Sea Limited's (SE) U.S.-listed shares jumped Tuesday after the Singapore-based company posted better-than-expected sales on strong demand for its e-commerce and financial services.
Sea Limited (NYSE:SE ) Q3 2024 Earnings Conference Call November 12, 2024 7:30 AM ET Company Participants M.C. Koh - Director, IR Forrest Li - Founder, Chairman & CEO Tony Hou - CFO Conference Call Participants Pang Vitt - Goldman Sachs Alicia Yap - Citigroup John Choi - Daiwa Thomas Chong - Jefferies Divya Kothiyal - Morgan Stanley Rishabh Dhancholia - HSBC Ranjan Sharma - JPMorgan Sachin Salgaonkar - Bank of America Merrill Lynch Jiong Shao - Barclays Operator Good morning and good evening to all, and welcome to the Sea Limited Third Quarter 2024 Results Conference Call.
Although the revenue and EPS for Sea Limited (SE) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Sea Limited stock is up over 150% this year because the company managed to grow.
I recommend buying Sea Limited stock due to its strong growth potential in Southeast Asia, a rapidly expanding region with significant tech funding. Sea Limited, founded in 2019, operates Garena, Shopee, and Sea Money, competing with major global retailers like MercadoLibre, Alibaba, and Amazon. Southeast Asia's tech sector funding is comparable to China's, and Sea Limited's valuation suggests a big upside, supporting a buy recommendation.
Sea jumped early Tuesday trading after the Singapore e-commerce and gaming firm posted stronger than expected Q3 results. The post Sea Ltd.
The re-election of Donald Trump has metals markets looking a little like a shaken-up snow globe—chaotic and swirling.
SE's third-quarter performance is expected to have benefited from its core businesses, which include e-commerce, digital financial services and digital entertainment.
Besides Wall Street's top -and-bottom-line estimates for Sea Limited (SE), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
Sea Limited Sponsored ADR (SE) closed the most recent trading day at $95.37, moving -0.39% from the previous trading session.
The offshore wind industry has solutions that would address Swedish defence concerns, CEO of renewable energy group Orsted said on Tuesday after Sweden rejected applications to build 13 offshore wind farms in the Baltic Sea.
North Sea oil stocks shot up in reaction to the new UK budget which, despite an expected raise in headline tax rates, turned out to be less bad than previously feared. Jersey Oil and Gas PLC (AIM:JOG, OTC:JYOGF) shares rocketed as much as 60% immediately after the budget announcements, and still stood some 35% higher at 76p per share some time later.