Sea Ltd (SE US): Placement a Good Opportunity to Enter an Attractive Story
Last Friday, Sea Ltd (SE US)Â unveiled plans to raise around $1 billion (based on the closing price on 28 February) through an underwritten public...
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Sea Ltd: Follow-On Public Offering an Opportunistic Fundraising?
We evaluate the attractiveness of Sea Ltd's (SE US)Â US$1 bn follow-on public offering announced last Fri. This offering is a typical opportunistic...
603 Views
JD.com (JD): The Real Main Business Grew 46% YoY, and Not 20% YoY in 4Q2018
We believe the real main business line is service (commission), but not product (direct sales). In 4Q2018, service revenues grew by 46% YoY, but...
737 Views
Sea Ltd: Further Share Re-Rating After a 35% Daily Gain? Why Not?
The biggest positive surprise from Sea Ltd's (SE US)Â conference call is strong 2019 adjusted sales guidance: 82%-97% YoY growth for Garena...
717 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...
685 Views