Sea Gained Over 3% in Premarket Trading After Maybank Offered a $105 Price Target

Dow Jones2023-07-25

Sea Ltd gained over 3% in premarket trading.

Its margins likely improved further in 2Q on growth at its Shopee e-commerce and MariBank fintech businesses offsetting weakness at its Garena digital-entertainment segment, Maybank analyst Kelvin Tan says in a research note.

Tan says the Singapore-based internet company could break even in 2023 on a faster-than-expected improvement in cost-cutting and monetization in the e-commerce and fintech segments.

"We think Sea will continue to outperform its regional peers given its strong e-commerce (Shopee) leadership in Asean and with SeaMoney continuing to grow its fintech offerings and enhance operational capabilities," Maybank says.

However, the share price may face some volatility as Sea looks to quickly hit its profitability milestones, which could hurt the top line.

Maybank maintains a buy rating with a $105 target on the stock, which last closed at $61.18.

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AdelGYS
2023-07-25
AdelGYS
Finally, see shine☺️

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Maybank says. </p><p>However, the share price may face some volatility as Sea looks to quickly hit its profitability milestones, which could hurt the top line. </p><p>Maybank maintains a buy rating with a $105 target on the stock, which last closed at $61.18.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Gained Over 3% in Premarket Trading After Maybank Offered a $105 Price Target</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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