Following the group’s strong 1QFY2024 performance due to the earlier timing of Ramadan, Sea’s adjacent earnings before interest, tax, depreciation and amortisation (ebitda) stand at US$423 million ($568.95 million), as per the analysts’ estimates.
CGS International (CGSI) analysts Ong Khang Chuen and Kenneth Tan have kept their “add” call on Sea Limited following the group’s healthy performance in 2QFY2024 across segments.
In their July 23 note, the analysts note Sea’s solid performance in 2QFY2024 amid seasonal weakness.
