Why I'm Planning to Short Sea Limited (SE) After It Reports Surprise First Profit
@airui：
$Sea Ltd(SE)$, a leading internet platform provider in Southeast Asia, has reported its first quarterly profit on 7 March, and its stock has surged more than 23% to a high of 81.75. While this news may seem impressive, there are several reasons why I am planning to short Sea Limited's stock. SE day chart Why Sea Limited is Soaring After Reporting Earnings Sea Limited's stock price jumped significantly after the company reported its first-ever quarterly profit. The company's Q4 2022 results beat expectations, with revenue increasing 45% year-over-year to $4.7 billion and gross profit increasing 55% year-over-year to $1.2 billion. The company's gaming segment, Garena, was the primary driver of growth, with revenue increasing 73% year-over-year to $3.3