In today’s briefing:
- Sea Ltd (SE US) – Navigating Challenging Waters With Sails Set
- Confluent: Harnessing Data In Motion. Initiate At Overweight
Sea Ltd (SE US) – Navigating Challenging Waters With Sails Set
- There has been a recent press commentary about Sea Ltd laying off staff, which although unpleasant reflects management’s decisive and pragmatic decision-making style which is no bad thing.
- It is unclear how many staff are being laid off and where but it seems that Indonesia is not impacted in a big way and core markets continue to perform.
- We will not follow on the coattails of liquidity with a negative recommendation when what management is doing looks positive and Sea Ltd (SE US) is batting above its peers.
Confluent: Harnessing Data In Motion. Initiate At Overweight
- Confluent (CFLT US) is an American-based data infrastructure software company and a major contributor to the open-source project Apache Kafka.
- Original creators of Apache Kafka founded the company in 2014. Today, Kafka has 5M+ lifetime downloads, and >100,000 organizations use the successful open source project.
- We believe Confluent (CFLT US) is uniquely positioned to benefit from the widespread adoption of Apache Kafka and the growing $50B+ total addressable market.
Before it’s here, it’s on Smartkarma
