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@Omega88:$Sea Ltd(SE)$ One of Tuesday's biggest premarket movers hails from Singapore. The stock popped after Sea posted a surprise quarterly profit of $422.8 million, on revenue of $3.5 billion . Sea stock surged during the pandemic . At its peak in October 2021, the company was worth more than $200 billion. But like many U.S. tech stocks, the shares fell as interest rates rose in 2022. Sea's shares have steadied since November, when results suggested it had pivoted from burning cash to secure market share to focusing on turning a profit. Sea was worth about $37 billion as of Monday's close. However, I feel that the valuation is still high and it is still unclear if the company can remain profitable in the next quarter. @Daily_Discussion @CaptainTiger @TigerStars @MillionaireTiger
$Sea Ltd(SE)$ One of Tuesday's biggest premarket movers hails from Singapore. The stock popped after Sea posted a surprise quarterly profit of $422.8 million, on revenue of $3.5 billion . Sea stock surged during the pandemic . At its peak in October 2021, the company was worth more than $200 billion. But like many U.S. tech stocks, the shares fell as interest rates rose in 2022. Sea's shares have steadied since November, when results suggested it had pivoted from burning cash to secure market share to focusing on turning a profit. Sea was worth about $37 billion as of Monday's close. However, I feel that the valuation is still high and it is still unclear if the company can remain profitable in the next quarter. @Daily_Discussion @CaptainTiger @TigerStars @MillionaireTigerDisclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.