According to analysts Alicia Yap, Nelson Cheung and Vicky Wei, the group’s second quarter should see softer seasonality, coming off the back of strong Chinese New Year and Ramadan promotional activities in 1Q2024.
Citi Research analysts have maintained their “buy” call on NYSE-listed Sea Limited, with a lowered target price of US$80 ($107.54), from US$81 previously.
This precedes Sea’s 2QFY2024 results, which is set to be released around mid-August.
