For this reason, analysts at CGS-CIMB and PhillipCapital have reiterated their “add” and “buy” calls, but with a lower target price of US$65 and US$87 respectively. Analysts at DBS have maintained its “buy” with an unchanged target price of US$90, and Citi has a “buy” call with a target price of US$98.
Analysts at CGS-CIMB Research, DBS Group Research, Citi Research and PhillipCapital are mixed on Sea Limited, following the e-commerce and gaming giant’s 2QFY2023 ended June 30 earnings and announcements.
Sea recorded a total net income of US$331.0 million ($449.19 million) for 2QFY2023, its third straight consecutive quarter of earnings. Following that, the group said that it will focus on prioritising market share over profits in e-commerce.
