KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia's key index closed at an intraday high today, supported by continued buying interest even as renewed geopolitical tensions and a weaker overnight lead from Wall Street following the US Federal Reserve's (Fed) decision to stand pat on interest rates weighed on broader sentiment. The Fed has decided to hold rates steady for the fifth consecutive meeting, with the Federal Funds Rate unchanged between 3.50 per cent and 3.75 per cent. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.84 points to 1,720.40 from yesterday’s close of 1,715.56. The benchmark index, which opened 1.14 points lower at 1,714.42, hit its lowest level of 1,710.69 in early trade before gaining momentum for the rest of the day. However, the broader market was negative with losers outpacing gainers 581 to 411, while 612 counters were unchanged, 1,173 untraded, and 87 suspended. Turnover declined to 2.49 billion units valued at RM2.25 billion from ...
What to Expect from Sea’s Performance on March 4
- Sea Limited (SE) is set to announce Q4 2024 financial results before the market opens on March 4 (ET).
- Analysts expect revenue of $464 million, reflecting a 28.42% YoY increase, and earnings per share (EPS) of $0.435.
- Sea’s stock has surged nearly 20% YTD, following a 160% gain last year.
Shopee: E-Commerce Growth & Market Expansion
- Shopee remains a key growth driver, benefiting from:
- Expanding market leadership amid potential slowdown in social commerce in ASEAN.
- Investment in logistics to sustain long-term growth.
- Continued investment in Brazil to strengthen market presence.
- J.P. Morgan expects Shopee to leverage network effects for sustained growth and has raised its FY26E GMV forecast by 4%.
- However, intensifying competition from regional and global players could impact short-term performance.
SeaMoney: Digital Finance Expansion
- Loan book growth exceeded 70% YoY in Q3, driven by strong credit demand in underserved markets.
- Momentum is expected to continue, fueled by rising demand for digital financial solutions.
- Key risk: Weakening credit quality could jeopardize growth forecasts.
Garena: Free Fire’s Turnaround & Growth Outlook
- Game bookings are projected to rise 24% YoY in 2025, led by Free Fire’s resurgence.
- New content collaborations, such as Naruto, have supported Free Fire’s turnaround after a two-year decline.
Key Investor Takeaways
- Watch for Shopee’s market expansion and take-rate trends.
- Monitor SeaMoney’s loan performance amid rising credit risks.
- Garena’s gaming revenue is expected to rebound, but sustainability remains key.
Market Outlook & Potential Risks
- Sea’s ability to navigate rising competition and scale its fintech operations will be crucial for future growth.
- Investors should closely watch management’s guidance on e-commerce growth, financial services expansion, and gaming performance.
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