Investor confidence in Sea Ltd (SE) 'has been hammered' - Citi

StreetInsider2023-08-16

Citi analyst Alicia Yap downgraded shares of Sea Ltd. (NYSE: SE) to Neutral from Buy, lowering the price target to $50 from $98 per share in a note Wednesday. The analyst told investors that the ...

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AdelGYS
2023-08-16
AdelGYS
Very busy with mixed comments and different analysts ...

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(NYSE: SE) to Neutral from Buy, lowering the price target to $50 from $98 per share in a note Wednesday. The analyst told investors that the ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=22053276\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0310800965.SGD","symbol_name":"FTIF - Templeton Global Balanced A Acc SGD","start_time":0,"source_url":"https://www.streetinsider.com/dr/news.php?id=22053276","article_id":"2359383114","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2359383114","pubTimestamp":1692188400,"sourceInfo":{"source_id":"highlight_streetinsider","name":"StreetInsider"},"weMediaInfo":null,"summary":"Citi analyst Alicia Yap downgraded shares of Sea Ltd.  to Neutral from Buy, lowering the price target to $50 from $98 per share in a note Wednesday. 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(NYSE: SE) to Neutral from Buy, lowering the price target to $50 from $98 per share in a note Wednesday. The analyst told investors that the company's strategy shift amid intensified competition raises uncertainty.Sea reported a mixed 2Q23 on Wednesday, missing earnings expectations. However, the company's gaming operating metrics like QAU and paying users and e-commerce metrics like gross order growth and active users achieved sequential growth. \"Management expects ongoing reaccelerated investment could lead to Shopee EBITDA and group level profit reverting to loss in future quarters,\" the analyst wrote. \"Although we agree it is the right approach to defend market share amid intensified competition, no clear direction of GMV growth and management's tolerance of turning back to loss-making suggest to us that there is a lack of visibility on the investment's effectiveness and a brutal battle could be just starting.\"Citi believes investors' confidence in the stock \"has been hammered\" and that the share price is likely to be range bound as a result. By Sam Boughedda","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":209530927693912,"gmtCreate":1692194957556,"gmtModify":1692194962361,"author":{"id":"3581174525648411","authorId":"3581174525648411","name":"AdelGYS","avatar":"https://static.tigerbbs.com/6147c611984619a69630f877f8238a7a","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3581174525648411","authorIdStr":"3581174525648411"},"htmlText":"Very busy with mixed comments and different analysts ...&nbsp;","listText":"Very busy with mixed comments and different analysts ...&nbsp;","text":"Very busy with mixed comments and different analysts ...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/209530927693912","repostId":2359383114,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":1,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2359383114"}