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Sea Shares Surged 11% as Sales Beat Estimate

Tiger Newspress2022-11-15

Sea shares surged 11% as sales beat estimate. Sea Q3 EPS $(0.66) beats $(1.09) estimate, sales $3.20b beat $3.00b estimate.

E-commerce revenue grew 32.4% Y/Y to $1.98B. Gross orders totaled 2.B, an increase of 21.4% Y/Y.

"Given rising macro uncertainties, and with reopening trends having an ongoing effect on the business, we are revising the guidance for digital entertainment. We now expect bookings for the full year of 2022 to be between US$2.6 billion and US$2.8 billion, as compared to the previous guidance of between US$2.9 billion to US$3.1 billion."

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Comment13

  • Pangabui
    ·2022-11-16
    [Miser] 
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  • HolaV
    ·2022-11-16
    Go SEA!!
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  • CYKuan
    ·2022-11-16
    Reply
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  • Cedric77
    ·2022-11-15
    SEA slimed down on their manpower and spending and their share price up 30% today. IMHO - Probably their price will be corrected next coming mths and most likely hover in the range $40-$50. Sea is not projected to be profitable  in 2023, and right now the stock market is not in favor of money losing growth businesses. So do remain cautious, and if you unable resist to buy now or FOMO then DCA will be a safer option.
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  • KLLee
    ·2022-11-15
    Jia you!
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    • tungngie
      yayy. jia you.
      2022-11-16
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  • grouperking
    ·2022-11-15
    Ok
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  • Jackyjw
    ·2022-11-15
    Ok
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  • RollingPolli
    ·2022-11-15
    👍🏼
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  • MLFL
    ·2022-11-15
    Best 
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    • Jackyjw
      Yes
      2022-11-15
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  • SirBahamut
    ·2022-11-15
    Woah Forrest Li paid off!
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    • MengKeng
      still a long way to go before they go back to their highest share price
      2022-11-15
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  • Funboy
    ·2022-11-15
    Let me check...
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  • LuckyPiggie
    ·2022-11-15
    Waaaa  gonna fly to Jurong already [Cool] 
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  • BenjiFuji
    ·2022-11-15
    Good job executing 
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