皇冠网址
热门标签

新加坡博彩公司总行地址(www.99cx.vip):Singapore's Sea sees single-day market value surge of US$9bil

时间:1个月前   阅读:10   评论:1

免费足球贴士www.hgbbs.vip)是国内最权威的足球赛事报道、预测平台。免费提供赛事直播,免费足球贴士,免费足球推介,免费专家贴士,免费足球推荐,最专业的免费足球贴士网。

While growth is decelerating, the pathway to profitability for Sea’s eCommerce arm Shopee is “becoming clear,” says a Morgan Stanley analyst.

SINGAPORE: Sea Ltd shares rose 36% in its biggest-ever single-day jump after the gaming and eCommerce company posted a smaller-than-expected quarterly loss, helped by drastic cost cuts.

Sea has cut about 7,000 jobs, or roughly 10% of its workforce, in the past six months, according to a source.

It has also closed down operations in India and some European and Latin American markets to trim costs.

Headcount reduction is an “ongoing exercise,” chief corporate officer Yanjun Wang said on a conference call, signalling more cuts may be in the works. While growth is decelerating, the pathway to profitability for Sea’s eCommerce arm Shopee is “becoming clear,” said Morgan Stanley analyst Mark Goodridge in a note to investors.

The company has said that it would “work toward” breaking even for Shopee on an adjusted earnings before interest, taxes, depreciation, and amortisation basis by the end of next year.

Sea’s adjusted loss before interest, taxes, depreciation and amortisation widened to US$357.7mil (RM1.61bil) from US$165.5mil (RM746.8mil) a year ago, the company said on Tuesday.

,

新加坡博彩公司总行地址www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。新加坡博彩公司总行地址上最新新加坡博彩公司总行地址会员登录线路、新加坡博彩公司总行地址代理网址更新最快。新加坡博彩公司总行地址开放皇冠官方会员注册、皇冠官方代理开户等业务。

,

Analysts had estimated US$457.4mil (RM2.06bil) on average. The net loss stood at about US$569mil (RM2.57bil), little changed from a year earlier. Sales at Shopee climbed 32% to US$1.9bil (RM8.57bil).

The results prompted CGS-CIMB analyst Khang Chuen Ong to raise his recommendation on the company to “add” from “hold.”

Sea’s market valuation climbed to US$35bil (RM158bil) after the report, adding US$9bil (RM40.6bil) in a single day. That’s still far below its peak valuation of more than US$200bil (RM902.5bil) last year.

South-East Asia’s largest tech company continues to adjust to a fallout in demand for its core games operations. Revenue at its digital-entertainment arm Garena tumbled 19% in the biggest year-on-year drop ever, as hit mobile game Free Fire’s momentum wanes.

Sea cut its full-year forecast for Garena’s bookings to between US$2.6bil (RM11.7bil) and US$2.8bil (RM12.6bil) from its previous guidance of US$2.9bil (RM13.1bil) to US$3.1bil (RM14bil), set to be its first annual decline ever. It said it isn’t providing financial guidance for 2023.

The decision of management to not provide future guidance will “no doubt” add more uncertainty on future forecast, said Citi analyst Alicia Yap in a note to investors. —Bloomberg


转载说明:本文转载自Sunbet。,

欧博Allbetwww.allbet8.vip)是欧博集团的官方网站。欧博官网开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。

上一篇:新2最新登录址(www.zq18.vip):Short Position - Valuing a currency, LEAP to ACE, Ringgit poser for planters

下一篇:tài xỉu đã banh là gì(www.vng.app):Nhiều "ông lớn" bắt tay phát triển thanh toán không tiền mặt tại Việt Nam

网友评论