Flash Report /
Singapore

Sea will rise again despite recent rout; reiterate Buy

  • Sea has lost 45% of its value in the last three months; a recent catalyst was Tencent selling US$3bn of its stock in Sea

  • But we remain positive on Sea's prospects and reiterate Buy with a target price of US$467, implying a 133% upside

  • Sea's fundamentals are solid and the next catalyst will be the Q4 21 results where we expect robust revenue growth

Sea will rise again despite recent rout; reiterate Buy
Nirgunan Tiruchelvam
Nirgunan Tiruchelvam

Head of Consumers Equity Research

Tellimer Research
13 January 2022
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