Halving its value doesn’t make Sea cheap


Top pick: A Shopee food delivery rider in action. Sea’s commerce business elicits the most excitement from shareholders despite its digital entertainment unit, Garena, delivering the lion’s share of gross profit.

AT the height of investor enthusiasm back in October, the market value of South-East Asian Internet company Sea Ltd climbed above US$200bil (RM837bil).

Today, it’s worth less than half of that. It may still be overpriced.

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