$Sea Ltd(SE)$ lol this is like the 5th time news has come out last few weeks about TikTok reentering Indonesia and stock gets smashed each time. Happening again. Interesting to see if govt tries to stop purchase of Tokopedia since TikTok is doing it to skirt the Indonesian ecommerce rules. Even if they dont, i dont think this is going to meaningfully impact SE especially at this valuation. Long
Target price for SE after TikTok returns to Indonesia?
TikTok has pledged to invest $1.5 billion in a subsidiary under Indonesia's GoTo Group to revive shopping app services in Indonesia. SE dropped 12% during trading hours.
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What's your target price for SE?
Is it worth investing or not?
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