Sea Limited (Sea)

In the healthcare industry, the coronavirus pandemic led to big fortunes, fast. Now, some of them are evaporating just as quickly.

Sea Ltd. and Gojek are snapping up Indonesian lenders, betting they can make headway into one of the world’s largest unbanked markets.

The technology industry in Southeast Asia is relatively young. Not only is it a late starter compared to Silicon Valley, it is also lagging behind Asian tech giants such as China and India.

Singapore’s Sea Ltd., the tech startup that’s become Southeast Asia’s most valuable company, has acquired Indonesia’s PT Bank Kesejahteraan Ekonomi, according to people familiar with the matter.

iFAST Corp
Price target: DBS Group Research “buy” $3.96

Still a ‘buy’ despite not winning a licence

DBS Group Research analyst Sachin Mittal has maintained “buy” on Sea Limited as he believes its securing of a digital full bank (DFB) licence by the Monetary Authority of Singapore (MAS) could acce

Technology stocks, the lack of which has made Singapore one of Asia’s worst markets this year, are slowly starting to win more clout in the city-state.

Eric Yuan is, in many ways, the poster child for the coronavirus economy.

Mall operator CapitaLand and ecommerce platform Shopee are joining hands to help accelerate the digitalization of Singapore retailers, and thereby emerge stronger from the Covid-19 crisis.

DBS Group Research analyst Sachin Mittal has maintained his “buy” recommendation on Sea Limited due to the “surging popularity” of its in-house developed game, Free Fire.