Sea Ltd
Sea shares slump 16.5%; analysts deem drop an ‘overreaction’
Citi and Maybank Securities say the sell-off ignores company’s strategic logic
Sea Q4 earnings up 72.9% at US$410.9 million; targets 25% GMV growth in Shopee
For the full year, earnings surge to US$1.6 billion from US$447.8 million
Sea and Google ink partnership to develop AI-powered tools
This involves all three of Sea’s business units – Garena, Shopee and Monee
Eyes on Grab and Sea as analysts stay bullish ahead of FY2025 results
Grab is expected to report its results on Feb 11; Sea has yet to announce its reporting date
Affordability a key focus as food delivery platforms continue to grow: Momentum Works
This has driven down average order value, but the net effect is faster gross merchandise value growth
Sing60 ends on a high note for charity
More than 60 home-grown acts across several genres performed at the two-day music festival
Sea’s S$650,000 bid for PM Wong’s guitar to support music dreams of underserved youth
The contribution also supports performance platforms such as the Sing60 Music Festival
Sea announces first share buyback of up to US$1 billion
The timing and amount of the buybacks will be determined based on market conditions and other factors
Maybank cuts Sea target price with ‘hold’ call on softer Shopee margins, HSBC maintains ‘buy’ call
Tech company’s prioritisation of growth and building of competitive moats could ‘slow near-term monetisation gains’, says Maybank Research
