IPO and L/S equity, 2015 Starmine top stock picker, Global Equity Research Ltd

Rickin Thakrar

14 years of experience in global investment research and trading. In relation to research, we focus on IPO, Event-driven and large-cap non-consensual ideas. In relation to trading, we focus on generating positive index-adjusted returns and have had several top-decile or top-quartile performances over the past three years. In terms of background, I have worked at several sell-side firms (JP, Redburn, Haitong, Mainfirst), won Starmine as top stock picker in European Food Retail in 2015 and have been voted top one to top-five by institutions and hedge funds.

IPO and L/S equity, 2015 Starmine top stock picker

Sea Limited Results: Scope for 15% Upgrades?

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Sea Limited 4Q Results: Angling to Be the Next Tencent?

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Bottom-Up

<p>We wrote in May that consensus estimates for Sea were 15% too light (<a href="https://www.smartkarma.com/insights/sea-limited-results-scope-for-15-upgrades" target="_blank" rel="noopener">note</a>). Indeed, Sea management yesterday upgraded its own guidance which could see consensus get closer to our c9bn USD estimate in 2021 (currently 8.5bn post results from 7.8bn in May). Bigger picture, there continue to be multiple reasons for long-term excitement in this unique multi-pillared growth story.</p>

We wrote in May that consensus estimates for Sea were 15% too light (note). Indeed, Sea management yesterday upgraded its own guidance which could see consensus get closer to our c9bn USD estimate in 2021 (currently 8.5bn post results from 7.8bn in May). Bigger picture, there continue to be multiple reasons for long-term excitement in this unique multi-pillared growth story.

Sea Limited 2Q21 Results – Continuing to Drive New Growth Avenues