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As of the market close on December 11, the S&P 500 Index has risen by 27% year-to-date, surpassing 6,000 points; the Nasdaq Composite Index has accumulated a rise of over 33%, reaching a milestone of 0.02 million points, exceeding market expectations.
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After the financial report of Sea, known as the "little Tencent of Southeast Asia," was released, its share price surged by over 20%; the indian version of "Ctrip," Make My Trip, turned a profit last year, with an increase of nearly 150% within the year.
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Sea has accumulated a surge of 180% this year, and analysts expect a 7% upside potential in the next 12 months.
Gelonghui, December 2nd | Since the Singapore internet plus-related company Sea announced its third-quarter results, following the recovery of profitability in its e-commerce business, analysts have further raised their stock price expectations. This month, at least seven institutions, including morgan stanley and deutsche bank, have raised the target price for Sea Group's stocks, with the average target price having increased by 21% since the earnings report was released. Year-to-date, Sea's US stocks have risen by 180%, with a market cap increase of approximately 42 billion dollars. According to Bloomberg, analysts generally expect a further 7% upside for the stock in the next 12 months. Analysts estimate that this year, Sea's e-commerce platform Shopee(