New Street: SE 3Q21 Results - Continued Strength in Ecommerce
What’s new: SE reported 3Q21 results were above our expectations driven by strong momentum across the business segments. Management has raised guidance for e-commerce segment, while digital entertainment user growth could face pressure in the near-term. We raise our PT to USD375 on continued execution in ecommerce. Our new PT implies 14.9x EV/Revs on our FY22 revenue estimates.Analysts:
Jin Yoon
Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.
New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
- Global healthcare thematic research
We provide debt research on:
- Pan European Telecom Services and Cable
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.