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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.

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评论37

  • Kenk
    ·2021-11-18
    i’ve bought the dip! 
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  • PS153
    ·2021-11-18
    shopping time
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  • sjcy
    ·2021-11-18
    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 $$.
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    • CCCH
      yed
      2021-11-18
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    • PS153
      agree
      2021-11-18
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  • Jialatsia
    ·2021-11-18
    Meep
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  • Jenjorjack
    ·2021-11-18
    Burn cash and burn cash. How and when will it turn?
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  • Ken7979
    ·2021-11-18
    A Chance to buy cheaper
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    收起
  • Jinocide
    ·2021-11-18
    Buy before 12.12.
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  • FIREWORKS
    ·2021-11-18
    Opportunity to accumulate 
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  • Dragon1976
    ·2021-11-18
    Roar
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  • MHh
    ·2021-11-18
    Oops.. will it drop further?[Thinking] 
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  • ming22
    ·2021-11-18
    Watchlist, wait for the opportunity 
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  • mel18
    ·2021-11-18
    The see saw of US market 
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  • mel18
    ·2021-11-18
    US market is seesawing now
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  • TaiWoeiHaur
    ·2021-11-18
    Good morning pls like 
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  • 来人
    ·2021-11-18
    Buy the dip
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    收起
    • yaozong7
      yah digital bank coming. buy the dip
      2021-11-18
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  • Sling1331
    ·2021-11-18
    Dip to buy
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  • 我i168
    ·2021-11-18
    I’ll consider when they start to reduceloss. 
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    • Kenk
      by the $400 a share
      2021-11-18
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  • Fannielie
    ·2021-11-18
    Should I buy now? 
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  • WengYongLi
    ·2021-11-17
    Who cares what bofa says. They only care about their own bags
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  • NatnatUSDacc
    ·2021-11-17
    Well it’s down 10% now. Similar to Roku. Bottom fishing time. 
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