Sea Limited (Sea)

Sea returns to black in 2QFY2024, OCBC keeps ‘buy’ at raised TP of US$90 - THE EDGE SINGAPORE

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.

Broker's Calls

CGS International keeps ‘add’ call on Sea following solid 2QFY2024 performance across segments

Despite expected seasonal weakness, Sea’s digital entertainment and e-commerce segment has experienced strong growth momentum.

Broker's Calls

Citi lowers Sea’s TP to US$80 as it sees competition to intensify in 2H2024

Sea is expected to report its 2QFY2024 results around mid August.
MSCI Singapore index’s uptrend likely to stay intact in next few months: CGS International  - THE EDGE SINGAPORE

Broker's Calls

MSCI Singapore index’s uptrend likely to stay intact in next few months: CGS International

The communications and retail sectors were Singapore’s brightest spots in the month
Maybank re-initiates Sea at ‘buy’ with TP of US$90 - THE EDGE SINGAPORE

Broker's Calls

Maybank re-initiates Sea at ‘buy’ with TP of US$90

Shares in Sea closed 50 US cents higher or 0.67% up at US$74.92 on June 17.

Company in the news

Sea unfairly favoured its own delivery service, Indonesia says

Indonesia, with about 280 million people, is a key growth market for Singapore-based Sea.

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.

Property

Sea CEO's wife to buy Gallop Road GCB for $42.5 mil

Li owns a 1,403 sqm land parcel next to the mansion, near the Singapore Botanic Gardens.

Broker's Calls

PhillipCapital downgrades Sea to ‘accumulate’ due to share price change

On March 4, Sea reported a net profit of US$162.7 million ($218.5 million) for the FY2023 ended Dec 31, 2023.
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