$Sea (SE.US)$ Phillip Securities maintain buy but reduce tp ...

bullrider_21 commented on a stock · Aug 18, 2023 13:13

Phillip Securities maintain buy but reduce tp to USD87 from USD100.

2Q23 revenue missed expectations marginally due to increased shipping subsidies. Earnings were in line. 1H23 revenue/PATMI was at 46%/103% our FY23e forecasts. They expect break-even in 2H23 due to increased incentives and investments.

Garena looks to have bottomed out, posting an 8% QoQ increase in operating income after 5 quarters, with an 11%/15% sequential uptick in QAU/QPU.

$S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Grab Holdings (GRAB.US)$ $AEM SGD (AWX.SG)$ $RH PetroGas (T13.SG)$ $Geo Energy Res (RE4.SG)$

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