高盛：Sea _ 数据追踪显示，消费者促销活动较 4.4 有小幅上升

更多资料加入知识星球：水木调研纪要 关注公众号：水木Alpha 6 May 2025 | 3:50PM SGT Sea Ltd. (SE) Buy 5.5 tracking shows slight uptick in consumer promotions vs 4.4 SE 12m Price Target: $167.00 Price: $142.50 Upside: 17.2% Following our prior tracking in April for 4.4, we highlight promotions given by Sea's Shopee & peers during the 5.5 sale period. Key observations: 1) In Indonesia, both Shopee & Tiktok increased promotions relative to 4.4 (reflected by lower final cost to consumer on average in our price sampling) though the trend w ...