What Value Investing with Sven Carlin, Ph.D. said in this video:
- GRABneutralGrab Holdings is not performing as well as Shopee (Sea's e-commerce arm), though it is competing in similar areas and building a financing arm. The host makes no directional call, just a relative fundamental observation.Source
- MELIbullishlong-termMercado Libre is growing, especially in Brazil, and if it keeps growing the host thinks it will likely be a good investment over time. However, he later warns that the e-commerce super app trap could hit it one day when growth stabilizes and profits disappear.Source
- SEbearishlong-termSea Limited is still growing with strong momentum, but the host expects growth to eventually stall due to competition (including TikTok) and the pattern seen with Chinese companies. When that happens, the valuation multiple should compress to a P/E of 8, implying the stock could be around 48 by 2028, roughly 50% below current levels even if earnings targets are met.Source
- CPNGbearishCoupang is fundamentally a South Korean business posing as a US tech company, which the host calls fake from the start. It has no profitable growth, negative cash flows, a growing deficit, and needs additional capital to survive, making it an even worse version of the e-commerce super app trap than Sea Limited.Source