CGS-CIMB Research analysts Ong Khang Chuen and Darren Ong foresee Sea Limited having a good kick-off to the year when it reports its 1QFY2021 ended March results.

The analysts forecast Sea to report adjusted revenue of US$2.1 billion ($2.78 billion) for the 1QFY2021, translating to 5% q-o-q growth and 131% y-o-y growth. They believe the higher revene will be underpinned by continued momentum across all three of its business segments.

For its gaming arm Garena, Khang Chuen and Darren anticipate record bookings of US$1.05 billion, 105% higher y-o-y, on the back of Free Fire’s popularity as it remains the top grossing game in key markets.


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