Sea Soared after Topping Profit Estimates on Online Shopping Growth

Bloomberg08-13

Southeast Asia e-commerce leader also exceeds sales forecastsCompany is navigating intense competition from TikTok, LazadaSea Ltd. reported second-quarter earnings that topped analysts’ estimates, ...

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Dr Rck
·08-14
But its net income decreased from previous report, why and cost accelerated that drove higher revenue? Hm..
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Dr Rck
·08-13
While sales increases, net income drops, how is that so? That means costs are rising and weakness in the economy prevails...
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}\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\">\nSea Soared after Topping Profit Estimates on Online Shopping Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-13 21:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-08-13/singapore-s-sea-tops-profit-estimates-on-online-shopping-growth><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Southeast Asia e-commerce leader also exceeds sales forecastsCompany is navigating intense competition from TikTok, LazadaSea Ltd. reported second-quarter earnings that topped analysts’ estimates, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-08-13/singapore-s-sea-tops-profit-estimates-on-online-shopping-growth\">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":"SE","symbol_name":"Sea Ltd","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2024-08-13/singapore-s-sea-tops-profit-estimates-on-online-shopping-growth","article_id":"1132054801","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1132054801","pubTimestamp":1723557411,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Southeast Asia e-commerce leader also exceeds sales forecastsCompany is navigating intense competition from TikTok, LazadaSea Ltd. reported second-quarter earnings that topped analysts’ estimates, aft","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SE":"Sea Ltd"},"translate_title":"Sea因在线购物增长超出利润预期而飙升","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SE":1.1},"content_text":"Southeast Asia e-commerce leader also exceeds sales forecastsCompany is navigating intense competition from TikTok, LazadaSea Ltd. reported second-quarter earnings that topped analysts’ estimates, after it continued to attract online shoppers in Southeast Asia’s rapidly growing e-commerce market.Shares of Sea Limited soared over 7%.The Singapore-based company swung back into the black with a net income of about $80 million after losses in the preceding three quarters, it said in a statement Tuesday. Analysts estimated $60 million on average. Sales also beat projections, rising 23% to $3.8 billion.The results alleviate some concerns about the prospects for online retail arm Shopee, which is trying to fend off competition from ByteDance Ltd.’s TikTok and Alibaba Group Holding Ltd.’s Lazada. Investors are watching closely if Shopee’s higher merchant fees can boost its margins without hurting its lead against the deep-pocketed tech conglomerates. Newer contenders like Shein and PDD Holdings Inc.’s Temu are also targeting Southeast Asia, a region of about 675 million people where more shoppers are moving online.In a show of its dominance, Shopee has raised the commissions it charges merchants in many core markets by about a third since the start of the year. The hikes, which bring Shopee’s fees far above its rivals, show that Sea feels secure in its own efforts to become a crucial partner to merchants, helped by the e-commerce pioneer’s broad user base and well established delivery services.E-commerce gross merchandise volume, or the value of goods sold, climbed a higher-than-estimated 29% to $23.3 billion in the second quarter. Sea now predicts GMV will increase in the “mid-20%” range this year, helping the company toward its target of a second straight annual profit this year. The firm also said it expects Shopee to post earnings before interest, taxes, depreciation and amortization in the third quarter of this year.After plunging in the past two years, shares of Sea have gained about 65% in 2024 as investors have assessed its chances against the tough competition. They remain far below their historic highs though.Investors have also focused on Sea’s efforts to improve its profitability in the cut-throat market, after it slashed thousands of jobs in a brutal cost-cutting drive in recent years. Second-quarter sales and marketing expense rose to $774.8 million, and the company has also boosted research and development spending to add live-streaming and artificial intelligence features.The company’s gaming arm Garena, known for its hit Free Fire, has helped Sea’s profit margins. Yet it has struggled to come up with new titles to increase sales. Bookings, which measure the amount of products and services sold during the period, climbed 21% to $536.8 million.What Bloomberg Intelligence SaysIntensified e-commerce rivalry after the entry of PDD’s Temu into Thailand, Southeast Asia’s second-largest market, means Sea’s e-commerce bottom line might linger in the red in 2Q, but its digital entertainment and fintech segments should help it sustain a net profit. Temu typically uses deep discounts to lure shoppers, which might prompt Sea to up its incentive spending to retain users. Yet Sea’s scale advantage in logistics, product pricing and established marketplace might stem user churn.— Nathan Naidu, analystSea’s digital banking division has become one of its key pillars of expansion. Revenue at its financial services arm grew 21%, as it battles the region’s incumbents as well as new entrants including Standard Chartered Plc’s Trust Bank and a venture owned by Grab Holdings Ltd. and Singapore Telecommunications Ltd. called GXS Bank. Last month, it appointed a new chief to steer its budding Singapore bank.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":338343378751512,"gmtCreate":1723616113192,"gmtModify":1723616117158,"author":{"id":"3576157343730083","authorId":"3576157343730083","name":"Dr Rck","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3576157343730083","authorIdStr":"3576157343730083"},"htmlText":"But its net income decreased from previous report, why and cost accelerated that drove higher revenue? Hm..","listText":"But its net income decreased from previous report, why and cost accelerated that drove higher revenue? Hm..","text":"But its net income decreased from previous report, why and cost accelerated that drove higher revenue? Hm..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/338343378751512","repostId":1132054801,"repostType":2,"repost":{"id":"1132054801","pubTimestamp":1723557411,"share":"https://ttm.financial/m/news/1132054801?lang=&edition=fundamental","pubTime":"2024-08-13 21:56","market":"us","language":"en","title":"Sea Soared after Topping Profit Estimates on Online Shopping Growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1132054801","media":"Bloomberg","summary":"Southeast Asia e-commerce leader also exceeds sales forecastsCompany is navigating intense competition from TikTok, LazadaSea Ltd. reported second-quarter earnings that topped analysts’ estimates, aft","content":"<html><head></head><body><ul style=\"\"><li><p>Southeast Asia e-commerce leader also exceeds sales forecasts</p></li><li><p>Company is navigating intense competition from TikTok, Lazada</p></li></ul><p>Sea Ltd. reported second-quarter earnings that topped analysts’ estimates, after it continued to attract online shoppers in Southeast Asia’s rapidly growing e-commerce market.</p><p>Shares of Sea Limited soared over 7%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/59dc6c4b2444a1f7ab8e28cd845bf077\" tg-width=\"794\" tg-height=\"837\"/></p><p>The Singapore-based company swung back into the black with a net income of about $80 million after losses in the preceding three quarters, it said in a statement Tuesday. Analysts estimated $60 million on average. Sales also beat projections, rising 23% to $3.8 billion.</p><p>The results alleviate some concerns about the prospects for online retail arm Shopee, which is trying to fend off competition from ByteDance Ltd.’s TikTok and Alibaba Group Holding Ltd.’s Lazada. Investors are watching closely if Shopee’s higher merchant fees can boost its margins without hurting its lead against the deep-pocketed tech conglomerates. Newer contenders like Shein and PDD Holdings Inc.’s Temu are also targeting Southeast Asia, a region of about 675 million people where more shoppers are moving online.</p><p>In a show of its dominance, Shopee has raised the commissions it charges merchants in many core markets by about a third since the start of the year. The hikes, which bring Shopee’s fees far above its rivals, show that Sea feels secure in its own efforts to become a crucial partner to merchants, helped by the e-commerce pioneer’s broad user base and well established delivery services.</p><p>E-commerce gross merchandise volume, or the value of goods sold, climbed a higher-than-estimated 29% to $23.3 billion in the second quarter. Sea now predicts GMV will increase in the “mid-20%” range this year, helping the company toward its target of a second straight annual profit this year. The firm also said it expects Shopee to post earnings before interest, taxes, depreciation and amortization in the third quarter of this year.</p><p>After plunging in the past two years, shares of Sea have gained about 65% in 2024 as investors have assessed its chances against the tough competition. They remain far below their historic highs though.</p><p>Investors have also focused on Sea’s efforts to improve its profitability in the cut-throat market, after it slashed thousands of jobs in a brutal cost-cutting drive in recent years. Second-quarter sales and marketing expense rose to $774.8 million, and<strong> </strong>the company has also boosted research and development spending to add live-streaming and<u> artificial intelligence</u> features.</p><p style=\"text-align: start;\">The company’s gaming arm Garena, known for its hit <em>Free Fire</em>, has helped Sea’s profit margins. Yet it has struggled to come up with new titles to increase sales. Bookings, which measure the amount of products and services sold during the period, climbed 21% to $536.8 million.</p><blockquote><h3 id=\"id_995939572\">What Bloomberg Intelligence Says</h3><p>Intensified e-commerce rivalry after the entry of PDD’s Temu into Thailand, Southeast Asia’s second-largest market, means Sea’s e-commerce bottom line might linger in the red in 2Q, but its digital entertainment and fintech segments should help it sustain a net profit. Temu typically uses deep discounts to lure shoppers, which might prompt Sea to up its incentive spending to retain users. Yet Sea’s scale advantage in logistics, product pricing and established marketplace might stem user churn.</p><p><em>—</em> Nathan Naidu, analyst</p></blockquote><p style=\"text-align: start;\">Sea’s digital banking division has become one of its key pillars of expansion. Revenue at its financial services arm grew 21%, as it battles the region’s incumbents as well as new entrants including Standard Chartered Plc’s Trust Bank and a venture owned by Grab Holdings Ltd. and Singapore Telecommunications Ltd. called GXS Bank. Last month, it appointed a new chief to steer its budding Singapore bank.</p></body></html>","source":"lsy1584095487587","collect":0,"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>Sea Soared after Topping Profit Estimates on Online Shopping Growth</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\">\nSea Soared after Topping Profit Estimates on Online Shopping Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-13 21:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-08-13/singapore-s-sea-tops-profit-estimates-on-online-shopping-growth><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Southeast Asia e-commerce leader also exceeds sales forecastsCompany is navigating intense competition from TikTok, LazadaSea Ltd. reported second-quarter earnings that topped analysts’ estimates, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-08-13/singapore-s-sea-tops-profit-estimates-on-online-shopping-growth\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://www.bloomberg.com/news/articles/2024-08-13/singapore-s-sea-tops-profit-estimates-on-online-shopping-growth","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132054801","content_text":"Southeast Asia e-commerce leader also exceeds sales forecastsCompany is navigating intense competition from TikTok, LazadaSea Ltd. reported second-quarter earnings that topped analysts’ estimates, after it continued to attract online shoppers in Southeast Asia’s rapidly growing e-commerce market.Shares of Sea Limited soared over 7%.The Singapore-based company swung back into the black with a net income of about $80 million after losses in the preceding three quarters, it said in a statement Tuesday. Analysts estimated $60 million on average. Sales also beat projections, rising 23% to $3.8 billion.The results alleviate some concerns about the prospects for online retail arm Shopee, which is trying to fend off competition from ByteDance Ltd.’s TikTok and Alibaba Group Holding Ltd.’s Lazada. Investors are watching closely if Shopee’s higher merchant fees can boost its margins without hurting its lead against the deep-pocketed tech conglomerates. Newer contenders like Shein and PDD Holdings Inc.’s Temu are also targeting Southeast Asia, a region of about 675 million people where more shoppers are moving online.In a show of its dominance, Shopee has raised the commissions it charges merchants in many core markets by about a third since the start of the year. The hikes, which bring Shopee’s fees far above its rivals, show that Sea feels secure in its own efforts to become a crucial partner to merchants, helped by the e-commerce pioneer’s broad user base and well established delivery services.E-commerce gross merchandise volume, or the value of goods sold, climbed a higher-than-estimated 29% to $23.3 billion in the second quarter. Sea now predicts GMV will increase in the “mid-20%” range this year, helping the company toward its target of a second straight annual profit this year. The firm also said it expects Shopee to post earnings before interest, taxes, depreciation and amortization in the third quarter of this year.After plunging in the past two years, shares of Sea have gained about 65% in 2024 as investors have assessed its chances against the tough competition. They remain far below their historic highs though.Investors have also focused on Sea’s efforts to improve its profitability in the cut-throat market, after it slashed thousands of jobs in a brutal cost-cutting drive in recent years. Second-quarter sales and marketing expense rose to $774.8 million, and the company has also boosted research and development spending to add live-streaming and artificial intelligence features.The company’s gaming arm Garena, known for its hit Free Fire, has helped Sea’s profit margins. Yet it has struggled to come up with new titles to increase sales. Bookings, which measure the amount of products and services sold during the period, climbed 21% to $536.8 million.What Bloomberg Intelligence SaysIntensified e-commerce rivalry after the entry of PDD’s Temu into Thailand, Southeast Asia’s second-largest market, means Sea’s e-commerce bottom line might linger in the red in 2Q, but its digital entertainment and fintech segments should help it sustain a net profit. Temu typically uses deep discounts to lure shoppers, which might prompt Sea to up its incentive spending to retain users. Yet Sea’s scale advantage in logistics, product pricing and established marketplace might stem user churn.— Nathan Naidu, analystSea’s digital banking division has become one of its key pillars of expansion. Revenue at its financial services arm grew 21%, as it battles the region’s incumbents as well as new entrants including Standard Chartered Plc’s Trust Bank and a venture owned by Grab Holdings Ltd. and Singapore Telecommunications Ltd. called GXS Bank. Last month, it appointed a new chief to steer its budding Singapore bank.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":338032115654808,"gmtCreate":1723546389903,"gmtModify":1723546393481,"author":{"id":"3576157343730083","authorId":"3576157343730083","name":"Dr Rck","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3576157343730083","authorIdStr":"3576157343730083"},"htmlText":"While sales increases, net income drops, how is that so? That means costs are rising and weakness in the economy prevails...","listText":"While sales increases, net income drops, how is that so? That means costs are rising and weakness in the economy prevails...","text":"While sales increases, net income drops, how is that so? That means costs are rising and weakness in the economy prevails...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/338032115654808","repostId":1132054801,"repostType":2,"repost":{"id":"1132054801","pubTimestamp":1723557411,"share":"https://ttm.financial/m/news/1132054801?lang=&edition=fundamental","pubTime":"2024-08-13 21:56","market":"us","language":"en","title":"Sea Soared after Topping Profit Estimates on Online Shopping Growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1132054801","media":"Bloomberg","summary":"Southeast Asia e-commerce leader also exceeds sales forecastsCompany is navigating intense competition from TikTok, LazadaSea Ltd. reported second-quarter earnings that topped analysts’ estimates, aft","content":"<html><head></head><body><ul style=\"\"><li><p>Southeast Asia e-commerce leader also exceeds sales forecasts</p></li><li><p>Company is navigating intense competition from TikTok, Lazada</p></li></ul><p>Sea Ltd. reported second-quarter earnings that topped analysts’ estimates, after it continued to attract online shoppers in Southeast Asia’s rapidly growing e-commerce market.</p><p>Shares of Sea Limited soared over 7%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/59dc6c4b2444a1f7ab8e28cd845bf077\" tg-width=\"794\" tg-height=\"837\"/></p><p>The Singapore-based company swung back into the black with a net income of about $80 million after losses in the preceding three quarters, it said in a statement Tuesday. Analysts estimated $60 million on average. Sales also beat projections, rising 23% to $3.8 billion.</p><p>The results alleviate some concerns about the prospects for online retail arm Shopee, which is trying to fend off competition from ByteDance Ltd.’s TikTok and Alibaba Group Holding Ltd.’s Lazada. Investors are watching closely if Shopee’s higher merchant fees can boost its margins without hurting its lead against the deep-pocketed tech conglomerates. Newer contenders like Shein and PDD Holdings Inc.’s Temu are also targeting Southeast Asia, a region of about 675 million people where more shoppers are moving online.</p><p>In a show of its dominance, Shopee has raised the commissions it charges merchants in many core markets by about a third since the start of the year. The hikes, which bring Shopee’s fees far above its rivals, show that Sea feels secure in its own efforts to become a crucial partner to merchants, helped by the e-commerce pioneer’s broad user base and well established delivery services.</p><p>E-commerce gross merchandise volume, or the value of goods sold, climbed a higher-than-estimated 29% to $23.3 billion in the second quarter. Sea now predicts GMV will increase in the “mid-20%” range this year, helping the company toward its target of a second straight annual profit this year. The firm also said it expects Shopee to post earnings before interest, taxes, depreciation and amortization in the third quarter of this year.</p><p>After plunging in the past two years, shares of Sea have gained about 65% in 2024 as investors have assessed its chances against the tough competition. They remain far below their historic highs though.</p><p>Investors have also focused on Sea’s efforts to improve its profitability in the cut-throat market, after it slashed thousands of jobs in a brutal cost-cutting drive in recent years. Second-quarter sales and marketing expense rose to $774.8 million, and<strong> </strong>the company has also boosted research and development spending to add live-streaming and<u> artificial intelligence</u> features.</p><p style=\"text-align: start;\">The company’s gaming arm Garena, known for its hit <em>Free Fire</em>, has helped Sea’s profit margins. Yet it has struggled to come up with new titles to increase sales. Bookings, which measure the amount of products and services sold during the period, climbed 21% to $536.8 million.</p><blockquote><h3 id=\"id_995939572\">What Bloomberg Intelligence Says</h3><p>Intensified e-commerce rivalry after the entry of PDD’s Temu into Thailand, Southeast Asia’s second-largest market, means Sea’s e-commerce bottom line might linger in the red in 2Q, but its digital entertainment and fintech segments should help it sustain a net profit. Temu typically uses deep discounts to lure shoppers, which might prompt Sea to up its incentive spending to retain users. Yet Sea’s scale advantage in logistics, product pricing and established marketplace might stem user churn.</p><p><em>—</em> Nathan Naidu, analyst</p></blockquote><p style=\"text-align: start;\">Sea’s digital banking division has become one of its key pillars of expansion. Revenue at its financial services arm grew 21%, as it battles the region’s incumbents as well as new entrants including Standard Chartered Plc’s Trust Bank and a venture owned by Grab Holdings Ltd. and Singapore Telecommunications Ltd. called GXS Bank. Last month, it appointed a new chief to steer its budding Singapore bank.</p></body></html>","source":"lsy1584095487587","collect":0,"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>Sea Soared after Topping Profit Estimates on Online Shopping Growth</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\">\nSea Soared after Topping Profit Estimates on Online Shopping Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-13 21:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-08-13/singapore-s-sea-tops-profit-estimates-on-online-shopping-growth><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Southeast Asia e-commerce leader also exceeds sales forecastsCompany is navigating intense competition from TikTok, LazadaSea Ltd. reported second-quarter earnings that topped analysts’ estimates, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-08-13/singapore-s-sea-tops-profit-estimates-on-online-shopping-growth\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://www.bloomberg.com/news/articles/2024-08-13/singapore-s-sea-tops-profit-estimates-on-online-shopping-growth","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132054801","content_text":"Southeast Asia e-commerce leader also exceeds sales forecastsCompany is navigating intense competition from TikTok, LazadaSea Ltd. reported second-quarter earnings that topped analysts’ estimates, after it continued to attract online shoppers in Southeast Asia’s rapidly growing e-commerce market.Shares of Sea Limited soared over 7%.The Singapore-based company swung back into the black with a net income of about $80 million after losses in the preceding three quarters, it said in a statement Tuesday. Analysts estimated $60 million on average. Sales also beat projections, rising 23% to $3.8 billion.The results alleviate some concerns about the prospects for online retail arm Shopee, which is trying to fend off competition from ByteDance Ltd.’s TikTok and Alibaba Group Holding Ltd.’s Lazada. Investors are watching closely if Shopee’s higher merchant fees can boost its margins without hurting its lead against the deep-pocketed tech conglomerates. Newer contenders like Shein and PDD Holdings Inc.’s Temu are also targeting Southeast Asia, a region of about 675 million people where more shoppers are moving online.In a show of its dominance, Shopee has raised the commissions it charges merchants in many core markets by about a third since the start of the year. The hikes, which bring Shopee’s fees far above its rivals, show that Sea feels secure in its own efforts to become a crucial partner to merchants, helped by the e-commerce pioneer’s broad user base and well established delivery services.E-commerce gross merchandise volume, or the value of goods sold, climbed a higher-than-estimated 29% to $23.3 billion in the second quarter. Sea now predicts GMV will increase in the “mid-20%” range this year, helping the company toward its target of a second straight annual profit this year. The firm also said it expects Shopee to post earnings before interest, taxes, depreciation and amortization in the third quarter of this year.After plunging in the past two years, shares of Sea have gained about 65% in 2024 as investors have assessed its chances against the tough competition. They remain far below their historic highs though.Investors have also focused on Sea’s efforts to improve its profitability in the cut-throat market, after it slashed thousands of jobs in a brutal cost-cutting drive in recent years. Second-quarter sales and marketing expense rose to $774.8 million, and the company has also boosted research and development spending to add live-streaming and artificial intelligence features.The company’s gaming arm Garena, known for its hit Free Fire, has helped Sea’s profit margins. Yet it has struggled to come up with new titles to increase sales. Bookings, which measure the amount of products and services sold during the period, climbed 21% to $536.8 million.What Bloomberg Intelligence SaysIntensified e-commerce rivalry after the entry of PDD’s Temu into Thailand, Southeast Asia’s second-largest market, means Sea’s e-commerce bottom line might linger in the red in 2Q, but its digital entertainment and fintech segments should help it sustain a net profit. Temu typically uses deep discounts to lure shoppers, which might prompt Sea to up its incentive spending to retain users. Yet Sea’s scale advantage in logistics, product pricing and established marketplace might stem user churn.— Nathan Naidu, analystSea’s digital banking division has become one of its key pillars of expansion. Revenue at its financial services arm grew 21%, as it battles the region’s incumbents as well as new entrants including Standard Chartered Plc’s Trust Bank and a venture owned by Grab Holdings Ltd. and Singapore Telecommunications Ltd. called GXS Bank. Last month, it appointed a new chief to steer its budding Singapore bank.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":39,"commentSize":2,"repostSize":2,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}