
HH浩
Wow
KukuSaguru
2022-12-28
KukuSaguru
Let it drop more N wait Q1
t1981
2022-12-28
t1981
prices still quite high for $Grab Holdings(GRAB)$ doesn't look like it is going down anytime soon

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1188391878?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-12-28 11:23","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1188391878","market":"us","top_or_hot":-1,"title":"Singapore Tech Stock Rout Intensifies With $110 Billion Wipeout","media":"Bloomberg","content":"<div>\n<p>Grab, Sea shares have fallen more than 50% each this yearMSCI Singapore gauge is lagging Straits Times Index by 19 pptsInvestors betting on Singapore’s two largest internet companies are staring down ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-12-28/singapore-tech-stock-rout-intensifies-with-110-billion-wipeout?srnd=premium-asia\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Tech Stock Rout Intensifies With $110 Billion Wipeout</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Tech Stock Rout Intensifies With $110 Billion Wipeout\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-28 11:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-12-28/singapore-tech-stock-rout-intensifies-with-110-billion-wipeout?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Grab, Sea shares have fallen more than 50% each this yearMSCI Singapore gauge is lagging Straits Times Index by 19 pptsInvestors betting on Singapore’s two largest internet companies are staring down ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-12-28/singapore-tech-stock-rout-intensifies-with-110-billion-wipeout?srnd=premium-asia\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STI.SI","symbol_name":"富时新加坡海峡指数","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2022-12-28/singapore-tech-stock-rout-intensifies-with-110-billion-wipeout?srnd=premium-asia","article_id":"1188391878","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1188391878","pubTimestamp":1672197828,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Grab, Sea shares have fallen more than 50% each this yearMSCI Singapore gauge is lagging Straits Times Index by 19 pptsInvestors betting on Singapore’s two largest internet companies are staring down ","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"STI.SI":"富时新加坡海峡指数","GRAB":"Grab Holdings","EWS":"新加坡ETF-iShares MSCI","SE":"Sea Ltd"},"translate_title":"新加坡科技股暴跌加剧，损失1100亿美元","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EWS":0.9,"GRAB":0.9,"SE":0.9,"STI.SI":0.9},"content_text":"Grab, Sea shares have fallen more than 50% each this yearMSCI Singapore gauge is lagging Straits Times Index by 19 pptsInvestors betting on Singapore’s two largest internet companies are staring down hefty losses as rising interest rates and recession risks extended a tech rout that wiped out $110 billion from their market capitalization.E-commerce platform operator Sea Ltd. plunged 78% this year while ride-hailing firm Grab Holdings Ltd. has more than halved. The two companies, both listed in New York, are the largest tech firms in Singapore by market value.They were added to the MSCI Singapore Index with much fanfare the past two years when there was still appetite for tech stocks in the region. But higher interest rates and a slowing economy could spell another challenging year ahead as investors question their ability to turn a profit.The MSCI Singapore gauge has lagged the Straits Times Index — which doesn’t count Grab and Sea as its members — by about 20 percentage points this year. The underperformance was largely due to Sea’s slide and the stock could continue to be a major driver of the dispersion between the indices next year, according to Brian Freitas, an analyst who publishes on independent research website Smartkarma.The MSCI Singapore Index is down 14% this year, with Sea holding the fourth-largest weighting at 8.4% and Grab at about 2%. In contrast, the Straits Times Index — dominated by old-economy sectors such as banks and property — is up about 5%.The outlook for the Singapore-based tech companies remains dim as worries about a recession have triggered layoffs, closures of business units and other measures to rein in expenses across the tech industry. Still, the “recent cost cutting measures should help both companies weather any storms better,” Freitas said.Investors have also punished other loss-making tech stocks in the region with Indonesia’s GoTo Group hitting record lows over the past month. Meanwhile, startups in India have slumped amid valuation concerns.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9950236727,"gmtCreate":1672761724770,"gmtModify":1676538732833,"author":{"id":"4105164288302490","authorId":"4105164288302490","name":"Sky Tgr","avatar":"https://static.itradeup.com/news/2df38375a020643507d69e511e3afc6b","vip":1,"crmLevel":3,"crmLevelSwitch":1,"idStr":"4105164288302490","authorIdStr":"4105164288302490"},"htmlText":"Buy up&nbsp;","listText":"Buy up&nbsp;","text":"Buy up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9950236727","repostId":1188391878,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9924170618,"gmtCreate":1672206504835,"gmtModify":1676538652596,"author":{"id":"3586655655659820","authorId":"3586655655659820","name":"sunshine138","avatar":"https://static.tigerbbs.com/23149c63a63bfeec1572cc27e1322750","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3586655655659820","authorIdStr":"3586655655659820"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9924170618","repostId":1188391878,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9924156109,"gmtCreate":1672203044302,"gmtModify":1676538652101,"author":{"id":"3573616695330925","authorId":"3573616695330925","name":"WJ77","avatar":"https://static.tigerbbs.com/56bf6bd5b462948ac1028ecaabdba952","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"3573616695330925","authorIdStr":"3573616695330925"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9924156109","repostId":1188391878,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9924158360,"gmtCreate":1672202892451,"gmtModify":1676538652071,"author":{"id":"3582015516749888","authorId":"3582015516749888","name":"HH浩","avatar":"https://static.tigerbbs.com/2639351c97027c6f71c4d9729ef216d8","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3582015516749888","authorIdStr":"3582015516749888"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9924158360","repostId":1188391878,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9924128774,"gmtCreate":1672201216699,"gmtModify":1676538651735,"author":{"id":"4101342491315650","authorId":"4101342491315650","name":"KukuSaguru","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4101342491315650","authorIdStr":"4101342491315650"},"htmlText":"Let it drop more N wait Q1","listText":"Let it drop more N wait Q1","text":"Let it drop more N wait Q1","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9924128774","repostId":1188391878,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9924166248,"gmtCreate":1672199458085,"gmtModify":1676538651433,"author":{"id":"4103256297788720","authorId":"4103256297788720","name":"t1981","avatar":"https://community-static.tradeup.com/news/d71717b552e4b2e35c4770b12bb6d9b0","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":0,"idStr":"4103256297788720","authorIdStr":"4103256297788720"},"htmlText":"prices still quite high for&nbsp;<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$&nbsp;</a><v-v data-views=\"1\"></v-v> doesn't look like it is going down anytime soon","listText":"prices still quite high for&nbsp;<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$&nbsp;</a><v-v data-views=\"1\"></v-v> doesn't look like it is going down anytime soon","text":"prices still quite high for $Grab Holdings(GRAB)$ doesn't look like it is going down anytime soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9924166248","repostId":1188391878,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":72,"commentSize":7,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1188391878"}