Sea Limited

Increased regional competition and spending by Sea has PhillipCapital and Maybank lowering TP to US$61 and U$62 - THE EDGE SINGAPORE

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.

Broker's Calls

Analysts mixed on Sea following 2QFY2023 earnings and re-pivot to accelerating Shopee growth

All analysts have kept their “buy” and “add” calls, but CGS-CIMB and PhillipCapital analysts have lowered their TPs accordingly.

Company in the news

Sea's US$10 bil wipeout lays hard road back from tech crash

The risk is that Sea, which reported losses for more than a decade, will sink back into the red after three profitable quarters.

Company in the news

Sea’s path to profit paved with layoffs, single-ply toilet paper

Just over a year ago, Forrest Li was laid up in bed with Covid, fretting about the future of his company, Sea Ltd.
Sea could see further margin improvement, CGS-CIMB keeps ‘add’ - THE EDGE SINGAPORE

Broker's Calls

Sea could see further margin improvement, CGS-CIMB keeps 'add'

The analysts have lifted Sea’s FY2023-FY2024 EPS by 1.3%-25.6% on higher e-commerce margin assumptions.

Broker's Calls

DBS ups Sea Limited's TP to US$103 as it sees a turnaround in its e-commerce and fintech segments

DBS has upped its adjusted ebitda estimates for the FY2023 to US$2.3 billion compared to a loss of US$321 million earlier.

Tech

Sea cuts more jobs at Shopee days after posting surprise profit

The latest cuts affect fewer than 500 full-time and contract workers in Shopee’s customer service team in Indonesia.

Broker's Calls

DBS downgrades Grab to 'fully valued', highlights TikTok’s potential threat to Asean internet companies

Southeast Asia is projected to be TikTok Shop’s most promising region, led by Indonesia.
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