Not to sound dramatic but if you look at the stock price it’s down 70%!
SE has built its e-commerce/digital entertainment/fintech successfully in southeast asia and some LATAM countries (big in Brazil). Now it’s competitor Mercado Libre is closing in, in terms of market cap value, even though it’s e-commerce is only operating in South America. One is either too expensive or undervalued.
Note that India banned Free Fire, Garena’s biggest game. Which took a toll on its price. Now analysts are even changing their PT and it plummeted the share price even more. The question is will SE ever go back to its former glory? It can’t be worth lower considering they’re revenue is way more than it was a year ago. They’re also on their way to profitability either eoy or next year.
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