Second Entry : SE
This point , we rebalance Chinese Tech out and replace with strong & solid growth like SE !
which is dropped over -66% from ATH
and we have never disappointed in operation result of SEA Limited.
No doubt to switch from China Tech Side (which is not drop much from our entry) into US Tech in this level.
Valuation Gap is very close.
Some may be cheaper (e.g. Meituan , Kuaishou looks expensive in term of EV/GP multiple)
We have strong conviction about long term growth opportunity on SEA more than China Tech.
As they can enter new market and expand TAM continuously and it's been proven successes of EU / LATAM / India
Bet on this timing , We don't know where the bottom is , but this level is worth entry for long term hold with CAGR 40-50% for 2022-2025
which is dropped over -66% from ATH
and we have never disappointed in operation result of SEA Limited.
No doubt to switch from China Tech Side (which is not drop much from our entry) into US Tech in this level.
Valuation Gap is very close.
Some may be cheaper (e.g. Meituan , Kuaishou looks expensive in term of EV/GP multiple)
We have strong conviction about long term growth opportunity on SEA more than China Tech.
As they can enter new market and expand TAM continuously and it's been proven successes of EU / LATAM / India
Bet on this timing , We don't know where the bottom is , but this level is worth entry for long term hold with CAGR 40-50% for 2022-2025
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