Sea's Decision to Close India Operations Seen as a "Clear Positive"

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Sea's Decision to Close India Operations Seen as a "Clear Positive"

StreetInsider2022-03-29

Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee...

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Mtan23
·2022-03-29
Good read
Reply
2
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chews
·2022-03-29
Like
Reply
3
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Solomontan99
·2022-03-29
Free stock? Nice!
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3
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MSTAN
·2022-03-29
👍👍
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2
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Zarkness
·2022-03-29
Still need much better markets elsewhere
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2
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Chororo
·2022-03-29
。
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cakwai
·2022-03-29
Many ppl have the mindset that if a company pulls out from a market, its bad. However it take strong and firm leadership and courage to do so. From a business owner angle, I'll share why what SE did is good:1. The market isnt earning as expected. When this happens, companies often do agressive advertising, revamping, often without consideration on market needs. Sometimes its not that u are selling a lousy product. Its that the time isnt ripe and market isnt ready for u.2. Acceptance of failure. Liquidating assets from a market that doesnt generate revenue allows the company to pivot instead of "locking" money in something hoping to earn. Similar to stocks, its best to cut loss and look elsewhere. when u consider the opportunity cost, a move made is always better than remaining&nb
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Steven Tay
·2022-03-29
Ok
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2
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InfiniteChaos
·2022-03-29
I don't understand why India can ban free fire. isnt there a trade deal between Singapore And India?
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VivianChua
·2022-03-29
Great news💚💚💚
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买香蕉也用券
·2022-03-29
？？？ didn'tyour CEO said will continue burning cash? Why did u stop expanding? Pls let me short u more to below 100!
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FlareSpark
·2022-03-29
Stop bleeding before too late
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Jerrya
·2022-03-29
Thanks for the insights
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LionKingAir
·2022-03-29
Okay
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Noob6
·2022-03-29
Ok
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LEESIMON
·2022-03-29
Great potential
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Hence, SE's no longer pursuing this strategy is a clear positive, in our view,\" Goodridge said in a client note.The analyst finds the current companys market valuation as attractive.UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.\"We believe the exit should be viewed positively by the market:This supports management's commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,\" Killa wrote in a memo.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9019320637,"gmtCreate":1648536159552,"gmtModify":1676534351306,"author":{"id":"3579572647008782","authorId":"3579572647008782","name":"Mtan23","avatar":"https://static.tigerbbs.com/21a2ddfc414d0d3eab50e895e776bf23","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3579572647008782","authorIdStr":"3579572647008782"},"htmlText":"Good read&nbsp;","listText":"Good read&nbsp;","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019320637","repostId":2222894058,"repostType":4,"repost":{"id":"2222894058","pubTimestamp":1648524779,"share":"https://ttm.financial/m/news/2222894058?lang=&edition=fundamental","pubTime":"2022-03-29 11:32","market":"us","language":"en","title":"Sea's Decision to Close India Operations Seen as a \"Clear Positive\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2222894058","media":"StreetInsider","summary":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down i","content":"<html><head></head><body><p>Singapore-based global consumer internet company <a href=\"https://laohu8.com/S/SE\">Sea</a> said its e-commerce arm Shopee will shut down its operations in India amid the company&#39;s poor growth outlook.</p><p>This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea&#39;s Free Fire app. The ban wiped off $16 billion of Sea&#39;s market value in a single day, prompting some investors to offload the company&#39;s shares.</p><p>Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.</p><p>A few weeks ago, <a href=\"https://laohu8.com/S/SE\">Sea</a> said it expects Shopee&#39;s revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.</p><p>Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.</p><p>&#34;We view this as a positive announcement for two key reasons:</p><ul><li>Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;</li></ul><ul><li>It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee&#39;s very low Average Order Value, and relatively high logistics costs.</li></ul><p>In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE&#39;s no longer pursuing this strategy is a clear positive, in our view,&#34; Goodridge said in a client note.</p><p>The analyst finds the current companys market valuation as attractive.</p><p><b>UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.</b></p><p>&#34;We believe the exit should be viewed positively by the market:</p><ul><li>This supports management&#39;s commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);</li><li>It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,&#34; Killa wrote in a memo.</li></ul></body></html>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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's Decision to Close India Operations Seen as a \"Clear Positive\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-29 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee...</p>\n\n<a href=\"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4581":"高盛持仓","BK4085":"互动家庭娱乐","BK4554":"元宇宙及AR概念","BK4566":"资本集团","BK4503":"景林资产持仓","BK4535":"淡马锡持仓","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓"},"source_url":"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2222894058","content_text":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea's Free Fire app. The ban wiped off $16 billion of Sea's market value in a single day, prompting some investors to offload the company's shares.Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.A few weeks ago, Sea said it expects Shopee's revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.\"We view this as a positive announcement for two key reasons:Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee's very low Average Order Value, and relatively high logistics costs.In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE's no longer pursuing this strategy is a clear positive, in our view,\" Goodridge said in a client note.The analyst finds the current companys market valuation as attractive.UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.\"We believe the exit should be viewed positively by the market:This supports management's commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,\" Killa wrote in a memo.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9019362575,"gmtCreate":1648534943663,"gmtModify":1676534351217,"author":{"id":"3569931936965010","authorId":"3569931936965010","name":"chews","avatar":"https://static.tigerbbs.com/6c1fa6f2842229096200b78fa2605616","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3569931936965010","authorIdStr":"3569931936965010"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019362575","repostId":2222894058,"repostType":2,"repost":{"id":"2222894058","pubTimestamp":1648524779,"share":"https://ttm.financial/m/news/2222894058?lang=&edition=fundamental","pubTime":"2022-03-29 11:32","market":"us","language":"en","title":"Sea's Decision to Close India Operations Seen as a \"Clear Positive\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2222894058","media":"StreetInsider","summary":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down i","content":"<html><head></head><body><p>Singapore-based global consumer internet company <a href=\"https://laohu8.com/S/SE\">Sea</a> said its e-commerce arm Shopee will shut down its operations in India amid the company&#39;s poor growth outlook.</p><p>This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea&#39;s Free Fire app. The ban wiped off $16 billion of Sea&#39;s market value in a single day, prompting some investors to offload the company&#39;s shares.</p><p>Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.</p><p>A few weeks ago, <a href=\"https://laohu8.com/S/SE\">Sea</a> said it expects Shopee&#39;s revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.</p><p>Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.</p><p>&#34;We view this as a positive announcement for two key reasons:</p><ul><li>Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;</li></ul><ul><li>It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee&#39;s very low Average Order Value, and relatively high logistics costs.</li></ul><p>In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE&#39;s no longer pursuing this strategy is a clear positive, in our view,&#34; Goodridge said in a client note.</p><p>The analyst finds the current companys market valuation as attractive.</p><p><b>UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.</b></p><p>&#34;We believe the exit should be viewed positively by the market:</p><ul><li>This supports management&#39;s commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);</li><li>It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,&#34; Killa wrote in a memo.</li></ul></body></html>","source":"highlight_streetinsider","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's Decision to Close India Operations Seen as a \"Clear Positive\"</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; 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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's Decision to Close India Operations Seen as a \"Clear Positive\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-29 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee...</p>\n\n<a href=\"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4581":"高盛持仓","BK4085":"互动家庭娱乐","BK4554":"元宇宙及AR概念","BK4566":"资本集团","BK4503":"景林资产持仓","BK4535":"淡马锡持仓","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓"},"source_url":"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2222894058","content_text":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea's Free Fire app. The ban wiped off $16 billion of Sea's market value in a single day, prompting some investors to offload the company's shares.Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.A few weeks ago, Sea said it expects Shopee's revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.\"We view this as a positive announcement for two key reasons:Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee's very low Average Order Value, and relatively high logistics costs.In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE's no longer pursuing this strategy is a clear positive, in our view,\" Goodridge said in a client note.The analyst finds the current companys market valuation as attractive.UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.\"We believe the exit should be viewed positively by the market:This supports management's commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,\" Killa wrote in a memo.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9019363116,"gmtCreate":1648533468800,"gmtModify":1676534350964,"author":{"id":"3586330528378121","authorId":"3586330528378121","name":"Solomontan99","avatar":"https://static.tigerbbs.com/ae09f7a70bb7992c56a1be3b990b5332","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586330528378121","authorIdStr":"3586330528378121"},"htmlText":"Free stock? Nice!&nbsp;","listText":"Free stock? Nice!&nbsp;","text":"Free stock? Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019363116","repostId":2222894058,"repostType":4,"repost":{"id":"2222894058","pubTimestamp":1648524779,"share":"https://ttm.financial/m/news/2222894058?lang=&edition=fundamental","pubTime":"2022-03-29 11:32","market":"us","language":"en","title":"Sea's Decision to Close India Operations Seen as a \"Clear Positive\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2222894058","media":"StreetInsider","summary":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down i","content":"<html><head></head><body><p>Singapore-based global consumer internet company <a href=\"https://laohu8.com/S/SE\">Sea</a> said its e-commerce arm Shopee will shut down its operations in India amid the company&#39;s poor growth outlook.</p><p>This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea&#39;s Free Fire app. The ban wiped off $16 billion of Sea&#39;s market value in a single day, prompting some investors to offload the company&#39;s shares.</p><p>Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.</p><p>A few weeks ago, <a href=\"https://laohu8.com/S/SE\">Sea</a> said it expects Shopee&#39;s revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.</p><p>Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.</p><p>&#34;We view this as a positive announcement for two key reasons:</p><ul><li>Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;</li></ul><ul><li>It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee&#39;s very low Average Order Value, and relatively high logistics costs.</li></ul><p>In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE&#39;s no longer pursuing this strategy is a clear positive, in our view,&#34; Goodridge said in a client note.</p><p>The analyst finds the current companys market valuation as attractive.</p><p><b>UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.</b></p><p>&#34;We believe the exit should be viewed positively by the market:</p><ul><li>This supports management&#39;s commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);</li><li>It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,&#34; Killa wrote in a memo.</li></ul></body></html>","source":"highlight_streetinsider","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's Decision to Close India Operations Seen as a \"Clear Positive\"</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; 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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's Decision to Close India Operations Seen as a \"Clear Positive\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-29 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee...</p>\n\n<a href=\"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4581":"高盛持仓","BK4085":"互动家庭娱乐","BK4554":"元宇宙及AR概念","BK4566":"资本集团","BK4503":"景林资产持仓","BK4535":"淡马锡持仓","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓"},"source_url":"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2222894058","content_text":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea's Free Fire app. The ban wiped off $16 billion of Sea's market value in a single day, prompting some investors to offload the company's shares.Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.A few weeks ago, Sea said it expects Shopee's revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.\"We view this as a positive announcement for two key reasons:Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee's very low Average Order Value, and relatively high logistics costs.In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE's no longer pursuing this strategy is a clear positive, in our view,\" Goodridge said in a client note.The analyst finds the current companys market valuation as attractive.UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.\"We believe the exit should be viewed positively by the market:This supports management's commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,\" Killa wrote in a memo.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9019369204,"gmtCreate":1648533390723,"gmtModify":1676534350949,"author":{"id":"4089461104605170","authorId":"4089461104605170","name":"MSTAN","avatar":"https://static.itradeup.com/news/1d0ff53a35c30afecbd1fa0c5ed59f07","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4089461104605170","authorIdStr":"4089461104605170"},"htmlText":"👍👍","listText":"👍👍","text":"👍👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019369204","repostId":2222894058,"repostType":4,"repost":{"id":"2222894058","pubTimestamp":1648524779,"share":"https://ttm.financial/m/news/2222894058?lang=&edition=fundamental","pubTime":"2022-03-29 11:32","market":"us","language":"en","title":"Sea's Decision to Close India Operations Seen as a \"Clear Positive\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2222894058","media":"StreetInsider","summary":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down i","content":"<html><head></head><body><p>Singapore-based global consumer internet company <a href=\"https://laohu8.com/S/SE\">Sea</a> said its e-commerce arm Shopee will shut down its operations in India amid the company&#39;s poor growth outlook.</p><p>This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea&#39;s Free Fire app. The ban wiped off $16 billion of Sea&#39;s market value in a single day, prompting some investors to offload the company&#39;s shares.</p><p>Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.</p><p>A few weeks ago, <a href=\"https://laohu8.com/S/SE\">Sea</a> said it expects Shopee&#39;s revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.</p><p>Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.</p><p>&#34;We view this as a positive announcement for two key reasons:</p><ul><li>Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;</li></ul><ul><li>It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee&#39;s very low Average Order Value, and relatively high logistics costs.</li></ul><p>In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE&#39;s no longer pursuing this strategy is a clear positive, in our view,&#34; Goodridge said in a client note.</p><p>The analyst finds the current companys market valuation as attractive.</p><p><b>UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.</b></p><p>&#34;We believe the exit should be viewed positively by the market:</p><ul><li>This supports management&#39;s commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);</li><li>It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,&#34; Killa wrote in a memo.</li></ul></body></html>","source":"highlight_streetinsider","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's Decision to Close India Operations Seen as a \"Clear Positive\"</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; 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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's Decision to Close India Operations Seen as a \"Clear Positive\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-29 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee...</p>\n\n<a href=\"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4581":"高盛持仓","BK4085":"互动家庭娱乐","BK4554":"元宇宙及AR概念","BK4566":"资本集团","BK4503":"景林资产持仓","BK4535":"淡马锡持仓","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓"},"source_url":"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2222894058","content_text":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea's Free Fire app. The ban wiped off $16 billion of Sea's market value in a single day, prompting some investors to offload the company's shares.Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.A few weeks ago, Sea said it expects Shopee's revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.\"We view this as a positive announcement for two key reasons:Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee's very low Average Order Value, and relatively high logistics costs.In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE's no longer pursuing this strategy is a clear positive, in our view,\" Goodridge said in a client note.The analyst finds the current companys market valuation as attractive.UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.\"We believe the exit should be viewed positively by the market:This supports management's commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,\" Killa wrote in a memo.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9019383419,"gmtCreate":1648530277632,"gmtModify":1676534350736,"author":{"id":"3572916667219493","authorId":"3572916667219493","name":"Zarkness","avatar":"https://static.tigerbbs.com/4b8c61830c4883c4232aece921d89d14","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":0,"idStr":"3572916667219493","authorIdStr":"3572916667219493"},"htmlText":"Still need much better markets elsewhere","listText":"Still need much better markets elsewhere","text":"Still need much better markets elsewhere","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019383419","repostId":2222894058,"repostType":4,"repost":{"id":"2222894058","pubTimestamp":1648524779,"share":"https://ttm.financial/m/news/2222894058?lang=&edition=fundamental","pubTime":"2022-03-29 11:32","market":"us","language":"en","title":"Sea's Decision to Close India Operations Seen as a \"Clear Positive\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2222894058","media":"StreetInsider","summary":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down i","content":"<html><head></head><body><p>Singapore-based global consumer internet company <a href=\"https://laohu8.com/S/SE\">Sea</a> said its e-commerce arm Shopee will shut down its operations in India amid the company&#39;s poor growth outlook.</p><p>This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea&#39;s Free Fire app. The ban wiped off $16 billion of Sea&#39;s market value in a single day, prompting some investors to offload the company&#39;s shares.</p><p>Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.</p><p>A few weeks ago, <a href=\"https://laohu8.com/S/SE\">Sea</a> said it expects Shopee&#39;s revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.</p><p>Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.</p><p>&#34;We view this as a positive announcement for two key reasons:</p><ul><li>Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;</li></ul><ul><li>It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee&#39;s very low Average Order Value, and relatively high logistics costs.</li></ul><p>In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE&#39;s no longer pursuing this strategy is a clear positive, in our view,&#34; Goodridge said in a client note.</p><p>The analyst finds the current companys market valuation as attractive.</p><p><b>UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.</b></p><p>&#34;We believe the exit should be viewed positively by the market:</p><ul><li>This supports management&#39;s commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);</li><li>It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,&#34; Killa wrote in a memo.</li></ul></body></html>","source":"highlight_streetinsider","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's Decision to Close India Operations Seen as a \"Clear Positive\"</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; 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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's Decision to Close India Operations Seen as a \"Clear Positive\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-29 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee...</p>\n\n<a href=\"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4581":"高盛持仓","BK4085":"互动家庭娱乐","BK4554":"元宇宙及AR概念","BK4566":"资本集团","BK4503":"景林资产持仓","BK4535":"淡马锡持仓","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓"},"source_url":"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2222894058","content_text":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea's Free Fire app. The ban wiped off $16 billion of Sea's market value in a single day, prompting some investors to offload the company's shares.Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.A few weeks ago, Sea said it expects Shopee's revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.\"We view this as a positive announcement for two key reasons:Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee's very low Average Order Value, and relatively high logistics costs.In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE's no longer pursuing this strategy is a clear positive, in our view,\" Goodridge said in a client note.The analyst finds the current companys market valuation as attractive.UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.\"We believe the exit should be viewed positively by the market:This supports management's commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,\" Killa wrote in a memo.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9019380508,"gmtCreate":1648529757307,"gmtModify":1676534350683,"author":{"id":"3548890322785063","authorId":"3548890322785063","name":"Chororo","avatar":"https://static.tigerbbs.com/0cbcbb673621a63bd8bb2f8219eded23","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3548890322785063","authorIdStr":"3548890322785063"},"htmlText":"。","listText":"。","text":"。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019380508","repostId":2222894058,"repostType":4,"repost":{"id":"2222894058","pubTimestamp":1648524779,"share":"https://ttm.financial/m/news/2222894058?lang=&edition=fundamental","pubTime":"2022-03-29 11:32","market":"us","language":"en","title":"Sea's Decision to Close India Operations Seen as a \"Clear Positive\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2222894058","media":"StreetInsider","summary":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down i","content":"<html><head></head><body><p>Singapore-based global consumer internet company <a href=\"https://laohu8.com/S/SE\">Sea</a> said its e-commerce arm Shopee will shut down its operations in India amid the company&#39;s poor growth outlook.</p><p>This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea&#39;s Free Fire app. The ban wiped off $16 billion of Sea&#39;s market value in a single day, prompting some investors to offload the company&#39;s shares.</p><p>Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.</p><p>A few weeks ago, <a href=\"https://laohu8.com/S/SE\">Sea</a> said it expects Shopee&#39;s revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.</p><p>Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.</p><p>&#34;We view this as a positive announcement for two key reasons:</p><ul><li>Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;</li></ul><ul><li>It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee&#39;s very low Average Order Value, and relatively high logistics costs.</li></ul><p>In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE&#39;s no longer pursuing this strategy is a clear positive, in our view,&#34; Goodridge said in a client note.</p><p>The analyst finds the current companys market valuation as attractive.</p><p><b>UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.</b></p><p>&#34;We believe the exit should be viewed positively by the market:</p><ul><li>This supports management&#39;s commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);</li><li>It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,&#34; Killa wrote in a memo.</li></ul></body></html>","source":"highlight_streetinsider","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's Decision to Close India Operations Seen as a \"Clear Positive\"</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; 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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's Decision to Close India Operations Seen as a \"Clear Positive\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-29 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee...</p>\n\n<a href=\"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4581":"高盛持仓","BK4085":"互动家庭娱乐","BK4554":"元宇宙及AR概念","BK4566":"资本集团","BK4503":"景林资产持仓","BK4535":"淡马锡持仓","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓"},"source_url":"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2222894058","content_text":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea's Free Fire app. The ban wiped off $16 billion of Sea's market value in a single day, prompting some investors to offload the company's shares.Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.A few weeks ago, Sea said it expects Shopee's revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.\"We view this as a positive announcement for two key reasons:Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee's very low Average Order Value, and relatively high logistics costs.In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE's no longer pursuing this strategy is a clear positive, in our view,\" Goodridge said in a client note.The analyst finds the current companys market valuation as attractive.UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.\"We believe the exit should be viewed positively by the market:This supports management's commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,\" Killa wrote in a memo.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9019315245,"gmtCreate":1648528704204,"gmtModify":1676534350604,"author":{"id":"3575887152834088","authorId":"3575887152834088","name":"cakwai","avatar":"https://static.tigerbbs.com/3fd2ce1f011a158627b1c4d5c3818b19","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3575887152834088","authorIdStr":"3575887152834088"},"htmlText":"Many ppl have the mindset that if a company pulls out from a market, its bad. However it take strong and firm leadership and courage to do so. From a business owner angle, I'll share why what SE did is good:1. The market isnt earning as expected. When this happens, companies often do agressive advertising, revamping, often without consideration on market needs. Sometimes its not that u are selling a lousy product. Its that the time isnt ripe and market isnt ready for u.2. Acceptance of failure.&nbsp;Liquidating assets from&nbsp;a market that doesnt generate revenue allows the company to pivot instead of \"locking\" money in something hoping to earn. Similar to stocks, its best to cut loss and look elsewhere. when u consider the opportunity cost, a move made is always better than remaining&amp;nb","listText":"Many ppl have the mindset that if a company pulls out from a market, its bad. However it take strong and firm leadership and courage to do so. From a business owner angle, I'll share why what SE did is good:1. The market isnt earning as expected. When this happens, companies often do agressive advertising, revamping, often without consideration on market needs. Sometimes its not that u are selling a lousy product. Its that the time isnt ripe and market isnt ready for u.2. Acceptance of failure.&nbsp;Liquidating assets from&nbsp;a market that doesnt generate revenue allows the company to pivot instead of \"locking\" money in something hoping to earn. Similar to stocks, its best to cut loss and look elsewhere. when u consider the opportunity cost, a move made is always better than remaining&amp;nb","text":"Many ppl have the mindset that if a company pulls out from a market, its bad. However it take strong and firm leadership and courage to do so. From a business owner angle, I'll share why what SE did is good:1. The market isnt earning as expected. When this happens, companies often do agressive advertising, revamping, often without consideration on market needs. Sometimes its not that u are selling a lousy product. Its that the time isnt ripe and market isnt ready for u.2. Acceptance of failure. Liquidating assets from a market that doesnt generate revenue allows the company to pivot instead of \"locking\" money in something hoping to earn. Similar to stocks, its best to cut loss and look elsewhere. when u consider the opportunity cost, a move made is always better than remaining&nb","images":[],"top":1,"highlighted":1,"essential":2,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019315245","repostId":2222894058,"repostType":4,"repost":{"id":"2222894058","pubTimestamp":1648524779,"share":"https://ttm.financial/m/news/2222894058?lang=&edition=fundamental","pubTime":"2022-03-29 11:32","market":"us","language":"en","title":"Sea's Decision to Close India Operations Seen as a \"Clear Positive\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2222894058","media":"StreetInsider","summary":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down i","content":"<html><head></head><body><p>Singapore-based global consumer internet company <a href=\"https://laohu8.com/S/SE\">Sea</a> said its e-commerce arm Shopee will shut down its operations in India amid the company&#39;s poor growth outlook.</p><p>This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea&#39;s Free Fire app. The ban wiped off $16 billion of Sea&#39;s market value in a single day, prompting some investors to offload the company&#39;s shares.</p><p>Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.</p><p>A few weeks ago, <a href=\"https://laohu8.com/S/SE\">Sea</a> said it expects Shopee&#39;s revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.</p><p>Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.</p><p>&#34;We view this as a positive announcement for two key reasons:</p><ul><li>Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;</li></ul><ul><li>It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee&#39;s very low Average Order Value, and relatively high logistics costs.</li></ul><p>In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE&#39;s no longer pursuing this strategy is a clear positive, in our view,&#34; Goodridge said in a client note.</p><p>The analyst finds the current companys market valuation as attractive.</p><p><b>UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.</b></p><p>&#34;We believe the exit should be viewed positively by the market:</p><ul><li>This supports management&#39;s commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);</li><li>It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,&#34; Killa wrote in a memo.</li></ul></body></html>","source":"highlight_streetinsider","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's Decision to Close India Operations Seen as a \"Clear Positive\"</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; 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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's Decision to Close India Operations Seen as a \"Clear Positive\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-29 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee...</p>\n\n<a href=\"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4581":"高盛持仓","BK4085":"互动家庭娱乐","BK4554":"元宇宙及AR概念","BK4566":"资本集团","BK4503":"景林资产持仓","BK4535":"淡马锡持仓","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓"},"source_url":"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2222894058","content_text":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea's Free Fire app. The ban wiped off $16 billion of Sea's market value in a single day, prompting some investors to offload the company's shares.Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.A few weeks ago, Sea said it expects Shopee's revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.\"We view this as a positive announcement for two key reasons:Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee's very low Average Order Value, and relatively high logistics costs.In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE's no longer pursuing this strategy is a clear positive, in our view,\" Goodridge said in a client note.The analyst finds the current companys market valuation as attractive.UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.\"We believe the exit should be viewed positively by the market:This supports management's commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,\" Killa wrote in a memo.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9019316666,"gmtCreate":1648528324662,"gmtModify":1676534350578,"author":{"id":"4099285253763630","authorId":"4099285253763630","name":"Steven Tay","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4099285253763630","authorIdStr":"4099285253763630"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019316666","repostId":2222894058,"repostType":4,"repost":{"id":"2222894058","pubTimestamp":1648524779,"share":"https://ttm.financial/m/news/2222894058?lang=&edition=fundamental","pubTime":"2022-03-29 11:32","market":"us","language":"en","title":"Sea's Decision to Close India Operations Seen as a \"Clear Positive\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2222894058","media":"StreetInsider","summary":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down i","content":"<html><head></head><body><p>Singapore-based global consumer internet company <a href=\"https://laohu8.com/S/SE\">Sea</a> said its e-commerce arm Shopee will shut down its operations in India amid the company&#39;s poor growth outlook.</p><p>This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea&#39;s Free Fire app. The ban wiped off $16 billion of Sea&#39;s market value in a single day, prompting some investors to offload the company&#39;s shares.</p><p>Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.</p><p>A few weeks ago, <a href=\"https://laohu8.com/S/SE\">Sea</a> said it expects Shopee&#39;s revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.</p><p>Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.</p><p>&#34;We view this as a positive announcement for two key reasons:</p><ul><li>Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;</li></ul><ul><li>It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee&#39;s very low Average Order Value, and relatively high logistics costs.</li></ul><p>In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE&#39;s no longer pursuing this strategy is a clear positive, in our view,&#34; Goodridge said in a client note.</p><p>The analyst finds the current companys market valuation as attractive.</p><p><b>UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.</b></p><p>&#34;We believe the exit should be viewed positively by the market:</p><ul><li>This supports management&#39;s commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);</li><li>It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,&#34; Killa wrote in a memo.</li></ul></body></html>","source":"highlight_streetinsider","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's Decision to Close India Operations Seen as a \"Clear Positive\"</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; 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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's Decision to Close India Operations Seen as a \"Clear Positive\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-29 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee...</p>\n\n<a href=\"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4581":"高盛持仓","BK4085":"互动家庭娱乐","BK4554":"元宇宙及AR概念","BK4566":"资本集团","BK4503":"景林资产持仓","BK4535":"淡马锡持仓","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓"},"source_url":"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2222894058","content_text":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea's Free Fire app. The ban wiped off $16 billion of Sea's market value in a single day, prompting some investors to offload the company's shares.Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.A few weeks ago, Sea said it expects Shopee's revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.\"We view this as a positive announcement for two key reasons:Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee's very low Average Order Value, and relatively high logistics costs.In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE's no longer pursuing this strategy is a clear positive, in our view,\" Goodridge said in a client note.The analyst finds the current companys market valuation as attractive.UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.\"We believe the exit should be viewed positively by the market:This supports management's commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,\" Killa wrote in a memo.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9019311162,"gmtCreate":1648527936246,"gmtModify":1676534350499,"author":{"id":"3556067163769372","authorId":"3556067163769372","name":"InfiniteChaos","avatar":"https://community-static.tradeup.com/news/c3e5e6547a0bd93106f07e13bd68d504","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3556067163769372","authorIdStr":"3556067163769372"},"htmlText":"I don't understand&nbsp;why India can ban free fire. isnt there a trade deal between Singapore And India?&nbsp;","listText":"I don't understand&nbsp;why India can ban free fire. isnt there a trade deal between Singapore And India?&nbsp;","text":"I don't understand why India can ban free fire. isnt there a trade deal between Singapore And India?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019311162","repostId":2222894058,"repostType":2,"repost":{"id":"2222894058","pubTimestamp":1648524779,"share":"https://ttm.financial/m/news/2222894058?lang=&edition=fundamental","pubTime":"2022-03-29 11:32","market":"us","language":"en","title":"Sea's Decision to Close India Operations Seen as a \"Clear Positive\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2222894058","media":"StreetInsider","summary":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down i","content":"<html><head></head><body><p>Singapore-based global consumer internet company <a href=\"https://laohu8.com/S/SE\">Sea</a> said its e-commerce arm Shopee will shut down its operations in India amid the company&#39;s poor growth outlook.</p><p>This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea&#39;s Free Fire app. The ban wiped off $16 billion of Sea&#39;s market value in a single day, prompting some investors to offload the company&#39;s shares.</p><p>Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.</p><p>A few weeks ago, <a href=\"https://laohu8.com/S/SE\">Sea</a> said it expects Shopee&#39;s revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.</p><p>Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.</p><p>&#34;We view this as a positive announcement for two key reasons:</p><ul><li>Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;</li></ul><ul><li>It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee&#39;s very low Average Order Value, and relatively high logistics costs.</li></ul><p>In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE&#39;s no longer pursuing this strategy is a clear positive, in our view,&#34; Goodridge said in a client note.</p><p>The analyst finds the current companys market valuation as attractive.</p><p><b>UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.</b></p><p>&#34;We believe the exit should be viewed positively by the market:</p><ul><li>This supports management&#39;s commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);</li><li>It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,&#34; Killa wrote in a memo.</li></ul></body></html>","source":"highlight_streetinsider","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's Decision to Close India Operations Seen as a \"Clear Positive\"</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; 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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's Decision to Close India Operations Seen as a \"Clear Positive\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-29 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee...</p>\n\n<a href=\"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4581":"高盛持仓","BK4085":"互动家庭娱乐","BK4554":"元宇宙及AR概念","BK4566":"资本集团","BK4503":"景林资产持仓","BK4535":"淡马锡持仓","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓"},"source_url":"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2222894058","content_text":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea's Free Fire app. The ban wiped off $16 billion of Sea's market value in a single day, prompting some investors to offload the company's shares.Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.A few weeks ago, Sea said it expects Shopee's revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.\"We view this as a positive announcement for two key reasons:Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee's very low Average Order Value, and relatively high logistics costs.In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE's no longer pursuing this strategy is a clear positive, in our view,\" Goodridge said in a client note.The analyst finds the current companys market valuation as attractive.UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.\"We believe the exit should be viewed positively by the market:This supports management's commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,\" Killa wrote in a memo.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9019311096,"gmtCreate":1648527860588,"gmtModify":1676534350490,"author":{"id":"3580011914778910","authorId":"3580011914778910","name":"VivianChua","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3580011914778910","authorIdStr":"3580011914778910"},"htmlText":"Great news💚💚💚","listText":"Great news💚💚💚","text":"Great news💚💚💚","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019311096","repostId":2222894058,"repostType":4,"repost":{"id":"2222894058","pubTimestamp":1648524779,"share":"https://ttm.financial/m/news/2222894058?lang=&edition=fundamental","pubTime":"2022-03-29 11:32","market":"us","language":"en","title":"Sea's Decision to Close India Operations Seen as a \"Clear Positive\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2222894058","media":"StreetInsider","summary":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down i","content":"<html><head></head><body><p>Singapore-based global consumer internet company <a href=\"https://laohu8.com/S/SE\">Sea</a> said its e-commerce arm Shopee will shut down its operations in India amid the company&#39;s poor growth outlook.</p><p>This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea&#39;s Free Fire app. The ban wiped off $16 billion of Sea&#39;s market value in a single day, prompting some investors to offload the company&#39;s shares.</p><p>Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.</p><p>A few weeks ago, <a href=\"https://laohu8.com/S/SE\">Sea</a> said it expects Shopee&#39;s revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.</p><p>Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.</p><p>&#34;We view this as a positive announcement for two key reasons:</p><ul><li>Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;</li></ul><ul><li>It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee&#39;s very low Average Order Value, and relatively high logistics costs.</li></ul><p>In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE&#39;s no longer pursuing this strategy is a clear positive, in our view,&#34; Goodridge said in a client note.</p><p>The analyst finds the current companys market valuation as attractive.</p><p><b>UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.</b></p><p>&#34;We believe the exit should be viewed positively by the market:</p><ul><li>This supports management&#39;s commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);</li><li>It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,&#34; Killa wrote in a memo.</li></ul></body></html>","source":"highlight_streetinsider","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's Decision to Close India Operations Seen as a \"Clear Positive\"</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; 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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's Decision to Close India Operations Seen as a \"Clear Positive\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-29 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee...</p>\n\n<a href=\"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4581":"高盛持仓","BK4085":"互动家庭娱乐","BK4554":"元宇宙及AR概念","BK4566":"资本集团","BK4503":"景林资产持仓","BK4535":"淡马锡持仓","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓"},"source_url":"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2222894058","content_text":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea's Free Fire app. The ban wiped off $16 billion of Sea's market value in a single day, prompting some investors to offload the company's shares.Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.A few weeks ago, Sea said it expects Shopee's revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.\"We view this as a positive announcement for two key reasons:Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee's very low Average Order Value, and relatively high logistics costs.In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE's no longer pursuing this strategy is a clear positive, in our view,\" Goodridge said in a client note.The analyst finds the current companys market valuation as attractive.UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.\"We believe the exit should be viewed positively by the market:This supports management's commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,\" Killa wrote in a memo.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9019313553,"gmtCreate":1648527829425,"gmtModify":1676534350483,"author":{"id":"4109941540501062","authorId":"4109941540501062","name":"买香蕉也用券","avatar":"https://community-static.tradeup.com/news/bd3a71caa40eb6e0d2468ff0ffa1a967","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":1,"idStr":"4109941540501062","authorIdStr":"4109941540501062"},"htmlText":"？？？ didn'tyour CEO said will continue burning cash? Why did u stop expanding? Pls let me short u more to below 100!","listText":"？？？ didn'tyour CEO said will continue burning cash? Why did u stop expanding? Pls let me short u more to below 100!","text":"？？？ didn'tyour CEO said will continue burning cash? Why did u stop expanding? Pls let me short u more to below 100!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019313553","repostId":2222894058,"repostType":2,"repost":{"id":"2222894058","pubTimestamp":1648524779,"share":"https://ttm.financial/m/news/2222894058?lang=&edition=fundamental","pubTime":"2022-03-29 11:32","market":"us","language":"en","title":"Sea's Decision to Close India Operations Seen as a \"Clear Positive\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2222894058","media":"StreetInsider","summary":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down i","content":"<html><head></head><body><p>Singapore-based global consumer internet company <a href=\"https://laohu8.com/S/SE\">Sea</a> said its e-commerce arm Shopee will shut down its operations in India amid the company&#39;s poor growth outlook.</p><p>This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea&#39;s Free Fire app. The ban wiped off $16 billion of Sea&#39;s market value in a single day, prompting some investors to offload the company&#39;s shares.</p><p>Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.</p><p>A few weeks ago, <a href=\"https://laohu8.com/S/SE\">Sea</a> said it expects Shopee&#39;s revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.</p><p>Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.</p><p>&#34;We view this as a positive announcement for two key reasons:</p><ul><li>Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;</li></ul><ul><li>It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee&#39;s very low Average Order Value, and relatively high logistics costs.</li></ul><p>In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE&#39;s no longer pursuing this strategy is a clear positive, in our view,&#34; Goodridge said in a client note.</p><p>The analyst finds the current companys market valuation as attractive.</p><p><b>UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.</b></p><p>&#34;We believe the exit should be viewed positively by the market:</p><ul><li>This supports management&#39;s commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);</li><li>It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,&#34; Killa wrote in a memo.</li></ul></body></html>","source":"highlight_streetinsider","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's Decision to Close India Operations Seen as a \"Clear Positive\"</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; 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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's Decision to Close India Operations Seen as a \"Clear Positive\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-29 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee...</p>\n\n<a href=\"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4581":"高盛持仓","BK4085":"互动家庭娱乐","BK4554":"元宇宙及AR概念","BK4566":"资本集团","BK4503":"景林资产持仓","BK4535":"淡马锡持仓","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓"},"source_url":"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2222894058","content_text":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea's Free Fire app. The ban wiped off $16 billion of Sea's market value in a single day, prompting some investors to offload the company's shares.Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.A few weeks ago, Sea said it expects Shopee's revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.\"We view this as a positive announcement for two key reasons:Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee's very low Average Order Value, and relatively high logistics costs.In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE's no longer pursuing this strategy is a clear positive, in our view,\" Goodridge said in a client note.The analyst finds the current companys market valuation as attractive.UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.\"We believe the exit should be viewed positively by the market:This supports management's commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,\" Killa wrote in a memo.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9019313258,"gmtCreate":1648527783023,"gmtModify":1676534350482,"author":{"id":"3584955097359320","authorId":"3584955097359320","name":"FlareSpark","avatar":"https://static.tigerbbs.com/38942f5d417a8d645800903b08402b4e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3584955097359320","authorIdStr":"3584955097359320"},"htmlText":"Stop bleeding before too late&nbsp;","listText":"Stop bleeding before too late&nbsp;","text":"Stop bleeding before too late","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019313258","repostId":2222894058,"repostType":4,"repost":{"id":"2222894058","pubTimestamp":1648524779,"share":"https://ttm.financial/m/news/2222894058?lang=&edition=fundamental","pubTime":"2022-03-29 11:32","market":"us","language":"en","title":"Sea's Decision to Close India Operations Seen as a \"Clear Positive\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2222894058","media":"StreetInsider","summary":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down i","content":"<html><head></head><body><p>Singapore-based global consumer internet company <a href=\"https://laohu8.com/S/SE\">Sea</a> said its e-commerce arm Shopee will shut down its operations in India amid the company&#39;s poor growth outlook.</p><p>This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea&#39;s Free Fire app. The ban wiped off $16 billion of Sea&#39;s market value in a single day, prompting some investors to offload the company&#39;s shares.</p><p>Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.</p><p>A few weeks ago, <a href=\"https://laohu8.com/S/SE\">Sea</a> said it expects Shopee&#39;s revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.</p><p>Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.</p><p>&#34;We view this as a positive announcement for two key reasons:</p><ul><li>Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;</li></ul><ul><li>It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee&#39;s very low Average Order Value, and relatively high logistics costs.</li></ul><p>In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE&#39;s no longer pursuing this strategy is a clear positive, in our view,&#34; Goodridge said in a client note.</p><p>The analyst finds the current companys market valuation as attractive.</p><p><b>UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.</b></p><p>&#34;We believe the exit should be viewed positively by the market:</p><ul><li>This supports management&#39;s commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);</li><li>It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,&#34; Killa wrote in a memo.</li></ul></body></html>","source":"highlight_streetinsider","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's Decision to Close India Operations Seen as a \"Clear Positive\"</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; 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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's Decision to Close India Operations Seen as a \"Clear Positive\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-29 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee...</p>\n\n<a href=\"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4581":"高盛持仓","BK4085":"互动家庭娱乐","BK4554":"元宇宙及AR概念","BK4566":"资本集团","BK4503":"景林资产持仓","BK4535":"淡马锡持仓","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓"},"source_url":"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2222894058","content_text":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea's Free Fire app. The ban wiped off $16 billion of Sea's market value in a single day, prompting some investors to offload the company's shares.Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.A few weeks ago, Sea said it expects Shopee's revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.\"We view this as a positive announcement for two key reasons:Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee's very low Average Order Value, and relatively high logistics costs.In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE's no longer pursuing this strategy is a clear positive, in our view,\" Goodridge said in a client note.The analyst finds the current companys market valuation as attractive.UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.\"We believe the exit should be viewed positively by the market:This supports management's commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,\" Killa wrote in a memo.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9019319516,"gmtCreate":1648527590930,"gmtModify":1676534350467,"author":{"id":"4096283186816230","authorId":"4096283186816230","name":"Jerrya","avatar":"https://community-static.tradeup.com/news/87d09c22b7fc1288834c4ee500be2aac","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":0,"idStr":"4096283186816230","authorIdStr":"4096283186816230"},"htmlText":"Thanks for the insights","listText":"Thanks for the insights","text":"Thanks for the insights","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019319516","repostId":2222894058,"repostType":2,"repost":{"id":"2222894058","pubTimestamp":1648524779,"share":"https://ttm.financial/m/news/2222894058?lang=&edition=fundamental","pubTime":"2022-03-29 11:32","market":"us","language":"en","title":"Sea's Decision to Close India Operations Seen as a \"Clear Positive\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2222894058","media":"StreetInsider","summary":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down i","content":"<html><head></head><body><p>Singapore-based global consumer internet company <a href=\"https://laohu8.com/S/SE\">Sea</a> said its e-commerce arm Shopee will shut down its operations in India amid the company&#39;s poor growth outlook.</p><p>This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea&#39;s Free Fire app. The ban wiped off $16 billion of Sea&#39;s market value in a single day, prompting some investors to offload the company&#39;s shares.</p><p>Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.</p><p>A few weeks ago, <a href=\"https://laohu8.com/S/SE\">Sea</a> said it expects Shopee&#39;s revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.</p><p>Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.</p><p>&#34;We view this as a positive announcement for two key reasons:</p><ul><li>Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;</li></ul><ul><li>It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee&#39;s very low Average Order Value, and relatively high logistics costs.</li></ul><p>In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE&#39;s no longer pursuing this strategy is a clear positive, in our view,&#34; Goodridge said in a client note.</p><p>The analyst finds the current companys market valuation as attractive.</p><p><b>UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.</b></p><p>&#34;We believe the exit should be viewed positively by the market:</p><ul><li>This supports management&#39;s commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);</li><li>It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,&#34; Killa wrote in a memo.</li></ul></body></html>","source":"highlight_streetinsider","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's Decision to Close India Operations Seen as a \"Clear Positive\"</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; 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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's Decision to Close India Operations Seen as a \"Clear Positive\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-29 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee...</p>\n\n<a href=\"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4581":"高盛持仓","BK4085":"互动家庭娱乐","BK4554":"元宇宙及AR概念","BK4566":"资本集团","BK4503":"景林资产持仓","BK4535":"淡马锡持仓","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓"},"source_url":"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2222894058","content_text":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea's Free Fire app. The ban wiped off $16 billion of Sea's market value in a single day, prompting some investors to offload the company's shares.Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.A few weeks ago, Sea said it expects Shopee's revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.\"We view this as a positive announcement for two key reasons:Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee's very low Average Order Value, and relatively high logistics costs.In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE's no longer pursuing this strategy is a clear positive, in our view,\" Goodridge said in a client note.The analyst finds the current companys market valuation as attractive.UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.\"We believe the exit should be viewed positively by the market:This supports management's commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,\" Killa wrote in a memo.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9019337327,"gmtCreate":1648526920045,"gmtModify":1676534350393,"author":{"id":"3582891836402828","authorId":"3582891836402828","name":"LionKingAir","avatar":"https://static.tigerbbs.com/94f60573baa578de19304c643193dad9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582891836402828","authorIdStr":"3582891836402828"},"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019337327","repostId":2222894058,"repostType":4,"repost":{"id":"2222894058","pubTimestamp":1648524779,"share":"https://ttm.financial/m/news/2222894058?lang=&edition=fundamental","pubTime":"2022-03-29 11:32","market":"us","language":"en","title":"Sea's Decision to Close India Operations Seen as a \"Clear Positive\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2222894058","media":"StreetInsider","summary":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down i","content":"<html><head></head><body><p>Singapore-based global consumer internet company <a href=\"https://laohu8.com/S/SE\">Sea</a> said its e-commerce arm Shopee will shut down its operations in India amid the company&#39;s poor growth outlook.</p><p>This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea&#39;s Free Fire app. The ban wiped off $16 billion of Sea&#39;s market value in a single day, prompting some investors to offload the company&#39;s shares.</p><p>Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.</p><p>A few weeks ago, <a href=\"https://laohu8.com/S/SE\">Sea</a> said it expects Shopee&#39;s revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.</p><p>Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.</p><p>&#34;We view this as a positive announcement for two key reasons:</p><ul><li>Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;</li></ul><ul><li>It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee&#39;s very low Average Order Value, and relatively high logistics costs.</li></ul><p>In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE&#39;s no longer pursuing this strategy is a clear positive, in our view,&#34; Goodridge said in a client note.</p><p>The analyst finds the current companys market valuation as attractive.</p><p><b>UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.</b></p><p>&#34;We believe the exit should be viewed positively by the market:</p><ul><li>This supports management&#39;s commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);</li><li>It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,&#34; Killa wrote in a memo.</li></ul></body></html>","source":"highlight_streetinsider","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's Decision to Close India Operations Seen as a \"Clear Positive\"</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; 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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's Decision to Close India Operations Seen as a \"Clear Positive\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-29 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee...</p>\n\n<a href=\"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4581":"高盛持仓","BK4085":"互动家庭娱乐","BK4554":"元宇宙及AR概念","BK4566":"资本集团","BK4503":"景林资产持仓","BK4535":"淡马锡持仓","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓"},"source_url":"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2222894058","content_text":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea's Free Fire app. The ban wiped off $16 billion of Sea's market value in a single day, prompting some investors to offload the company's shares.Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.A few weeks ago, Sea said it expects Shopee's revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.\"We view this as a positive announcement for two key reasons:Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee's very low Average Order Value, and relatively high logistics costs.In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE's no longer pursuing this strategy is a clear positive, in our view,\" Goodridge said in a client note.The analyst finds the current companys market valuation as attractive.UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.\"We believe the exit should be viewed positively by the market:This supports management's commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,\" Killa wrote in a memo.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9019334069,"gmtCreate":1648526607297,"gmtModify":1676534350361,"author":{"id":"3577433295437037","authorId":"3577433295437037","name":"Noob6","avatar":"https://static.tigerbbs.com/395476a9381e76bd4cd6eb8b78eddc5e","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3577433295437037","authorIdStr":"3577433295437037"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019334069","repostId":2222894058,"repostType":4,"repost":{"id":"2222894058","pubTimestamp":1648524779,"share":"https://ttm.financial/m/news/2222894058?lang=&edition=fundamental","pubTime":"2022-03-29 11:32","market":"us","language":"en","title":"Sea's Decision to Close India Operations Seen as a \"Clear Positive\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2222894058","media":"StreetInsider","summary":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down i","content":"<html><head></head><body><p>Singapore-based global consumer internet company <a href=\"https://laohu8.com/S/SE\">Sea</a> said its e-commerce arm Shopee will shut down its operations in India amid the company&#39;s poor growth outlook.</p><p>This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea&#39;s Free Fire app. The ban wiped off $16 billion of Sea&#39;s market value in a single day, prompting some investors to offload the company&#39;s shares.</p><p>Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.</p><p>A few weeks ago, <a href=\"https://laohu8.com/S/SE\">Sea</a> said it expects Shopee&#39;s revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.</p><p>Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.</p><p>&#34;We view this as a positive announcement for two key reasons:</p><ul><li>Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;</li></ul><ul><li>It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee&#39;s very low Average Order Value, and relatively high logistics costs.</li></ul><p>In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE&#39;s no longer pursuing this strategy is a clear positive, in our view,&#34; Goodridge said in a client note.</p><p>The analyst finds the current companys market valuation as attractive.</p><p><b>UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.</b></p><p>&#34;We believe the exit should be viewed positively by the market:</p><ul><li>This supports management&#39;s commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);</li><li>It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,&#34; Killa wrote in a memo.</li></ul></body></html>","source":"highlight_streetinsider","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's Decision to Close India Operations Seen as a \"Clear Positive\"</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; 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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's Decision to Close India Operations Seen as a \"Clear Positive\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-29 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee...</p>\n\n<a href=\"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4581":"高盛持仓","BK4085":"互动家庭娱乐","BK4554":"元宇宙及AR概念","BK4566":"资本集团","BK4503":"景林资产持仓","BK4535":"淡马锡持仓","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓"},"source_url":"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2222894058","content_text":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea's Free Fire app. The ban wiped off $16 billion of Sea's market value in a single day, prompting some investors to offload the company's shares.Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.A few weeks ago, Sea said it expects Shopee's revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.\"We view this as a positive announcement for two key reasons:Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee's very low Average Order Value, and relatively high logistics costs.In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE's no longer pursuing this strategy is a clear positive, in our view,\" Goodridge said in a client note.The analyst finds the current companys market valuation as attractive.UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.\"We believe the exit should be viewed positively by the market:This supports management's commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,\" Killa wrote in a memo.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9019333557,"gmtCreate":1648525149893,"gmtModify":1676534350132,"author":{"id":"3579044609497336","authorId":"3579044609497336","name":"LEESIMON","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":8,"crmLevelSwitch":1,"idStr":"3579044609497336","authorIdStr":"3579044609497336"},"htmlText":"Great potential&nbsp;","listText":"Great potential&nbsp;","text":"Great potential","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019333557","repostId":2222894058,"repostType":4,"repost":{"id":"2222894058","pubTimestamp":1648524779,"share":"https://ttm.financial/m/news/2222894058?lang=&edition=fundamental","pubTime":"2022-03-29 11:32","market":"us","language":"en","title":"Sea's Decision to Close India Operations Seen as a \"Clear Positive\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2222894058","media":"StreetInsider","summary":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down i","content":"<html><head></head><body><p>Singapore-based global consumer internet company <a href=\"https://laohu8.com/S/SE\">Sea</a> said its e-commerce arm Shopee will shut down its operations in India amid the company&#39;s poor growth outlook.</p><p>This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea&#39;s Free Fire app. The ban wiped off $16 billion of Sea&#39;s market value in a single day, prompting some investors to offload the company&#39;s shares.</p><p>Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.</p><p>A few weeks ago, <a href=\"https://laohu8.com/S/SE\">Sea</a> said it expects Shopee&#39;s revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.</p><p>Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.</p><p>&#34;We view this as a positive announcement for two key reasons:</p><ul><li>Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;</li></ul><ul><li>It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee&#39;s very low Average Order Value, and relatively high logistics costs.</li></ul><p>In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE&#39;s no longer pursuing this strategy is a clear positive, in our view,&#34; Goodridge said in a client note.</p><p>The analyst finds the current companys market valuation as attractive.</p><p><b>UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.</b></p><p>&#34;We believe the exit should be viewed positively by the market:</p><ul><li>This supports management&#39;s commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);</li><li>It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,&#34; Killa wrote in a memo.</li></ul></body></html>","source":"highlight_streetinsider","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's Decision to Close India Operations Seen as a \"Clear Positive\"</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; 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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's Decision to Close India Operations Seen as a \"Clear Positive\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-29 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee...</p>\n\n<a href=\"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4581":"高盛持仓","BK4085":"互动家庭娱乐","BK4554":"元宇宙及AR概念","BK4566":"资本集团","BK4503":"景林资产持仓","BK4535":"淡马锡持仓","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓"},"source_url":"https://www.streetinsider.com/Analyst+Comments/Seas+%28SE%29+Decision+to+Close+India+Operations+Seen+as+a+Clear+Positive/19830451.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2222894058","content_text":"Singapore-based global consumer internet company Sea said its e-commerce arm Shopee will shut down its operations in India amid the company's poor growth outlook.This is the second pullback for Shopee this month, just several weeks after it exited the market in France and after India banned Sea's Free Fire app. The ban wiped off $16 billion of Sea's market value in a single day, prompting some investors to offload the company's shares.Shopee said the pullback comes as a result of global market uncertainties and that the company will do its best to make the process as smooth as possible.A few weeks ago, Sea said it expects Shopee's revenue growth to decline to roughly 76% in 2022, after seeing an outstanding 157% growth last year, due to weaker engagements and online purchases.Morgan Stanley analyst Mark Goodridge sees the decision as a clear positive for SE as we have struggled to make the underlying unit economics work in the India market.\"We view this as a positive announcement for two key reasons:Management has continued to demonstrate a flexible capital allocation process, where now the risk return on entering India is no longer attractive;It should help to control expanding e-commerce losses ... we have always struggled to make the unit economics for Shopee India work “ this is due to the very competitive landscape, Shopee's very low Average Order Value, and relatively high logistics costs.In our note Sea Ltd: Shopee Poland + Shopee India = More Upside, we highlighted that for Shopee to win ~5% GMV market it would cost up to ~US$900m in annual EBITDA losses. Hence, SE's no longer pursuing this strategy is a clear positive, in our view,\" Goodridge said in a client note.The analyst finds the current companys market valuation as attractive.UBS analyst Navin Killa also reflected positively on SEs decision, saying it may signal an improving discipline in cash burn.\"We believe the exit should be viewed positively by the market:This supports management's commentary during FY21 earnings call that the company would take a more calibrated approach towards investments especially on international opportunities ex-ASEAN and Taiwan (with Brazil as the key focus);It removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as Amazon (NASDAQ:AMZN), Flipkart and JioMart,\" Killa wrote in a memo.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":220,"commentSize":16,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}