- Digital Entertainment (DE)– Gaming business, Garena Free Fire is the big cash cow
What an absolute bloodbath in tech stocks!
From it’s October 2021 high of $366, literally just 3 months ago – Shopee (Sea Ltd) has plunged 58%.
And it’s not just Shopee though, almost all the high flying tech stocks have been crushed the past 3 months.
A lot of short-term indicators I track are indicating we are very close to a local bottom here.
As long as these support levels hold, we could see a pretty big bounce in risk assets short term (followed by a broader decline as 2022 plays out).
Never thought I would say this – but at $154, is Shopee (Sea Ltd) a great value buy?
Basics: What is Sea Limited / Shopee?
In October 2020, I wrote an article evaluating Sea Ltd at $169.
Funny how life works, because almost 1.5 years later, after a 100% rally from there, Sea Ltd is now back below that price.
Sea Ltd is basically split into 3 parts:
