17-05-2022, 12:18 PM
![](https://i.imgur.com/CLvY2jA.png")
One-time richest Singapore tycoon has lost 80% of his fortune
17-05-2022, 12:21 PM
Still rich he still got 20 percent of Wealth.
Is the matter how much you own that all. He can roll , invest again.
Is the matter how much you own that all. He can roll , invest again.
17-05-2022, 01:08 PM
He is staying in GCB now. More zeros doesn't matter..
![[+]](https://sgtalk.net/images/bootbb/collapse_collapsed.png)
17-05-2022, 02:01 PM
Looks like he won’t be buying English Premier club, Tottenham Hotspurs.
CHAOS & Cityhantam are 2 sick CCP mother-fcuker bastards, who support Islamic radical Simplemen, aka Imran, who has been belittling Chinese, juz because their mothers like farking Hamas dogs
17-05-2022, 02:02 PM
No. He is very sad now
17-05-2022, 02:09 PM
17-05-2022, 02:12 PM
Singapore tycoon or new citizen from China?
https://sgtalk.net/Thread-Sin-Heng-Heavy...ffer-58cts
Always fight lowball offers wherever you go, no matter what the weather, always bring your own sunshine
17-05-2022, 02:15 PM
17-05-2022, 02:16 PM
Can google his wife’s name for confirmation
https://sgtalk.net/Thread-Sin-Heng-Heavy...ffer-58cts
Always fight lowball offers wherever you go, no matter what the weather, always bring your own sunshine
17-05-2022, 02:17 PM
Don't even deserve to be given the current valuation as SEA has been loosing money from day 1 till now!
17-05-2022, 02:20 PM
Sea or Grab better? 
Both also losing money!
Both also losing money!
https://sgtalk.net/Thread-Sin-Heng-Heavy...ffer-58cts
Always fight lowball offers wherever you go, no matter what the weather, always bring your own sunshine
17-05-2022, 02:49 PM
Left 20% of his wealth still many many times richer and higher life than many people...
17-05-2022, 04:13 PM
New citizen made good from rags to riches. Wish him all the best. Unlike those tiongkok fat cats that come here to stash their wealth and price ordinary folks out of owning their own homes he actually sarpots dis country and iz even a more generous donor to local causes unlike ur homegrown tycoons eg. money guzzler Peter Lim.
17-05-2022, 04:25 PM
(17-05-2022, 04:13 PM)luncheonmeat Wrote: New citizen made good from rags to riches. Wish him all the best. Unlike those tiongkok fat cats that come here to stash their wealth and price ordinary folks out of owning their own homes he actually sarpots dis country and iz even a more generous donor to local causes unlike ur homegrown tycoons eg. money guzzler Peter Lim.
Surprise Peter Lim daughter wedding still make it a " Big ho ah " last year. What I know his wealth also decrease unlike last time.
17-05-2022, 04:25 PM
Boy he does look a bit angry.
But Sea's Shoppee should close down and keep the Garena gaming unit.
Why?
Their e-commerce are burns hundreds of millions every year to fight Lazada while gaming arm is profitable. Yes it artificially can generate revenue growth with Shoppee but at the end the battle with Lazada will drop its cash and destroy value.
Tencent already said it will sell SEA stock ...and will not be God father to keep pumping cash into the losing business.
The way I see Shoppee will not be able to survive attrition war with Lazada whose war chest is more than 10x cash of SEA and growing at a rapid rate.
Alibaba will never let go and market as Lazada is its major growth path.
Beware the investment course peddler on the right he promoted Sea Ltd from 200+ down to where is now 70% lower
by claiming it is a super stock to his students.
But his analysis has been incorrect....and SEA will prove to be super trap....don't touch it.
![[Image: OBP0LT0.jpg]](https://i.imgur.com/OBP0LT0.jpg)
But Sea's Shoppee should close down and keep the Garena gaming unit.
Why?
Their e-commerce are burns hundreds of millions every year to fight Lazada while gaming arm is profitable. Yes it artificially can generate revenue growth with Shoppee but at the end the battle with Lazada will drop its cash and destroy value.
Tencent already said it will sell SEA stock ...and will not be God father to keep pumping cash into the losing business.
The way I see Shoppee will not be able to survive attrition war with Lazada whose war chest is more than 10x cash of SEA and growing at a rapid rate.
Alibaba will never let go and market as Lazada is its major growth path.
Beware the investment course peddler on the right he promoted Sea Ltd from 200+ down to where is now 70% lower
by claiming it is a super stock to his students.
But his analysis has been incorrect....and SEA will prove to be super trap....don't touch it.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
17-05-2022, 04:54 PM
Sea lost $1.5B last year. Its revenue increased.
If they lose money to gain market share and they are dominant player it can bulldoze its way.
But it is competing against Lazada in a brutal attrition war in which Lazada has a bigger cash pile.
The bigger revenue it tries to grow and maintain the bigger its losses.
The best thing to do is what Uber did in Singapore cede the narket to the competitor instead of destroying shareholder value.
![[Image: FMYLwcH.jpg]](https://i.imgur.com/FMYLwcH.jpg)
If they lose money to gain market share and they are dominant player it can bulldoze its way.
But it is competing against Lazada in a brutal attrition war in which Lazada has a bigger cash pile.
The bigger revenue it tries to grow and maintain the bigger its losses.
The best thing to do is what Uber did in Singapore cede the narket to the competitor instead of destroying shareholder value.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
17-05-2022, 06:37 PM
Paper loss nia considered lost meh ?!! He should thanks US’s printing machine tio BOH ?!!!
17-05-2022, 08:20 PM
Just earn less lah.still profit.still buy more property drive big car and private party
17-05-2022, 08:45 PM
Pray hard he never pledge all his shares at high price to banks as collateral for personal loan. That's as good as escape to get all the cash and just give up the shares. The bank's will carry the dead babies while he enjoy his billions...
17-05-2022, 09:54 PM
Given his tough life to riches... may able to find his way out of forest
There is no right or wrong decisions.
One only has to bear the consequences that one makes
17-05-2022, 11:23 PM
After losing 80% he is still a billionaire, not downgraded to millionaire, that shows how rich he was and still is.
18-05-2022, 12:05 AM
Was overvalued, merely reflecting current cn property situation.
Few of his competitors who over leverage are worse.
Few of his competitors who over leverage are worse.
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