Sea overcame a perfect storm to reemerge as the most dominant tech titan in SEA, execution risks reduced, undervalued at 25xFCF with 20% durable growth.
Interesting news regarding $SE - that market doesn't quite understand.
Indonesia is imposing tariffs of 100-200% on Chinese imported goods.
This is net positive for Shopee, because its merchant predominately source produces within SEA, whereas its competitors TikTok, Temu and Lazada are mostly from China. Another Indonesian news outlet confirmed this as well.
The stock may be dropping 5% today because an officer put up 250k shares for sale through SEC form 144, but he sold the same number of shares exactly one year ago, so it seems more like an annual thing than a reaction to insider information.
Meta has integrated shopping features within its messenger service and collaborated with e-marketplace Shopee to use Shopee's merchant product catalogues for Messenger to help Shopee merchants close sales on multiple platforms.
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This is a bid to increase Meta's advertising revenue and to compete with TikTok. Meta chose Shopee because of its huge user traffic. This is a nice development as Thailand has circa. 60M facebook user, the roll out will help both Shopee and Meta going forward. $SE
I bought $SE for the Sleep Well Portfolio today, also trimmed $CRWD in my PA as valuation of 90x FCF getting out of my comfort zone relatively to $SE at 25x FCF with similar growth profile.
A rumour - but good news for $SE Sea Limited regardless.
Alibaba rumoured to sell Lazada. The post also shows Shopee outperformed Lazada in Thailand between 2021-2023
https://www.bangkokpost.com/business/general/2814180/alibaba-rumoured-to-dump-lazada
Interesting news regarding $SE - that market doesn't quite understand.
Indonesia is imposing tariffs of 100-200% on Chinese imported goods.
This is net positive for Shopee, because its merchant predominately source produces within SEA, whereas its competitors TikTok, Temu and Lazada are mostly from China. Another Indonesian news outlet confirmed this as well.
The stock may be dropping 5% today because an officer put up 250k shares for sale through SEC form 144, but he sold the same number of shares exactly one year ago, so it seems more like an annual thing than a reaction to insider information.
https://www.antaranews.com/berita/4173561/mendag-akan-kenakan-bea-masuk-hingga-200-persen-pada-barang-asal-china
Good development re: Meta / Facebook and Shopee
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Meta has integrated shopping features within its messenger service and collaborated with e-marketplace Shopee to use Shopee's merchant product catalogues for Messenger to help Shopee merchants close sales on multiple platforms.
-----
This is a bid to increase Meta's advertising revenue and to compete with TikTok. Meta chose Shopee because of its huge user traffic. This is a nice development as Thailand has circa. 60M facebook user, the roll out will help both Shopee and Meta going forward. $SE
I bought $SE for the Sleep Well Portfolio today, also trimmed $CRWD in my PA as valuation of 90x FCF getting out of my comfort zone relatively to $SE at 25x FCF with similar growth profile.
https://www.sleepwellinvestments.com/p/9th-sleep-well-ownership-sea-limited
Recent commentary from DBS, also a good summary of Sea's recent Q1'24 improvements.
https://www.dbs.com.sg/treasures/aics/templatedata/article/recentdevelopment/data/en/DBSV/052024/SE_US_05152024.xml