In today’s briefing:
- Sea Ltd: Something to Think About if You Are Starting to Lean Towards the Bullish Side
Sea Ltd: Something to Think About if You Are Starting to Lean Towards the Bullish Side
- Sea Ltd (SE US)’s outperformance ended abruptly yesterday following the 4Q21 earnings release with the share price giving away 2/3rd of the gains made during the last five days.
- The company’s share price rallied around 30% in the last week of February, alongside rallying markets following a steep correction leading up to the Ukraine crisis.
- With the fundamentals continuing to deteriorate and interest rates expected to continue trending upwards, we expect Sea to continue its downtrend until its valuation multiples reach the pre-pandemic low level.
Before it’s here, it’s on Smartkarma
