CGS-CIMB analyst Kenneth TAN has reiterated their bullish stance on SE stock, giving a Buy rating today.
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Kenneth TAN has given his Buy rating due to a combination of factors including Sea’s impressive fourth-quarter performance and optimistic future guidance. The company’s revenue and adjusted EBITDA surpassed expectations, primarily driven by Shopee’s strong gross merchandise value growth and improved margins.
Furthermore, Sea’s guidance for 2025 suggests continued robust growth, with significant gains anticipated in Shopee’s GMV and Garena’s user base. The company’s strategic focus on enhancing profitability through cost efficiencies and increased advertising contributions, alongside a prudent approach to expanding its fintech loan book, supports the positive outlook. These factors, combined with a stable competitive environment, underpin Kenneth TAN’s confidence in Sea’s potential for sustained growth.
According to TipRanks, TAN is ranked #1383 out of 9384 analysts.
In another report released today, DBS also maintained a Buy rating on the stock with a $157.00 price target.