Sea Limited To Gain From Strong E-Commerce Growth And Positive Momentum: Analyst
Sea Limited To Gain From Strong E-Commerce Growth And Positive Momentum: Analyst
BofA Securities analyst Sachin Salgaonkar reiterated the Buy rating on Sea Limited (NYSE:SE), raising the price objective to $84 from $77.
美银证券分析师Sachin Salgaonkar重申了对Sea Limited（纽交所：SE）的买入评级，将价格目标从77美元上调至84美元。
Yesterday, the company reported fiscal second-quarter revenue growth of 23.0% year-on-year to $3.81 billion, beating the analyst consensus estimate of $3.72 billion.
昨天，公司报告了2021财年第二季度营业收入同比增长23.0％，达到38.1亿美元，超过分析师共识预期的37.2亿美元。
Following the results, the analyst revised the FY24/25 EPS estimates and adjusted the target multiples for gaming to 6.5X FY25E EV/EBITDA, up from 5.5X.
在公布业绩后，该分析师修订了FY24/25每股收益预测，并将游戏业务的目标倍数调整为6.5倍FY25E EV/EBITDA，高于之前的5.5倍。
The analyst notes that the company is well-positioned to benefit from the e-commerce boom in Southeast Asia, thanks to its dominant online marketplace, Shopee.
该分析师注意到，该公司凭借其主导的在线市场Shopee在东南亚处于有利地位，从而受益于电子商务繁荣。
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For Shopee, the analyst revised the target multiples to 0.28X FY25E EV/GMV, up from 0.25X, to account for improved business momentum.
对于Shopee，该分析师将目标倍数从0.25倍上调至0.28倍FY25E EV/GMV，以考虑业务动力的改善。
Additionally, its expansion into Brazil presents further long-term growth opportunities.
此外，其进军巴西市场为其带来了长期增长机会。
The analyst anticipates stable competition trends in the region and expects improvements in take rates.
该分析师预计该地区的竞争趋势将保持稳定，并预计收入占比将有所提高。
According to the analyst, e-commerce business losses have reached their lowest point, the gaming business shows signs of a turnaround, and profitability is improving in the fintech sector.
该分析师指出，电子商务业务亏损已达到最低点，游戏业务显示出扭转局面的迹象，金融科技行业的盈利能力正在提高。
The company sees room for e-com take rates to go up, both on commission fee as well as ads.
公司认为，电子商务佣金费用和广告方面收益的提升空间仍有余地。
Ad benefits would likely be visible in next few quarters, the analyst writes.
该分析师表示，广告收益将在接下来的几个季度中明显增加。
The analyst lowered the FY24 EPS estimate to $0.84 from $0.96.
该分析师将FY24每股收益预测下调至0.84美元，之前预测为0.96美元。
Price Action: SE shares are trading higher by 2.59% to $76.79 at last check Tuesday.
之前SE股票收盘价为76.79美元，目前涨幅为2.59%。
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