Gut feel minimally up 5 percent with the ID news whereby TT needs to exit from e-commerce biz
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Uncle Leon sg : Sometimes it’s really buy the rumour sell the news. Just saying.
Fierceson OP Uncle Leon sg : It is not rumours on Tiktok can't operate e-commerce in ID. You can check in CNBC or Channel New Asia. And it is factual that this will benefit Shopee as the main player. Let's monitor whether the news can translate to stock price later =)
Uncle Leon sg Fierceson OP : Yes now it’s not the rumours it’s the official news that’s why need to sell now
Uncle Leon sg : I mean big players already know the insider news earlier. They have bought in and waiting for the news to be out. When news out will attract retailers to buy, and that is the best time for the big players to dump the stock to the retailers
Fierceson OP Uncle Leon sg : ya maybe there's the case too, however, if you look at the analysts and bank reviews the target price should be around 90 plus for Sea. So long run it should have a lot of potential to growth
HavetoStartSomewhere : already priced in don’t expect too much
Fierceson OP : market is very red today with Dow Jones dropped by 0.78 and 1.36 for Nasdaq. But market just started hopefully things will change