Analyst RecommendationAnalyst's recommendation reiterates Buy rating with a new PT of $205, viewing SE as a secular compounder in Southeast Asia’s digital economy.
E-commerce GrowthShopee posted record order volume, GMV, and revenue, with Shopee revenue accelerating 34% year-on-year, driven by a 46% surge in marketplace growth.
Financial PerformanceThe group maintained a robust gross cash position of US$10.6b and generated US$2.4b in operating cash flow, underscoring a healthy cash flow.