T. H. Data Flash - Sea Limited – December & 4Q20E: Expect Strong 4Q20 Revenue Performance On Innovation And Good Practices As Well As Sales Events
We are positive on SE’s 4Q20 performance. The company is leaping forward at a tremendous pace by learning from innovations in China’s e-commerce area, adopting live streaming, in-commerce gaming & socializing, flexible payment system, and expanding sales into more categories (including used car) as well as promotions and discounts; all of these are likely to lead to bigger market share gains. In addition, SE has gained a full banking license from the Singapore government, which makes the company more powerful with Sea Money. For recent business operations, following the success of SE’s “10.10 Brand Festival” sales event, it had a successful “12.12” sales event.
S E A Holdings Limited is a Hong Kong-based investment holding company principally engaged in property businesses. The Company operates through three segments. Property Development segment is engaged in property development in Hong Kong and China. Property Investment segment is engaged in property investment in Hong Kong, China, Australia and Britain. Hotel Operation segment is engaged in hotel operation in Hong Kong.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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