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Top Stock Highlights of the Week: Sea Limited, Grab, Sembcorp Marine and ST Engineering
By The Smart Investor  •  May 22, 2022
Welcome to this edition of top stock highlights where we feature snippets from various companies. Sea Limited (NYSE: SE) Sea released its fiscal 2022 first quarter (1Q2022) earnings that saw revenue continue to power higher. Total revenue surged by 64.4% year on year to US$2.9 billion, driven by year on year revenue increases in all its divisions. Revenue from its Digital Entertainment division, Garena, climbed by 45.3% year on year to US$1.1 billion while the e-commerce and other services division, which includes SeaMoney, saw revenue soaring by 94.2% year on year to US$1.5 billion. The gross margin improved from 36.6% a year ago to 40.4%. Gross orders for Shopee jumped 71% year on year to 1.9 billion, taking gross merchandise value (GMV) higher by 39% year on year to US$17.4 billion. However, for Garena, quarterly active users slid 5% year on year to 615.9 million while quarterly paying users fell by 23% year on year to 61.4 million....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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