- Divested Sea Group at US$193, taking a loss of -33.4%
Accumulated 3 tranches of Tesla at US$1038, US$908 and US$850
Accumulated more Microsoft at US$308
Accumulated more CapitaLand China Trust (CLCT) at S$1.16
Doubling Down on Tesla Growth continues to slow down for the gaming unit of Sea Group. Garena is the sole profit-generating business for Sea Group. The cash-burning business model of Shopee looks set to continue as they compete against Lazada in the Southeast Asia e-commerce market. With the new digital banking service launching soon, I foresee the cash-burn rate to remain elevated. Since Sea Group makes up a tiny portion of my portfolio, I decided to cut my losses and re-invest the sale proceeds into Tesla....