Sea shares fell more than 7% in morning trading

Tiger Newspress2021-11-17

Sea shares fell more than 7% after cut to Neutral at BofA on slowing growth.

Bank of America analyst Sachin Salgaonkar downgrades the stock to a Neutral rating from a Buy.

In addition, Sea kept gaming guidance unchanged, which implies slowing growth in Q4, Salgaonkar writes in a note to clients.

The analyst sees a balanced risk/reward for the stock; shares climb 85% Y/Y.

"We cut our gaming revenue estimates to factor in a slowdown and increase e-com losses as we factor increasing cash-burn," the analyst notes.

Lowers full-year 2022 loss per share estimate to $5.72 and 2023 to $4.45 per share.

"Consensus is yet to factor in rising losses in the medium term based on expansion into new markets in Europe/India."

The Neutral rating agrees theNeutral Quant Rating, with the best factor grade in Momentum and the worst in Valuation.

However, the Neutral rating diverges from the Very BullishWall Street Analyst Rating(18 Very Bullish, 7 Bullish).

Previously, (June 10) Sea gotupgraded to Buy at BofA.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

  • Kenk
    2021-11-18
    Kenk
    i’ve bought the dip! 
  • PS153
    2021-11-18
    PS153
    shopping time
  • sjcy
    2021-11-18
    sjcy
    Sea has always had a strong pull upwards in stock price trend. I wouldn't be too worries abt this dip. Good opportunity to buy in more if u have the extra $$.
  • Jialatsia
    2021-11-18
    Jialatsia
    Meep
  • Jenjorjack
    2021-11-18
    Jenjorjack
    Burn cash and burn cash. How and when will it turn?
  • Ken7979
    2021-11-18
    Ken7979
    A Chance to buy cheaper
发表看法
37