Sea Set for Growth on Shopee Investments, Fintech Gains -- Market Talk

Dow Jones

1 hour ago

0758 GMT - Sea's investments in Shopee should support robust gross merchandise value growth, which will help the company build scale-driven cost leadership, HSBC analysts say in a note. They project the investments to drive Sea's GMV growth at a 2024-2027 CAGR of 21%. The analysts forecast a 40% CAGR in Sea's 2024-27 adjusted Ebitda, driven in part by Shopee unit-economics improvements, including higher take rates, more advertising revenue and lower sales and marketing expenses. They also expect Sea's fintech arm Monee's loan book to grow at roughly a 38% CAGR from 2024-27, helping Ebitda rise to about $1.6 billion by 2027, driven by user expansion and growth in off-Shopee loans. The bank maintains a buy rating on Sea's ADRs and a target of $200. ADRs last closed at $142.31.(jason.chau@wsj.com)

(END) Dow Jones Newswires

November 12, 2025 02:58 ET (07:58 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2582328741"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2582328741\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2582328741?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-12 15:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2582328741","market":"nz","top_or_hot":-1,"title":"Sea Set for Growth on Shopee Investments, Fintech Gains -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0758 GMT - Sea's investments in Shopee should support robust gross merchandise value growth, which will help the company build scale-driven cost leadership, <a href=\"https://laohu8.com/S/HSBC\">HSBC</a> analysts say in a note. They project the investments to drive Sea's GMV growth at a 2024-2027 CAGR of 21%. The analysts forecast a 40% CAGR in Sea's 2024-27 adjusted Ebitda, driven in part by Shopee unit-economics improvements, including higher take rates, more advertising revenue and lower sales and marketing expenses. They also expect Sea's fintech arm Monee's loan book to grow at roughly a 38% CAGR from 2024-27, helping Ebitda rise to about $1.6 billion by 2027, driven by user expansion and growth in off-Shopee loans. The bank maintains a buy rating on Sea's ADRs and a target of $200. ADRs last closed at $142.31.(jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 12, 2025 02:58 ET (07:58 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Set for Growth on Shopee Investments, Fintech Gains -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Set for Growth on Shopee Investments, Fintech Gains -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-11-12 15:58</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0758 GMT - Sea's investments in Shopee should support robust gross merchandise value growth, which will help the company build scale-driven cost leadership, <a href=\"https://laohu8.com/S/HSBC\">HSBC</a> analysts say in a note. They project the investments to drive Sea's GMV growth at a 2024-2027 CAGR of 21%. The analysts forecast a 40% CAGR in Sea's 2024-27 adjusted Ebitda, driven in part by Shopee unit-economics improvements, including higher take rates, more advertising revenue and lower sales and marketing expenses. They also expect Sea's fintech arm Monee's loan book to grow at roughly a 38% CAGR from 2024-27, helping Ebitda rise to about $1.6 billion by 2027, driven by user expansion and growth in off-Shopee loans. The bank maintains a buy rating on Sea's ADRs and a target of $200. ADRs last closed at $142.31.(jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 12, 2025 02:58 ET (07:58 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0516422952.EUR","symbol_name":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2582328741","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2582328741","pubTimestamp":1762934280,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0758 GMT - Sea's investments in Shopee should support robust gross merchandise value growth, which will help the company build scale-driven cost leadership, HSBC analysts say in a note. They project the investments to drive Sea's GMV growth at a 2024-2027 CAGR of 21%. The analysts forecast a 40% CAGR in Sea's 2024-27 adjusted Ebitda, driven in part by Shopee unit-economics improvements, including higher take rates, more advertising revenue and lower sales and marketing expenses. They also expect Sea's fintech arm Monee's loan book to grow at roughly a 38% CAGR from 2024-27, helping Ebitda rise to about $1.6 billion by 2027, driven by user expansion and growth in off-Shopee loans. The bank maintains a buy rating on Sea's ADRs and a target of $200. ADRs last closed at $142.31.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","IE0031814969.USD":"FSSA ASEAN ALL CAP FUND \"I\" (USD) ACC","LU2238330802.EUR":"AZ EQUITY - ASEAN COUNTRIES \"AAZ\" (EUR) ACC","LU0499858602.USD":"NINETY ONE GSF ASIA PACIFIC EQUITY OPPORTUNITIES \"A\" (USD) ACC","SG9999013478.USD":"利安新加坡股息基金","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","LU0345775950.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) ACC","LU0348788117.USD":"ALLIANZ EMERGING ASIA EQUITY \"A\" (USD) INC","BK4503":"景林资产持仓","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","LU0072462343.USD":"贝莱德亚洲巨龙基金","BK4535":"淡马锡持仓","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD","SE":"Sea Ltd","LU2065170008.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) INC","BK4085":"互动家庭娱乐","LU2008162690.USD":"FIDELITY FUNDS - ASIA PACIFIC OPPORTUNITIES \"A\" (USD) ACC","SG9999001135.SGD":"United ASEAN Fund SGD","BK4588":"碎股","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU2065171402.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","LU0048573645.USD":"富达东盟基金","BK4548":"巴美列捷福持仓","LU0589944569.HKD":"ALLIANZ EMERGING ASIA EQUITY \"AT\" (HKD) ACC","LU1839390173.USD":"JPM ASEAN EQUITY \"A\" (USD) INC","LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","FTVI":"Fintech Acquisition Corp VI","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","LU2125910849.SGD":"Natixis WCM Global Emerging Markets Equity R/A SGD","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","LU2177674079.SGD":"Fidelity Asia Pacific Opportunities A-ACC-SGD (hedged)","LU0499858438.USD":"NINETY ONE GSF ASIA PACIFIC EQUITY OPPORTUNITIES \"A\" (USD) INC","LU0823038988.USD":"AMUNDI FUNDS ASIA EQUITY FOCUS  \"A2\" (USD) ACC","LU2125910500.SGD":"Natixis WCM Global Emerging Markets Equity H-R/A SGD","IE0001KFT4U8.USD":"FTGF CLEARBRIDGE GLOBAL GROWTH LEADERS \"A\" (USD) INC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU0516422440.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","LU2152927971.USD":"NORDEA 1 ASIAN STARS EQUITY \"BP\" (USD) ACC","LU0823039010.USD":"AMUNDI FUNDS ASIA EQUITY FOCUS  \"A2\" (USD) INC","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","LU0345776255.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) INC","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC"},"translate_title":"Sea将因Shopee投资和金融科技收益而实现增长——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FTVI":1.5,"SE":1.5},"content_text":"0758 GMT - Sea's investments in Shopee should support robust gross merchandise value growth, which will help the company build scale-driven cost leadership, HSBC analysts say in a note. They project the investments to drive Sea's GMV growth at a 2024-2027 CAGR of 21%. The analysts forecast a 40% CAGR in Sea's 2024-27 adjusted Ebitda, driven in part by Shopee unit-economics improvements, including higher take rates, more advertising revenue and lower sales and marketing expenses. They also expect Sea's fintech arm Monee's loan book to grow at roughly a 38% CAGR from 2024-27, helping Ebitda rise to about $1.6 billion by 2027, driven by user expansion and growth in off-Shopee loans. The bank maintains a buy rating on Sea's ADRs and a target of $200. ADRs last closed at $142.31.(jason.chau@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 12, 2025 02:58 ET (07:58 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}