In today’s briefing:
- Sea Ltd: Game Over
- 5 in 5 with Lendlease Global Commercial REIT – The First Net Zero S-REIT
Sea Ltd: Game Over
- We don’t see a way for Sea Ltd (SE US)’s e-commerce business to turn profitable in the next few years.
- For the moment, the Digital-Entertainment segment is capable of absorbing most of e-commerce losses, but we are expecting the segment profitability to fall 70% to $135m per-quarter over the-next two-years.
- Once that happens, we think it will be game over for Sea Ltd.
5 in 5 with Lendlease Global Commercial REIT – The First Net Zero S-REIT
5 in 5 with Lendlease Global Commercial REIT – The First Net Zero S-REIT
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