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.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook