Moonlight23
2023-11-13

$Sea Ltd(SE)$ Bullish on this. Company has seen consecutive reports inching the company towards profitability, however, it has also seen a beating at every one of them as investors pummelled it into the earth, mostly because these reports had missed it's estimates. Yet, it doesn't change the fact that this company is moving towards profitability.

However, one must be aware that this decrease in losses is lesser due to growth in revenue, and more to do with a $Sea Ltd(SE)$ tightening it's belt and reducing it's cost. Without organic growth, it is going to be harder and harder down the line to sustain it's march towards profitability. 

A yearly significant event for $Sea Ltd(SE)$ would be the Single's day sale held on 11 Nov, whereby e-commerce companies hold a sale of what is said to be the "lowest prices of the year". However, initial reports this year has seen lacklustre consumer spending this year, as consumers get more weary of the rising cost of living, and cut down on discretionary spending. Instead, consumers seem to be using this year's sale as a platform to stock up on necessities, which might spell trouble for the months ahead. It this remains to be seen if $Sea Ltd(SE)$ can navigate through the unchartered waters of a high interest rate, yet slowing economy that we might be going into for 2024.

Is Sea still worth investing or not?
Sea plunged more than 20% after disclosing a surprising net loss in its Q3 results. But it rebounded 7% yesterday. Some investors think that Sea is repeating the trend of last earnings. ----------------------- How do you view the roller coaster ride of Sea? Is Sea still worth investing in? Are you a bagholder or not?
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