Sea Limited (Sea)

Sea Limited records FY2023 net profit of US$162.7 mil, first full-year profit since IPO - THE EDGE SINGAPORE

Results

Sea Limited records FY2023 net profit of US$162.7 mil, first full-year profit since IPO

In FY2022, the group recorded a net loss of US$1.66 billion.

Broker's Calls

Citi maintains 'neutral' on 'high risk' Sea Limited with TP of US$49

Citi analysts have assigned a “high risk” rating to Sea given the “lack of visibility” to the effectiveness of recent investments.
Analysts lower Sea Limited’s TP ahead of 3QFY2023 results - THE EDGE SINGAPORE

Broker's Calls

Analysts lower Sea Limited’s TP ahead of 3QFY2023 results

Analysts from DBS and UOB Kay Hian have lowered their target prices to US$70 and US$72.25 respectively.

Broker's Calls

UOBKH adds Marco Polo Marine and RH Petrogas, removes Delfi, LHN Group and Yangzijiang from October alpha picks

UOBKH’s alpha picks portfolio beat the STI by 4.7 ppts, “overcoming weak investor sentiment in September”.
Indonesia’s attempt to separate TikTok Shop from social media app is positive for Sea: DBS - THE EDGE SINGAPORE

Broker's Calls

Indonesia’s attempt to separate TikTok Shop from social media app is positive for Sea: analysts

DBS has kept "buy" on Sea Limited with an unchanged target price of US$66.

Tech

Sea brings back one of its top game titles in India after ban

Now called Free Fire India, the game will be available Sept 5.

Results

Sea Limited reports net income of US$331.0 mil for 2QFY2023, its third straight quarter of net profits

This is a 135.5% y-o-y increase, as compared to a total net loss of US$931.2 million in the same period a year ago.

Digital Economy

Southeast Asian GMV may grow 15% a year in 2022 – 2030 to exceed US$400 bil, says Bloomberg Intelligence

Sea Limited is expected to reach a full-year breakeven before Grab and GoTo, says analyst Nathan Naidu.
As banks’ momentum wanes, investor interest could return to S-REITs and tech stocks: CLSA - THE EDGE SINGAPORE

Broker's Calls

As banks’ momentum wanes, investor interest could return to S-REITs and tech stocks: CLSA

CLSA analysts say that banks could be losing momentum with Singapore market earnings upgrades waning over the past few quarters.
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