Investment Review day 19 of 50: Sea Limited $SE
Sea Limited $SE is a leading provider of e-commerce (Shopee) and digital financial services (SeaMoney) in South East Asia. The company’s valuation has collapsed in the past two years following a botched international expansion, and Sea is currently in turnaround mode, cutting costs and focusing on core markets.
I made a disastrous investment in $SE in June 2021, breaking my usual rule of building a position slowly, in favour of taking a full 6% allocation immediately. That position is currently down 74%, and while its not my biggest %age loss, it is far and away my biggest real money loss on any one stock.
I added a little nibble back in August, and am now watching to see whether the company’s turnaround efforts will bear fruit. The latest two quarters look promising, as Sea tries to navigate its way back to sustainable profitable growth.
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I’m putting my holdings under the microscope. Over the next 50 days I’ll break down my whole investment portfolio. Wins, losses, and the ‘why’ behind it all. And on day 50 I’m going to share the full portfolio! Follow me and let’s learn together! #StockAnalysis #50daychallenge #ecommerce #southeastasia
