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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 @MillionaireTiger

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