To be fair, $Sea Ltd(SE)$ is one for the future. However, as for all so called 'high growth' names, they were very popular during the era of 'easy money'. Those times are behind us now with all the inflation and the resulting quantitative tightening.
In order to succeed, they need to stop chasingtop lines at the expense of bottom line. What is the point of growing revenue at the expenseof profit if there is no benefit to ROI. I believe management realised this, hence the shift towards reducing expenses etc.
Technical wise, they gapped up on results andcould be in a third wave but in my opinion, in view of macroeconomics, it will be some time before they make substantial gains on their share price. Long term investors may be rewarded but with so many companies on discount now, unless the company turns a profit soon orshow accelerated top and bottom line growth,share price might be range bound.
Thanks for reading!
Disclaimer: 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.
- CyrilDavy·2022-11-18Strong consolidation holding support, breaks $65 and we’re gone. Sideways for a few more days, then a break to the upside. Watching3Report
- CrystalRose·2022-11-18looking good for another run higher towards $70+ 🍀 SE turn to jump again 👍🙏 focusing on profitablity.2Report
- littlesweetie·2022-11-18Holding firm but I think this is about to crack. Too much too fast, and broader tech is showing weakness.1Report
- Ericdao·2022-11-18Look good currently. Improve sentiment could give it a boost2Report
- Dollydolly·2022-11-19Cheap stonk with turbulent future trendsLikeReport
- TeoPC·2022-11-21ok1Report
- Tuckhpoon·2022-11-21👌LikeReport
- Seaside·2022-11-18Ml2Report
- ahnan1984·2022-11-18okLikeReport
- yyhwin·2022-11-18Hi1Report
- Akt·2022-11-18🔥LikeReport
- johnpang·2022-11-18NiceLikeReport
- mikeong·2022-11-18cross fingerLikeReport
- 大黑黑·2022-11-18666LikeReport
- Fenger1188·2022-11-18👍🏻👍🏻LikeReport
- IZTan·2022-11-18okLikeReport
- LLim·2022-11-18[Smile]LikeReport
- Short·2022-11-18ThanksLikeReport
- Prosperity88·2022-11-18go1Report
- RabbitNg·2022-11-18Ok1Report