HOLT "Global Stock Highlights from the Week - 15th May 2026" Patel

研报英文原文证据摘录

HOLT "Global Stock Highlights from the Week - 15th May 2026" Patel

Global Research

15 May 2026ab

HOLT Equities

GlobalGlobal Stock Highlights from the Week - 15th

May 2026 Hiten Patel, CFA, FCA

HOLT Specialist

hiten.j.patel@ubs.com

+44-20-7883 5132

Consumer and Auto Steffen Spillecke, CFA HOLT Sector Specialist

Sea Ltd’s shares surge on strong 1Q26 results; implied long-term growth steffen.spillecke@ubs.com

(1) +44-20-7883 6549appears elevated versus peers

John Talbott, CFA

Sea Ltd’s shares rallied 13% after posting a strong set of 1Q26 results, with revenue and HOLT Sector Specialist

EBITDA both ahead of consensus. Strength was broad-based across segments, with john.talbott@ubs.com

Shopee GMV, Garena bookings, and Monee’s loan book all delivering solid growth in +1-212-325 1813

the quarter. Sea’s CFROI has recovered since 2023 and is forecast to increase further by Brendan Munson

2026e. Based on consensus estimates through 2027e, the current share price implies HOLT Sector Specialist

c.20% sales growth in 2028–2029e (click here). This compares with 31% growth in brendan.munson@ubs.com

2026e under consensus forecasts (assuming a normalized discount rate of 4.2%, based +1-212-325 2784

on the average of global platform peers). Sea’s implied growth appears elevated versus Shawn Lee

Chinese Internet platforms (Alibaba, Tencent) and other EM peers (Grab, MercadoLibre), HOLT Sector Specialist

which are at c.9–13%. shawn.lee@ubs.com

+65-6212 3370

Compass Group (CPG) shares up on profit guidance raise and supportive

market commentary from Aramark; market-implied topline growth

(2)

remains below company’s near-term guidance and long-term target

Despite the share price pull-back in late 2025 and early 2026, driven by perceived AI and