Image source: Sea LimitedIn its Q1 2021 earnings call, Singapore's largest company by market capitalisation, Sea Limited, reported 147% year-on-year revenue growth. However, $SE missed Wall Street's earnings expectations with a loss of 62 cents per share. The loss is 10 cents more than Q1 2020's reported loss of 52 cents.Shares initially dipped on the report to as low as $204 before closing up more than 11.82% to $228.11. What caused the rebound? Despite missing on EPS, the Internet company has reported a 212% year-on-year increase on Gross Profit and EBITDA of $88.1m (Q1 2020: loss of $69.9m). This shows that the company's investment on growth is showing results.Image source: GarenaSea Limited's game developer and publisher, Garena, contributed significantly to its financial performance.

Last week, we saw $BABA share price dropped 6.2% after the Chinese e-commerce giant reported its Q4 2021 financial results. In this post, I will share my opinion of Alibaba.Alibaba Group posted an operating loss of 7.7 billion yuan; the first since the Group went public in 2014. The loss came after Alibaba was fined 18.2 billion yuan for engaging in monopolistic business practices. As an investor, I ignore such one-off operating loss when calculating the intrinsic value of a company. I like the fact that Alibaba would have reported a 48% year on year increase in operating income without the fine.On revenue, Alibaba reported 187.4 billion yuan (US$28.6illion) for Q4 2021; up 64% year on year.A quick calculation of Alibaba's intrinsic value shows that the company has a fair value of US$