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-   -   SEA (Garena) (https://forums.salary.sg/companies/12623-sea-garena.html)

Unregistered 26-05-2020 02:57 PM

Quote:

Originally Posted by Unregistered (Post 135254)
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.

Unregistered 26-05-2020 06:16 PM

Quote:

Originally Posted by Unregistered (Post 135270)
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!

Unregistered 26-05-2020 06:48 PM

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

Unregistered 26-05-2020 08:49 PM

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)?

Unregistered 26-05-2020 11:00 PM

Quote:

Originally Posted by Unregistered (Post 135270)
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

Unregistered 27-05-2020 04:36 PM

Quote:

Originally Posted by Unregistered (Post 135312)
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.

Unregistered 27-05-2020 06:52 PM

Quote:

Originally Posted by Unregistered (Post 135323)
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.

Unregistered 02-07-2020 04:48 PM

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

Unregistered 21-01-2021 10:47 PM

lol where are all the people who were trashing SEA?

Unregistered 04-04-2021 02:38 PM

Progression, salary, culture? Anyone?


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