0735 GMT - Sea Ltd. is likely to enjoy further growth ahead, Phillip Securities Research's Helena Wang says in a research report. The Singapore-based tech conglomerate has demonstrated strong growth momentum and monetization capabilities in its Shopee e-commerce platform and its SeaMoney digital financial services business, the analyst says. This growth momentum has been driven by higher take rates in commissions and ads and by robust loan book growth, Wang says. The brokerage upgrades the stock to accumulate from neutral owing to recent price movement of the ADRs, with an unchanged target price of US$140.00. The ADRs closed 0.8% lower at US$129.27 on Wednesday. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 27, 2025 03:35 ET (07:35 GMT)
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