SE, a buy or not to buy ?

Melawati
2022-03-20

For $Sea Ltd(SE)$the price had dropped quite substantially over the past 6 months (62%). It has lost more than half of its value during the past year. Many claim SE stock is still a strong sell because the current market climate isn’t very receptive to growth stocks.

One key reason is because Tencent sold $3bn of it in early Jan.

$TENCENT(00700)$sold the shares at $208 apiece, a discount of 6.9% to the previous close. After the sale, Tencent's stake in Sea Ltd declined from 21.3% to 18.7%.

“This drop is painful, and you might be feeling frustrated, disheartened, or worried about Sea’s future, Do not fear: we are in a strong position internally, and we are clear on our next steps. This is short-term pain that we have to endure to truly maximize our long-term potential.”said Chief Executive Officer Forrest Li.

Is it a buy or not a buy ? 

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Comments

  • Tigermanic
    2022-03-20
    Tigermanic
    Yes, super attractive, $150 soon
  • setia100
    2022-03-20
    setia100
    Beauty lies in the eyes of individual 🤣🤩 Good Luck🙏
  • Maria_yy
    2022-03-20
    Maria_yy
    I will wait for SE to stabilize before considering a buy.
  • BellaFaraday
    2022-03-20
    BellaFaraday
    The current price is very attractive.
  • liverpool777
    2022-03-21
    liverpool777
    worrying. still observing if best to sell or hold further
  • 叮叮当当的小人物
    2022-03-20
    叮叮当当的小人物
    再等一阵子再说吧
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