In my analysis dated September 15, 2022, I voiced concerns about Sea Limited, fearing their cash reserves might deplete amidst soaring interest rates and the unfavorable capital market climate. My apprehensions were articulated as follows:
“...the range of outcomes has widened with its cash cow Garena losing a lot of paying users and TikTok and Shein making a strong move into Indonesia’s commerce. The cash on their balance would last them around 2+ years, and they will likely have to issue new shares at a depressed price.”
Today, Sea Limited appears to have navigated its stormy weather by ad...
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