Broker Name: Maybank Research Pte Ltd
Date of Report: January 16, 2026
Excerpt from Maybank Research Pte Ltd report.
Report Summary
- Sea Ltd’s recent share price weakness is viewed as an attractive entry point, with risks around Brazil and Shopee margins largely priced in and competitive pressures easing, especially in Taiwan.
- Maybank maintains a BUY rating and a USD156 price target, forecasting strong GMV growth for Shopee in 2026 and margin expansion, supported by a solid balance sheet and positive long-term outlook for its core businesses in e-commerce, gaming, and digital financial services.
Above is an excerpt from a report by Maybank Research Pte Ltd. Clients of Maybank Research Pte Ltd can be the first to access the full report from the Maybank website: https://www.maybank-keresearch.com