Sign in

    Usjima Pang Vittayaamnuaykoon • Goldman Sachs

    Usjima Pang Vittayaamnuaykoon's questions to Sea Ltd (SE) leadership

    Usjima Pang Vittayaamnuaykoon's questions to Sea Ltd (SE) leadership • Q2 2025

    Question

    Usjima Pang Vittayaamnuaykoon inquired about Shopee's strong first-half GMV growth, asking if Sea Limited would raise its full-year guidance, and questioned the current competitive landscape in Brazil following a competitor's reduction of its free shipping threshold.

    Answer

    Group CFO Tony Hou confirmed that Q3 growth momentum is expected to be similar to the first half, implying that full-year growth will surpass initial guidance. Regarding Brazil, he stated that competitor actions have not had an observable impact on Shopee's growth, attributing this resilience to a superior cost structure, competitive pricing, and expansion into higher-value product categories.

    Ask Fintool Equity Research AI

    Usjima Pang Vittayaamnuaykoon's questions to Grab Holdings Ltd (GRAB) leadership

    Usjima Pang Vittayaamnuaykoon's questions to Grab Holdings Ltd (GRAB) leadership • Q2 2025

    Question

    Usjima Pang Vittayaamnuaykoon inquired about Grab's outlook amidst macroeconomic uncertainty in key markets and the strategies driving the significant outperformance of Mobility transaction growth relative to user growth.

    Answer

    CEO Anthony Tan explained that Grab's focus on affordability makes it a countercyclical business, highlighting government partnerships in Indonesia and Thailand as examples of navigating uncertainty. COO Alex Hungate added that the company deliberately reinvested scale economies into accessibility, which drove a 23% year-over-year increase in Mobility transactions. He noted this flywheel strategy attracts new users and benefits the entire ecosystem with minimal impact on profitability, with Mobility margins at 8.7%, nearing the 9%+ target.

    Ask Fintool Equity Research AI