$Sea (SE.US)$ CGS CIMB reiterate add with a higher tp of US$...
CGS CIMB reiterate add with a higher tp of US$88 on a normalising competitive landscape for the ASEAN e-commerce industry.
1Q24 was a beat on both revenue and EBITDA as Shopee delivered +36% yoy GMV growth while Garena returned to positive growth, led by Free Fire.
They think Shopee can return to adj. EBITDA positive in 2Q24F, led by further commission hikes, cost reduction and higher live-commerce unit economics.
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soyabean89 : 88! wah I sold too early
bullrider_21OP soyabean89: Too bad.
Alan_6168 : Can I still buy it now?
SG Huat Alan_6168: If you have money, you can buy it