SITC(HK:01308) Ge Long Hui·2025-10-02 12:46Core Viewpoint - Daiwa's research report indicates that Sea Group (1308.HK) has issued a positive profit warning, expecting a net profit of $1.17 billion for the first half of the year, representing a year-on-year increase of approximately 140% [1] Financial Performance - The increase in profit is attributed to rising freight rates in the Asia region, expansion of business in the Asian market, and improved operational efficiency [1] - Daiwa has raised its earnings per share forecast for Sea Group for the fiscal years 2022 to 2024 by 2% to 17%, reflecting the better-than-expected profit warning [1] Market Expectations - It is estimated that the market will adjust its earnings forecasts upward, and the company is expected to have a dividend yield exceeding 20% [1] - The target price for Sea Group remains at HKD 60, with a reiterated "Buy" rating [1]