Home Capital Broker's Calls

With Shopee in 16 regions, DBS Group Research sees 95% upside for Sea

Jovi Ho
Jovi Ho2/24/2022 1:45 PM GMT+08  • 5 min read
With Shopee in 16 regions, DBS Group Research sees 95% upside for Sea
Sea offers a 54% e-commerce revenue compound annual growth rate over FY2021-2023, higher than any other major e-commerce player.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Sea Limited (Sea) offers higher e-commerce growth than its peers. Combined with its businesses in gaming, FinTech and food delivery, DBS Group Research analyst Sachin Mittal has renewed faith in its growth strategy.

In a Feb 21 note, Mittal is maintaining “buy” on Nasdaq-listed Sea with a lowered target price of US$272 ($367.99), down from $278 previously. The new target price represents a 95% upside.

Sea engages in the digital entertainment, e-commerce, and digital financial service businesses primarily in seven countries across Greater Southeast Asia.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now