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$SE

BULLISH2026-01-18
Price around the call
2026-01-18
By horizon✗ miss-6.5%
1d
-1.2%
5d
+2.2%
21d
-6.5%
Original post
Fred Liu · 2026-01-18

#Southeast Asia Logistics Where there used to be dozens of players, now there's just two that matter - Shopee Express, and J&T (>60% combined market share). In a high fixed cost business, Scale > Order Density (across both Geography x Time) > Lowest Cost per Parcel = Competitive Moat. Parcel delivery cost has declined -45% over 4 years. h/t @momentumasia. $SE $1519.HK

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