Shopee

Broker's Calls

TikTok Shop Indonesia's combination with Tokopedia a net negative for Sea's Shopee

Shopee is expected to fight vigorously for market share in Indonesia following the move by TikTok and GoTo.
The new kings and queens of content - THE EDGE SINGAPORE

Digital Economy

The new kings and queens of content

A bigger, newer and more competitive creator economy around live streaming is emerging and Southeast Asia is dominating.
Increased regional competition and spending by Sea has PhillipCapital and Maybank lowering TP to US$61 and U$62 - THE EDGE SINGAPORE

Broker's Calls

Increased regional competition and spending by Sea has PhillipCapital and Maybank lowering TP to US$61 and U$62

Sea is gaining market share against competitors, but has come at a cost of profitability.
DBS raises Sea’s TP  to US$78 on Indonesia’s social commerce ban - THE EDGE SINGAPORE

Broker's Calls

DBS raises Sea’s TP to US$78 on Indonesia’s social commerce ban

Any disruptions that TikTok sellers experience during the transition would likely be beneficial to Shopee.

Tech

Sea cuts more jobs at Shopee days after posting surprise profit

The latest cuts affect fewer than 500 full-time and contract workers in Shopee’s customer service team in Indonesia.
Sea’s share price to remain volatile near term on slower topline growth in FY2023: CGS-CIMB - THE EDGE SINGAPORE

Broker's Calls

Sea’s share price to remain volatile near term on slower topline growth in FY2023: CGS-CIMB

The analyst forecast Sea to achieve adjusted ebitda breakeven by 2QFY2023

Tech

Sea's Shopee faces boycott calls in Philippines over brand ambassador

The backlash presents a new headache for Singapore-based Sea, already beset by ballooning losses,
Sea's losses increase by 114% y-o-y in 2QFY2022 - THE EDGE SINGAPORE

Results

Sea's losses increase by 114% y-o-y in 2QFY2022

Notable expenditures were from R&D, as well as general and administrative expenses.

Global Economy

Briefs: Ukraine President Zelensky says shortage of foodstuff will 'inexorably' lead to political chaos

In other news, the US Fed announced largest rate hike in 28 years, with more to come.

Tech

Sea cuts jobs in shopping, food in first major downsizing

Southeast Asia’s largest tech firm plans to let employees go across its e-commerce division Shopee.
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