SINGAPORE/JAKARTA -- The stock prices of Southeast Asian tech stars have diverged greatly this year as investors flock to companies that have cut costs and shun those with costly growth plans.
Nasdaq-listed Grab Holdings' shares have been boosted by quarterly results that suggest they are on their way to becoming profitable. But New York-listed Sea's shares recorded their biggest single-day plunge after the e-commerce giant said it had plans to "ramp up" investments that could result in losses.
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