Maybank analyst Hussaini Saifee upgraded Sea Limited (SE) to Buy from Hold with an unchanged price target of $156. The risks are priced in after the shares dropped 36% from their 2025 peak, the analyst tells investors in a research note. Maybank views the correction as overdone and sees an attractive risk/reward at current levels. The firm believes Sea’s investments in its VIP program and fulfilment will strengthen Shopee’s competitive position
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