In today’s briefing:
- Sea Ltd (SE US) – Leaning Towards Profitability and Sustainability
Sea Ltd (SE US) – Leaning Towards Profitability and Sustainability
- Sea Ltd (SE US) results were in line but given a slow down in gaming and bearish guidance partly with India ban on FreeFire, the stock was sold off aggressively.
- Strong performance from e-commerce and digital financial services was ignored, with improving take rates in core markets and comments on impending profitability overlooked, with hardly a mention in press commentary.
- The risk for Sea Ltd (SE US) is squarely on the upside with valuations now looking attractive, trading at a discount to MercadoLibre (MELI US) despite its broader footprint.
Before it’s here, it’s on Smartkarma
