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Sea's longer-term potential positive given strong e-commerce leadership in Asean: CGS-CIMB

Felicia Tan
Felicia Tan5/10/2022 09:51 AM GMT+08  • 2 min read
Sea's longer-term potential positive given strong e-commerce leadership in Asean: CGS-CIMB
The analysts’ report, on April 29, came after a consortium led by Sea Limited and YTL Digital Capital were among the five winners of Malaysia’s digital bank licenses. Photo: Bloomberg
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CGS-CIMB Research analysts Ong Khang Chuen and Kenneth Tan have kept “add” on Sea Limited with an unchanged target price of US$202 ($280.94).

The analysts’ report, on April 29, came after a consortium led by Sea Limited and YTL Digital Capital were among the five winners of Malaysia’s digital bank licenses announced on the same day.

YTL Digital Capital is backed by Malaysian conglomerate YTL Corp, which has activities spanning across hotels, property, technology, infrastructure and more.

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