UOBKH has a target price of $78.39, Maybank has an unchanged target price of US$62, OIR increased its target price to US$86 from US$80 previously, and Morningstar has raised its target price to US$60.
Analysts are positive on Sea after its 1QFY2024 results ended March beat consensus estimates on both revenue and ebitda. The gaming and ecommerce platform reported a total revenue of $3.7 billion, 23% y-o-y, and an ebitda of $401 million, ahead of Bloomberg consensus of $221 million.
All four brokerage houses, UOB Kay Hian (UOBKH), OCBC Investment Research (OIR), Maybank Securities and Morningstar have kept their “buy” call.
