Sea Rose Nearly 3% in Premarket Trading As UOB Kept a Buy Rating With a $94.34 Target

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Sea Rose Nearly 3% in Premarket Trading As UOB Kept a Buy Rating With a $94.34 Target

Dow Jones2023-07-27

Sea Ltd rose nearly 3% in premarket trading.

It is likely to keep dominating the Southeast Asia e-commerce space, thanks to the sizable merchant and customer base commanded by its Shopee platform, UOB Kay Hian analysts say in a note.

Though Shopee could be facing competition from rival platform Lazada, which recently received a capital injection from parent Alibaba, and from Chinese challengers TikTok Shop and Pinduoduo, the analysts see the threat as limited for now. UOB KH expects Shopee to have stable margins on higher transaction-based fees and increased contributions from value-added services. It keeps a buy rating on Sea with a $94.34 target, adding that shares may trade sideways as macro headwinds are countered by positive earnings momentum.

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D1234
·2023-07-27
Buy SE before it hits $74/-. my 2 cents. Thank you. Trade with care.
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Kennoobie
·2023-07-27
I burn my fingers with this one. I will avoid no matter what.
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Trade with care.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/202431575945384","repostId":2354120599,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":202461584838864,"gmtCreate":1690445983159,"gmtModify":1690445991558,"author":{"id":"4119963323587952","authorId":"4119963323587952","name":"Kennoobie","avatar":"https://community-static.tradeup.com/news/13ad37a0e06c2dfd42ac4f2b5a70b190","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":1,"crmLevelSwitch":1,"idStr":"4119963323587952","authorIdStr":"4119963323587952"},"htmlText":"I burn my fingers with this one. I will avoid no matter what.","listText":"I burn my fingers with this one. I will avoid no matter what.","text":"I burn my fingers with this one. I will avoid no matter what.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/202461584838864","repostId":2354120599,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":11,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}