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Sea Limited (Sea)
Company in the news
Sea’s path to profit paved with layoffs, single-ply toilet paper
Just over a year ago, Forrest Li was laid up in bed with Covid, fretting about the future of his company, Sea Ltd.
May 16, 2023
Company in the news
Sea CEO declares 5% raises after turning profitable
Workers who joined on or before March 31 will get the salary bump effective this July, Li said in a memo to Sea's staff on Monday.
May 08, 2023
Broker's Calls
Accumulate Sea and Bukalapak near bear-case TPs of US$68 and IDR255, says DBS
DBS's Sachin Mittal has rated Sea and Bukalapak at "buy" while Grab was given a "hold" rating.
March 30, 2023
Broker's Calls
Brokers' Digest: GoTo Gojek Tokopedia, Genting Singapore, Singtel, AEM Holdings, Sea, Delfi, Yanlord Land Group
See what the analysts have to say this week.
March 24, 2023
Tech
Asian startups are rising to the financing challenge
The Southeast Asian online retail market has grown rapidly, but that doesn’t mean it has fallen into a fixed pattern.
March 22, 2023
Broker's Calls
DBS ups Sea Limited's TP to US$103 as it sees a turnaround in its e-commerce and fintech segments
DBS has upped its adjusted ebitda estimates for the FY2023 to US$2.3 billion compared to a loss of US$321 million earlier.
March 21, 2023
Company in the news
Sea's CEO tells staff that the worst is over after first-ever quarterly net profit
In his 700-word memo, Li also warned that the company still needs to prove that it can sustain a profit.
March 20, 2023
Tech
Sea cuts more jobs at Shopee days after posting surprise profit
The latest cuts affect fewer than 500 full-time and contract workers in Shopee’s customer service team in Indonesia.
March 10, 2023
Broker's Calls
Brokers' Digest: Sea, Venture Corp, UMS Holdings, DFI Retail Group Holdings, Japfa, HRnetGroup
See what the analysts have to say this week.
March 10, 2023
Broker's Calls
Analysts lift Sea Limited's TPs after 4QFY2022 earnings exceed expectations; UOB Kay Hian upgrades to 'buy'
UOB Kay Hian and Citi have lifted their target prices to US$94.34 and US$110 respectively.
March 08, 2023