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DJ Sea Ltd.'s E-Commerce and Fintech Businesses May Propel its Growth -- Market Talk

· 02/08/2021 01:13

0613 GMT - Sea Ltd. is expected to record faster revenue growth in 2021 on the back of its e-commerce business, Citi says. The Singapore-based tech firm, which runs online retailing and gaming businesses mainly in Southeast Asia, could continue to expand its e-commerce platform Shopee Mall and realize higher monetization rates with improved offerings, the U.S. bank says. Sea's fintech business is also making good progress, having recently obtained a digital banking license in Singapore. Citi keeps a buy call and raises the stock's target price to $300.00 from $198.00. The NYSE-listed ADRs last closed at $256.76. (martin.mou@wsj.com)

(END) Dow Jones Newswires

February 08, 2021 01:13 ET (06:13 GMT)

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