Sea Limited (Sea)

Analysts cheer Sea's positive set of results for the 3QFY2022; CGS-CIMB upgrades to 'buy' - THE EDGE SINGAPORE

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.
Sea reports net loss of US$569.3 mil for 3QFY2022, down 0.3% y-o-y - THE EDGE SINGAPORE

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”.

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.

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.

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,
Sea stays silent amid layoffs - THE EDGE SINGAPORE

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.

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.
CGS-CIMB maintains ‘hold’ on Sea as it pushes for profitability - THE EDGE SINGAPORE

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.

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.

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
×