Why is no one bullish on SEA Ltd, the parent company of Garena and Shopee? The stock has been on the rise the past 3 months. Any thoughts? - Seedly
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Asked 2w ago

Why is no one bullish on SEA Ltd, the parent company of Garena and Shopee? The stock has been on the rise the past 3 months. Any thoughts?

The stock has risen more than 200% since March 2020. Is there anyone here aware of it?

(https://sginvest.st-neve.com/2020/06/this-stock-just-exploded-over-200-if.html)

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Aik Kai
Aik Kai
Level 7. Grand Master
Answered 2w ago

SEA Ltd is listed in US, which means dividends are subjected to 30% tax. Not very nice ah.

besides, buying overseas stocks also a bit troublesome so...

In any case, I don't think no one noticed it. It is just that the focus around here centre on SG stocks over other countries' stocks so no one is talking about it much.

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SG Invest St-neve
SG Invest St-neve

2w ago

Unfortunately, SEA Ltd doesn't issue dividends yet so not much to tax yet. It's not tedious to buy oveseas stock. I mean i use IB very easily once you set up your bank accounts and link the brokerage account. i guess you are right that there is not much focus on this. Maybe more on election fever at the moment?
N
Ninja
Level 6. Master
Answered 2w ago

Tell me which stock that is bullish for 200% managed to stay that way for long term. 100% the stock would be long gone

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Malvin Tan WP
Malvin Tan WP
Level 5. Genius
Updated 2w ago

Does gamers still play on Garena? Shopee seemed like a smart pivot by SEA ltd and could be the factor for the price increase

Not vested. Have not looked at their financials. Hence No comments on it

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Zhun

2w ago

If you are looking for capital growth then no tax, yah if looking for dividends then US stocks have 30% taxes. This link shares the steps to opening an account to trade us stocks. https://blog.seedly.sg/how-to-buy-us-shares-in-singapore-and-open-brokerage-account/ I feel that recently the market, many investors could be pulling out their capital from those company who are not doing so well and "betting" it on those who could weather this covid situation. then again, is SEA of a good value now? that will need more research into their business situation already.
SG Invest St-neve
SG Invest St-neve

2w ago

This is so helpful šŸ‘