0319 GMT - Sea Ltd.'s strategy to maintain its competitive advantages over rivals will likely continue driving growth, Citi Research analysts say in a note. 2Q results were stronger than expected across its e-commerce, gaming and digital financial services businesses, with more disclosure of operating metrics helping ease worries about growing competition, they say. Increased subscribers of its VIP program reflected higher retention rates, while its e-commerce business Shopee in Brazil showed positive momentum, they add. Higher ad spend per seller also saw a better user conversion rate, they add. Citi retains a buy rating and lifts its target price to $206 from $183. Shares closed 19% higher at $174.12 overnight. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
August 12, 2025 23:19 ET (03:19 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。