{"id":12784,"date":"2023-08-18T15:10:37","date_gmt":"2023-08-18T15:10:37","guid":{"rendered":"https:\/\/isafespend.com\/investing\/sea-ltd-s-growth-pivot-at-expense-of-profits-says-jpmorgan\/"},"modified":"2023-08-18T15:10:37","modified_gmt":"2023-08-18T15:10:37","slug":"sea-ltd-s-growth-pivot-at-expense-of-profits-says-jpmorgan","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=12784","title":{"rendered":"Sea Ltd.’s ‘growth pivot at expense of profits,’ says JPMorgan"},"content":{"rendered":"
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\u00a9 Reuters. Sea Ltd’s (SE) ‘growth pivot at expense of profits,’ says JPMorgan<\/span>
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JPMorgan downgraded Sea Ltd.\u00a0(NYSE:) to Neutral from Overweight, lowering the price target to $45 from $96 per share in a note Friday.<\/p>\n

JPMorgan analysts told investors that the growth pivot has come at the expense of profits.<\/p>\n

“SE\u2019s decision to accelerate e-commerce investments in growth is likely to materially weigh on its earnings and share price in the near term,” they wrote.<\/p>\n

They added: “SE could potentially incur heavy investments in 2H23 (a busy campaign period), resulting in earnings decline in 2H. The amount that SE is willing to invest and effectiveness of those investments are likely to only become clearer in 2024.”<\/p>\n

As a result, despite the “relative valuation multiples appearing undemanding after its underperformance,” JPMorgan believes rerating catalysts are unlikely to materialize before 1H24.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Sea Ltd’s (SE) ‘growth pivot at expense of profits,’ says JPMorgan JPMorgan downgraded Sea Ltd.\u00a0(NYSE:) to Neutral from Overweight, lowering the price target to $45 from $96 per share in a note Friday. JPMorgan analysts told investors that the growth pivot has come at the expense of profits. “SE\u2019s decision to accelerate e-commerce<\/p>\n","protected":false},"author":1,"featured_media":12785,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[32],"class_list":{"0":"post-12784","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing","8":"tag-featured"},"yoast_head":"\nSea Ltd.'s 'growth pivot at expense of profits,' says JPMorgan | iSafeSpend<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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