Return of the kings?-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Return of the kings?

pekss
08-10

Once the prides of the e-commerce universe, $TENCENT(00700)$ , $Alibaba(BABA)$ , $JD.com(JD)$ , $Sea Ltd(SE)$ and $Grab Holdings(GRAB)$ have since fallen from grace. Fortunes of the Chinese trio have diminished since the regulatory crackdown of the technology sector in China, while our local duo are not spared either after the mad rush for e-commerce and e-gaming subsided after lives return to normal post-COVID pandemic.

Eyes will be on their latest earnings results when Sea announces its performance on 13 August, followed by Tencent on 14 August and lastly Alibaba, JD.com and Grab on 15 August. I believe that the recent selldown on everything tech-related is overdone. In the case of the e-commerce sector, I believe that the online buying, e-gaming and live streaming phenomena and habits developed during the COVID pandemic will be here to stay post-pandemic. Personally, I've been spending more online in the recent years as I grow accustomed to the convenience of online shopping.

Shopify had posted an earnings beat and encouraging business outlook when the e-commerce platform enabler released its earnings results this week, sending its stock rallying over 20%. Hopefully, this is setting a positive tone and bullish precursor for the forthcoming earnings releases by Tencent, Alibaba, JD.com, Sea and Grab next week, as they bring cheers to the e-commerce sector and broader market.

@MillionaireTiger @TigerWire

# 💰 Stocks to watch today?(25 Nov)

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AuntieAaA
·08-10
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Personally, I've been spending more online in the recent years as I grow accustomed to the convenience of online shopping.</p>\n<p>Shopify had posted an earnings beat and encouraging business outlook when the e-commerce platform enabler released its earnings results this week, sending its stock rallying over 20%. 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