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Sea Limited (SE) engages in the digital entertainment, e-commerce, and digital financial service businesses in Taiwan, Thailand, Vietnam, Indonesia, and internationally.
It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.
The company also operates Shopee e-commerce platform, a mobile-centric marketplace that offers integrated payment and logistics infrastructure and seller services.
In addition, it offers digital financial services to individuals and businesses, including e-wallet and payment services through the AirPay mobile app and AirPay counter applications on mobile phones or computers; and payment processing services for Shopee.
Shares have formed a bullish "flag" following the company's latest quarterly report. On November 12th, Sea Ltd reported a 3rd Quarter September 2019 loss of $0.29 per share on revenue of $610.1 million. The consensus estimate was a loss of $0.53 per share on revenue of $691.0 million. Revenue grew 197.7% on a year-over-year basis.
The company said it expects 2019 revenue of $2.58 billion to $2.72 billion. The company's previous guidance was revenue of $2.38 billion to $2.52 billion and the current consensus estimate is revenue of $2.69 billion for the year ending December 31, 2019.
Higher share prices are expected for this stock.
Entry Point: $38.50
Trading Range: $10.515 to $39.20
Stop Loss: $36.00
Target Price: $42.35
SE closed at $40.63
