Excluding the one-off impairment of goodwill, core net profit came in at US$205 million, well within UOBKH’s expectations.
Analysts at Maybank Securities and UOB Kay Hian have kept “buy” on Sea Ltd with target prices of US$105 ($141) and US$94.34 respectively following the company’s 1QF2023 ended March announcement.
For its 1QFY2023, Sea’s net profit stood at US$88 million, below Maybank’s estimates due to a US$118 million goodwill impairment charge from previous acquisitions.
