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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 "cup and handle" following the company's latest quarterly report. On March 3rd, it reported a Quarter December 2019 loss of $0.28 per share on revenue of $777.2 million. The consensus estimate was a loss of $0.30 per share on revenue of $889.5 million. Revenue grew 99.7% on a year-over-year basis. The company's next earniings is on June 2nd.
Higher share prices are expected for this stock.
Entry Point: $47.00
Trading Range: $22.49 to $52.77
Stop Loss: $44.00
Target Price: $52.00
SE closed at $54.20
