Sea Limited: Recent Updates And Thoughts On The Company

Sep. 29, 2022 6:33 AM ETSea Limited (SE)8 Comments
Jun Hao profile picture
Jun Hao
463 Followers

Summary

  • Garena is working on new games pipelines as seen from Phoenix Labs and investment in VIC Game Studios.
  • While Shopee’s recent layoffs were unfortunate, achieving self-sufficiency is key for management and investors.
  • I remain cautiously optimistic that my investment thesis is intact.

Shopee headquarters in Singapore

kokkai

Investment Thesis

This was not a great year for Sea Limited (NYSE: SE) as its recent share price declined yet again since my previous publications on the company. The recent news of Shopee's layoff, Garena's declining growth

Garena's QAU, QPU, and PUR

Image Created From Sea Limited 10-Q

Garena's Adjusted EBITDA Margin

Image Created From Sea Limited 10-Q

FaeFarm by Phoenix Lab

FaeFarm by Phoenix Labs

New Logo By Phoenix Lab

New Logo By Phoenix Labs

New Projects by Phoenix Labs

New Projects by Phoenix Labs

Shopee's adjusted loss per order

Sea Limited 10-Q

This article was written by

Jun Hao profile picture
463 Followers
Equity Research. Mostly Tech, Consumer & Sin Stocks. Student in the National University of Singapore (NUS).

Disclosure: I/we have a beneficial long position in the shares of SE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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