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Broker's Calls
Increased regional competition and spending by Sea has PhillipCapital and Maybank lowering TP to US$61 and U$62
Sea is gaining market share against competitors, but has come at a cost of profitability.
November 20, 2023
Digital Economy
Sea to fire 3% of Shopee Indonesia staff as layoffs start
Sea’s Shopee division, in particular, has pulled back from major markets in Europe and Latin America
September 19, 2022
Digital Economy
Sea cuts jobs in gaming arm in second downsizing wave
Sea expects gaming unit Garena to post its first decline in bookings this year
September 02, 2022
Results
Sea's losses increase by 114% y-o-y in 2QFY2022
Notable expenditures were from R&D, as well as general and administrative expenses.
August 16, 2022
Tech
Sea's secretive billionaire CEO opens up after 75% stock crash
CEO writes memo to staff after plunge in stock price to reassure continued spending on growth rather than focus on profitability
March 14, 2022
Digital Economy
Cathie Wood's Ark bought Sea shares as gaming firm plunged
Ark has been accumulating Sea shares since the start of this year and the frequency of its purchases increased this month
February 15, 2022
Digital Economy
Sea's Free Fire among apps India bans on China security fear
India accounted for 2.6% of Sea’s 2021 mobile-game net sales
February 14, 2022
Digital Economy
Gaming billionaire Li's wealth plunge accelerates to US$10 billion after Tencent sale
Forrest Li is now Singapore's third-richest person
January 05, 2022
Results
Sea announces revenue surge, raises guidance but retains a net loss in 2Q2021
Sea, which owns Garena and Shopee, reported a revenue surge in 2Q2021, but retained a net loss of US$393.5 million
August 17, 2021
Broker's Calls
CGS-CIMB believes Sea Limited will have a 'strong start to the year' ahead of 1Q21 results
CGS-CIMB forecasts Sea Limited to report 1QFY21 ebitda of US$185 mil.
May 11, 2021