My Investing Muse

  Public Holidays No public holidays for Hong Kong, Singapore, the US & China in the coming week. Economic Calendar (14Aug2023) Economic Calendar for the week starting 14 Aug 2023 Notable Highlights Retail data  - Core retail sales and retail sales data will be announced this week. This reflects consumption in the USA. Building Permits . This will shed some light pertaining to real estate. Philadelphia Fed Manufacturing Index . From investing >  The Philadelphia Federal Reserve Manufacturing Index rates the relative level of general business conditions in Philadelphia. A level above zero on the index indicates improving conditions; below indicates worsening conditions. The data is compiled from a survey of about 250 manufacturers in the Philadelphia Federal Reserve district. Jobless claims.  Initial jobless claims will be announced on Thursday. This would form critical data points for the Fed to decide on the next interest rate adjustment. This is part of the ...

Let us look the 2022 Q2 earnings of SEA LIMITED $SE (dated 16th Aug 2022). Sea has the following service offerings: E-Commerce Digital Entertainment Digital Financial Services Yahoo Finance overview of Sea as of 21Aug22 Background 52-week low & high of 54.06 & 372.70 the last closed price stood at $67.67 (as of 19 Aug 2022) The market cap of the company is $38.013B The average volume trading volume of the stock is 6.385M On the last day of the week (19 Aug 22), the trading volume stood at 11.22M following days of sell off following the disappointing earnings. Financial results (Q2 2021 vs Q2 2022) Observations (Q2 2021 vs Q2 2022): Overall revenue has increased 29.0% > this is good news. Coming to the revenue, we have the following: Concern that the "digital entertainment (that includes the gaming core) has fallen by 12.1% It is good to see the great growth in e-commerce & others has grown by 75.6% Sales of Goods has grown by 11.7% However, if we look into the costs...

$SE stock fell from a recent high of $372.70 to $116.98 as of 28Mar2022 US market close.  This is a drop of over 68.6% . Has the stock reached a bottom or will the decline continue?    Extract from Motley Fool's  article about $SE (dated 28Mar2022): "The e-commerce gross orders were up by 90% year over year. Ninety percent, that's pretty stellar growth. SeaMoney total payment volume was up 70% year over year to $5 billion. Which is about 1/9th of what Block ( SQ 5.98% ) does in terms of volume. About 1% or 2% of what PayPal ( PYPL 2.12% ) does. This is a very small amount of payment volume so far, so they can keep that 70% growth rate up for several years to come. Gross profit up 146% year over year, which shows that the business is starting to become a little more efficient. They're still losing money because they are investing so much in their growth which is fine with those numbers. Over $10 billion of cash on the balance sheet to absorb any short-term losses the...