SEA is now better placed to pursue long-term tailwinds from its Asean digitalisation
CGS-CIMB has raised its target price on Sea to US$105 from US$85, implying a potential upside of 31.3 per cent. Its new target price of US$105 is based on a higher e-commerce price-to-sales multiple of four times, compared with 2.9 times previously. CGS-CIMB also reiterated its “add” call on the stock.
With the group turning profitable in Q4, Sea is now better placed to pursue long-term tailwinds from its Asean digitalisation, said CGS-CIMB in a separate report on Tuesday. The results beat CGS-CIMB’s estimates by 11 per cent and consensus forecasts by 15 per cent.
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Brave mooer : I trace down your posts to last year, are u sea group’s PR haha?
b34r Brave mooer: i think Grab has one too, and maybe a few other stocks. They are quite easy to spot.