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Hello reader,
I absolutely used to loathe it when, after school exams, my friends would put their heads together and make efforts to chalk out how many answers they got right. I didn’t do a good job of hiding that feeling either.
Here’s a secret: Alone in my room, I did that math on my own and kept the results to myself. I was prepared to languish in my room and suffer in silence till the results actually came out.
That’s a choice one can’t always make. Your disappointment isn’t always just yours.
This explains why Sea Group’s (SE, NYSE) shares fell by 18% following its first-quarter results of 2023. The firm missed analysts’ profit estimates by over 60%.
As always, we have the best person on the job to help you make sense of Sea’s report card – someone whom I promise won’t be resorting to high school post-exam trauma in his incisive analysis. On to Simon’s piece.
— Nikita
THE BIG STORY
Wall Street’s sour reaction to Sea’s Q1 results: justified or short-sighted?
Image credit: Timmy Loen
Disappointing results at Garena and a mixed picture at Shopee were balanced out by a strong performance at the firm’s SeaMoney division.
3 Trends to keep an eye on
Hot stocks, earnings reports, restructuring, pressure from activist investors, and more.
Image credit: Timmy Loen
2 Eye-popping facts
The one you didn’t see coming
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