Core Insights - Sea Limited is rated as a "Strong Buy" by Wall Street analysts, with a projected upside of nearly 80% for investors [1] - The company operates a diversified digital platform encompassing gaming, e-commerce, and digital payments, which has attracted significant financial interest [1] Financial Performance - Sea Limited's revenue surged from $4.3 billion to $16.8 billion in 2024, with projections of $22.3 billion for 2025, representing a 32% year-over-year increase, and expected to reach $27 billion in 2026 [3] - In Q3, total revenue reached $6 billion, marking a 38.3% increase year-over-year, driven by strong performance across all business segments [4] Profitability Metrics - Adjusted EBITDA rose to $874 million, reflecting a 68% increase, while net income increased to $375 million compared to $153.3 million in the same quarter last year [5] E-Commerce Segment: Shopee - Shopee, the e-commerce platform, experienced a 15% increase in average monthly active buyers and a 12% rise in purchase frequency [6] - Gross merchandise value (GMV) increased by 28% year-over-year in Q3 to $32.2 billion, with marketplace revenues climbing 37% year-on-year and advertising revenue surging over 70% [6] - The Shopee VIP program expanded to 3.5 million members, with VIP users showing significantly higher spending and engagement [6]

Core Viewpoint - Yunqi Capital Ltd has completely exited its position in Futu Holdings Limited, selling 130,000 shares for a net position change of approximately $16.07 million as of September 30, 2025 [1][2][6] Company Overview - Futu Holdings Limited is a leading digital financial services platform with a strong presence in Hong Kong and expanding internationally [6][8] - As of November 20, 2025, Futu's market capitalization is $21.41 billion, with trailing twelve months (TTM) revenue of $2.68 billion and net income of $1.26 billion [4][6] - The company's forward price-to-earnings ratio is 15.3 [7] Financial Performance - Futu Holdings' shares closed at $153.79 on November 20, 2025, reflecting a 76.79% increase over the past year, significantly outperforming the S&P 500 by 70.95 percentage points [7] - The company reported a year-over-year increase in total client assets by 78.9% and a third-quarter revenue jump of 86.3% [12] - Net income surged by 143.9% to $413 million in the same period [12] Investment Strategy - Yunqi Capital's sale of Futu Holdings represented approximately 9.4% of its 13F reportable assets under management (AUM), with the position previously accounting for about 11.5% of AUM [6][7] - Following the sale, Futu Holdings now represents 0% of Yunqi Capital's reportable assets under management [7] Business Model - Futu Holdings operates a tech-driven online brokerage and wealth management platform, targeting both retail and institutional investors [8][10] - The company generates revenue primarily from brokerage commissions, margin lending, and distribution fees from wealth management products [8][15]

According to The Korea Times, South Korean internet giant Naver will formally confirm its plan to acquire Upbit’s parent company Dunamu at next week’s board meeting. Dunamu will also hold a board meeting on November 26 to finalize the details. Naver plans to use its fintech subsidiary, Naver Financial, for a full equity swap to acquire Dunamu, and after the integration, jointly launch a KRW stablecoin project and various digital financial services.https://t.co/JrZZxuDg52 ...

Core Insights - Remitly Global, Inc. will host its first Investor Day since its IPO on December 9, 2025, at 10:00 am ET in New York City [1] - The event will include a live webcast, presentation, and on-demand replay available after the event [1] Company Overview - Remitly is a provider of digital financial services operating in over 170 countries, focusing on cross-border payments [2] - The company aims to enhance customer experience with fast, reliable, and transparent money movement [2] - Remitly is expanding its product offerings to further its vision of transforming lives globally [2]

Core Insights - Sea Limited plans to announce its third quarter 2025 results on November 11, 2025, before the U.S. market opens [1] - The company will host a conference call to discuss these results, with a live webcast available on its website [1] Company Overview - Sea Limited, founded in Singapore in 2009, is a leading global consumer internet company [2] - The company operates three core businesses: Garena (digital entertainment), Shopee (e-commerce), and Monee (digital financial services) [2] - Garena is recognized as a leading global online games developer and publisher [2] - Shopee is the largest pan-regional e-commerce platform in Southeast Asia and Taiwan, with a significant presence in Latin America [2] - Monee is a prominent digital financial services provider in Southeast Asia, expanding its footprint in Brazil [2]

Core Insights - Amazon's recent earnings report highlights the unpredictability of market reactions, even when a company exceeds earnings and revenue expectations, as seen with its stock dip due to forward guidance concerns [1] Group 1: Applied Materials - Applied Materials is a crucial player in domestic chip manufacturing, providing essential technologies for chip production, including DRAM and NAND memory, with a current stock price of $185.53 and a 12-month price forecast of $204.09, indicating a 10% upside potential [4][6] - The chip foundry market is expected to grow rapidly, which will sustain high demand for Applied Materials' products, and the company has formed partnerships with Apple and Texas Instruments to supply American-made manufacturing equipment, positioning it favorably in the regulatory landscape [5] - Analysts expect Applied Materials' earnings to grow by 7.4% this year, with 17 out of 25 analysts rating the stock as a Buy, suggesting more than 10% near-term upside potential based on price targets [6] Group 2: Amcor - Amcor is anticipated to see a boost in its earnings report due to its all-stock combination with Berry Global, valued at over $8 billion, completed by the end of April 2025 [8][9] - The acquisition is expected to provide 12% EPS accretion in fiscal 2026 and at least 35% by the end of fiscal 2028, which could excite investors if early signs of success are evident [9] - Eight out of ten analysts view Amcor shares as a Buy, with a 12-month price forecast of $11.51, indicating a 19.75% upside potential [10] Group 3: Sea Ltd. - Sea Ltd. has made significant strides in the digital financial services sector, which is expected to bolster its dominance in Southeast Asia, with a current stock price of $146.38 and a 12-month price forecast of $159.82, suggesting a 9.18% upside [11] - Despite a 2.5% rise in short interest, analysts remain optimistic, with ten out of thirteen rating the stock as a Buy, and a consensus price target indicating room for growth [12] - Analysts predict Sea's earnings could quadruple in the coming year to $2.96 per share, which is a significant point of interest for investors [13] Group 4: Qifu Technology - Qifu Technology, through its credit-tech platform 360 Jietiao, is gaining attention in the Chinese market, with a current stock price of $32.46 and a 12-month price forecast of $51.73, indicating a 59.38% upside potential [14][15] - The company has seen recent earnings successes and formed significant partnerships with municipal banks in China, which are expected to drive interest and growth [16] - Analysts expect Qifu's earnings to grow by nearly 12% in the coming year, with all three analysts rating the stock as a Buy [16]

Core Acquisition Overview - Euronet has entered into a definitive agreement to acquire CoreCard Corporation in a stock-for-stock merger valued at approximately $248 million, or $30 per share of CoreCard common stock [1][6] - The acquisition aims to accelerate Euronet's digital transformation strategy, expand its U.S. footprint, and enhance CoreCard's access to global markets [1][2] Strategic Goals - This transaction is a pivotal step in Euronet's strategy to diversify its revenue mix, focusing on scalable, modern platforms for the next generation of digital financial services [2] - The acquisition is expected to be accretive in the first full year post-close, positioning Euronet as a leading modern card issuer and innovation partner [5] CoreCard's Value Proposition - CoreCard's platform is recognized for its reliability and has been instrumental in launching successful co-branded credit card offerings, notably with Goldman Sachs [3] - The modern architecture of CoreCard enables faster deployment and easier integrations, which are essential for banks and fintechs looking to enhance customer experiences [4] Transaction Details - The merger agreement stipulates an exchange ratio for CoreCard shares based on Euronet's stock price, with a floor of $95.48 and a ceiling of $107.80 per share [7][8] - The transaction has been approved by the boards of directors of both companies and is expected to close in late 2025, pending shareholder approval and customary closing conditions [6] Company Backgrounds - Euronet is a global leader in payments processing and cross-border transactions, offering services in over 200 countries [11] - CoreCard provides a modern card issuing platform designed for the future of global transactions, focusing on technological innovation in the payments industry [10]