PaladinSir
2023-12-11

$Sea Ltd(SE)$ TikTok spends 800 plus million to buy 75% stake in Tokopedia, so Tokopedia only worth 1.1B? Tokopedia is still operating cash flow negative, it probably running out cash soon to need that 1.5B injection from Tik Tok. Shopee is operating cash flow positive, with 3.2B in cash, so see if it can maintain market share while still being operating cash flow positive.

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  • Lionel8383
    ·2023-12-14
    But Sea is free cash flow negative, and has no economic moat. Hence its future cash flows are hard to predict.
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  • Cogaimuahe
    ·2023-12-11
    Agree, I suspect the reliability of the news as well. Perhaps it’s time to leverage down
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  • PaladinSir
    ·2023-12-11
    Just to add, SE also has 2.8B of short term investments, likely bonds like Treasury bonds etc
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