Here's Why Sea Limited Stock Rose by 18% Last Month [Yahoo! Finance]
Sea Limited American Depositary Shares, each representing one Class A Ordinary Share (SE)
Last sea limited american depositary shares, each representing one class a ordinary share earnings: 3/3 06:30 am
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Source: Yahoo! Finance
the 4% decline for the S&P 500 -- a large monthly decline for an index. The company was able to buck the market's downward trend thanks to improving optimism among the analyst community in the middle of the month. Investors have been preoccupied with competition for Sea's e-commerce platform , Shopee, from TikTok. In key markets including Indonesia, TikTok has merged e-commerce with its social video-sharing platform and it's been an effective combo. But it's been anything but stable -- things are constantly changing including TikTok recently raising its e-commerce commissions. And J.P. Morgan analyst Ranjan Sharma believes this benefits Sea's Shopee. The changes to TikTok's commission structure aren't modest. According to The Information, TikTok Shop is going from 2% commissions to 8% commissions. That's a huge jump and could indeed help Sea's Shopee either by driving sellers to Shopee or by allowing Shopee to raise its prices along with the competition. And this is part of what d
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News
- Sea Limited: Only At The Beginning Of The Recovery Story [Seeking Alpha]Seeking Alpha
- Indonesia probing Shopee, Lazada units for alleged competition rule breaches [Yahoo! Finance]Yahoo! Finance
- 8 Reasons To Buy Sea Limited [Seeking Alpha]Seeking Alpha
- Sea Limited's (NYSE:SE) one-year returns climbed after last week's 13% gain, institutional investors must be happy [Yahoo! Finance]Yahoo! Finance
- Sea Limited: Solid Growth And Improved Profitability Profile - Better Late Than Never [Seeking Alpha]Seeking Alpha
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Earnings
- 5/14/24 - Miss