Photo: Bloomberg

CGS-CIMB Research analysts Ong Khang Chuen and Darren Ong have kept “add” on SEA Limited with an unchanged sum of the parts (SOTP)-based target price of US$315 ($419.10) after the group’s 1QFY2021 results beat the brokerage’s expectations.

Sea Limited, for the 1QFY2021 ended March, saw adjusted revenue surge 144% y-o-y and 11% q-o-q to US$2.1 billion, beating the analysts’ expectations.

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