Light at the End of the Tunnel

pekss
2023-03-09

Hurray, $Sea Ltd(SE)$ just posted its first ever quarterly profit, as drastic cost-cutting undertaken by the gaming and e-commerce company to cope with the post-pandemic slowdown started to bear fruits. The company had expanded aggressively at the onset of the pandemic as it invested heavily to fend off competition and increase market share, often at the expense of profitability. While it had once been crowned the listed company with highest market capitalization on SGX, overtaking even the largest bank DBS in Southeast Asia, it has since fallen from grace as its share price took beatings as borders reopen and economies pivot to the new normal. Amidst calls from Wall Street to focus on profitability, SEA has exited from several unprofitable markets and made headlines when newly recruited staff were dismissed.

I'm still holding on to SEA shares I had bought at $150+ more than 2 years ago and was crazy enough not to have taken profit when its share price more than doubled during its heyday, so I'm now counting my loss.

Hopefully, Forrest Li will be able to renew sustainable growth and increase profitability for the company over time amidst rising geopolitical tensions, sticky inflation and stiffening competitions, so that the company may regain its past glory and reward long-term shareholders. Meanwhile, light seems to be beaconing at the end of the tunnel.

@MillionaireTiger @CaptainTiger @TigerWire @TigerStars @Daily_Discussion 

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Comments

  • TristaDickey
    2023-03-10
    TristaDickey
    would it an opportunity to buy it or not?
    • pekss:Β 
      I won’t add
  • MalcolmEmily
    2023-03-11
    MalcolmEmily
    The e-commerce industry is becoming increasingly crowded, and it is increasingly difficult to prove the rationality of valuation.
  • TroySwift
    2023-03-10
    TroySwift
    hope it will reward long-term shareholders like you within all those loss
  • hengsley
    2023-03-26
    hengsley
    πŸ‘
  • Rochman Eko
    2023-03-09
    Rochman Eko
    πŸ‘πŸ»
  • Roticanai
    2023-03-09
    Roticanai
    Ok
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