Sea Restricted plunged 22% after swinging again to losses. Is the worst over?


What came about?

Sea Restricted launched its 3rd quarter 2023 (3Q 2023) income this week.

The e-commerce cum gaming participant’s stocks proceeded to plunge 22% to near at US$35.87 on 14 November.

Supply: Webull

Yr-to-date, stocks of Sea Restricted are down greater than 32% and are buying and selling as regards to its 52-week low of US$34.87.

Within the earlier quarter, Sea Restricted additionally noticed its percentage worth taking a success after the corporate warned that investments into Shopee might result in losses down the street. 

Traders is also questioning if the worst could be over for Sea Restricted. 

We dive deeper into the corporate’s numbers and running statistics to take a look at to resolve this.

What traders would possibly not like about Sea Restricted’s income

#1 – Incurred a internet loss after 3 consecutive quarters of profitability

For 3Q 2023, Sea Restricted noticed overall earnings inch up 4.9% 12 months on 12 months to US$3.3 billion.



Please enter your comment!
Please enter your name here

Share post:


More like this