In today’s briefing:
- Sea Ltd (SE US) – Navigating Challenging Waters With Sails Set
Sea Ltd (SE US) – Navigating Challenging Waters With Sails Set
- There has been a recent press commentary about Sea Ltd laying off staff, which although unpleasant reflects management’s decisive and pragmatic decision-making style which is no bad thing.
- It is unclear how many staff are being laid off and where but it seems that Indonesia is not impacted in a big way and core markets continue to perform.
- We will not follow on the coattails of liquidity with a negative recommendation when what management is doing looks positive and Sea Ltd (SE US) is batting above its peers.
Before it’s here, it’s on Smartkarma
