0253 GMT - Sea Ltd.'s 2025 guidance for its e-commerce platform Shopee and its digital entertainment arm Garena appears positive, Daiwa Capital Markets analysts say in a research report. The tech conglomerate guided for over 20% gross merchandise value for Shopee and for double-digit growth for Garena's user base and bookings in 2025, the analysts note. For 1Q, Shopee's GMV is likely to grow by 22% on year, thanks to drivers including improvement in advertisements take rate, and Garena's bookings will probably increase 21% on year, the analysts estimate. Daiwa raises the American depositary receipt's target price to $180.00 from $140.00, with an unchanged buy rating. The ADRs closed 7.1% higher at $132.31 on Tuesday. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 04, 2025 21:53 ET (02:53 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。