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Topic Review (Newest First)
02-07-2020 04:48 PM
Unregistered 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
27-05-2020 06:52 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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.
27-05-2020 04:36 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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.
26-05-2020 11:00 PM
Unregistered
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
26-05-2020 08:49 PM
Unregistered 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)?
26-05-2020 06:48 PM
Unregistered 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
26-05-2020 06:16 PM
Unregistered
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.
I see, thanks a lot for the explanation!
26-05-2020 02:57 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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.
26-05-2020 01:31 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
pls learn to read segment reporting
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
26-05-2020 11:46 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
please learn to read financial statements.

here, i'll help you.

s://cdngarenanow-a.akamaihd.net/webmain/static/resource/seagroup/press/2020-04-14%20-%20Form%2020-F.PDF

scroll to page 157.

SEA Group
2017: 558mil LOSS
2018: 957mil LOSS
2019: 1.472bil LOSS

also, look up on how to read consolidated statements of comprehensive income/loss.


source: s://.seagroup.com/investor/annualreport
pls learn to read segment reporting
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