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)
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