- Sea's Shopee has been laser focused on capital conservation by exiting early from markets management, deems unsuitable or unfavourable for the Shopee strategy.
- Shopee is showing very encouraging trends in Brazil and LatAm regions as the company focuses on the region on its next core market for growth.
- In ASEAN and Taiwan, Shopee is set to achieve breakeven and has even gained market share while reducing spend.
- The downside scenario in gaming has already been priced in, while SeaMoney has multiple new markets opening up in the near term, bringing more opportunities for the digital financial services arm.
- My worst case SOTP target price for Sea Limited is $108.25, implying 109% upside from current levels.
For further details see:
Sea Limited: The Astute Investor Buys When The Average Investor Sells