This article was developed in collaboration with CSOP Asset Management Pte. Ltd. The perspectives and opinions shared here are the unbiased and professional analyses of Beansprout.
Back in December 2021, Grab made headlines when it debuted on the NASDAQ through a SPAC merger. Initially, this stirred quite a buzz and excitement, but soon after, investor worries about profitability caused the stock prices to take a dip. As the years went by, the company dove into expanding its ecosystem across Southeast Asia, which resulted in accumulating losses.
Sea Limited, meanwhile, was navigating its own set of challenges. By 2022, the company was feeling the squeeze from rising competition and regulatory demands. In an attempt to tighten its belt, Sea decided to halt operations of Shopee in both India and France.
Despite these hurdles, both firms staged an impressive comeback by 2024. Grab’s stock had jumped to a 61.13% year-to-date (YTD) return by December 10, 2024, while Sea Ltd soared even higher, boasting a staggering 176.67% YTD return.
