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47 articles for Sea Ltd

Sea Ltd: All at sea

We cut our SOTP derived target price to US$52 implying 19% downside. The digital entertainment (gaming) segment is under pressure. We expect FCF losses to worsen. Sea Ltd's is overvalued compared to its peers and needs to be derated.
Tellimer Research
Nirgunan
Nirgunan Tiruchelvam @ Tellimer Research 30 August 2022
Sea Ltd: All at sea
Sea Ltd: All at sea

Sea Ltd: Cost cuts will not stem the sea of red. Downgrade to Sell

On 17 June, the media reported that Southeast Asian tech giant Sea Ltd (SE) is cutting its headcount in ASEAN and Latam. The layoffs are focused on ShopeeFood and SeaMoney and could amount to a 5% fall in headcount. If so, this would equate to an ave...
Tellimer Research
Nirgunan
Nirgunan Tiruchelvam @ Tellimer Research 21 June 2022
Sea Ltd: Cost cuts will not stem the sea of red. Downgrade to Sell
Sea Ltd: Cost cuts will not stem the sea of red. Downgrade to Sell

The EM Tech firms best placed to survive the rout

This week's warning from Snap that “the macroeconomic environment has deteriorated further and faster than anticipated” shook the Tech sector's foundations. The company expects its EBITDA this quarter to come in “below the low end” of its guidance ra...
Tellimer Research
Nirgunan
Nirgunan Tiruchelvam @ Tellimer Research 27 May 2022
The EM Tech firms best placed to survive the rout
The EM Tech firms best placed to survive the rout

The good, the bad and the ugly in the EM tech rout

Most readers will know Gloria Gaynor’s hit “I Will Survive”. The FAANGs are down an average of 45% in the same period. It took until August 2017 for the index to regain its March 2000 high (on an inflation and dividend-adjusted basis). Unlike the dot...
Tellimer Research
Nirgunan
Nirgunan Tiruchelvam @ Tellimer Research 16 May 2022
The good, the bad and the ugly in the EM tech rout
The good, the bad and the ugly in the EM tech rout
Flash Equity Report / Singapore

Sea Ltd has found its level, upgrade to Hold

We raise our recommendation to Hold and maintain our key assumptions, with an unchanged SOTP-derived target price of US$72. Sea Ltd has lost three-quarters of its value in the past six months. It has underperformed the Nasdaq by 50% and the Kraneshar...
Tellimer Research
Nirgunan
Nirgunan Tiruchelvam @ Tellimer Research 10 May 2022
Sea Ltd has found its level, upgrade to Hold
Sea Ltd has found its level, upgrade to Hold

Indonesia's digital economy: An archipelago awakes

Indonesia has the largest digital economy in Southeast Asia with c40% of the total regional market share. In 2020 alone there were 40mn new internet users, with 70% of the total population having access to online platforms. The Southeast Asia interne...
Tellimer Research
Nirgunan
Nirgunan Tiruchelvam @ Tellimer Research 28 April 2022
Indonesia's digital economy: An archipelago awakes
Indonesia's digital economy: An archipelago awakes

Details

Singapore
Asia
Semiconductors & Semiconductor Equipment
About
Sea Limited offers information technology services. The Company provides online personal computer and mobile digital content, e-commerce, and payment platforms. Sea serves customers worldwide.

Associated topics

Sea Ltd Asia Semiconductors & Semiconductor Equipment Information Technology Equity Singapore Nirgunan Tiruchelvam Consumer Discretionary Sea Technology Spotlight Indonesia India ASEAN