How I would trade on Sea (SE) Earnings Report (16 May 23 Pre-market)
@nerdbull1669:
Please find and follow my YT channel (nerdbull1669) for Daily SG and US Stock Watchlist. Do follow me as I share quality stock pick for Daily Watchlist. $Sea Ltd(SE)$ will be releasing their earnings report on 16 May 23 pre-market. There has been a recent good surge of 6% in their stock prices as their CEO declaring 5% raises after Singapore firm turns a profit. This send a strong signal to investors that the e-commerce and gaming business has turned the corner after years of bleeding losses. The CEO said that Sea has reached “self-sufficiency” as its cash balance is now increasing rather than shrinking every quarter, a goal it achieved months ahead of a target set last year. Sea reported its first-ever quarterly (Q4 2022) net profit in March, about