In today’s briefing:
- Sea Ltd (SE US): Tencent’s Selldown and Upcoming MSCI Passive Inflow
Sea Ltd (SE US): Tencent’s Selldown and Upcoming MSCI Passive Inflow
- Sea Ltd (SE US) stock was down a lot since the announcement of its Q3 results. Tencent (700 HK) selling a 2.6% stake yesterday took the stock down even further.
- Given the large drawdown and Tencent (700 HK) locking in its remaining Sea Ltd (SE US) holding for the next 6 months, the stock could rally in the short term.
- There will be passive inflow from MSCI trackers in February as a part of the tranched inclusion and then more in May due to an increase in the FIF.
Before it’s here, it’s on Smartkarma
