Singapore’s Sea Tops Estimates as Online Shoppers Boost Spending

Bloomberg05-14

Southeast Asia e-commerce leader faces tough competitionTikTok, Temu, Alibaba all seek bigger slice of region’s marketSea Ltd. reported first-quarter earnings that exceeded analysts’ estimates, a sign...

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

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2435596557?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-14 23:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2435596557","market":"us","top_or_hot":-1,"title":"Singapore’s Sea Tops Estimates as Online Shoppers Boost Spending","media":"Bloomberg","content":"<div>\n<p>Southeast Asia e-commerce leader faces tough competitionTikTok, Temu, Alibaba all seek bigger slice of region’s marketSea Ltd. reported first-quarter earnings that exceeded analysts’ estimates, a sign...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-05-14/singapore-s-sea-tops-estimates-as-online-shoppers-boost-spending\">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’s Sea Tops Estimates as Online Shoppers Boost Spending</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’s Sea Tops Estimates as Online Shoppers Boost Spending\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-14 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-05-14/singapore-s-sea-tops-estimates-as-online-shoppers-boost-spending><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Southeast Asia e-commerce leader faces tough competitionTikTok, Temu, Alibaba all seek bigger slice of region’s marketSea Ltd. reported first-quarter earnings that exceeded analysts’ estimates, a sign...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-05-14/singapore-s-sea-tops-estimates-as-online-shoppers-boost-spending\">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":"SG9999013486.USD","symbol_name":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2024-05-14/singapore-s-sea-tops-estimates-as-online-shoppers-boost-spending","article_id":"2435596557","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2435596557","pubTimestamp":1715699700,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Southeast Asia e-commerce leader faces tough competitionTikTok, Temu, Alibaba all seek bigger slice of region’s marketSea Ltd. reported first-quarter earnings that exceeded analysts’ estimates, a sign","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","BK4503":"景林资产持仓","LU0048573645.USD":"富达东盟基金","LU0251143029.SGD":"Fidelity ASEAN A-SGD","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD","BK4551":"寇图资本持仓","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","BK4581":"高盛持仓","BK4085":"互动家庭娱乐","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD","BK4548":"巴美列捷福持仓","SG9999002620.SGD":"LionGlobal South East Asia SGD","SG9999002406.SGD":"利安新加坡信托基金","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","BK4554":"元宇宙及AR概念","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","BK4585":"ETF&股票定投概念","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","SG9999013478.USD":"利安新加坡股息基金","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","BK4566":"资本集团","BK4588":"碎股","SE":"Sea Ltd","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","BK4535":"淡马锡持仓","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","SG9999001135.SGD":"United ASEAN Fund SGD"},"translate_title":"新加坡海面估计网购者增加消费","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SE":1},"content_text":"Southeast Asia e-commerce leader faces tough competitionTikTok, Temu, Alibaba all seek bigger slice of region’s marketSea Ltd. reported first-quarter earnings that exceeded analysts’ estimates, a sign that the Southeast Asia e-commerce leader is managing to navigate fierce competition from the likes of ByteDance Ltd.’s TikTok.The shares jumped 5.1% in morning trading.Adjusted earnings before interest, taxes, depreciation and amortization were $401 million, the company said Tuesday. While that’s a 21% decline from a year earlier, it topped the $222 million analysts expected on average. Sales also beat estimates, and the net loss of $23.7 million was narrower than analysts predicted.Sea is fighting to maintain its dominance in Southeast Asia’s e-commerce arena as competition from deep-pocketed rivals such as TikTok and Alibaba Group Holding Ltd.’s Lazada heats up. Newer entrants like Shein and PDD Holdings Inc.’s Temu are also gaining users in the region of about 675 million people, where more shoppers are moving online.The results are set to give confidence to investors focused on assessing if Sea can sustain double-digit growth rates while improving its bottom line. Its shares have advanced more than 80% from a mid-January low and are hovering close to their highest in 12 months. Yet they remain far below historic highs.The earnings beat comes even as Sea spends on marketing to ward off rivals, and on research and development to add live-streaming and artificial intelligence features. E-commerce gross merchandise volume, or the value of goods sold, rose 36% to $23.6 billion, topping estimates. Revenue for the group climbed 23% to $3.7 billion.The company’s gaming arm, known for its hit Free Fire, is struggling to come up with new titles to boost sales. Revenue at the unit, called Garena, declined about 15% to $458 million.What Bloomberg Intelligence SaysMarketing costs will likely stay elevated, but adjusted Ebitda should still grow as Shopee’s dominance in Southeast Asian e-commerce and a dense user ecosystem lure more merchants into high-margin services such as advertising. This scale advantage might be its strongest defense against the encroachment of TikTok, IPO-bound Shein and PDD Holdings’ Temu in e-commerce in the region.— Nathan Naidu, analystSea has said it expects to earn its second straight annual profit this year. The profitability improvements have been driven by a ruthless cost-cutting drive, including thousands of job cuts, which helped it post its first annual net income since a 2017 listing. Still, founder Forrest Li has said Sea would ramp up efforts to build out its live-streaming arm, which would potentially help it cope with rising competition but pit it against TikTok and weigh on margins.","kind":"highlight","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":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":21,"commentSize":0,"repostSize":0,"favoriteSize":0,"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/2435596557"}