Sea Ltd (SE US) - Leaning Towards Profitability and Sustainability
The risk for Sea Ltd looks to be squarely on the upside with valuations now looking attractive, trading at a discount to MercadoLibre (MELI US)...
559 Views
Sea Ltd: Something to Think About if You Are Starting to Lean Towards the Bullish Side
As profitability deteriorates, we expect Sea’s FY+2 EV/Sales to fall towards the pre-COVID low of 1.76x, implying a downside of 50%.
389 Views
The Week That Was in ASEAN@Smartkarma - XL Coverging, Kalbe Rebalancing, and SCB Refocusing
The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity...
180 Views
SEA 110/102 Buy Zone
SEA has undergone a severe decline but is showing some light at the end of the falling wedge tunnel with physical support approaching near the 110...
277 Views
SBI Sumishin Net Bank Pre-IPO - The Negatives - It’s Not Really a Digital Lender
SBI Sumishin Net Bank (SSNB) will be looking to raise around US$1.1bn in its upcoming IPO. In this note, we talk about the not so positive aspects...
302 Views