Some Snapshots of SEA Ltd

16 Nov, 2022
Category: Portfolio
Tags: Shopee

The share price shot up by 40% after the release of the results.

Sea Ltd, the parent company released its Q3 2022 quarter result. Here's a summary of its result.

1) Cash level is falling fast

2) The e-commerce arm, Shopee is still growing YoY although growth had stagnant QoQ. Losses narrowed. (No wonder now Shopee offer so few promos and discount code now)

3) The gaming arm, Garena is facing a falling number of users.

4) Its financial services arm, Sea Money is growing fast. The Non-performing loan is less than 4% of their loan book. They had allocated USD 253.4 million of allowance for credit losses out of their USD 2.2 billion loan book(11.5%).

Although the value of its gaming arm may be falling in the future, Sea Ltd is still one of the best proxies for South East Asia's digital economy.

Some Snapshots of SEA Ltd

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