New York Stock Exchange (NYSE)

Sea's 3Q losses widen to US$133 mil on higher costs and expenses

SINGAPORE (Nov 22): Sea, the Singapore-based online entertainment and gaming firm formerly known as Garena, announced 3Q17 ended Selosses doubled to US$132.7 million ($179.8 million) from a loss of US$65.6 million in 3Q16.

Group revenue saw a 4% increase to US$94.1 million from US$90.5 million a year ago.

The digital entertainment segment saw revenue drop by 7.4% to US$79.8 million from US$86.2 million last year.

Revenue from others segment more than tripled to US$14.3 million.

Sea investors look to first earnings since NYSE IPO for growth

(Nov 21): Sea pitched itself as an emerging growth company in last month’s initial public offering, and investors are about to get their first chance to see if it lives up to the billing.

The Singapore-based company will release its first financial report Wednesday, with sales expected to reach US$94.5 million ($128.2 million) in the three months ended September, according to the average of analysts’ estimates, as the company builds on its core games business.

That’s a 4.4% increase from a year earlier, according to data compiled by Bloomberg.

Charles Schwab launches Singapore office following migration from optionsXpress

SINGAPORE (Nov 8): Charles Schwab today announced the launch of its Singapore office, Charles Schwab Singapore, to empower Asian investors whose investment portfolios are underexposed to the US market due to high transaction fees.

In a Wednesday announcement, the group says this will be accomplished by improving access through Charles Schwab’s proprietary tools and research, quality service, and competitive pricing.

Rocky waters ahead for Sea as share price drops 3 days in a row after IPO

(Oct 26): Sea shares fell for the third day in a row and dropped below their initial public offering price, a rocky start as a public company for the Singapore games startup.

Sea’s stock slipped 9.9% in New York trading Wednesday to close at US$13.73 ($18.69). The company sold shares to investors at US$15 and they rose 8.4% in its first day of trading last week.

CIMB starts US-listed China Yuchai with 'add' on anti-pollution policies

SINGAPORE (Oct 23): CIMB is starting coverage of US-listed China Yuchai International with an “add” call and target price of US$30.53 ($41.54).

China Yuchai, 40.2% owned by Hong Leong Asia, is an engine supplier and a market leader in the bus segment with over 50% share of sales volume in 2016.

The group also has a wide geographical footprint in China of over 2,700 service stations and 33 regional sales centres.

In a Friday report, analyst Ngoh Yi Sin says the group is riding on favourable policy changes and industrial development in China.

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