Sea Limited: Still Worth Chasing Despite Recent Rally - Reiterate Buy
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Sea Limited (SE) is recommended as a buy due to its successful turnaround from cash burn, driven by strong e-commerce sales, advertising opportunities, and profitable segments. The company's forward estimates have been raised, and its valuation is considered cheap compared to peers.
December 15, 2024 | 3:15 pm
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Sea Limited's successful turnaround from cash burn, driven by strong e-commerce sales and profitable segments, has led to raised forward estimates and a cheap valuation compared to peers, making it a buy recommendation.
Sea Limited has reversed its previous cash burn issues through strong e-commerce sales and profitable segments. The management's guidance has led to raised forward estimates, and its valuation is attractive compared to peers, making it a buy.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100