Shopee's Drive for Profitability Looks Impressive -- Market Talk

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Shopee's Drive for Profitability Looks Impressive -- Market Talk

Dow Jones2023-03-08

0421 GMT - Sea Ltd.'s drive to reach profitability looks impressive, Daiwa Capital Markets analysts say in a research report, raising the American Depositary Receipt's target price to US$72.00 from US$65.00 with an unchanged hold rating. Its Shopee e-commerce platform's adjusted Ebitda turned positive in 4Q for the first time, with Daiwa's analysts surprised by Shopee's strong efforts to cut losses. The Singapore-based consumer internet company's digital financial services Ebitda also turned positive for the first time, with management mentioning on its earnings call that the key performance indicator for this business is to improve the quality of the loan book and profitability, the analysts say. Sea Ltd.'s ADRs closed 22% higher at US$80.06 on Tuesday. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 07, 2023 23:21 ET (04:21 GMT)

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虎威将
·2023-03-08
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(ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 07, 2023 23:21 ET (04:21 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","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>Shopee's Drive for Profitability Looks Impressive -- Market Talk</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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Its Shopee e-commerce platform's adjusted Ebitda turned positive in 4Q for the first time, with Daiwa's analysts surprised by Shopee's strong efforts to cut losses. The Singapore-based consumer internet company's digital financial services Ebitda also turned positive for the first time, with management mentioning on its earnings call that the key performance indicator for this business is to improve the quality of the loan book and profitability, the analysts say. Sea Ltd.'s ADRs closed 22% higher at US$80.06 on Tuesday. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 07, 2023 23:21 ET (04:21 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4554":"元宇宙及AR概念","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","LU0048573645.USD":"富达东盟基金","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","LU0251143029.SGD":"Fidelity ASEAN A-SGD","SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","BK4566":"资本集团","SE":"Sea Ltd","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD","BK4535":"淡马锡持仓","BK4588":"碎股","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","BK4503":"景林资产持仓","SG9999002406.SGD":"利安新加坡信托基金","BK4551":"寇图资本持仓","SG9999002620.SGD":"LionGlobal South East Asia SGD","BK4581":"高盛持仓","BK4085":"互动家庭娱乐","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","BK4548":"巴美列捷福持仓","SG9999013478.USD":"利安新加坡股息基金","SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2317422185","content_text":"0421 GMT - Sea Ltd.'s drive to reach profitability looks impressive, Daiwa Capital Markets analysts say in a research report, raising the American Depositary Receipt's target price to US$72.00 from US$65.00 with an unchanged hold rating. Its Shopee e-commerce platform's adjusted Ebitda turned positive in 4Q for the first time, with Daiwa's analysts surprised by Shopee's strong efforts to cut losses. The Singapore-based consumer internet company's digital financial services Ebitda also turned positive for the first time, with management mentioning on its earnings call that the key performance indicator for this business is to improve the quality of the loan book and profitability, the analysts say. Sea Ltd.'s ADRs closed 22% higher at US$80.06 on Tuesday. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 07, 2023 23:21 ET (04:21 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}