Latest news with #SPXExpress
Economic Times
11-08-2025
- Business
- Economic Times
Hyperlocal deliveries fuel 300% stock rise for Shopee owner
Owned by Singapore-based Sea Ltd., Shopee has pulled off one of the more improbable corporate comebacks in recent memory, sending its stock soaring more than 300% since the start of 2024. Shopee, owned by Sea Ltd., has experienced a remarkable resurgence in Southeast Asia's e-commerce market, with its stock soaring. This comeback is largely attributed to SPX Express, Shopee's in-house logistics network powered by local community members. By investing heavily in its own delivery infrastructure, Shopee has successfully navigated the region's logistical challenges, driving growth and investor confidence. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads In the battle royale of global e-commerce, the names are familiar and formidable: Amazon. TikTok Shop. Shein. Temu. But in Southeast Asia, home to 675 million people and a $160 billion online shopping market, the reigning monarch is an app the color of a traffic called Shopee. And it's by Singapore-based Sea Ltd ., Shopee has pulled off one of the more improbable corporate comebacks in recent memory, sending its stock soaring more than 300% since the start of 2024. A key secret weapon is a little known logistics operation powered by an army of homemakers, students and retirees. And the help of some very large Ikea operation is SPX Express , a homegrown in-house delivery network that Sea spent years building in the shadows. While rivals like Inc. plastered ads across the city for Black Friday and TikTok Shop flooded feeds with flash sales, Shopee was busy rewiring the infrastructure of Southeast Asian commerce one community at a a familiar sight in Singapore. The retired "uncle" in flip-flops, slinging parcels across a housing block in an ever-practical blue Ikea bag. Or an entrepreneurial homemaker busily sorting a makeshift Shopee kiosk beside the elevator. They're the human backbone of SPX Express, which now handles the majority of Shopee's several billion parcels Wall Street has noticed. Shopee's success has helped Sea inch toward a $100 billion market cap, on the heels of Singaporean banking giant DBS, the region's most valuable company. The stock, listed on the New York Stock Exchange, has soared 324% since hitting a low in January last year. Of the 41 analysts tracked by Bloomberg who rate Sea, 33 of them have a "buy" recommendation on the stock."Sea's significant recovery was largely driven by growth in its e-commerce business, which was executed really well during the post-Covid period," said Hussaini Saifee, an equity research analyst at Maybank Securities, who rates the stock a "buy."In 2021, Shopee was facing a conundrum: demand was exploding-especially during the Covid pandemic-but its delivery pipeline was buckling under the pressure. Until then, Shopee had relied mostly on third-party carriers like J&T Global Express and Singapore Post to navigate the logistical complexity of Southeast Asia: thousands of islands, alleys too narrow for vans, dirt roads more familiar to scooters than changed almost overnight. As online orders more than doubled in 2021, Sea bet big on building its own logistics a 2022 Sea earnings call, Chief Executive Officer Forrest Li pledged to build up its logistics business, spending nearly $1 billion that year alone. Lowering the cost of delivering parcels will be "key to long-term growth," he was a big risk during a difficult period. Sea had just lost almost 90% of its value from its 2021 peak. Investors were disillusioned about its money-making potential in a global tech rout, scrutinising Sea's growth prospects after shoppers emerging from pandemic lockdowns started cutting back on online gaming and e-commerce giant had cut about 7,000 jobs to try assuage some of these concerns. It also shuttered its e-commerce operations in some European and Latin American markets and said it would reduce expenses to cope.
Bloomberg
10-08-2025
- Business
- Bloomberg
Hyperlocal Deliveries Fuel 300% Stock Rise for Shopee Owner Sea
SPX Express' edge is in its intimacy. It's the fact that your parcel might be delivered by your retired neighbor, or the kid next door looking to earn pocket money.
Straits Times
13-06-2025
- Straits Times
Shopee user buys $127 camera but receives Pikachu toy instead, seller's account frozen
A woman purchased a security camera on Shopee, but ended up receiving a plush toy instead. Stomper Serene ordered an Aqara G3 Smart Camera on Shopee for $127.62 and was shocked when she opened her parcel to see a palm-sized Pikachu plush toy. The parcel was delivered to her home on June 5 by SPX Express. She told Stomp that she was already suspicious the moment she picked up the parcel: "It felt way too light for something like a smart camera, which should come with proper packaging and weight. That immediately raised red flags for me." She decided to record the unboxing and weigh the parcel just in case there was an issue with the product, and her suspicions turned out to be true. "The parcel only came up to 153g, which is far too light for a proper smart camera with packaging," Serene recounted. She theorised that the item may have been swapped or tampered with before reaching her home: "The label on the box had my name and address, but the contents were completely wrong. I feel scammed and frustrated." Serene contacted Shopee for a refund, which was granted in under 24 hours. Stomp understands that the seller's account has been frozen for further investigation. Still, Serene has lingering questions. She added: "There was no explanation regarding what exactly went wrong. There was no clarification on whether it was due to a seller issue, tampering, or an error during delivery." The Stomper urged everyone to be wary when shopping online and receiving items from delivery services. "I'm glad I captured everything on video, and I strongly encourage others to do the same when receiving expensive or high-value items. "I want the public to be aware that these kinds of incidents can happen. We must all stay vigilant when receiving parcels." Click here to contribute a story or submit it to our WhatsApp Get more of Stomp's latest updates by following us on:
Yahoo
13-05-2025
- Business
- Yahoo
Sea Limited Gears Up to Report Q1 Earnings: What's in the Offing?
Sea Limited SE is set to report first-quarter 2025 results on May Zacks Consensus Estimate for SE's first-quarter earnings is pegged at 93 cents per share, unchanged over the past 30 days. Sea Limited reported earnings of 21 cents per share in the year-ago Zacks Consensus Estimate for revenues is pegged at $4.91 billion, suggesting year-over-year growth of 29.7%.Sea Limited's earnings missed the Zacks Consensus Estimate in the trailing four quarters, delivering an average negative surprise of 22.65%. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Sea Limited Sponsored ADR price-eps-surprise | Sea Limited Sponsored ADR Quote Let us see how things have shaped up for the upcoming announcement. Sea Limited's first-quarter 2025 results are expected to have benefited from the continued expansion of its digital financial services, particularly in consumer and SME lending across Southeast Asia and Brazil. The credit segment, which remains the key revenue driver, recorded a more than 60% year-over-year loan book surge in the fourth quarter of 2024. With ongoing improvements in credit penetration, this segment is well-positioned to have driven robust revenue expansion in the a global leader in online gaming. Its Free Fire franchise is expected to have delivered a strong performance in the first quarter of 2025, driven by the high-profile NARUTO SHIPPUDEN collaboration launched in January. This partnership brought new content and excitement to the game, driving robust user engagement. The success of this launch is expected to have supported Garena's growth trajectory and enhanced revenue performance in the quarter under company's end-to-end logistics integration, particularly via SPX Express, is expected to have contributed positively to the first-quarter 2025 performance. SPX Express continued to raise service standards, with faster and more reliable deliveries across Southeast Asia. Nearly 50% of SPX Express parcels in Asia are delivered within two days, indicating year-over-year gains, and are likely to have improved customer experience and platform seasonal softness in the e-commerce sector during the early part of the year is expected to have posed headwinds for Shopee's growth momentum in the first quarter of addition, the competitive landscape in e-commerce has been highly competitive, potentially pressuring take rates and requiring ongoing investment in service quality. According to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the exact case Limited has an Earnings ESP of -4.84% and a Zacks Rank #3 (Hold). You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:Workday WDAY currently has an Earnings ESP of +2.24% and a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks is set to report first-quarter fiscal 2026 results on May 22. The Zacks Consensus Estimate for first-quarter earnings is pegged at $1.99 per share. The consensus estimate indicates year-over-year growth of 14.37%.CyberArk Software CYBR has an Earnings ESP of +3.90% and a Zacks Rank #3 at is set to report first-quarter 2025 results on May 13. The Zacks Consensus Estimate for first-quarter 2025 earnings is pegged at 79 cents per share. The consensus estimate indicates a year-over-year increase of 5.33%.Applied Materials AMAT currently has an Earnings ESP of +1.94% and a Zacks Rank # is scheduled to release first-quarter 2025 results on May 15. The Zacks Consensus Estimate for first-quarter 2025 earnings is pegged at $2.31 per share. The consensus estimate indicates a year-over-year rise of 10.53%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sea Limited Sponsored ADR (SE) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report Workday, Inc. (WDAY) : Free Stock Analysis Report CyberArk Software Ltd. (CYBR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
