SE - Correlates more closely with STI Index than with XRT
$Sea Ltd(SE)$ - Correlates more closely with $Straits Times Index(STI.SI)$ Index than with $SPDR S&P Retail ETF(XRT)$
After 18 long years, the Singapore Straits Times Index has finally hit an all-time high. For those unfamiliar, SE is a Singapore-based company listed on the NYSE, with its recent price trajectory largely driven by Shopee’s strong profitability since Q3 2024—its e-commerce segment, which remains the company’s biggest revenue driver today.
SE was also one of Qullamaggie most actively traded stocks in Covid-19 rally 2020 and 2021 if you followed his past streams.
PS: Founder and CEO Forrest Li has confirmed his bid to become Singapore's football president😅
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