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Shopee
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
Digital Economy
TikTok Shop nearly quadruples annual gross merchandise value in 2023, new report finds
This makes it the second largest ecommerce platform in Southeast Asia, while Shopee stays ahead with US$55.1 bil GMV.
July 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
Positive 1QFY2024 results expected, CGS keeps ‘add’ on Sea with higher TP of US$76
The analysts forecast Sea to report improved adjusted ebitda performance on a q-o-q basis in 1QFY2024 to US$247 million.
April 25, 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
Company in the news
Gen Zs in Southeast Asia prefer e-commerce platforms for discovery and research: Shopee
With Gen Zs' interest in e-commerce and online shopping rising, Shopee is launching a few new initiatives to capture this trend.
March 19, 2024
Broker's Calls
TikTok Shop Indonesia's combination with Tokopedia a net negative for Sea's Shopee
Shopee is expected to fight vigorously for market share in Indonesia following the move by TikTok and GoTo.
December 14, 2023
Digital Economy
The new kings and queens of content
A bigger, newer and more competitive creator economy around live streaming is emerging and Southeast Asia is dominating.
November 23, 2023
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
Broker's Calls
DBS raises Sea’s TP to US$78 on Indonesia’s social commerce ban
Any disruptions that TikTok sellers experience during the transition would likely be beneficial to Shopee.
September 28, 2023