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162EPS 0.52$ (expectation 0.46$)
Turnover 4.328 MRD (expectation 4.093 MRD)
All 3 sectors have risen very well. The cost of revenue also grew by more than 30%. The costs for the clearly most expensive sector (e-commerce) have fallen, while the costs for Digital Financial Service have risen sharply. Should continue to be monitored. Over all, however, good figures.
$SE (+2,3%) | Sea Limited Q3 '24 Earnings Highlights:
🔹 EPS: $0.24 (Est. $0.24) 🟡
🔹 Revenue: $4.33B (Est. $4.12B) 🟢; UP +30.8% YoY
🔹 Adjusted EBITDA: $521.3M (Est. $481M) 🟢
FY24 Guidance:
🔹 Shopee GMV Growth: Reaffirms mid-20% YoY growth target
🔹 Free Fire Bookings: Expected to grow over 30% YoY
E-commerce (Shopee):
🔹 GMV: $25.1B, UP +25.2% YoY
🔹 Revenue: $3.2B; UP +42.6% YoY
🔹 Adjusted EBITDA: $34.4M (Prior Year: -$346.5M)
🔹 Asia Markets Adjusted EBITDA: $30.9M (Prior Year: -$306.2M)
🔸 Positive adjusted EBITDA achieved in both Asia and Brazil
Digital Financial Services (SeaMoney):
🔹 Revenue: $615.7M; UP +38% YoY
🔹 Loan Book: $4.6B; UP +73.2% YoY
🔹 Non-Performing Loans (90+ days): 1.2%, stable QoQ
🔹 Adjusted EBITDA: $187.9M; UP +13.4% YoY
Digital Entertainment (Garena):
🔹 Bookings: $556.5M; UP +24.3% YoY
🔹 Revenue: $497.8M; DOWN -15.9% YoY
🔹 Adjusted EBITDA: $314.4M; UP +34.4% YoY
🔹 Quarterly Active Users: 628.5M; UP +15.5% YoY
🔹 Quarterly Paying Users: 50.2M; UP +23.9% YoY
CEO Forrest Li's Commentary:
🔸 "Shopee is on track to meet full-year GMV guidance, SeaMoney’s loan book grew over 70% YoY, and Free Fire bookings are set to grow over 30% YoY. Our focus remains on profitable growth across all three businesses."
Additional Financial Highlights:
🔸 Cash and short-term investments: $9.9B, UP by $929.2M from Q2
From all-time high to all-time high - time to take a look in my cellar 📉
The stock markets only know one direction at the moment and even September, generally the worst month on the stock markets, is heading for a clear green result.
Of course, this can also be seen in my portfolio in the following picture. What I find much more exciting in such situations, however, is always the view to the very bottom, where it turns red and which is generally not shown here.
Now it turns red and negative:
Even though many things are going well, some things are not going well. For the most part, these are still the former corona winners like Pfizer $PFE (+1,18%) Sea $SE (+2,3%) Block $SQ (+3,97%) or Atlassian $TEAM
However, Pfizer's overall performance is not quite as bad, as there has of course been a lot of dividend growth over the last few years.
Nike $NKE (+3,29%) and Hershey $HSY (+1,4%) are also not doing themselves any favors at the moment, but are still in the savings plan. Just like Bechtle $BC8 (-0,68%)
My China ETF is currently the phoenix from the ashes, I was surprised myself that it has almost reached 0 😂
Towards the end of the year, I will analyze the losers again. Will they get another year of probation? Or will one stock or another be thrown out?
I usually look at this between Christmas and New Year's Eve.
What's your situation? What are your skeletons in the closet doing?
$SE (+2,3%) - Sea Limited Q2 earnings highlights:
Outlook for financial year 2024:
Group key financial figures:
E-commerce performance (Shopee):
Digital financial services:
Digital Entertainment (Garena):
CEO's comment:
Changes to the Management Board:
Other highlights:
$SE (+2,3%) | Sea Limited Q2'24 Earnings Highlights
🔹 EPS: $0.14 (Est. $0.59) 🔴
🔹 Revenue: $3.81B (Est. $3.73B) 🟢; UP +23.0% YoY
FY'24 Outlook:
🔸 Shopee GMV Growth: Revised up to mid-20%
🔸 Shopee Adjusted EBITDA: Expected to turn positive from Q3 (previously H2)
🔸 Revenue: Reaffirming guidance for at least 30% growth on a constant currency basis
Group Financial Metrics:
🔸 Gross Profit: $1.6B, UP +9.2% YoY
🔸 Net Income: $79.9M, DOWN -75.9% YoY
🔸 Adjusted EBITDA: $448.5M, DOWN -12.1% YoY
E-commerce (Shopee) Performance:
🔹 Gross Orders: 2.5B, UP +40.3% YoY
🔹 GMV: $23.3B, UP +29.1% YoY
🔹 Revenue: $2.8B, UP +33.7% YoY
🔹 Adj EBITDA: $(9.2)M (vs. $150.3M in Q2'23)
Digital Financial Services:
🔸 Revenue: $519.3M, UP +21.4% YoY
🔸 Adjusted EBITDA: $164.7M, UP +20.2% YoY
Digital Entertainment (Garena):
🔹 Bookings: $536.8M, UP +21.1% YoY
🔹 Revenue: $435.6M, DOWN -17.7% YoY
🔹 Adjusted EBITDA: $302.8M, UP +26.5% YoY
CEO Commentary:
🔸 Forrest Li (CEO): "We are pleased with the strong performance across all our businesses. With the positive momentum from the first half of 2024, we expect Shopee to achieve adjusted EBITDA profitability starting in Q3. Garena continues to perform well, driven by Free Fire, which remains an evergreen franchise with over 100 million daily active players."
Board Changes:
🔹 New Appointments: Dr. Silvio Savarese and Ms. Jessica Tan have been elected as independent directors.
🔹 Departure: Mr. Tony Hou, current CFO, steps down from the board but remains in his CFO role.
Additional Highlights:
🔸 Provision for Credit Losses rose by 9.4% YoY to $167.4 million in Q2 2024, up from $153.0 million in Q2 2023.
🔸 Sales and Marketing Expenses surged by 57.0% YoY to $774.8 million in Q2 2024 from $493.6 million in Q2 2023.
$SE (+2,3%) Sea Ltd.
Fourth Quarter 2023
o Total GAAP revenue was US$3.6 billion, up 4.8% year-on-year.
(Schätzung was 3,55)
o Total gross profit was US$1.5 billion, as compared to total gross profit of US$1.7 billion for the fourth quarter of 2022.
o Total net loss was US$(111.6) million, as compared to total net income of
US$422.8 million for the fourth quarter of 2022.
o Total adjusted EBITDA1 was US$126.7 million, as compared to US$495.7 million for the fourth quarter of 2022.
Aktie steht momentan 11% fester im vorbörslichen Handel.
We have taken profits on Sea ltd for the time being. The reason is the current market situation, in which we want to have some cash again in the event of a possible correction.
Our assessment of the
company itself has changed somewhat. The reason is that TikTok is still trying to penetrate Sea ltd's market; we had expected consolidation and less competition.
Hi everyone,
I am 30 years young and have been on the stock market since October 2020. My investment horizon is until around 2040, when I plan to be able to enter the withdrawal phase, if I want to do so at all (but that's the rough goal for now). In addition to the portfolio, I currently hold 2 rented apartments, which I was also able to secure cheaply and at extremely low interest rates in 2020 and 2021 :). Further real estate purchases are planned, but the market is notoriously difficult at the moment if you want to bring in little equity 😅.
As you can easily see in the portfolio, my interest lies exclusively in individual shares. For one thing, I enjoy it more and for another, it would of course be a lie to say that I wouldn't want to outperform the world ETF 🤷🏼♂️. Statistically, it is extremely unlikely in the long term, but so be it.
Beyond that, I'm only interested in growth stocks and especially tech. I also feel comfortable with having such a high weighting.
The overweighting of US equities is also a deliberate choice, as this is simply where some of the strongest companies are based, the USA is the most capitalism-friendly country and, what is much more important to me than the diversification of company headquarters, sales are generated worldwide. I also think, for example, that the biggest beneficiaries of India's growth are not necessarily companies from India itself, but the world's major (tech) corporations.
Of course, when I started my stock market career, I had to learn the hard way. The usual reasons:
Starting out as a preferred tech investor in the corona hype was of course not helpful either.
I learned a few lessons from this, gradually got to grips with the key figures and valuations of companies and then threw out the companies that no longer fitted in with my strategy. That's how $SE (+2,3%) , $SQ (+3,97%) and $PINS the remnants of the high-growth values. I also started focusing much more on quality and not necessarily looking for a market cap of less than 30 billion to make it just a tenbagger... So 2023 was also a very good year and brought me break-even.
Of course, I'm still not afraid of risk, I like to mix in a few high-growers (but no longer indiscriminately without informing myself) and I like to be a bit more focused on the road ✌🏼
I look forward to your feedback, comments, (constructive) criticism and of course suggestions for optimization 😋
Greetings :)
P.S. I operate Buy & Hold & Check and only look for companies that I want to hold for the long term.
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