I think Sea has finished its bottoming and is on its way up.
Good sentiment from analysts and the markets and price action is very promising.
Fundamentally, firing well on all fronts too.
Gaming is strong and generating strong cash flow subsidising the other businesses.
Ecommerce is really strong and turning around. Shopee is the big dog in the SEA markets and especially so in high value Singapore. Lazada is a distant second.
Financial services is improving by leaps and bounds. Maribank is really solid and coming up with very attractive features to gain deposits as well as get users to transact with their platform (credit card, shopeepay, Mari Invest).
Good results from management so far!
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With Shopee dominating in SEA and Maribank making strides, Sea's management has delivered strong results. Holding a positive outlook!
Strong gaming revenue and turnaround in eCommerce with Shopee leading the charge—Sea's fundamentals look solid! 🎮