Company Performance - Sea Limited experienced a significant turnaround in 2024, with its stock gaining over 160% and becoming the best performer in the portfolio [3] - The company's revenue growth accelerated to 30% year-over-year in Q3 2024, compared to just under 5% in 2023 [4] - Sea Limited achieved a net profit of $153 million in Q3 2024, a substantial improvement from a $144 million loss in Q3 2023 [8] E-commerce Business - Shopee, the e-commerce platform, generated positive adjusted EBITDA for the first time ever [5] - Gross merchandise volume increased by 25% year-over-year, and the take rate improved by 160 basis points, leading to a 45% growth in e-commerce revenue [5] Digital Financial Services - Sea Money's loan portfolio grew by 70% year-over-year to $4.6 billion, with revenue increasing by 38% [6] - The company added 4 million new borrowers, and the percentage of non-performing loans declined [6] Gaming Business - Garena's daily active users exceeded 100 million, growing by 25% year-over-year, with quarterly active users reaching over 628 million [7] - The Free Fire game became the most downloaded game globally, and bookings grew by 25% year-over-year [7] - Garena remains the largest profit driver, accounting for 65% of Sea's operating income [7] Growth Potential - Sea Limited trades at less than four times trailing-12-month sales, indicating potential undervaluation compared to historical multiples [9] - The company's logistics network is improving, which could drive higher order volumes on the e-commerce platform [9] - Sea AI Lab (SAIL) is focused on developing AI technologies to enhance existing businesses and create new opportunities, particularly in e-commerce and gaming [10] - The company has a gross margin of 36% and an adjusted EBITDA margin of about 12%, with potential for significant expansion as it continues to grow [11][12]

Stock Performance - Sea Limited's shares have gained 44.7% over the trailing six months, significantly outperforming the Zacks Computer & Technology sector's return of 4.9% and the Zacks Internet Software industry's appreciation of 14.8% [1] - SE shares have also outperformed industry peers, including HubSpot (25.1%), Workday (11.9%), and nCino (7.8%) over the same period [1] Core Business Segments - Sea Limited's strong performance is driven by consistent top-line growth, supported by its core segments: e-commerce (Shopee), digital financial services (SeaMoney), and digital entertainment (Garena) [2] - These segments are pivotal to the company's success, each addressing critical market needs [3] E-commerce (Shopee) - Shopee dominates the e-commerce space with rapid gross merchandise value growth and operational efficiency, solidifying its position as a leader in Southeast Asia's e-commerce market [4] - Shopee increased its monetization by optimizing market dynamics in Southeast Asia, resulting in higher commission rates and improved profitability [5] - In the third quarter, Shopee's loan book grew 70% year over year, with 4 million first-time borrowers added and active loan users reaching 24 million, up 60% [6] - SPX Express enhances e-commerce by providing fast delivery and cost efficiency, with 50% of orders in Asia delivered within two days [7] Digital Entertainment (Garena) - The digital entertainment segment demonstrated significant growth potential, with total bookings increasing more than 24% in the third quarter of 2024 [8] - Free Fire, one of the world's leading mobile games, consistently attracts more than 100 million daily active users and recently partnered with Thailand's Zoological Park Organization [9] Collaborations & Product Launches - Shopee's content efforts received a boost from a new collaboration with YouTube in Indonesia, allowing creators to embed clickable buttons in their videos for direct purchases, with plans to expand to more markets [10] - Shopee collaborated with Malaysia's Ministry of Health to launch the "Pek Kasih Mama" initiative, aiming to uplift local communities by enhancing online sales capabilities for entrepreneurs [11] - Garena recently launched Need for Speed Mobile in Taiwan, Hong Kong, and Macau, becoming the top racing mobile game in terms of downloads in all locations [11] - Garena is enhancing its partnership with Tencent to bring Delta Force, a first-person tactical shooter, to PC and mobile users across Southeast Asia, MENA, and Latin America [12] Financial Estimates - The Zacks Consensus Estimate for first-quarter 2025 revenues is pegged at $4.8 billion, suggesting 26.7% year-over-year growth [12] - The consensus mark for earnings is pegged at 87 cents per share, indicating a year-over-year surge of 314.29% [13] - The Zacks Consensus Estimate for SE's 2025 revenues is pegged at $19.62 billion, implying growth of 17.64% from the 2024 actual [13] - The consensus mark for earnings is pegged at $4.03 per share, indicating a year-over-year upsurge of 91% [13] Earnings Performance - SE's earnings missed the Zacks Consensus Estimate in the trailing four quarters, delivering an average negative surprise of 55.54% [14]

S&P 500 Performance - The S&P 500 gained 25% in 2024 but ended the year with a 3.3% drop in December [1] - The index currently trades at a P/E ratio of 25.1, which is a 38% premium to its long-term average of 18.1 [1] Sea Limited Overview - Sea Limited is a Singapore-based company operating in e-commerce, digital entertainment, and digital financial services [3] - Sea stock surged 175% in 2024 but remains below its 2021 peak [3] Sea Limited's E-commerce Segment - Shopee processed 2.8 billion orders in Q3 2024, with half of Asian orders delivered in two days or less [4] - Shopee's faster delivery strategy aims to reduce cost-per-order and increase customer purchase frequency [4] Sea Limited's Digital Financial Services - SeaMoney has over 24 million active customers and recorded $4.6 billion in outstanding loans at the end of Q3 2024, a 73% YoY increase [5] - SeaMoney provides loans to Shopee sellers and offers buy now, pay later services to consumers [5] Sea Limited's Digital Entertainment Segment - Garena's Free Fire was the most downloaded mobile game globally in Q3 2024, averaging over 100 million daily active users [6] - The segment struggles to match 2021 revenue levels due to reduced pandemic-related gaming activity [6] Sea Limited's Financial Performance - Wall Street forecasts Sea Limited's 2024 revenue at $16.5 billion, a 27% YoY growth, accelerating from 4.9% growth in 2023 [7] - E-commerce is expected to drive most of the revenue and growth, while digital entertainment revenue may decline [8] Sea Limited's Valuation - Sea stock trades at a P/S ratio of 4.1, significantly below its long-term average of 9.4 [9] - The stock would need to more than double to return to its average P/S ratio [10] Snowflake Overview - Snowflake stock fell 18% in 2024 despite the S&P 500's strong performance [11] - The company focuses on its Data Cloud and AI initiatives, including Cortex AI [11][12] Snowflake's AI Products - Cortex AI integrates large language models from companies like Anthropic and Meta Platforms [12] - Snowflake Copilot and Document AI are tools designed to accelerate software development and extract data from unstructured sources [13] - 3,200 of Snowflake's 10,618 customers were using its AI products as of Q3 fiscal 2025 [13] Snowflake's Financial Performance - Snowflake's fiscal 2025 product revenue is projected at $3.4 billion, a 29% YoY increase, down from 38% growth in fiscal 2024 and 70% in fiscal 2023 [14] - The company lost $958 million in the first three quarters of fiscal 2025, a 43% increase from the same period in fiscal 2024 [15] Snowflake's Valuation - Snowflake trades at a P/S ratio of 15, making it more expensive than Microsoft, Amazon, and Alphabet [16] - The stock fell over 10% in December 2024, three times the S&P 500's decline [16]

Group 1 - Genco Shipping & Trading (NYSE: GNK) has a strong capital structure that protects its financials from the cyclicality of deep-sea dry bulk shipping [1] - The company's management has successfully executed strategies over the past few years to enhance its operational performance [1]

OpenAI 要研发人形机器人。 媒体援引两位知情人士消息，OpenAI 考虑开发一款人形机器人。在此之前，OpenAI 已经投资 Figure、1X 两家人形机器人公司和研发机器人模型的 Physical Intelligence，并重新组建了四年前解 散的机器人软件团队。 OpenAI 正借助 ChatGPT 带来的势能扩大业务范围，从搜索到浏览器再到研发 AI 芯片等，并与客 户、合作伙伴以及投资的公司竞争。 人造物体离太阳又近了一些。 NASA 宣布，帕克太阳探测器（Parker Solar Probe）正在刷新历史纪录，12 月 24 日以 69 万公里的 时速（不到 10 秒就能从北京到深圳），飞过距离太阳表面 610 万公里的近日点。 帕克太阳探测器于 2018 年发射升空，两个月后就刷新了人造物体距离太阳最近的纪录，并在 2021 年飞越日冕。现在还不能确定这次任务是否成功，因为距离太远，帕克太阳探测器返回的信号最快 也得 12 月 27 日抵达地球。 网易新园区入驻上海青浦。 据界面新闻，继华为之后，网易位于上海青浦的园区也即将启用，届时将有约 2 万名员工迁入办 公。新园区总建筑面积 62 ...

Equinor ASA (EQNR) has hit a dry spell in its latest North Sea exploration efforts. Two wells drilled with Odfjell Drilling’s Deepsea Stavanger semi-submersible rig off the coast of Norway failed to uncover hydrocarbons. These wildcat wells, identified as 35/10-14 S and 35/10-14 A, also known as the Kvernbit/Mimung, marked the first exploratory activities within production license 1185, awarded in 2023.Equinor, holding a 40% stake in the license, operates it alongside partners Vår Energi, Sval Energi and Ak ...

You might be surprised how well some stocks have performed.The S&P 500 is up by nearly 30% so far in 2024, but many stocks have done much better. In this video, longtime Fool.com contributor Matt Frankel discusses how Sea Limited (SE 1.03%) nearly tripled in 2024 but still looks attractive, while colleague Tyler Crowe discusses why Emcor (EME -1.58%) has been such a great performer in his portfolio.*Stock prices used were the morning prices of Dec. 12, 2024. The video was published on Dec. 14, 2024. ...

Investment Strategy - The investment strategy focuses on identifying "divergent stocks," which are disruptive companies with strong fundamentals and long growth runways but currently undervalued prices [1] - The strategy targets innovative companies that aim to make the world a better place, emphasizing long-term growth potential [1] Analyst's Position - The analyst holds a beneficial long position in shares of SE and GRAB through stock ownership, options, or other derivatives [1] - The analyst's views and opinions are independent and not influenced by compensation or business relationships with the mentioned companies [1]

Core Insights - Equinor ASA and Var Energi are assessing the feasibility of connecting a recent oil discovery to the existing Goliat FPSO unit in the Barents Sea, following confirmation of oil reserves in the Countach discovery area [1][5] Group 1: Discovery and Appraisal - The appraisal well 7122/8-2 S revealed a 35-meter oil column in the Kobbe Formation and a 217-meter oil column in the Klappmyss Formation, with initial estimates indicating recoverable volumes of 10-52 million barrels of oil equivalent [2] - The well did not undergo formation testing, but extensive data acquisition suggests significant reservoir potential, marking an important find in the region [2] Group 2: Infrastructure and Development Plans - The Goliat FPSO has been a central hub for oil production in the Barents Sea since 2016, with plans for gas exports via the Snohvit pipeline to the Melkoya LNG facility [3] - The proposed tie-back to the Goliat FPSO aims to utilize existing infrastructure to reduce development costs and extend operational life, aligning with the companies' sustainable resource development strategies [3][5] Group 3: Ongoing Exploration and Future Projects - Equinor and Var Energi are actively exploring the Barents Sea, with ongoing efforts in production licenses 229 and 1131, which have yielded promising discoveries [4] - The Johan Castberg FPSO project, another initiative in the Barents Sea involving both companies, is nearing completion with a revised start-up timeline set for early 2025 [4] Group 4: Strategic Commitment - The Countach discovery reinforces Equinor and Var Energi's commitment to maximizing resources in the Barents Sea, reflecting a balanced approach that combines technological expertise with efficient infrastructure use [5][6]

North Sea Investment Overview - The North Sea remains a powerful investment opportunity in the oil and gas sector, driven by technological advancements and sustainability efforts [1] - The region is evolving to meet future energy demands through innovation and growth, moving away from aging infrastructure [2] Technological Innovation - UK operators are projected to invest over £300 million in 2024 in advanced technologies such as robotics and digital tools, signaling strong growth potential [3] - Nearly half of all new technologies deployed in the North Sea in 2023 were digital, including AI, robotics, and automation, enhancing safety and production efficiency [13] Commitment to Sustainability - Major companies like Shell, BP, and Equinor are integrating renewable energy into their traditional operations, reducing risk and positioning for future growth [4] - Companies are adopting greener practices and carbon reduction initiatives, future-proofing operations while maintaining profitability [15] Market Growth and Stability - North Sea oil and gas production is expected to grow at a steady annual rate of over 2% from 2024 to 2029, driven by consistent demand and infrastructure investments [5] - The region offers a stable environment with solid returns for long-term investors [5] Key Players in the North Sea - **Shell plc (SHEL)**: Operates over 50 fields and 25 platforms, supplying about 10% of the UK's oil and gas Recent gas discovery at the Selene prospect strengthens its position [6][7] - **Equinor ASA (EQNR)**: Made a major oil discovery near the Fram field, estimated at 13-28 million barrels, while focusing on sustainability and renewable energy investments [8] - **BP plc (BP)**: Strategically shifting toward new energy solutions while optimizing production through automation and digital technologies Recent oil discoveries highlight the region's potential [9] - **TotalEnergies SE (TTE)**: Pursuing low-carbon technologies, with recent gas condensate discoveries in Denmark and investments in the Tyra field, aligning with global sustainability goals [10] - **Repsol, S A (REPYY)**: Potential merger with NEO Energy could create a new powerhouse producing over 110,000 barrels of oil per day in the UK North Sea [11] Recent Developments - Shell and Equinor announced a 50-50 joint venture in December 2024 to merge their North Sea assets, expected to produce over 140,000 barrels of oil equivalent per day, enhancing operational efficiency and energy security [12] Future Trends - Companies are maximizing existing infrastructure by increasing recovery from current fields, potentially unlocking millions of additional barrels [14] - The North Sea is transitioning into a hub for future energy, combining established infrastructure, advanced technology, and sustainability commitments [16][17] Investment Potential - The North Sea offers steady growth and long-term opportunities, with companies like Shell, BP, Equinor, and TotalEnergies leading the transformation through innovation and sustainability [17][18]