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Top related persons:
Sachin Mittal - 9 Jonathan Woo - 5 Woo - 4 Mittal - 3 TikTok - 3 Lazada's GMV - 2 Mike Blake - 1 Wall - 1
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DBS Bank - 7 Phillip Securities Research - 5 Getty - 4 CNBC - 4 U.S - 3 Bloomberg - 3 Netflix - 2 Momentum Works - 2

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14 mentions found


☆ Top Wall Street analysts suggest these 3 stocks for solid upside
  + stars: | 2024-02-04 | by ( Tipranks.Com Staff | ) www.cnbc.com   time to read: +4 min
To select the stocks of such companies that have attractive growth potential, investors can track the recommendations of Wall Street's experts. Here are three stocks favored by the Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. The company recently announced upbeat results for the fourth quarter of 2023 and raised its 2024 subscription revenue and operating margin guidance. "Overall, we believe that paid sharing and advertising would help re-accelerate subscriber and revenue growth while driving high-margin incremental revenue," said Mittal. The analyst also highlighted that while Netflix saw a sixth consecutive quarter of subscriber growth, rival Disney's (DIS) subscriber base has declined for three straight quarters.
Persons: Mike Blake, Wall, ServiceNow, Baird, Robert Oliver, ServiceNow's cRPO, Oliver, TipRanks, Sachin Mittal, Mittal, Bob Iger's, NFLX, Rivian Organizations: U.S, Federal Reserve, TAM, Netflix Locations: Los Angeles
☆ TikTok's Southeast Asia ambitions to take a major hit with Indonesia ban
  + stars: | 2023-09-29 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +5 min
Aditya Aji | Afp | Getty ImagesTikTok's Southeast Asian ambitions will take a major hit after Indonesia bans shopping transactions on social media apps, analysts told CNBC. Indonesia has banned e-commerce transactions on social media platforms such as TikTok Shop and Facebook . Even if it can secure a separate license to operate, operating as a standalone app may still be challenging. "Even if it can secure a separate license to operate, operating as a standalone app may still be challenging," said Mittal. New social media rulesOn Saturday, Indonesia's President Joko Widodo called for social media regulations, saying such platforms impact micro-, small- and medium-sized companies and the economy.
Persons: Aditya Aji, Jonathan Woo, Sachin, Sachin Mittal, TikTok, Mittal, Joko Widodo Organizations: Facebook, Afp, Getty, CNBC, Phillip Securities Research, Sachin Mittal DBS Bank, U.S, DBS Bank, BMI, Momentum Works Locations: Bogor, West Java, Indonesia, Jakarta, China, Southeast Asia, U.S, Singapore, Montana, India
☆ Singapore's Grab says its ride-hailing unit is on track to hit pre-Covid levels by the end of the year
  + stars: | 2023-08-24 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +4 min
Photographer: Ore Huiying/Bloomberg via Getty Images Ore Huiying | Bloomberg | Getty ImagesSingapore-based Grab said on Wednesday that its ride-hailing unit is on track to hit pre-Covid levels by the end of this year. Grab, which also offers food delivery and mobile payments, said that its mobility GMV has recovered to 85% of pre-Covid levels. We remain on track to exit 2023 at pre-Covid GMV levels. "We remain on track to exit 2023 at pre-Covid GMV levels," Oey said during Grab's earnings call on Wednesday. Grab's Hungate said driver supply levels are currently at 84% of pre-Covid levels and that the firm will "continue to focus on improving driver supply."
Persons: Alex Hungate, Peter Oey, Oey, GrabShare, Sachin Mittal, Grab's Hungate, Kai Wang, Jonathan Woo, Woo Organizations: Grab Holdings, Bloomberg, Getty, Getty Images, CNBC, DBS Bank, DBS, Trans, Morningstar Asia, Revenue, Phillip Securities Research Locations: Singapore, Getty Images Singapore, Malaysia, Thailand, Grab's U.S
☆ Top Wall Street analysts pound the table on these 5 stocks
  + stars: | 2023-08-20 | by ( Tipranks.Com Staff | ) www.cnbc.com   time to read: +6 min
One strategy is to track the investment ideas of Wall Street pros and glean valuable insights into making successful stock decisions. To that end, TipRanks, a platform that ranks analysts based on their past performance, has identified five stocks well liked by top-ranking analysts. Earlier this month, the company trounced analysts' second-quarter earnings estimates and returned to double-digit revenue growth. In particular, Feinseth expects RCL's "Perfect Day at CocoCay" private island resort to be a key growth driver and industry differentiator, which could fuel significant incremental revenue growth and yields. Feinseth holds the 266th position among more than 8,500 analysts on TipRanks.
Persons: Sachin Mittal, Mittal, Goldman Sachs, Eric Sheridan, Sheridan, Datadog, Kash Rangan, Rangan, Ivan Feinseth, Feinseth Organizations: Nasdaq, Amazon, TipRanks, Royal, Tigress, Netflix Locations: Mobile, Caribbean, North America
☆ Sea pivoted to growth over profits as it faced rising competition from TikTok, Lazada, analysts say
  + stars: | 2023-08-18 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +4 min
But analysts said the pivot is a move to defend market share. Defending your market share is the right strategy in e-commerce. CEO Shou Zi Chew said in June that TikTok would invest billions of dollars in Southeast Asia over the next few years to gain market share. Sea's decision to accelerate ecommerce investments in growth is likely to materially weigh on its earnings and share price in the near-term. "Sea's decision to accelerate ecommerce investments in growth is likely to materially weigh on its earnings and share price in the near-term," said JPMorgan.
Persons: Forrest Li, GoTo, Sachin Mittal, Woo, Li, JPMorgan, Jonathan Woo, Shou Zi Chew, TikTok, Alibaba's Lazada, Sea's Shopee, Lazada's GMV Organizations: Sea Ltd, Bloomberg, Getty, Local, DBS Bank, Phillip Securities Research, JPMorgan, Momentum Works Locations: Singapore, Lazada, Southeast Asia
☆ Sea Group's gaming segment has again proven to be a 'cash cow,' DBS Bank says
  + stars: | 2023-08-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSea Group's gaming segment has again proven to be a 'cash cow,' DBS Bank saysSachin Mittal, head of telecom, media and technology research at DBS Bank, said that Garena saw quarterly paying users growing on a sequential basis.
Persons: Sachin Mittal, Garena Organizations: DBS Bank
☆ Food delivery apps Grab and Foodpanda expand into dine-in services as explosive growth stalls
  + stars: | 2023-08-03 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +4 min
Bryan van der Beek | Bloomberg | Getty ImagesSINGAPORE — Singapore-based food delivery apps Grab and Foodpanda are expanding into the dine-in space, as consumers look to eat out more post-pandemic. Foodpanda was the first food delivery companies in Singapore to introduce dine-in features in 2021. Food delivery is currently still Foodpanda's largest business, followed by grocery delivery, he said. In June, food delivery service AirAsia Food launched dine-in services in collaboration with restaurant reservation platform eatigo. Food delivery apps want to help [restaurants] get some business in terms of dining in and booking.
Persons: Bryan van der Beek, Bernstein, Foodpanda, Jakob Sebastian Angele, Jonathan Woo, Phillip Securities Research Angele, TabSquare, Jein, GrabFood's, Tay, Woo, Sachin Mittal Organizations: Central Business District of Singapore, Bloomberg, Getty, SINGAPORE —, CNBC, Phillip Securities Research, AirAsia Food, DBS Bank Locations: SINGAPORE, SINGAPORE — Singapore, Singapore, Thailand, Indonesia, Malaysia, Philippines, Vietnam, Hong Kong, Pakistan, Bangladesh, Asia Pacific
☆ DBS Bank explains why it likes Amazon and Sea Limited
  + stars: | 2023-07-31 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDBS Bank explains why it likes Amazon and Sea LimitedSachin Mittal of the Singapore bank says there is no major threat to Amazon, and adds that it's bullish on Sea Limited despite competition from TikTok in Southeast Asia.
Persons: Sachin Mittal Organizations: DBS Bank, Sea, Sea Limited Locations: Singapore, TikTok, Southeast Asia
☆ TikTok Shop, a rising threat to Shopee and Lazada in Southeast Asia
  + stars: | 2023-05-26 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +7 min
CFOTO | Future Publishing | Getty ImagesTikTok Shop is a rising threat to major e-commerce players such as Shopee and Lazada in Southeast Asia. TikTok Shop is the e-commerce marketplace of short video app TikTok, which is owned by Chinese tech giant ByteDance. In 2022, TikTok Shop expanded to six Southeast Asian countries — Singapore, Malaysia, Indonesia, the Philippines, Vietnam and Thailand. TikTok is "focused on the continued development of TikTok Shop in Southeast Asia," said the spokesperson. To incentivize sellers to join the platform, TikTok Shop waived commission fees when it launched in Singapore in August.
Persons: TikTok, Shopee, Shawn Yang, Shop's, Sachin Mittal, Lazada's GMV, Jonathan Woo, Lazada, Shou Zi, Woo, bode Organizations: Blue Lotus Research Institute, Sea Group, DBS Bank, CNBC, Intelligence, Phillip Securities Research, TikTok, U.S, Merchants, SG, Phillip Securities Locations: Southeast Asia, India, Singapore, Malaysia, Indonesia, Philippines, Vietnam, Thailand, Southeast, GMV, U.S, Statista, Brazil, China, U.S ., Montana, Texas, Nomieo
☆ GoTo's gross revenue declined on a sequential basis, says DBS Bank
  + stars: | 2023-04-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoTo's gross revenue declined on a sequential basis, says DBS BankSachin Mittal of the Singapore bank discusses the Indonesian tech giant's earnings and says "cost-cutting was clearly the focus."
☆ DBS Bank discusses Sea Limited, Grab and GoTo
  + stars: | 2023-03-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUncertain if Southeast Asia's top 3 tech titans have enough capital to absorb small players: DBSSachin Mittal of the Singapore bank says it remains uncertain if Southeast Asia's top three tech "titans" — Sea Limited, Grab and GoTo — will have "enough capital to absorb these small players."
☆ Shares of Indonesia's GoTo fall more than 4% as 2022 loss swells to $2.6 billion
  + stars: | 2023-03-21 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +2 min
GoTo Group posted a wider full-year 2022 net loss of 40.4 trillion rupiah ($2.63 billion) in its latest earnings report. Shares of GoTo Group fell as much as 4.62% on Tuesday after the Indonesian tech giant's annual net loss for 2022 widened. The full-year net loss came in at 40.4 trillion Indonesian rupiah ($2.63 billion) last year, according to its latest earnings report. Here are the key takeaways:Net revenue: 11.3 trillion rupiah, vs. 5.2 trillion rupiah in 2021Adjusted loss before interest, taxes, depreciation and amortization: 16 trillion rupiah, vs. 16.5 trillion rupiah in 2021Net loss: 40.4 trillion rupiah, vs. 25.9 trillion rupiah in 2021And in the fourth quarter of 2022:Net revenue: 3.4 trillion rupiah, vs. 4.5 trillion rupiah in the third quarterAdjusted EBITDA loss: 3.1 trillion rupiah, vs. 3.7 trillion rupiah in the previous quarterGoTo, the combined entity between ride-hailing giant Gojek and e-commerce marketplace Tokopedia, went public on the Indonesia Stock Exchange last April. "This strategy enabled us to reduce incentives and product marketing in fourth quarter 2022 by 34%, or 2.8 trillion rupiah, year-on-year.
☆ DBS Bank says it wasn't positive on Singapore-based Grab, but it's 'more comfortable' now
  + stars: | 2023-02-24 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDBS Bank says it wasn't positive on Singapore-based Grab, but it's 'more comfortable' nowSachin Mittal of the Singapore bank says the nature of Grab's business is a "low-margin" one.
☆ Layoffs aren't the only way to optimize costs, DBS Bank says of GoTo
  + stars: | 2022-11-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLayoffs aren't the only way to optimize costs, DBS Bank says of GoToSachin Mittal of DBS Bank discusses the level of competition in e-commerce and recent layoffs in the tech sector.
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