SITC(HK:01308) 智通财经网·2026-01-28 07:03Group 1 - Morgan Stanley has set a target price of HKD 26.4 for Sea Group (01308) and rated it as "in line with the market" [1] - Sea Group's preliminary earnings report indicates a net profit expectation of USD 1.2 billion to USD 1.23 billion for the previous year, representing a year-on-year increase of 16% to 18.9%, slightly exceeding market consensus of USD 1.19 billion [1] - The firm believes that the market's reaction to last year's earnings will be limited despite the slight outperformance [1] Group 2 - Morgan Stanley notes that there is an upside risk to demand resilience within the Asian region due to supply chain shifts and geopolitical dynamics [1] - The ongoing downturn in the global container shipping industry poses a downside risk [1] - Significant deterioration in China-Japan trade could expose Sea Group to risks due to its relatively high exposure to Japanese routes [1]