Investor confidence in Sea Ltd (SE) 'has been hammered' - Citi-To The Moon - Tiger Brokers Online Investing Community

1
Comment
Favorite

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 ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

AdelGYS
·2023-08-16
Very busy with mixed comments and different analysts ...
Reply
Like
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2359383114?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-08-16 20:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2359383114","market":"us","top_or_hot":-1,"title":"Investor confidence in Sea Ltd (SE) 'has been hammered' - Citi","media":"StreetInsider","content":"<div>\n<p>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 ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=22053276\">Source Link</a>\n\n</div>\n","source":"highlight_streetinsider","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>Investor confidence in Sea Ltd (SE) 'has been hammered' - Citi</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInvestor confidence in Sea Ltd (SE) 'has been hammered' - Citi\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-16 20:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=22053276><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</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":"SG9999013460.SGD","symbol_name":"LionGlobal Singapore Dividend Equity Fund 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. 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' con","collect":0,"end_time":0,"defaultTopTitle":"streetinsider.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","BK4554":"元宇宙及AR概念","SG9999013478.USD":"利安新加坡股息基金","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD","C":"花旗","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","BK4534":"瑞士信贷持仓","SE":"Sea Ltd","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","BK4585":"ETF&股票定投概念","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","BK4566":"资本集团","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","SG9999001135.SGD":"United ASEAN Fund SGD","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU0048573645.USD":"富达东盟基金","BK4535":"淡马锡持仓","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU0251143029.SGD":"Fidelity ASEAN A-SGD","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","BK4588":"碎股","BK4503":"景林资产持仓","BK4207":"综合性银行","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD","BK4551":"寇图资本持仓","BK4581":"高盛持仓","BK4085":"互动家庭娱乐","BK4504":"桥水持仓","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","SG9999002406.SGD":"利安新加坡信托基金","SG9999002620.SGD":"LionGlobal South East Asia SGD","BK4548":"巴美列捷福持仓","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD"},"translate_title":"投资者对Sea Ltd。的信心“受到打击”——花旗","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SE":1,"C":1},"content_text":"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 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":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"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":6,"crmLevelSwitch":0},"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"}],"hasMoreComments":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}