A basket of under-the-radar tech stocks are hitting new highs in the second quarter, offering profits for observant traders and investors. Stay-at-home orders have underpinned many of these rallies, making us more dependent on digital communications, recreation, and everyday business activities that include cyber-conferencing, document sharing, and virtual human resource management.

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

Sea Limited Prices Offering of US$1 Billion Convertible Notes

Whenever internet commerce is mentioned, first thoughts often go to Amazon (NASDAQ: AMZN), the king of all e-commerce. Amazon is not only a great stock to own, but it's also a fearsome competitor. While it was the COVID-19 pandemic that finished that company off, it was internet retail that inflicted much of the damage that weakened it beforehand.

Sea's (SE) first-quarter 2020 results benefit from a solid uptick in digital entertainment and e-commerce segments amid the coronavirus chaos.

Singapore-based Sea operates the largest digital entertainment platform and the largest e-commerce operation in the Southeast Asia region. It also has a digital payment services business.

Is (SE) Outperforming Other Finance Stocks This Year?

Sea Limited Announces Proposed Offering of Convertible Notes

Sea Limited (NYSE: SE) ("Sea" or the "Company") today announced its financial results for the first quarter ended March 31, 2020.

Shares of Sea Limited advance on strong quarter Continue reading...

Image source: The Motley Fool. Sea Limited (NYSE: SE)Q1 2020 Earnings CallMay 18, 2020, 7:30 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning and good evening.

Sea Limited's (NYSE:SE): Sea Limited engages in the digital entertainment, e-commerce, and digital financial service...

In the latest trading session, Sea Limited Sponsored ADR (SE) closed at $62.91, marking a +0.67% move from the previous day.

Guru releases portfolio for the 1st quarter Continue reading...

What happened Shares of Sea Limited (NYSE: SE) have popped today, up by 11% as of 1:15 p.m. EDT, after the company reported first-quarter earnings. The results missed expectations, but the mobile gaming and e-commerce specialist continues to put up impressive growth figures.

Shares of Sea (NYSE:SE) moved higher by 1.5% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share increased 18.75% over the past year to ($0.52), which missed the estimate of ($0.32).Revenue of $913,920,000 higher by 57.89% year over year, which missed the estimate of $915,420,000.Looking Ahead Sea hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Details Of The Call Date: May 18, 2020View more earnings on SETime: 07:30 AMET Webcast URL: https://78449.choruscall.com/dataconf/productusers/se/mediaframe/37714/indexr.htmlTechnicals 52-week high: $64.3952-week low: $24.59Price action over last quarter: Up 21.34%Company Profile Sea Ltd is an internet company. The company operates through three segments namely Digital entertainment, E-commerce, and Digital financial services. It generates maximum revenue from the Digital Entertainment segment. Digital Entertainment segment includes Garena's platform which offers mobile and PC online games across the region and develops mobile games for the global market. Garena is the global leader in eSports, it also provides access to other entertainment content and social features, such as live streaming of gameplay, user chat, and online forums. Geographically, it derives a majority of revenue from Southeast Asia and also has a presence in Latin America; the Rest of Aisa and the Rest of the world.See more from Benzinga * Stocks That Hit 52-Week Highs On Monday * Stocks That Hit 52-Week Highs On Friday * Stocks That Hit 52-Week Highs On Wednesday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Sea Limited's (SE) first-quarter results are likely to reflect a strong momentum in digital entertainment and ecommerce businesses despite the coronavirus chaos.

While I'm still getting to know the company, there's enough to like that it warrants an investment by me. The "Sea" in Sea Limited comes from the company's geographical focus: Southeast Asia -- namely Singapore, Indonesia, Vietnam, Malaysia, Thailand, Taiwan, and the Philippines. Beyond that, don't try to put Sea Limited in a box.

(Bloomberg) -- Follow Bloomberg on LINE messenger for all the business news and analysis you need.Farmers in Cameron Highlands, a cradle of Malaysia’s agricultural industry, dumped hundreds of tons of produce in March after Covid-19 lockdowns shuttered wholesale markets and restaurants across the nation. They also gave Alibaba a chance to crack a difficult arena.Lazada Group SA, the Southeast Asian subsidiary of Alibaba Group Holding Ltd., opened a virtual store to link farmers and homebound Malaysians. The uptake surprised even the e-commerce giant: consumers bought an average of 1.5 tons of cabbages, carrots and spinach each day. On the fourth day, 3.5 tons of veggies were sold in less than half an hour. By the third week, about 70 tons had been delivered from farms to doorsteps across the country.Fresh groceries -- now one of the top three categories on Lazada Malaysia -- weren’t even an option there three months ago. Before the novel coronavirus, Lazada had dedicated grocery arms only in Singapore, Thailand and the Philippines; after the outbreak, it’s expanded to Malaysia, Vietnam and Indonesia. It’s keen to maintain that momentum, backed by 30 fulfillment centers across 17 cities in the region.“Covid-19 is a catalyst of digital transformation in Southeast Asia,” Lazada Group Chief Executive Officer Pierre Poignant said in an interview. “When consumers build a habit, it doesn’t easily go away. E-commerce will become a way of life.”Read more: Southeast Asia’s Internet Economy to Top $100 Billion This YearDemand for fresh groceries has surged globally, but the spike in Malaysia opened a window in particular for China’s largest online commerce company into a lucrative market after years of building one of the region’s largest delivery networks. Since March, more agricultural entrepreneurs, fisheries and local businesses have started to pivot brick-and-mortar business to e-commerce, according to Lazada Malaysia Chief Operating Officer Shah Suriye Rubhen. The festive period of Ramadan, in a country where more than half the population is Muslim, has also galvanized demand and farmers have responded by increasing their assortment of goods on offer.“Local SMEs are realizing that digitizing their business is the way forward to remain sustainable in the long-term, diversify their revenue stream, and market to the increasingly growing internet economy,” Shah said.Alibaba’s unit may have scored in Cameron Highlands, but the wider Southeast Asian market remains heavily contested.Read more: New Alibaba Chief Explains Why He Wants to Kill His Own BusinessLazada, started in 2012 by Rocket Internet before Alibaba eventually bought full control of the company, was the first e-commerce outfit to serve six countries in Southeast Asia. But its fiercest rival Shopee, a unit of Singapore’s Sea Ltd., has expanded aggressively in the past year and overtaken Lazada as the most visited website in 2019, according to research firm iPrice Group.In Indonesia, the largest and most promising market in the region, Alibaba-backed Tokopedia ranks as the top e-commerce company based on web traffic, followed by Shopee, Bukalapak and Lazada. Blibli is the online grocery leader, while “Shopee, Tokopedia and Lazada are playing fast catch-up,” said Roshan Raj, a Singapore-based partner at research firm RedSeer Consulting.It’s not just the e-commerce giants -- the resurgence in online grocery has attracted new entrants from adjacent industries. Singapore’s Qoo10 Pte was particularly swift to act when the government ordered bubble tea shops to temporarily shut along with other non-essential services, offering DIY bubble tea kits. Even meal delivery firm Foodpanda started grocery delivery.At home in Singapore, Lazada’s Lazmall, where brands sell directly to consumers, has recently attracted big names like Under Armour Inc. in Singapore and Thailand, Starbucks Corp. and 3M Co. in Indonesia and department store chain Robinsons, which is shutting one of its three Singapore outlets in August.“There are brands that I would not have imagined would come to e-commerce,” Poignant said.The 41-year-old Frenchman, a co-founder who took the helm last year, says Lazada is interested in grocery deals, including acquisitions and joint ventures, in Southeast Asia. “We are very open to that,” he said, adding the company isn’t in concrete discussions at the moment. His firm last month teamed up with Indonesia’s Rumah Sayur Group to source vegetables from 2,500 farmers in West Java.Lazada acquired Singaporean e-grocer RedMart in 2016. It struggled to meet demand and had to temporarily suspend new grocery orders in April to make adjustments. Poignant said changes made to RedMart helped the company serve 50% more customers each day a month later.“Southeast Asia’s e-commerce market is likely to move from a subsidy game to a quality game,” said Lai Chang Wen, CEO of Singapore-based Ninja Van, which helps e-commerce clients deliver more than a million packages daily in the region. “This shift will be pivotal and have a lasting impact.”Read more: Alibaba Bets on Frenchman to Lead High-Stakes Southeast Asia ExpansionPoignant argues Alibaba’s technologies will help differentiate Lazada, starting with live-streaming. He said Lazada is the only player in Southeast Asia that allows consumers to immediately buy items they see on a stream. By the end of June, Lazada plans to host more than 1,000 daily sessions, up from 4,000 per week now. In April, some 7,000 new live stream accounts were created, up 70% from the pre-pandemic era.Alibaba’s artificial intelligence technology is another asset. Lazada has more than 100 people working on personalizing its experience, part of Lazada’s 9,000-strong workforce across six countries.For the Chinese e-commerce behemoth, Lazada is the single most important piece of its globalization strategy. It aims to serve 300 million Southeast Asians by 2030, up from 65 million now, according to Poignant.Underscoring that ambition, Alibaba last week struck a deal to buy half of Singapore’s AXA Tower, valued at S$1.68 billion ($1.2 billion). Poignant says the 50-story landmark, already home to 3,000 Lazada staff, has very good feng shui. The cylindrical structure was inspired by a stack of coins and originally built as the country’s Treasury Building in 1986. Prime Minister Lee Hsien Loong once had an office in the building, Poignant added.“Southeast Asia is an absolutely critical market for Alibaba,” he said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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