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Sea Limited (Sea)
Tech
Sea's Shopee faces boycott calls in Philippines over brand ambassador
The backlash presents a new headache for Singapore-based Sea, already beset by ballooning losses,
September 30, 2022
Company in the news
Sea stays silent amid layoffs
Sea is the only digital bank licensee here that has yet to launch and provide details on its offering.
September 22, 2022
Company in the news
Sea's billionaire CEO to forgo salary as cost cuts spread
The company will also cap spending on business travels as well as cull reimbursement for meals and entertainment bills.
September 15, 2022
Broker's Calls
CGS-CIMB maintains ‘hold’ on Sea as it pushes for profitability
Despite the 'hold' call, the analysts expect sentiment on the stock to stay weak in the near-term.
September 12, 2022
Company in the news
Sea's stock plunge adds to Forrest Li's US$17 bil wealth drop from peak
Once Southeast Asia’s most-valuable company, Sea’s shares have now fallen almost 80% since peaking in October.
August 17, 2022
Broker's Calls
Maybank and Citi reduce Sea’s TP to US$105 and US$145 respectively on EU retreat and global macro weakness
Sea’s current valuation is "attractive" and deemed "oversold": analysts
July 28, 2022
Global Economy
Briefs: Ukraine President Zelensky says shortage of foodstuff will 'inexorably' lead to political chaos
In other news, the US Fed announced largest rate hike in 28 years, with more to come.
June 17, 2022
Tech
Sea cuts jobs in shopping, food in first major downsizing
Southeast Asia’s largest tech firm plans to let employees go across its e-commerce division Shopee.
June 15, 2022
Broker's Calls
DBS keeps 'buy' on Sea but slashes TP by 55% to US$115
DBS Group Research analyst Sachin Mittal has lowered his target price to US$115 from the previous US$256.
May 19, 2022
Broker's Calls
Sea's longer-term potential positive given strong e-commerce leadership in Asean: CGS-CIMB
Given its strong e-commerce leadership in Asean, the analysts are positive on Sea’s longer-term potential in the region.
May 10, 2022