I believe long-term investors should still remain confident
$Sea (SE.US)$
Given continued uncertainty in the global macroenvironment, especially across the Asia-Pacific region, the company provided a wider range of their E-Commerce revenue expectations. They now expect E-Commerce revenue to be $8.5-9.1 billion (~72% growth at the midpoint), which was lowered at the low-end from the previous guidance range of $8.9-9.1 billion.
While disappointed with the commentary, it’s important to note that only the low-end of guidance was changed.
The stock remains down over 60% year to date has investors heavily punished the company’s heightened valuation and international exposure in a time where recession fears are rising. The stock is now trading near May 2020 levels, shortly after the pandemic began, though I believe long-term investors should still remain confident.
Given continued uncertainty in the global macroenvironment, especially across the Asia-Pacific region, the company provided a wider range of their E-Commerce revenue expectations. They now expect E-Commerce revenue to be $8.5-9.1 billion (~72% growth at the midpoint), which was lowered at the low-end from the previous guidance range of $8.9-9.1 billion.
While disappointed with the commentary, it’s important to note that only the low-end of guidance was changed.
The stock remains down over 60% year to date has investors heavily punished the company’s heightened valuation and international exposure in a time where recession fears are rising. The stock is now trading near May 2020 levels, shortly after the pandemic began, though I believe long-term investors should still remain confident.
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Yeize : By definition the market is never wrong.
Yeize : Revenue should remain relatively strong but losses will probably mount as a result.