SE - Better Growth Stock: Sea Limited vs. Grab Holdings
2023-09-16 07:25:00 ET
Sea Limited (NYSE: SE) and Grab (NASDAQ: GRAB) are two of the biggest tech companies in Southeast Asia. Sea owns Shopee, the largest e-commerce marketplace in Southeast Asia and Taiwan, and the video game publisher Garena. Grab, which acquired Uber Technologies ' Southeast Asian business in 2018, is the region's largest mobility and delivery services provider. Both companies integrate their own digital payment services -- SeaMoney and GrabPay -- into their mobile apps.
But over the past 12 months, Sea's stock price fell 38% while Grab's stock rose 14%. Let's see why the e-commerce and gaming leader underperformed the mobility leader -- and if it will remain the weaker investment for the foreseeable future.
The Singapore skyline. Image source: Getty Images.
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Better Growth Stock: Sea Limited vs. Grab Holdings