His move follows the launch of Free Fire Max – the higher spec version of the game which features better graphics, animation and draw distance which are believed to help re-engage existing users while reaching out to new ones.
The “maxing” of Free Fire’s growth potential has spurred Maybank Kim Eng to maintain its “buy” call and target price of US$378 ($507.79) on technology firm Sea.
This is slated to give the counter a 9% upside from its $346.09 price, analyst Lai Gene Lih writes in an Oct 15 note.
