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  #11 (permalink)  
Old 26-05-2020, 02:57 PM
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Not the person you are replying to, but could you elaborate further on segment reporting? Basically, how to read the numbers in the report? Looks like big losses to an average Joe
SEA comprises of three main but separate segments. Garena (gaming), Shopee (ecommerce) and SeaMoney (Financial Svcs). Under FRS/IFRS rules, they are required to disclose the key performance for each segment separately. You can get a sense of how each segment are performing by looking at these numbers.

While it is true that SEA (on a consol level) is making losses, these losses primarily stem from Shopee. This is typical for start-ups in the period of growth. Whether this is sustainable or not is another question.

So, it will be unfair and inaccurate to say that just because SEA is making losses on a consol level, the entire SEA is a lousy company.

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  #12 (permalink)  
Old 26-05-2020, 06:16 PM
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SEA comprises of three main but separate segments. Garena (gaming), Shopee (ecommerce) and SeaMoney (Financial Svcs). Under FRS/IFRS rules, they are required to disclose the key performance for each segment separately. You can get a sense of how each segment are performing by looking at these numbers.

While it is true that SEA (on a consol level) is making losses, these losses primarily stem from Shopee. This is typical for start-ups in the period of growth. Whether this is sustainable or not is another question.

So, it will be unfair and inaccurate to say that just because SEA is making losses on a consol level, the entire SEA is a lousy company.
I see, thanks a lot for the explanation!

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  #13 (permalink)  
Old 26-05-2020, 06:48 PM
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Would you work for Tesla? Tesla was bleeding cash for several years but has since became profitable.

Look at their stock price.

Now look at SEA stock price >> reflection of a high growth company

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  #14 (permalink)  
Old 26-05-2020, 08:49 PM
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How can sea possibly compete with Amazon or Alibaba in the e-commerce scene. (Amazon is pretty much available worldwide, Alibaba- taobao is also a big player in the e-commerce scene in Asia)?
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  #15 (permalink)  
Old 26-05-2020, 11:00 PM
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Quote:
Originally Posted by Unregistered View Post
SEA comprises of three main but separate segments. Garena (gaming), Shopee (ecommerce) and SeaMoney (Financial Svcs). Under FRS/IFRS rules, they are required to disclose the key performance for each segment separately. You can get a sense of how each segment are performing by looking at these numbers.

While it is true that SEA (on a consol level) is making losses, these losses primarily stem from Shopee. This is typical for start-ups in the period of growth. Whether this is sustainable or not is another question.

So, it will be unfair and inaccurate to say that just because SEA is making losses on a consol level, the entire SEA is a lousy company.
yeah come on, seamoney (formerly airpay) is equally sh!t la hor

nothing except garena is good.
and the only saving grace is league of legends.

so you wanna buy into sea group just for 1 online multiplayer game? LEL


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  #16 (permalink)  
Old 27-05-2020, 04:36 PM
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How can sea possibly compete with Amazon or Alibaba in the e-commerce scene. (Amazon is pretty much available worldwide, Alibaba- taobao is also a big player in the e-commerce scene in Asia)?
Well, Amazon got kicked in the teeth in China so bad that they can to move out of the country.

In SEA, the fight is still on-going and while there are many players like Lazada, Shopee is doing well enough on it's own.
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  #17 (permalink)  
Old 27-05-2020, 06:52 PM
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yeah come on, seamoney (formerly airpay) is equally sh!t la hor

nothing except garena is good.
and the only saving grace is league of legends.

so you wanna buy into sea group just for 1 online multiplayer game? LEL
Work at Riot Games SG if you wanna focus on LoL.
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  #18 (permalink)  
Old 02-07-2020, 04:48 PM
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don't need talk so much. just see this, fresh from the oven

s://.businesstimes.com.sg/garage/brokers-take-dbs-downgrades-sea-to-sell-on-e-wallet-drag-rich-valuations?utm_source=telegram&utm_medium=social-organic
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  #19 (permalink)  
Old 21-01-2021, 10:47 PM
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lol where are all the people who were trashing SEA?
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  #20 (permalink)  
Old 04-04-2021, 02:38 PM
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Progression, salary, culture? Anyone?
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