$Sea Ltd(SE)$ BYTEDANCE'S TikT

2023-12-11

$Sea Ltd(SE)$ BYTEDANCE'S TikTok and tech giant GoTo are merging their e-commerce businesses in Indonesia, causing pressure on other e-commerce platforms such as Sea Ltd.

Sea Ltd share price has been trading below EMAs and a recent gapped down after releasing their financial report indicating sign of weakness.

With negative news and price movements, Sea Ltd is possible of moving lower. Bearish for now.

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. ------------------- What's your target price for SE? Is it worth investing or not?

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