Does the recent plunge in Sea's share price present a buying opportunity?
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NEW YORK-LISTED Sea Ltd has had a stellar run in recent years, and it has become one of the hot favourites for investors looking at opportunities in the South-east Asian technology scene.
The Singapore-based gaming and e-commerce firm's share price rose from around US$40 to US$199.05 over the last year, and that momentum has carried through for the first 10 months of 2021.
The counter closed as high as US$366.99 in mid-October, up over 80 per cent since end-2020. But following its third-quarter results on Nov 16, the stock is currently down over 40 per cent from its highs, closing at US$216.89 on Tuesday (Dec 28).
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