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DBS cuts Sea target as Shopee spending weighs on profit growth

Fri, 02 Oct 2026 07:57:11 -0400

Investing.com -- DBS Group Research downgraded Southeast Asian e-commerce, gaming and fintech company Sea Ltd to “hold” from “buy” and cut its 12-month price target to $105 from $148, citing risks that Shopee’s investments to strengthen its market position could slow profit-margin growth in 2027.

The broker expects several investments to weigh on Shopee’s profitability next year, including Pinduoduo’s expansion into Southeast Asia, Shopee’s quick-commerce push and its continued VIP programme.

DBS forecasts Sea’s 2027 e-commerce adjusted EBITDA 5% below consensus and group adjusted EBITDA 6% below consensus, partly due to spending on Migoo AI.

Pinduoduo has expanded into

DBS cuts Sea target as Shopee spending weighs on profit growth

Fri, 02 Oct 2026 07:57:11 -0400

DBS forecasts Sea’s 2027 e-commerce adjusted EBITDA 5% below consensus and group adjusted EBITDA 6% below consensus, partly due to spending on Migoo AI.

Pinduoduo has expanded into

DBS Group Downgrades Sea Ltd. (SE) to Hold

Thu, 01 Oct 2026 04:57:23 -0400

DBS Group analyst Sachin Mittal downgraded Sea Ltd. (NYSE: SE) from Buy to Hold with a price target of $105.00.

For an analyst ratings summary and ratings history on Sea Ltd. click here. For more ratings news on Sea Ltd. click here.

Shares of Sea Ltd. closed at $97.36 yesterday.

Enbridge names Michele Harradence as CEO, replacing Greg Ebel

Tue, 08 Sep 2026 09:00:40 -0400

Enbridge Inc. (TSX: ENB, NYSE: ENB) announced that Greg Ebel will retire as President and Chief Executive Officer on December 31, 2026, and that Michele Harradence has been appointed to succeed him in the role effective January 1, 2027. Harradence will also join the company's Board of Directors on that date.

Ebel will remain on the Board through his retirement date and serve as an advisor to the Board and Harradence from January through May 2027.

Harradence currently serves as Enbridge's Executive Vice-President and President, Gas Distribution and Storage, a role she has held since 2022. In that capacity, she oversaw the

Enbridge names Michele Harradence as CEO, replacing Greg Ebel

Tue, 08 Sep 2026 09:00:40 -0400

Ebel will remain on the Board through his retirement date and serve as an advisor to the Board and Harradence from January through May 2027.

Harradence currently serves as Enbridge's Executive Vice-President and President, Gas Distribution and Storage, a role she has held since 2022. In that capacity, she oversaw the

Enbridge names Michele Harradence as CEO, replacing Greg Ebel

Tue, 08 Sep 2026 09:00:40 -0400

Ebel will remain on the Board through his retirement date and serve as an advisor to the Board and Harradence from January through May 2027.

Harradence currently serves as Enbridge's Executive Vice-President and President, Gas Distribution and Storage, a role she has held since 2022. In that capacity, she oversaw the

Enbridge names Michele Harradence as CEO, replacing Greg Ebel

Tue, 08 Sep 2026 09:00:40 -0400

Ebel will remain on the Board through his retirement date and serve as an advisor to the Board and Harradence from January through May 2027.

Harradence currently serves as Enbridge's Executive Vice-President and President, Gas Distribution and Storage, a role she has held since 2022. In that capacity, she oversaw the

Enbridge Announces Retirement of Greg Ebel and Names Michele Harradence as President and Chief Executive Officer, Effective January 1, 2027