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Sea Limited (Sea)
Broker's Calls
Analysts cheer Sea's positive set of results for the 3QFY2022; CGS-CIMB upgrades to 'buy'
CGS-CIMB has also upped its TP to US$75 from US$61 previously.
12 days ago
Results
Sea reports net loss of US$569.3 mil for 3QFY2022, down 0.3% y-o-y
Sea’s chairman and group CEO Li says the company is seeking to achieve “self-sufficiency and profitability as soon as possible”.
12 days ago
Tech
Another Cathie Wood fund exits Sea after US$175 bil selloff
Sea Limited has plunged nearly 80% this year and is now trading near its pre-pandemic levels.
30 days ago
Broker's Calls
DBS remains positive on Sea as it sees e-commerce-led profitability in sight
The brokerage has, however, lowered its TP to US$100 with a bear-case TP of US$63.
October 21, 2022
Tech
Sea's Shopee faces boycott calls in Philippines over brand ambassador
The backlash presents a new headache for Singapore-based Sea, already beset by ballooning losses,
September 30, 2022
Company in the news
Sea stays silent amid layoffs
Sea is the only digital bank licensee here that has yet to launch and provide details on its offering.
September 22, 2022
Company in the news
Sea's billionaire CEO to forgo salary as cost cuts spread
The company will also cap spending on business travels as well as cull reimbursement for meals and entertainment bills.
September 15, 2022
Broker's Calls
CGS-CIMB maintains ‘hold’ on Sea as it pushes for profitability
Despite the 'hold' call, the analysts expect sentiment on the stock to stay weak in the near-term.
September 12, 2022
Company in the news
Sea's stock plunge adds to Forrest Li's US$17 bil wealth drop from peak
Once Southeast Asia’s most-valuable company, Sea’s shares have now fallen almost 80% since peaking in October.
August 17, 2022
Broker's Calls
Maybank and Citi reduce Sea’s TP to US$105 and US$145 respectively on EU retreat and global macro weakness
Sea’s current valuation is "attractive" and deemed "oversold": analysts
July 28, 2022