$Sea Ltd(SE)$ SEA has a ton of headwinds in 2022. Increased competition from other major players and increased borrowing costs due to the min. 2 rate hikes are just two major risks. Heck, SEA is not even the leading player n Indonesia, the largest South East Asian market, Tokopedia is. Their gaming arm is highly concentrated on 1 or few blockbuster games. The party was already over when Powell announced that inflation wasn't transitory and that hikes were inevitable. Negative net income growth stocks are in trouble and that's the cold, hard truth.