I have doubts about Sea's survival against the formidable might of TikTok or Bytedance. Taking action, I've exited Sea at $35 and aligned with Mercadolibre. Mercadolibre boasts a lower valuation, substantial cash reserves surpassing Sea's, and markedly higher profits—a prudent financial move. $Sea Ltd(SE)$ $MercadoLibre(MELI)$
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?
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