Jonathan Kitchen We previously covered Sea Limited (NYSE:SE) in May 2024, discussing why we had finally upgraded the stock to a Buy, particularly attributed to Shopee's robust performance across most metrics and narrowing losses in FQ1'24, despite the launch of GoTo/TikTok Shop in early 2024. With the management still reiterating its FY2024 guidance while maintaining a healthy balance sheet, we had believed that the stock continued to offer robust capital appreciation prospects. Since then, SE has alrea ...