Good Piece of news for Seas' investors

$Sea (SE.US)$ 0737 GMT - Sea Ltd.'s gaming and e-commerce growth looks set to improve, HSBC Global Research analysts say as they keep a buy call on the stock. Sea's investments, rising consumer spending and base effects will benefit shopping platform Shopee from 3Q, with new games boosting gaming revenue in 2H, Piyush Choudhary and Rishabh Dhancholia say. Indonesian regulatory changes could be a key catalyst, they say. The new rules' impact isn't clear, but may force social-media platform TikTok--a Shopee rival--to split off e-commerce operations. If TikTok shuts Indonesia e-commerce ops and the market improves, HSBC expects "Shopee's GMV growth to improve and its margin to be higher than in our base case." This "would lift our fair value for Sea by USD10/share (c13%)." It keeps a $77 target on Sea, last at $42.09.