Category: 3. Business

  • Hong Kong economy to retain growth momentum in 2026

    Hong Kong economy to retain growth momentum in 2026

    Hong Kong Financial Secretary Paul Chan Mo-po speaks at the Global Financial Leaders’ Investment Summit — Conversations with Global Investors in Hong Kong, Nov 5, 2025. (PHOTO / HKSAR GOVT)

    Hong Kong’s economy is expected to maintain its expansion into next year, underpinned by resilient exports, firm investment sentiment and recovering consumer demand, Financial Secretary Paul Chan Mo-po said on Sunday.

    Writing in his weekly blog, Chan said the city’s exports in 2026 will be supported by a moderately growing global economy, as most international institutions anticipate, and by a recent easing in trade tensions. Locally, improving consumer and business sentiment will sustain spending and investment.

    The Hong Kong Special Administrative Region government will seize emerging opportunities while staying vigilant to external risks, such as uncertainty surrounding the pace of US interest rate cuts and potential shifts in global trade, the finance chief said.

    The SAR’s gross domestic product has been expanding for 11 consecutive quarters on a year-on-year basis. In the third quarter of this year, the GDP grew by 3.8 percent in real terms — the strongest in more than 18 months.

    ALSO READ: HKSAR to revise GDP forecast upward as economic performance improves

    With robust performance in exports, consumption and investment, the SAR government has revised up its full-year growth forecast for 2025 to 3.2 percent from the previous range of 2 to 3 percent.

    Merchandise exports in the first three quarters surged 11.3 percent in real terms, powered by shipments to the Chinese mainland and the Association of Southeast Asian Nations, which jumped 14.6 percent and 27.1 percent in volume terms, respectively.

    Moreover, Chan noted, the continued rise in fixed investment and local consumption has provided a solid underpinning for economic growth, reinforced by sustained capital inflows, a buoyant stock market and a stabilizing property sector.

    The Hang Seng Index — the local stock market benchmark — has risen more than 30 percent so far this year. Average daily turnover in the first 10 months reached HK$258 billion ($33.17 billion) — nearly double that of last year’s full-year average. Over the same period, 81 new listings had raised around HK$216 billion — almost triple the amount a year earlier. This has placed Hong Kong as the world’s top initial public offering destination.

    ALSO READ: Economist: HK seen as global growth epicenter

    Hong Kong’s status as a financial hub continues to draw global wealth. Since 2022, more than 200 family offices have established or expanded operations in the city with the help of investment promotion agency InvestHK. By the end of last year, assets under management had exceeded HK$35 trillion, up 13 percent year-on-year. These strong factors have helped lift financial services exports by 11 percent this year, contributing over a tenth of GDP growth.

    The property market has also turned the corner amid a strong local economy and US interest-rate cuts from September, Chan said.

    Sales activities of non-residential properties have picked up from a year ago, and vacancy rates in major shopping districts have fallen since early this year although prices and rents have remained soft.

    Riding high on Hong Kong’s recovery momentum, more companies have stepped up investment in offices, some buying multiple floors or entire buildings, and overseas financial institutions increasing their leases of Grade-A space.

    READ MORE: HK to secure sustainable economic growth impetus

    Tourism has rebounded steadily, with visitor arrivals in the first 10 months climbing 12 percent year-on-year to 41 million, benefiting the catering and retail sectors.

    With the economy maintaining strong momentum and market sentiment improving, Chan said, the latest unemployment and underemployment figures to be released on Tuesday are expected to show continued stability.

     

    irisli@chinadailyhk.com

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  • Hyundai Motor Group to Invest KRW 125.2 Trillion in Korea Over Next Five Years to 2030

    Hyundai Motor Group to Invest KRW 125.2 Trillion in Korea Over Next Five Years to 2030

    SEOUL, November 16, 2025 – Hyundai Motor Group (the Group) announced today it will invest KRW 125.2 trillion in South Korea over the five-year period from 2026 to the end of 2030, representing the company’s largest-ever domestic investment commitment.

    The investment plan significantly expands on the Group’s previous commitment, exceeding the KRW 89.1 trillion investment in Korea from 2021 to 2025 by KRW 36.1 trillion. The new five-year commitment marks an annual average investment of KRW 25.04 trillion over this future period, and a more than 40 percent increase from the annual average over the past five years of KRW 17.8 trillion.

    This significant domestic investment strategy highlights the Group’s agility in actively responding to the rapidly changing global business environment, positioning the Group effectively for long-term growth. The plan aims to strengthen South Korea’s status as a global mobility innovation hub as well as stimulate broader economic growth by advancing the AI/Robotics industry and progressing the green energy ecosystem.

    The KRW 125.2 trillion investment will be allocated across three key areas:

    • •  KRW 50.5 trillion in future business investment across AI, Software Defined Vehicles (SDVs), electrification, robotics, and hydrogen
    • •  KRW 38.5 trillion in research and development to develop new products and core technologies
    • •  KRW 36.2 trillion in capital investment to optimize production facilities and construct the Group’s Global Business Center (GBC)

    A significant portion of the investment will focus on new businesses based on advanced AI technologies, such as robotics, contributing to the development of Korea’s AI/Robotics innovation ecosystem.

    The Group is also expected to play a key role in promoting balanced regional development through the establishment of EV-dedicated facilities and the upgrading of production lines at regional manufacturing facilities for new model launches, as well as the construction of a PEM electrolyzer plant in the southwestern region.

    Through this mid-to long-term investment, Hyundai Motor Group will support Korea in further strengthening its position as a key global hub for mobility production. The Group plans to diversify export destinations for vehicles produced at domestic plants and significantly expand exports by developing Korea’s EV-dedicated facilities into global export bases.

    The Group aims export 2.47 million units by 2030, up from 2.18 million units in 2024, and expand EV exports – including EVs, PHEVs, HEVs, and FCEVs – from 690,000 units to 1.76 million units over the same period.

    Focused Investment in Korea’s AI/Robotics Industry and Green Energy Ecosystem

    To drive a paradigm shift in the domestic industrial landscape, the Group’s investments will nurture the AI/Robotics industry. This will focus on building AI infrastructure and expanding advanced ecosystems, such as AI-powered robotics.

    Hyundai Motor Group recently announced its strengthened collaboration with NVIDIA and is actively enhancing its AI capabilities across in-vehicle AI, autonomous driving, smart factories, and robotics.

    To process the massive amount of data required for AI model training and operations, the Group is reviewing the establishment of a high-power AI data center. The data center is planned to feature petabyte-scale storage capacity for AI training data generated by physical AI robots and autonomous vehicles.

    The Group is also pushing forward the establishment of the ‘Hyundai Motor Group Physical AI Application Center’, which will play a central role in advancing the physical AI ecosystem. This center will verify the completeness and safety of robots trained on large-scale behavioral data through AI and is expected to serve as an innovation testbed to ensure reliability before deployment in real-world industrial settings

    Based on customer-tailored robotics technologies developed through physical AI, Hyundai Motor Group will build a robotics manufacturing and foundry facility. This will enable the Group to produce complete robotics systems in-house and offer foundry services for SMEs lacking manufacturing expertise.

    In parallel, the Group will actively support R&D in robotics components by existing automotive parts suppliers. By accelerating the entry of automotive parts suppliers into the robotics sector, these suppliers are expected to contribute to the localization of core components and the export of high-value-added products, further accelerating Korea’s industrial transformation.

    The Group is also planning investments in the development of water electrolyzers for green hydrogen production to enhance the green energy ecosystem.

    Hyundai Motor Group plans to build a 1GW PEM electrolysis plant in the southwest, capitalizing on the readily available supply of renewable energy, along with nearby hydrogen shipment centers and refueling stations.

    To accelerate Korea’s transition to a hydrogen economy, the Group will also establish facilities for manufacturing PEM electrolyzers and hydrogen fuel cell components, positioning these operations as a global export business.

    Hyundai Motor Group also plans to actively consider investments – through consultation with the Korean government and local authorities – to establish a hydrogen AI Smart City that integrates the Group’s core technologies, including AI, hydrogen energy, and V2X.

    Through expanded investment across various regions, Hyundai Motor Group aims to stimulate local economic growth and lay the foundation for the sustainable growth of Korea and its mobility industry.

    Currently, Hyundai Motor Group operates vehicle and parts manufacturing plants in all key geographical regions across Korea. Over the next five years, the company will continue to invest in production line optimization to accommodate the launch of new vehicle models.

    New plants are also under construction. Hyundai’s dedicated EV plant in Ulsan will be completed next year, and a new hydrogen fuel cell production facility is scheduled to begin operations in 2027. Kia has completed a new dedicated EV plant for PBVs in Hwaseong, Gyeonggi Province, and is preparing to commence operations.

    Hyundai Steel Company is building an LNG power plant at its Dangjin steelworks, with KRW billions also being invested in blast furnace upgrades. Hyundai Engineering Co. Ltd. is expanding nationwide infrastructure, such as EV charging stations, to address underserved areas.

    Investment Strategy and Timeline

    Hyundai Motor Group’s investment plans by sector from 2026 to 2030 include: KRW 50.5 trillion in future business investment, KRW 38.5 trillion in R&D investments, and KRW 36.2 trillion in capital investments.

     

    Future business investment will be allocated in key technological areas, such as AI-powered autonomous driving, AI-driven autonomous manufacturing, AI robotics, electrification and SDVs, and hydrogen energy to solidify the Group’s foundation for sustainable growth. Key areas of future business investment include:

    • •  AI autonomous driving
      o AI-powered autonomous driving technology enables a vehicle to perceive its surroundings using sensor data and make real-time driving decisions independently through AI
      o The Group is developing this technology through its end-to-end deep learning model, Atria AI, and is actively collaborating with 42dot and Motional to bring this vision to life
      o In parallel, the Group is focusing on the development of AI-driven autonomous manufacturing by integrating AI with robotics and digital twin technologies
      o Enable AI to independently operate and optimize production processes
    • •  Software Defined Vehicle Development
      o Recently announced ‘Pleos’ mobility software brand
      o Plans to unveil an SDV Pace Car in the second half of 2026, decoupling vehicle hardware and software
    • •  Powertrain and Lineup Diversification
      o Continue to strengthen electrification capabilities
      o Introduce Extended Range Electrified Vehicles (EREVs) with over 900 km driving range
    • •  Battery Technology Internalization
      o Strengthen investments to improve battery safety and marketability
      o Focus on internalizing design and development capabilities for various battery types
    • •  Hydrogen Energy Business Expansion
      o Enhance the development of next-generation fuel cell systems, hydrogen buses, and trucks
      o Aim to solidify global leadership in hydrogen fuel cell vehicles
      o Build a hydrogen ecosystem as well as a full end-to-end hydrogen value chain spanning production, supply, storage, and utilization with various Hyundai Motor Group affiliates

     

    R&D investment will focus on strengthening the Group’s competitiveness in the mobility industry and developing new products and core technologies to flexibly respond to global market conditions.

    • •  Develop new products and core technologies
      o Focus on the development of hybrid engines for rear-wheel drive applications
      o Pursue regional strategic models and technology strategies to meet the needs and environments of key global markets

     

    Capital investment will be directed to enhance production optimization in Korea, innovation in manufacturing technology, and the expansion of customer service hubs.

    • •  Hyundai Motor Group’s Global Business Complex (GBC)
      o Construction will begin after completing the Seoul city permit process
      o GBC will be a global innovation hub as well as a landmark for Korea and will create significant economic impact during and after construction

    Hyundai Motor Group expects the large-scale domestic investment to advance related industries, contribute to strengthening Korea’s position as a global mobility innovation hub, and further energize the national economy.


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  • Alibaba revamps Qwen chatbot as some see Silicon Valley ‘panic’ over firm’s AI progress

    Alibaba revamps Qwen chatbot as some see Silicon Valley ‘panic’ over firm’s AI progress

    Alibaba Group Holding has begun a revamp of its artificial intelligence chatbot in a move to match OpenAI’s ChatGPT, according to app store information and media reports, as some observers see “panic” in Silicon Valley over the Chinese tech giant’s rapid AI progress.

    The new chatbot app, Qwen, an upgraded and renamed version of the previous app, Tongyi, became available on Android and Apple app stores on Friday.

    Alibaba dubbed the updated app the “most powerful official AI assistant for its models” and “the primary entry point for experiencing the latest and most powerful Qwen model”, in app-store descriptions. Alibaba owns the South China Morning Post.

    The company also planned to add agentic-AI features to the app to boost shopping on platforms including the main Taobao marketplace, Bloomberg reported.

    Alibaba did not immediately reply to a request for comment.

    The tech giant, based in Hangzhou, the capital of eastern China’s Zhejiang province, has been pushing adoption and commercialisation of the Qwen series of AI models over the past two years amid the global AI frenzy kicked off by OpenAI.

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  • Does gravity cause ageing? Deepinder Goyal’s claim triggers online jokes about ‘upside-down living’

    Does gravity cause ageing? Deepinder Goyal’s claim triggers online jokes about ‘upside-down living’

    Eternal founder Deepinder Goyal has shared a series of posts on X outlining what he calls a “scientific yet unconventional” hypothesis suggesting that gravity may play a direct role in human ageing. Introducing the idea, Goyal wrote, “I’m not sharing this as the CEO of Eternal, but as a fellow human, curious enough to follow a strange thread… Newton gave us a word for it. Einstein said it bends spacetime. I am saying gravity shortens lifespan.”

    Connecting posture, blood flow and the ageing process

    In a follow-up post, Goyal expanded on his reasoning, noting that he was drawing links between three established ideas: slight reductions in brain blood flow due to upright posture, the sensitivity of hypothalamus and brainstem neurons to even small drops in circulation, and the role these regions play in regulating ageing.

    “The new part is connecting these 3 known facts,” he wrote, describing the theory as a single, testable mechanism for ageing. Goyal added that scientific scrutiny had strengthened his belief that the concept connects biology, physics and evolution.

    “Countering gravity without escaping it”

    Goyal argued that the solution is not to eliminate gravity but to mitigate its effects. “We don’t have to escape gravity to counteract the negative effects it has on us… We just have to learn how to live longer and better at one G,” he said.

    He emphasised the need to pay greater attention to Brain Flow, calling it an important but “overlooked” biomarker of ageing.

    Inversions as a possible intervention

    Pointing to early findings, Goyal highlighted the potential benefits of inversion practices. “Inversions are already popular for lymphatic fluid drainage. We found that inversions are also the most effective way to counteract the negative effects of gravity on our brains,” he wrote.

    According to Goyal, six weeks of using inversion tables for more than ten minutes a day led to a “baseline increase of seven percent” in daily average Brain Flow, which he said could “possibly nullify ten years of loss”. He noted that passive inversions produced stronger results than active ones, but added a disclaimer urging readers to seek medical advice.

    Scientists respond as Goyal calls for empirical testing

    In another post, Goyal said, “Eminent scientists from around the world have shown their support for the Gravity Aging Hypothesis. Some of them even said that it could be groundbreaking for human longevity. But that’s not enough. It’s time for empirical proof. I believe this theory deserves rigorous scientific scrutiny.”

    He noted that Continue Research is now working with researchers to test and challenge the idea, stressing that the intention is not to present gravity as the only cause of ageing but as a potentially fundamental contributor.

    Internet reacts

    The thread has surpassed four million views on X, drawing varied responses as users reacted with surprise, amusement and curiosity to the unconventional proposition.

    One user wrote, “Beating gravitational ageing by lying in bed all day,” while another echoed similar scepticism.

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  • Surgical Management of a Separated Instrument and Radicular Cyst: A Nine-Month Cone Beam Computed Tomography (CBCT) Follow-up

    Surgical Management of a Separated Instrument and Radicular Cyst: A Nine-Month Cone Beam Computed Tomography (CBCT) Follow-up

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  • Overcoming energy constraints is key to delivering on Europe’s data centre goals – Analysis

    Overcoming energy constraints is key to delivering on Europe’s data centre goals – Analysis

    When a data centre is built, it means adding a large and concentrated source of demand for power. However, while a data centre typically takes one to two years to build, much longer lead times are needed to expand electricity infrastructure. Data centres also tend to cluster close to urban areas, where the local grids are often strained.

    Today, most installed data centre capacity is concentrated in a few hubs across Europe: Frankfurt, London, Amsterdam, Paris and Dublin (often referred as FLAP-D). Copenhagen and Milan also play increasingly significant roles. In recent years, Dublin and Amsterdam have had to pause new projects, citing the lack of grid availability and the inability to integrate new large power loads. This highlights the challenge of expanding data centre capacity in the face of energy sector constraints.

    The IEA’s analysis of project announcements indicates that new data centre hubs in the region are set to emerge in coming years, including in Spain and Finland. However, most announced capacity in Europe is still planned for existing hubs, potentially increasing the pressure on grids there. At the same time, the average project size is growing significantly. For example, in the Netherlands, the average capacity of planned data centre projects is more than three times larger than the average capacity of data centres in operation today. In Spain, planned projects are seven times larger on average.

    If the project pipeline for data centres in the region is fully realised, it would represent substantial additional power loads in some cases. In large countries like Germany and France, fully implementing the project pipeline would see the installed capacity of data centres climb to represent around 4-5% of peak electricity demand today. In countries like Spain or the Netherlands, it would rise to around 10%. And in smaller electricity markets, the share of data centres in peak demand would be even larger.

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  • Venture Life Group (LON:VLG) delivers shareholders impressive 27% CAGR over 3 years, surging 10% in the last week alone

    Venture Life Group (LON:VLG) delivers shareholders impressive 27% CAGR over 3 years, surging 10% in the last week alone

    It might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes to zero. But if you buy shares in a really great company, you can more than double your money. For instance the Venture Life Group plc (LON:VLG) share price is 107% higher than it was three years ago. Most would be happy with that. And in the last week the share price has popped 10%.

    The past week has proven to be lucrative for Venture Life Group investors, so let’s see if fundamentals drove the company’s three-year performance.

    AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part – they are all under $10bn in marketcap – there is still time to get in early.

    To quote Buffett, ‘Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace…’ One way to examine how market sentiment has changed over time is to look at the interaction between a company’s share price and its earnings per share (EPS).

    Over the last three years, Venture Life Group failed to grow earnings per share, which fell 113% (annualized).

    This means it’s unlikely the market is judging the company based on earnings growth. Since the change in EPS doesn’t seem to correlate with the change in share price, it’s worth taking a look at other metrics.

    The revenue drop of 22% is as underwhelming as some politicians. The only thing that’s clear is there is low correlation between Venture Life Group’s share price and its historic fundamental data. Further research may be required!

    The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).

    AIM:VLG Earnings and Revenue Growth November 16th 2025

    We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. So we recommend checking out this free report showing consensus forecasts

    It’s nice to see that Venture Life Group shareholders have received a total shareholder return of 46% over the last year. That certainly beats the loss of about 7% per year over the last half decade. We generally put more weight on the long term performance over the short term, but the recent improvement could hint at a (positive) inflection point within the business. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Case in point: We’ve spotted 2 warning signs for Venture Life Group you should be aware of, and 1 of them makes us a bit uncomfortable.

    Venture Life Group is not the only stock insiders are buying. So take a peek at this free list of small cap companies at attractive valuations which insiders have been buying.

    Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on British exchanges.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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  • Major Snip North Discovery and Growing Asset Base Could Be a Game Changer for Seabridge Gold (TSX:SEA)

    Major Snip North Discovery and Growing Asset Base Could Be a Game Changer for Seabridge Gold (TSX:SEA)

    • Seabridge Gold announced its third-quarter 2025 financial results, reporting a net loss of C$32.27 million and confirming a new large porphyry deposit at Snip North from a 24,000-metre drill program at Iskut, while ongoing legal proceedings continue for the KSM project.

    • Despite the increased net loss, the company’s total assets grew to C$1.71 billion, reflecting active investment in advancing key mineral projects amid regulatory uncertainty.

    • We’ll explore how Seabridge Gold’s major exploration success at Snip North shapes its investment narrative during a period of heightened legal risk.

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    To be a Seabridge Gold shareholder, you need to believe in the company’s ability to create value from its ambitious exploration assets during periods of financial volatility and regulatory uncertainty. The recent confirmation of a large porphyry deposit at Snip North stands out as a potential catalyst, reinforcing the long-term project pipeline, even as the latest results showed higher net losses and persistent zero revenues. This new discovery helps offset some concerns over legal headwinds at the KSM project, though these proceedings remain the biggest short-term risk and could impact development timelines or asset values if setbacks occur. The company’s increased asset base, now at C$1.71 billion, reflects continued investment despite unprofitability. For now, Snip North’s promise brings some optimism, but financial sustainability and legal outcomes are the factors that could truly shift the story in the near term.

    Yet, despite the mining success, the uncertainty around legal proceedings is a factor investors should watch. According our valuation report, there’s an indication that Seabridge Gold’s share price might be on the expensive side.

    TSX:SEA Community Fair Values as at Nov 2025

    With two community-driven estimates ranging from C$6.03 to C$60.25, the Simply Wall St Community highlights how sharply opinions on Seabridge Gold’s fair value can differ. While optimism around new discoveries resonates, ongoing legal risk remains front and centre for those comparing broader outlooks. Explore more perspectives from the Community to see the wide range of views on where the company could head next.

    Explore 2 other fair value estimates on Seabridge Gold – why the stock might be worth as much as 81% more than the current price!

    Disagree with this assessment? Create your own narrative in under 3 minutes – extraordinary investment returns rarely come from following the herd.

    • A great starting point for your Seabridge Gold research is our analysis highlighting 4 important warning signs that could impact your investment decision.

    • Our free Seabridge Gold research report provides a comprehensive fundamental analysis summarized in a single visual – the Snowflake – making it easy to evaluate Seabridge Gold’s overall financial health at a glance.

    The market won’t wait. These fast-moving stocks are hot now. Grab the list before they run:

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include SEA.TO.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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  • Sea Limited (NYSE:SE) Valuation Insights Following Q3 Growth and Profit Miss

    Sea Limited (NYSE:SE) Valuation Insights Following Q3 Growth and Profit Miss

    Sea (NYSE:SE) delivered its third-quarter results with a sharp jump in revenue and big gains in net income, driven by strength in e-commerce and digital financial services. While profit missed expectations, broker upgrades and strong trading interest have kept sentiment resilient.

    See our latest analysis for Sea.

    Sea’s latest earnings sent the share price on a wild ride. After a sharp post-earnings dip on profit concerns, renewed analyst confidence and strong trading activity helped the stock recover some ground. Momentum has cooled since the recent high, but after delivering a 36.8% one-year total shareholder return, long-term holders are still well ahead of where they started.

    If you’re curious about where else growth and insider conviction are driving results, it’s a great moment to explore fast growing stocks with high insider ownership.

    With the stock trading at a discount to analyst price targets and strong momentum in its core businesses, investors are left to wonder if Sea is still undervalued or if the market already reflects this future growth.

    Sea’s most widely followed narrative suggests the shares are trading well below what analysts believe is a fair value, compared to the recent close. This perspective brings together bullish expectations for engagement and monetization that aim to drive robust future growth.

    Ongoing transition towards cashless economies and advancement of digital payment infrastructure (including BNPL and QR code integration) in Sea’s key markets is driving rapid expansion in Sea’s fintech loan book and transaction volumes. This is improving monetization opportunities and recurring revenues, and paving the way for net margin expansion as the business scales.

    Read the complete narrative.

    Want to decode why this valuation is catching investors’ eyes? The narrative points to surging fintech and digital revenue, with strong margin forecasts powering an aggressive long-term price target. Uncover the bold financial predictions and the assumptions behind them inside the full analysis.

    Result: Fair Value of $196.66 (UNDERVALUED)

    Have a read of the narrative in full and understand what’s behind the forecasts.

    However, intensifying competition and ongoing margin pressures could threaten Sea’s growth story and challenge the optimistic narrative that investors have been following.

    Find out about the key risks to this Sea narrative.

    Despite the fair value estimate, Sea’s price-to-earnings ratio sits at 58.8x, much higher than the global industry average of 20.3x and also above the peer average of 52.2x. The fair ratio, a target the market may eventually focus on, is just 34.1x. This large gap raises questions about valuation risk. Could investor optimism be overextended, or does the market see something others do not?

    See what the numbers say about this price — find out in our valuation breakdown.

    NYSE:SE PE Ratio as at Nov 2025

    If you have a different take or enjoy diving into the numbers yourself, it’s easy to bring your own perspective to light in just a few minutes. Do it your way.

    A good starting point is our analysis highlighting 4 key rewards investors are optimistic about regarding Sea.

    Smart investors look beyond a single stock. Make your next move confidently by targeting opportunities that match your unique goals and see what the latest trends reveal.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include SE.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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  • Investing in Basilea Pharmaceutica (VTX:BSLN) a year ago would have delivered you a 17% gain

    Investing in Basilea Pharmaceutica (VTX:BSLN) a year ago would have delivered you a 17% gain

    These days it’s easy to simply buy an index fund, and your returns should (roughly) match the market. But you can significantly boost your returns by picking above-average stocks. For example, the Basilea Pharmaceutica AG (VTX:BSLN) share price is up 17% in the last 1 year, clearly besting the market return of around 7.6% (not including dividends). If it can keep that out-performance up over the long term, investors will do very well! Zooming out, the stock is actually down 1.8% in the last three years.

    Let’s take a look at the underlying fundamentals over the longer term, and see if they’ve been consistent with shareholders returns.

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    To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it’s a weighing machine. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

    Basilea Pharmaceutica went from making a loss to reporting a profit, in the last year.

    When a company is just on the edge of profitability it can be well worth considering other metrics in order to more precisely gauge growth (and therefore understand share price movements).

    However the year on year revenue growth of 59% would help. Many businesses do go through a phase where they have to forgo some profits to drive business development, and sometimes its for the best.

    The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).

    SWX:BSLN Earnings and Revenue Growth November 16th 2025

    We know that Basilea Pharmaceutica has improved its bottom line over the last three years, but what does the future have in store? If you are thinking of buying or selling Basilea Pharmaceutica stock, you should check out this FREE detailed report on its balance sheet.

    It’s good to see that Basilea Pharmaceutica has rewarded shareholders with a total shareholder return of 17% in the last twelve months. That certainly beats the loss of about 1.1% per year over the last half decade. We generally put more weight on the long term performance over the short term, but the recent improvement could hint at a (positive) inflection point within the business. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Even so, be aware that Basilea Pharmaceutica is showing 1 warning sign in our investment analysis , you should know about…

    For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket.

    Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Swiss exchanges.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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