Sea Limited drops to end week

Sea Limited drops to end week as Hedgeye calls it a top short idea

Back view of young gamer playing video games on computer

Sea Limited (NYSE:SE) ended the week on a low note, dropping 6.6% today after being named as a best idea short at Hedgeye.

Shares had pulled back some 30% from their all-time highs already, analyst Felix Wang notes, but says the valuation is still "lofty" - and has room for another 35% downside.

The company is facing more competitive pressure, he says, and some of the routes forward aren't as solid as expected. Sea is looking to Brazil to support international growth, but Wang says the gaming opportunity in Brazil is "hyped" and e-commerce there is shaky as well.

As for its flagship game Garena Free Fire, it's a "one-hit wonder whose performance has peaked," with engagement now lagging behind peers, Hedgeye says. And Shopee is getting "most of the e-commerce buzz around the world," though sharp deceleration "could be the theme in 2022."

"Conditions need to be near perfect for SE to ascend back to its meteoric heights," Wang says.

After its last earnings report, Sea's shares slipped nearly 4% despite results where revenues more than doubled, as its loss came in worse than expected.

Now Read: Sea Limited 2021 Q3 - Results - Earnings Call Presentation

免责声明:上述内容仅代表发帖人个人观点,不构成本平台的任何投资建议。

举报

评论214

  • 推荐
  • 最新
  • MT15NKCB
    ·2021-12-17
    Good read. But is it still a good stock for the long term?
    回复
    举报
    收起
    • Deonc
      Agree
      2021-12-18
      回复
      举报
  • shadow82
    ·2021-12-12
    hope it goes back up soon [Cry]
    回复
    举报
    收起
    • Deonc

      [强]

      2021-12-12
      回复
      举报
  • Vandaluus
    ·2021-12-13
    And one research house up-ed TP to $400. Wonder wat is their basis?
    回复
    举报
  • kaisx
    ·2021-12-13
    Like pla
    回复
    举报
    收起
  • Nggimseng
    ·2021-12-11
    We can alert each other some moveme affected the market just to earn some interest
    回复
    举报
  • 嘛嘛财商FQ
    ·2021-12-13
    [财迷] [财迷] [财迷]
    回复
    举报
    收起
  • ShaoPern
    ·2021-12-13
    what went down, will go up for fundamentally strong company. looking forward to its rebound!
    回复
    举报
  • 秋诗
    ·2021-12-12
    再跌就加仓
    回复
    举报
  • Jaydenng90
    ·2021-12-12
    Upwards trend now
    回复
    举报
  • KevinToo
    ·2021-12-12
    Will continue to add so long the fundamental remain intact
    回复
    举报
  • Big Little
    ·2021-12-12
    Good morning, I hope everyone makes money from this stock.
    回复
    举报
  • Jasonc13
    ·2021-12-11
    [Salute] [Salute]
    回复
    举报
  • Jasonc13
    ·2021-12-11
    opportunity [Bless]
    回复
    举报
  • YCTye
    ·2021-12-13
    Well, still a platform that I like the most to do my online shopping thus far.
    回复
    举报
  • Unknown934
    ·2021-12-13
    Haha salve company
    回复
    举报
  • StaQ
    ·2021-12-13
    another bubble about to burst
    回复
    举报
  • Shironeko
    ·2021-12-13
    Interesting
    回复
    举报
  • feldman
    ·2021-12-12
    割韭菜时机
    回复
    举报
  • Jasonc13
    ·2021-12-11
    [Like] [Like] [Like]
    回复
    举报
  • Jasonc13
    ·2021-12-11
    good sharing
    回复
    举报