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Top related persons:
Barrick - 1 Jeffrey Wlodarczak - 1 Wlodarczak - 1 Zuckerberg - 1 Helena Wang - 1 Forrest Li - 1 Li - 1 Sea's - 1
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Singapore U.S SeaMoney Canada MariBank Sea's New York Southeast Asia Indonesia
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Street - 1 Ltd - 1 Barrick Gold - 1 CNBC Pro - 1 Wall Street - 1 Research - 1 Limited - 1 New York Stock Exchange - 1

Search resuls for: "SeaMoney"


5 mentions found


☆ 10 analysts just hiked their price targets on these 3 stocks — including a Big Tech AI firm
  + stars: | 2024-10-21 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +3 min
A slew of Wall Street analysts last week turned even more bullish on three stocks ahead of their quarterly earnings reports. CNBC Pro screened for stocks in the MSCI World Index that have received share price target upgrades from Wall Street analysts over the past seven days. Despite raising their price target, Phillip Capital analysts have a "neutral" rating on the stock. The median price target of 17 analysts points to 18% upside potential. The company's share price is correlated to the price of gold , and also copper to a lesser degree.
Persons: Barrick, Jeffrey Wlodarczak, Wlodarczak, Zuckerberg, Helena Wang Organizations: Street, Ltd, Barrick Gold, CNBC Pro, Wall Street, Facebook, Research, Limited, New York Stock Exchange, Phillip Capital Locations: U.S, Singapore, SeaMoney, Canada
☆ Singapore's Sea Limited posts first profitable year amid efforts to defend market share against Lazada, TikTok
  + stars: | 2024-03-05 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com   time to read: +2 min
Southeast Asian tech giant Sea Limited on Monday posted its first profitable year amid efforts to defend market share against Alibaba -owned Lazada and TikTok. Net income in 2023 was $162.7 million, as compared to a net loss of $1.7 billion in 2022. Sea's e-commerce arm Shopee made a "meaningful gain in market share" in 2023 despite "intensified competition in Southeast Asia," the firm said on Monday. Sea also said Shopee's market share in the region has "solidified" and the firm intends to "maintain our market share in 2024." Tokopedia merged with TikTok Shop in Indonesia to form an enlarged Tokopedia entity, in which TikTok will take a controlling stake of 75.01%.
Persons: Forrest Li, Li, Sea's, Shopee Organizations: Alibaba Locations: MariBank, Singapore, Sea's New York, Southeast Asia, Indonesia
☆ JPMorgan says AI's 'democratization' could put these 2 U.S.-listed Asian stocks at risk
  + stars: | 2023-08-24 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +2 min
JPMorgan warned that rapid growth in artificial intelligence is no guarantee of sustained earnings increase — and could leave many companies at risk. However, this does not guarantee sustained earnings growth and [return on equity] expansion," JPMorgan analysts led by Ranjan Sharma wrote in a note to clients on Aug. 9. According to JPMorgan, AI costs are also expected to continue dropping in light of lower computing costs and the development of more open-source AI models. The company owns the e-commerce platform Shopee, the fintech platform SeaMoney and the game development studio Garena. "In our view, SE's gaming business could face increased competitive risks as GenAI reduces barriers for entry in game development.
Persons: OpenAI's ChatGPT, Ranjan Sharma, TDCX, CNBC's Naman Tandon Organizations: JPMorgan, Sea Ltd, NYSE Locations: New York, Singapore
☆ Singaporean tech firm Sea's profit miss sparks share selloff
  + stars: | 2023-05-16 | by ( ) www.reuters.com   time to read: +2 min
May 16 (Reuters) - Singaporean tech firm Sea Ltd (SE.N) missed first-quarter profit estimates on Tuesday, as its digital entertainment revenue halved and it took a one-time charge of more than $100 million. Sea shares dropped 12.5% to $77.05 and headed for their worst day in six months, dulling this year's strong gains booked on a cost-cutting plan involving thousands of job cuts, the closure of some operations and a lower marketing budget. The company's operating expenses fell by more than a fifth in the quarter ended March 31, with marketing spends down 60.2%. It helped Singapore-based Sea report a profit of $87.3 million, compared with a loss of $580.1 million a year ago. It also missed estimates of $3.07 billion.
☆ Singapore's Sea Group turns profitable for the first time
  + stars: | 2023-03-08 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +5 min
Sea Limited's e-commerce arm, Shopee, turned positive adjusted EBITDA for the first time in the fourth quarter of 2022. The group also posted its first-ever positive net income in the quarter. The chairman and group CEO of Sea Limited, said on Tuesday that 2022 was "another year of evolution for us." Shopee and SeaMoneyMeanwhile, e-commerce business Shopee and digital payments arm SeaMoney continued to see strong growth in 2022. Positive EBITDA, or earnings before interest, taxes, depreciation and amortization, refers to the company operating at a profitable level.
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