DBS Group Research is maintaining its ‘buy’ call on technology firm Sea, at a revised target price of US$204 ($274.70).

This is up US$14 from its previous US$190 call and is expected to give the counter a 20% upside from its US$170.60 price on the NASDAQ stock exchange on Nov 17, analyst Sachin Mittal says in a note.

His move follows a surge in popularity for Free Fire – an in-house game developed under Garena, its digital entertainment arm.

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