Sea Limited: A Southeast Asian Tech Conglomerate Worth Keeping An Eye On

Edwin Tan/E+ via Getty Images Investment Thesis Sea Limited (NYSE:SE) is trading 80% higher year to date, deteriorating its risk-reward ratio of last year's business inflexion and limiting its upside for the rest of the year. The blockbuster first quarter fully justified the stock price rally, after having been beaten down in 2022 in the post-covid correction. The stock will likely benefit for the rest of the year from the base effect of last year, when revenue grew only 4.9%, making it likely for the stock ...