Sea Ltd: Follow-On Public Offering an Opportunistic Fundraising?
We evaluate the attractiveness of Sea Ltd's (SE US) US$1 bn follow-on public offering announced last Fri. This offering is a typical opportunistic...
450 Views
Sea Ltd: Further Share Re-Rating After a 35% Daily Gain? Why Not?
The biggest positive surprise from Sea Ltd's (SE US) conference call is strong 2019 adjusted sales guidance: 82%-97% YoY growth for Garena...
571 Views
Puregold Price Club: Steady Grower with Provincial Expansion Story
Conference call with the IR of Puregold Price Club (PGOLD PM) reveals that SSSG grew healthily at 6.5% YoY in 9M18, thanks to personal income tax...
564 Views
The New Year's Week that Was in ASEAN@Smartkarma - Indo Pharma, Industrials, and Weaker Oil
This pre and post-Hogmanay week's offering of Insights across ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive...
571 Views
Sea Ltd: A Surprise Winner in Cut-Throat E-Commerce Battle?
A big takeaway from our conversations with Indo e-commerce industry sources is that they vouch for Shopee's (Sea Ltd's (SE US) e-commerce arm) MS...
751 Views