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Garena
Broker's Calls
Sea returns to black in 2QFY2024, OCBC keeps ‘buy’ at raised FV of US$90
While Sea returned to the black in its 2QFY2024, OCBC's Lim notes that its EPS of 14 US cents came in below estimates.
August 16, 2024
Broker's Calls
Analysts keep 'buy' on Sea after 1QFY2024 revenue and ebitda beat consensus estimates
Sea reported a significant narrowing of losses for Shopee, and management guides for 2H growth.
May 16, 2024
Broker's Calls
Citi positive on Sea following upbeat business prospects
The analysts see upside risk to share price and estimates if the landscape further stabilises with earlier-than-expected breakeven
March 25, 2024
Broker's Calls
Increased regional competition and spending by Sea has PhillipCapital and Maybank lowering TP to US$61 and U$62
Sea is gaining market share against competitors, but has come at a cost of profitability.
November 20, 2023
Digital Economy
Sea to fire 3% of Shopee Indonesia staff as layoffs start
Sea’s Shopee division, in particular, has pulled back from major markets in Europe and Latin America
September 19, 2022
Digital Economy
Sea cuts jobs in gaming arm in second downsizing wave
Sea expects gaming unit Garena to post its first decline in bookings this year
September 02, 2022
Results
Sea's losses increase by 114% y-o-y in 2QFY2022
Notable expenditures were from R&D, as well as general and administrative expenses.
August 16, 2022
Tech
Sea's secretive billionaire CEO opens up after 75% stock crash
CEO writes memo to staff after plunge in stock price to reassure continued spending on growth rather than focus on profitability
March 14, 2022
Digital Economy
Cathie Wood's Ark bought Sea shares as gaming firm plunged
Ark has been accumulating Sea shares since the start of this year and the frequency of its purchases increased this month
February 15, 2022
Digital Economy
Sea's Free Fire among apps India bans on China security fear
India accounted for 2.6% of Sea’s 2021 mobile-game net sales
February 14, 2022