$Sea Ltd(SE)$ [Happy] Shopee has become increasingly ubiquitous in Singapore, and in many parts of SEA, during this pandemic.Given that the Q2 financial period coincided with Phase 2 (heightened alert) in SG, as well as lockdowns in manh of SEA Ltd’s key markets, I am quietly optimistic that SEA will be able to grow revenues Y/Y despite its record results last year. I’ve also noticed that Shopee has increased its S&M expenditure during a period where its main competitors (like Lazada) have seemingly reduced advertising. It has many great new partnerships, with amazing merchants such asDon Don DonkiWill this expenditure impact SEA’s bottom line? Or will it finally turn a profit?Also bear in mind that $Altimeter Growth Corp.(AGC)$- GRAB’
“Cook mentioned that the success was not just because of people upgrading their old iPhones, but also Android customers buying their first iPhone.”Wow android switching is a huge growth driver!!
Apple warns supply constraints will impact iPhone and iPad, shares fall