Sea, a Singapore-based but New York-listed egaming and ecommerce company, became the best-performing large-cap stock on Wall Street in August 2020. Along the way, it overtook DBS Group Holdings as the largest Singapore company by market value.
While Covid-19 has decimated many industries and economies, it has accelerated the “digitalisation” of the economy, widespread acceptance of remote working arrangements, and, some might say, overall reliance on technology.
Stocks such as Zoom, Amazon and Netflix reached new highs at the height of the pandemic where everyone generally relied heavily on video calls, online shopping and stay-home entertainment in the midst of social distancing measures.
