But did you know its parent company just overtook Southeast Asia’s biggest bank?
Shares of Sea Limited (NYSE: SE) have quietly surged past DBS Group (SGX: D05) to become Singapore’s most valuable company by market cap.
The numbers tell the story: on Tuesday, Sea Limited was valued at S$143 billion, just above DBS at under S$142 billion.
That’s a lead of roughly S$1 billion.
It’s a remarkable shift that says as much about where investors are placing their bets as it does about these two very different companies.
When Investors Choose Dreams Over Dividends
Why did Sea Limited’s share price rocket past a rock-solid bank like DBS?
It is because the market cap isn’t just about today’s profits.
Instead, it is about tomorrow’s potential.
Investors buying Sea Limited aren’t just buying the current business.
They’re buying into Southeast Asia’s digital transformation story.
And that story comes with a premium price tag….
