Sea Limited was the most hated stock in 2022 and 2023 because, despite its title as a Southeast Asian giant, it could not continue to grow rapidly in Southeast Asia and its stock price dropped by over 80%. Towards the end of 2023 and early 2024, the leadership decided to change direction from previous cost-cutting measures and reduced marketing expenses to now continue investing heavily. If losing money actually caused the company's stock price to rise, then Sea Limited can be said to be the most representative company.
In 2020, the pandemic caused Sea Limited to rise, with support from celebrities such as Jackie Chan, Blackpink, and Ronaldo. Its stock price soared and its market cap surpassed $100 billion. Due to a war and the era of the pandemic, they chose to slow down their development in order to obtain profitability for the company. However, institutional investors did not buy into this approach and started selling off their shares. Therefore, last year they made a turnaround and returned to the previous burn cash strategy, which ironically led to a rebound in the stock price with at least a 20% increase. With five months remaining this year, do you think Sea Limited will achieve further success?
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