SE - Sea Limited
| Previous close | 36.92 |
| Open | 36.92 |
| Bid | 36.30 x 1000 |
| Ask | 36.80 x 800 |
| Day's range | 35.95 - 37.03 |
| 52-week range | 10.52 - 38.00 |
| Volume | 6,799,082 |
| Avg. volume | 4,321,209 |
| Market cap | 16.853B |
| Beta (3Y monthly) | 1.31 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -3.58 |
| Earnings date | 11 Nov 2019 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 44.96 |
- Bloomberg
Line Would Be Lucky to Find a Suitor, Even Yahoo
(Bloomberg Opinion) -- Line Corp. would be lucky to have a suitor. Even if it bears the name Yahoo. The instant-messenger company has been marching toward irrelevance since its dual Tokyo and New York initial public offerings three years ago, with management failing to navigate any clear future for the company or its core product. They’ve shown zero interest in geographical expansion and have instead rested on the belief that being hip in a few places would be enough.It’s not hard to see why. The company had a meteoric rise and remains favored among fans for its array of stickers, emoji-like cartoons that they often paid for. It’s easy and comfortable but accounts for only 13% of revenue and has stagnated.Now, Line may merge with Yahoo Japan’s parent, Z Holdings Corp., which itself is a part of the broader family of SoftBank Group Corp., Bloomberg News reported early Thursday, citing Z Holdings.Both Nikkei news and Kyodo wrote about the talks late Wednesday, driving Line’s U.S.-listed depositary receipts up more than 26%. Z climbed as much as 17% in Tokyo on Thursday morning, while Line’s Tokyo-listed shares didn’t transact because bids far exceed offers.Line’s parent, South Korea’s Naver Corp., could reach an agreement with Z as soon as this month in a deal that would see the two have a 50% stake each in a holding company that would own both Line and Yahoo Japan, Nikkei reported. Line confirmed that it’s considering the idea, along with other opportunities to boost value.To be frank, this is the best opportunity Line is likely to ever get. Most of the Tokyo-based company’s revenue comes from advertising fed to its audience of 164 million monthly active users. Other businesses, such as content and fintech, haven’t gained much traction despite years of trying. It all comes down to expanding the number of chat users and extracting more from them.Yet after seven years in operation, Line’s core instant messenger product has been unable to expand much beyond its four key markets of Japan, Taiwan, Thailand and Indonesia. That it can’t even make headway in South Korea, the homeland of its parent company, says a lot about ineffective management. You knew it was desperate when it announced a move into the cryptocurrency business.I believe that a merger with Singapore-based internet company Sea Ltd. would make more sense, given there are more growth prospects in Southeast Asia than in North Asia. But right now, Line should settle for any dance partner it can get. After losses in six of the past eight quarters and meager revenue growth, I suspect the recent run-up in its stock has been spurred by the belief it will eventually be bought. Though that may finally be happening, Z is not exactly an inspiring match. Its own revenue and earnings growth have been lackluster. At least it’s profitable, which would make a pleasant change for Line investors. Yahoo Japan’s major hope for the future is to expand in e-commerce, advertising and mobile payments. Having an instant messenger product in the portfolio would certainly help it further those goals. Still, it would likely ensure Line’s user numbers remain stagnant given the lack of growth in the Japanese economy and population. Being part of the SoftBank stable might not be a bad thing, either. Founder and Chairman Masayoshi Son is a born salesman and loves to talk up his portfolio companies. If he’s willing to spend cash to help a Line-Yahoo entity expand, then they may be able to gain some real marketing clout against rivals like Rakuten Inc. and Amazon.com Inc. But it would certainly mean the end of Line as we know it. To contact the author of this story: Tim Culpan at tculpan1@bloomberg.netTo contact the editor responsible for this story: Patrick McDowell at pmcdowell10@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Simply Wall St.
Sea Limited (NYSE:SE): When Will It Breakeven?
Sea Limited's (NYSE:SE): Sea Limited engages in the digital entertainment, e-commerce, and digital financial service...
- Bloomberg
Call of Duty Mobile Is Off to an Explosive Start
(Bloomberg) -- Tencent Holdings Ltd.’s Call of Duty Mobile has attracted 20 million gamers within the first two days of its worldwide debut, a big boost for the company’s ambition of adapting top-tier titles with global name recognition for smartphones.Based on Activision Blizzard Inc.’s marquee PC and console franchise, Call of Duty Mobile generated a quick $2 million in player spending after rolling out in the U.S., Europe, India and Latin America, researchers at Sensor Tower said. Its downloads rivaled those for Nintendo Co.’s Mario Kart Tour over its first two days, one of the most successful mobile game launches ever, according to their findings.Call of Duty Mobile is the highest-profile project to emerge from Tencent’s effort to convert established gaming franchises to mobile, priming a pipeline that already stretches to 2022, Thomson Ji, vice president of Tencent’s TiMi Studios, said in an interview.“We’re committed to developing games to target global markets,” said Ji at TiMi, which became the largest of Tencent’s four main creative studios off the back of breakout success Honour of Kings. “Call of Duty is very influential globally and we hope this game can help us reach hundreds of millions of mobile gamers overseas.”Tencent, operator of the WeChat social media service, is developing new avenues for growth as uncertainty grips its home market. In May, the internet giant reported its slowest pace of sales expansion since going public in 2004, so it’s casting a wider net to diversify away from a domestic economy in the crosshairs of the U.S. government. The company is moving beyond just importing famous titles for Chinese audiences and is now, conversely, designing smartphone versions of popular console games for export overseas.China’s Latest Step to Curb Games and Play Wallops TencentCall of Duty Mobile, which launched Oct. 1., is a litmus test of Tencent’s ability to wow international players. It revamps one of Activision’s best-selling franchises for smartphone gamers, a group that now exceeds 2.2 billion in number. According to Tencent estimates, that’s three times the size of the audience playing on consoles.Despite a temporary glitch, Call of Duty Mobile lured six times more players upon its opening than the mobile edition of PlayerUnknown’s Battlegrounds, another Tencent project, which hit the same markets last year, said Randy Nelson, Sensor Tower’s head of mobile insights. And all this is without the game launching in Tencent’s home market of China.“This is a particularly strong launch for the action genre on mobile and mobile games in general,” he wrote in an email. “I can tell that Tencent has incorporated what it learned in the development of PUBG Mobile here.”Tencent Counts on Smash Hit Call of Duty to Quicken Global PushThe WeChat operator is betting on the popularity of hardcore first-person shooters like Call of Duty to help it break into North America. It’s the company’s first attempt to bring a so-called triple-A title -- one with the very highest of marketing and development budgets -- to the smartphone screen. For now, players in India accounted for the largest proportion of installs at 14% while the U.S. ranked ninth with 9% of downloads.To ensure the popularity of the game, Tencent has introduced elements of what it knows best: social networking. The game allows people to link up with their friends from Facebook and form groups to go on missions. Call of Duty Mobile is free to play, though it features built-in incentives for people to spend real money on virtual goods such as character skins.The mobile version was developed by Tencent but Activision Blizzard, in which the Chinese company owns a stake, is publishing Call of Duty Mobile in regions including the U.S., Europe and Latin America. Tencent oversees distribution for South Korea while Sea Ltd., which Tencent has also invested in, looks after Southeast Asia. Tencent will split revenues for publishing and intellectual property rights, Ji said without providing specifics.“This is just the beginning,” said Rob Kostich, president of Activision Blizzard. “There’s much more to come.”To contact the reporter on this story: Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Edwin Chan, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Bloomberg
Amazon in Talks to Invest in Indonesia’s Gojek
(Bloomberg) -- Amazon.com Inc. is in talks to make an investment in Indonesian ride-hailing giant Gojek, people familiar with the negotiations said, a move that could bolster the U.S. company’s presence in Southeast Asia.Amazon is one of the firms that have been negotiating with Gojek to join its ongoing funding round, according to the people, who asked not to be identified as the discussions are private. Under one scenario that has been considered, Amazon may make a meaningful investment for a slice of Indonesia’s most valuable startup, said one of the people. The talks may still fall apart or the terms may change.A Gojek representative declined to comment. Amazon couldn’t immediately be reached for comment outside of normal business hours. The Wall Street Journal earlier reported on the discussions.The move could mark Amazon’s most significant investment in Indonesia, one of the last frontiers of e-commerce. The Seattle-based retail giant took its first step into the region in 2017 when it entered Singapore with Amazon Prime Now. But in Indonesia, by far the region’s biggest and most promising market with 260 million people, it has no presence.By contrast, Chinese tech titans have made inroads into the region recently. Alibaba Group Holding Ltd. spent billions of dollars to acquire online shopping company Lazada Group and invested in homegrown Indonesian e-commerce companies Tokopedia PT and Bukalapak. Tencent Holdings Ltd. has backed Sea Ltd., whose mobile shopping unit Shopee is battling fiercely with Lazada.Gojek debuted its app for hailing motorbike taxis in Jakarta in 2015. Since then, the company has evolved into a “super app” -- part ride-sharing service, part food-delivery business and part digital-wallet provider. It also offers a dozen other on-demand services such as booking a cleaner and medicine delivery.As part of the ongoing Series F funding round, Gojek -- valued at $10 billion, according to CB Insights -- has secured investments from Visa Inc., Thailand’s Siam Commercial Bank Plc, Mitsubishi Motors Corp., Mitsubishi Corp. and Mitsubishi UFJ Lease & Finance Co. this year. The terms of those deals were not disclosed.Visa Invests in Go-Jek for Digital Payments in Southeast AsiaThose investments added to more than $1 billion Gojek secured in a previous funding round earlier this year.\--With assistance from Manuel Baigorri.To contact the reporters on this story: Yoolim Lee in Singapore at yoolim@bloomberg.net;Crystal Tse in Hong Kong at ctse44@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, ;Fion Li at fli59@bloomberg.net, Molly Schuetz, Robin AjelloFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Simply Wall St.
Does The Data Make Sea Limited (NYSE:SE) An Attractive Investment?
Sea Limited (NYSE:SE) is a stock with outstanding fundamental characteristics. When we build an investment case, we...
- Motley Fool
Sea Limited's Obsession With Alibaba Hurts Investors
The Southeast Asian e-commerce underdog is racking up massive losses by challenging Alibaba’s Lazada.
- Motley Fool
Why Sea Stock Plunged Today
Despite the company delivering a beat-and-raise quarter, investors aren't impressed.
- Zacks
The Zacks Analyst Blog Highlights: Sea, Target, 1-800-FLOWERS.COM, Burlington and Cooper Companies
The Zacks Analyst Blog Highlights: Sea, Target, 1-800-FLOWERS.COM, Burlington and Cooper Companies
- Zacks
5 Must-Buy Stocks Ahead of Earnings Results This Month
Second-quarter 2019 earnings results have so far come in better than expected.
Motley FoolWhy Sea Limited Stock Skyrocketed 193.5% in the First Half of 2019
The Singapore-based online media and e-commerce company's stock has now more than tripled year to date.
- Simply Wall St.
Is Sea Limited's (NYSE:SE) Liquidity Good Enough?
Investors looking for stocks with high market liquidity and little debt on the balance sheet should consider Sea...
- Zacks
Join the eSports Craze With These Stocks
The eSports craze is spreading fast. Investors can ride the hype with these stocks.
Motley FoolWhy Avon Products, Sea Limited, and Clean Energy Fuels Jumped Today
A mix of good news helped these stocks avoid the market's malaise.
- Motley Fool
Why Sea Limited Stock Surged Today
The digital platform operator reported strong first-quarter earnings results.
Motley FoolSea Limited (SE) Q1 2019 Earnings Call Transcript
SE earnings call for the period ending March 31, 2019.
- Simply Wall St.
Did You Miss Sea's (NYSE:SE) Impressive 141% Share Price Gain?
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! When you buy shares in a company, there is always a risk that the price drops to zero. But if yo...
Motley FoolWhy Sea Limited Stock Jumped 53.5% in February
Impressive gaming and e-commerce sales growth powered the Singapore-based company to big stock gains last month.
- Bloomberg
Tencent-Backed Sea Raises $1.35 Billion in Share Sale
(Bloomberg) -- Sea Ltd., operator of Southeast Asia’s biggest gaming platform, has raised $1.35 billion after increasing the size of a follow-on stock offering.
- Zacks
Sea Limited (SE) Jumps: Stock Rises 7.9%
Sea Limited (SE) saw a big move last session, as its shares jumped nearly 8% on the day, amid huge volumes.
BloombergA New Billionaire Emerges From Singapore Gaming Powerhouse Sea
It’s Sea Ltd.’s marquee hit, a virtual landscape housing more people than the American population and the prime reason Chinese-born founder Forrest Li is climbing the real world’s wealth rankings. The 41-year-old entrepreneur owns 13.8 percent of Singapore-based Sea, a stake now worth roughly $1 billion, according to the Bloomberg Billionaires Index. Shares in Southeast Asia’s biggest gaming service surged 35 percent on Wednesday -- the most since its 2017 initial public offering -- after reporting a doubling in sales and robust growth at e-commerce unit Shopee.
- Motley Fool
Why Sea Limited Stock Soared Today
The Singapore-based digital platform company put up strong growth in the fourth quarter.
- Zacks
Sea Limited (SE) Beats Q4 Earnings and Revenue Estimates
Though Sea Limited's (SEA) fourth-quarter 2018 results reflect benefits from robust growth in Digital Media segment and expanding e-commerce platform, rising expenses hurt.
Motley FoolSea Limited (SE) Q4 2018 Earnings Conference Call Transcript
SE earnings call for the period ending December 31, 2018.
