Shopee Announces 11.11 Big Sale Campaign
Shopee, a subsidiary of Sea Limited, has launched its 11.11 Big Sale campaign, featuring significant discounts and promotional vouchers.
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New Street Research has downgraded Sea Limited to a Neutral rating with a price target of $70.
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Shopee, a subsidiary of Sea Limited, has launched its 11.11 Big Sale campaign, featuring significant discounts and promotional vouchers.
Sea Limited has scheduled the release of its third quarter 2026 financial results for November 10, 2026.
Sea Limited stock has plunged 17% since October 15 following announcements of launching a cloud business (Sea Cloud) and potentially spinning off its fintech arm Monee. Despite uncertainty around these moves and capital requirements, the author argues the selloff is overdone given the company's strong 47% revenue growth and attractive P/E ratio of 30, making it a potential buying opportunity.