Rounding up top reads from around the web, including articles shared by fellow investors in the Financial Horse Facebook Group.
Shares of Sea Ltd, South-east Asia’s most valuable company, fell after reporting third-quarter financial results that showed signs of a slowdown in e-commerce growth. The Singapore-based company owns e-commerce platform Shopee and game developer Garena.
Its revenue doubled to US$1.2 billion (S$1.6 billion) for the quarter and it boosted annual forecasts for two key businesses. But net losses also doubled to US$419.9 million and quarter-on-quarter growth in e-commerce gross merchandise value dropped to 16 per cent, from 29 per cent in the second quarter. Sea shares slid 4.3 per cent in US trading on Tuesday (Nov 17). The stock is still up more than 300 per cent for the year.