$Sea Ltd(SE)$ +235% YTD Growth, Yet Still -70% From All-Time High
The app from SE and $Grab Holdings(GRAB)$ dominate mobile app penetration in Southeast Asia, with some of the highest ratios of mobile phone and credit card users to the population in Asia. SE's Shopee is comparable to $Amazon.com(AMZN)$ and plays a significant role in why Amazon has struggled to gain a strong foothold in the region.
Currently at RS 98, under the strongest 1-Month $Consumer Discretionary Select Sector SPDR Fund(XLY)$ sector, SE is just 3.4x ATR% above the 50-MA, despite being near its YTD high. Price action has been flat for three weeks, showing higher lows price consolidation following an immediate pullback from the post-earnings gap-up. It is now forming a bullish ascending triangle range beneath $119.
Next quarter's earnings estimates show a +431% YoY EPS growth and +27% YoY sales growth.
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