The 720： Sea Ltd， Taiwan ODM， Asics， TME， Wanhua， China TSF， Global Market Views
Goldman Sachs·2024-08-14 02:59
14 August 2024 | 7:25AM HKT The 720: Sea Ltd, Taiwan ODM, Asics, TME, Wanhua, China TSF, Global Market Views In Focus | Sea Ltd Sea Ltd - Better growth outlook & clarity on breakeven timeline - Buy. While Sea delivered a strong set of 2024 results overall, we believe the positive stock reaction (up c.10% intraday) largely came from the upward revision in FY24 GMV growth guidance to mid-20% with Shopee to return to EBITDA positive from 3Q24 (vs prior guidance: GMV growth at high teens, breakeven in 2H24). In ...