According to the analysts, Sea’s management sounded confident on the overall business prospect of the company. For Shopee, the focus is on maintaining its market leadership gap and is on track to regain profitability in 2HFY2024, with room for overall monetisation rate to improve.
Citi Investment Research analysts Alicia Yap, Nelson Cheung and Vicky Wei are keeping “buy” on Sea following an in-person non-deal roadshow meeting with the company’s management on its overall business prospects.
In their March 25 report, the analysts wrote that the communications with the management team in Hong Kong and Singapore were insightful — helping to demonstrate the company’s long-term vision and near term focus on executing each of the three core business lines through clear operational targets and collaborative commitment from senior leadership on delivering sustainable high-quality profitable growth.
