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.
美銀證券分析師Sachin Salgaonkar重申了對Sea Limited（紐交所：SE）的買入評級，將價格目標從77美元上調至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，公司報告了2021財年第二季度營業收入同比增長23.0％，達到38.1億美元，超過分析師共識預期的37.2億美元。
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.
在公佈業績後，該分析師修訂了FY24/25每股收益預測，並將遊戲業務的目標倍數調整爲6.5倍FY25E EV/EBITDA，高於之前的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.
該分析師注意到，該公司憑藉其主導的在線市場Shopee在東南亞處於有利地位，從而受益於電子商務繁榮。
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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.
對於Shopee，該分析師將目標倍數從0.25倍上調至0.28倍FY25E EV/GMV，以考慮業務動力的改善。
Additionally, its expansion into Brazil presents further long-term growth opportunities.
此外，其進軍巴西市場爲其帶來了長期增長機會。
The analyst anticipates stable competition trends in the region and expects improvements in take rates.
該分析師預計該地區的競爭趨勢將保持穩定，並預計收入佔比將有所提高。
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.
該分析師指出，電子商務業務虧損已達到最低點，遊戲業務顯示出扭轉局面的跡象，金融科技行業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.
公司認爲，電子商務佣金費用和廣告方面收益的提升空間仍有餘地。
Ad benefits would likely be visible in next few quarters, the analyst writes.
該分析師表示，廣告收益將在接下來的幾個季度中明顯增加。
The analyst lowered the FY24 EPS estimate to $0.84 from $0.96.
該分析師將FY24每股收益預測下調至0.84美元，之前預測爲0.96美元。
Price Action: SE shares are trading higher by 2.59% to $76.79 at last check Tuesday.
之前SE股票收盤價爲76.79美元，目前漲幅爲2.59%。
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譯文內容由第三人軟體翻譯。