Core Viewpoint - Sea Limited's shares have significantly outperformed the market, driven by strong first-quarter results and growth across all major segments [1][2]. Financial Performance - Sea Limited reported first-quarter 2025 revenues of $4.8 billion, a 30% year-over-year increase, with a net income of $410.8 million, marking a recovery from a loss in the same period last year [2]. - The Zacks Consensus Estimate for second-quarter 2025 revenues is $5.08 billion, indicating a 29.87% year-over-year increase, while earnings are estimated at 96 cents per share, reflecting a 108.7% increase from the previous year [7]. Segment Analysis - The e-commerce platform Shopee generated $3.5 billion in revenues, a 28.3% year-over-year increase, with adjusted EBITDA rising to $264.4 million from a prior loss [3]. - The digital financial services division, Monee, reported revenues of $787.1 million, up 57.6% year-over-year, driven by a 76.5% increase in loans outstanding to $5.8 billion [4]. - Garena, the digital entertainment segment, saw bookings of $775.4 million, a 51.4% year-over-year increase, with revenue growing 8.2% to $495.6 million [5]. Competitive Landscape - The launch of TikTok Shop in Brazil poses a significant competitive threat to Shopee, offering integrated shopping experiences and aggressive incentives [9]. - Shopee Live is facing challenges in Brazil due to limited awareness and a lack of local content creators, which may require investment to build the ecosystem [10]. Future Outlook - For 2025, the Zacks Consensus Estimate for revenues is $22.28 billion, suggesting a 31.53% year-over-year growth, with earnings estimated at $3.94 per share, indicating a 134.52% jump from 2024 [8].

Core Viewpoint - Cunard is celebrating its 185th anniversary with the "Sea of Glamour" exhibition, showcasing stories and photographs from guests around the world, highlighting the brand's rich history in luxury ocean travel [1][4][14]. Group 1: Exhibition Details - The "Sea of Glamour" exhibition will feature 185 curated images, including rare archive photos of Hollywood icons, musicians, and politicians, alongside guest-submitted photographs [2][9]. - The exhibition will be held at The Royal Liver Building in Liverpool from May 28, 2025, to June 17, 2025, before traveling aboard the Cunard fleet [8][10]. - An immersive audio storytelling experience and a sculptural installation called "Sails of History" will enhance visitor engagement [10]. Group 2: Curatorial Insights - The exhibition is curated by renowned photographer Mary McCartney, who emphasizes the importance of personal stories shared by Cunard guests [11][12]. - McCartney's work aims to capture the essence of glamour not just through celebrity images but through the shared experiences of all passengers [12]. Group 3: Company Background - Cunard, a luxury British cruise line, has been a leading operator of passenger ships since 1840 and is known for its fine dining, entertainment, and exceptional service [14][15]. - The company currently operates four ships: Queen Mary 2, Queen Elizabeth, Queen Victoria, and the newly launched Queen Anne, marking a significant expansion in its fleet [15].

Core Viewpoint - Coupang and Sea Limited, once popular growth stocks, are now being evaluated for their potential as turnaround plays in the current market environment [1][3]. Coupang Overview - Coupang operates South Korea's largest e-commerce platform and went public at $35 in March 2021, reaching an all-time high of $50.45 shortly after [2]. - The stock currently trades at approximately $27, having retreated from its peak due to slowed growth and rising interest rates [3]. - Coupang's active customer base grew from 14.9 million at the end of 2020 to 23.4 million in Q1 2025, with Wow subscribers increasing from 6 million in 2020 to 13 million in 2023 [6]. - The company has expanded its marketplace to Taiwan and acquired Farfetch to diversify beyond South Korea, achieving a revenue CAGR of 26% from 2020 to 2024 [7]. - Coupang turned profitable on a GAAP basis in 2023 and 2024, driven by higher-margin marketplace expansion and automation [8]. - Analysts project Coupang's revenue and GAAP EPS to grow at CAGRs of 13% and 130% from 2024 to 2027, respectively, with a current valuation of 1.4 times this year's sales [9]. Sea Limited Overview - Sea Limited, based in Singapore, operates Shopee, the leading e-commerce platform in Southeast Asia, and went public at $15 in October 2017, reaching a peak of $366.99 in October 2021 [2]. - The stock currently trades at around $163, facing challenges as growth has slowed and competition has intensified [3][12]. - Sea's strategy relied on Garena's gaming profits to subsidize Shopee's losses, but the gaming segment has faced setbacks, including the ban of Free Fire in India [11]. - Despite these challenges, Sea's revenue grew at a CAGR of 40% from 2020 to 2024, and it also turned profitable on a GAAP basis in 2023 and 2024 [14]. - Analysts expect Sea's revenue and GAAP EPS to grow at CAGRs of 20% and 97% from 2024 to 2027, with plans to enhance Shopee's features and expand into Vietnam [15]. Investment Comparison - Coupang is viewed as a more balanced investment with a cheaper valuation compared to Sea, which is heavily reliant on a single aging video game for profits [16]. - While Sea is growing faster, its higher forward price-to-sales ratio makes it less attractive than Coupang [16].

Core Insights - Louis Stevens is a highly regarded investment analyst with a background as a former U.S. Army engineer officer, holding an MBA and a BA in political science [1] - He has established L.A. Stevens Research, which includes the LAS Index, a stock basket selected through a proprietary investment method that has consistently outperformed market indices since its inception [2] Company Overview - L.A. Stevens Research is focused on providing investment research and analysis, catering to a diverse audience from beginners to seasoned professionals [2] - The LAS Index is a key product of the company, showcasing a selection of stocks that have demonstrated superior performance compared to traditional indices [2]

Core Viewpoint - Sea Ltd (NYSE:SE) is experiencing a significant rally, recently reaching a three-year high of $165.31, with current trading at $162.51, following support at the $100 level [1]. Group 1: Stock Performance - The stock has shown a strong upward trend, hitting a peak amid low implied volatility, with a Schaeffer's Volatility Index (SVI) of 35%, which is in the 6th percentile of its annual range [2]. - Historical data indicates that after similar low volatility conditions, the stock was higher one month later 83% of the time, with an average gain of 8.7%, suggesting potential for further price appreciation [2]. Group 2: Earnings and Analyst Ratings - Following a positive first-quarter report, Sea Ltd achieved its sixth consecutive post-earnings win, attracting bullish attention [4]. - Among the 21 analysts covering the stock, five maintain a "hold" rating, indicating potential for upward price target adjustments if the stock continues to rally beyond the 12-month consensus price target of $173.40 [4].

I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMZN either through stock ownership, options, or other derivatives. I wrote this article myse ...

With U.S. stocks rebounding sharply and reclaiming high valuation multiples, I continue to find it prudent to allocate a larger percentage of my portfolio toward international stocks. And though international plays are largely focused on value, we also shouldn't ignore the fantastic growth storiesWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the t ...

Sea Limited (SE -1.97%) is home to the largest e-commerce platform in Southeast Asia, but it also operates one of the world's most successful mobile game development studios and a booming digital financial services business. The company is based in Singapore, so it's somewhat insulated from the rising global trade tensions that center around the U.S., triggered by President Donald Trump's "Liberation Day" tariffs. Here's why investors should buy Sea Limited stock while it's still below its record level. A t ...

Key Insights - The report indicates that the intersection of financial reports and macroeconomic improvement is evident, with April's overall industry prosperity index continuing to decline but at a slower rate [1] - The sectors showing potential for growth include TMT components such as storage chains, communication equipment, computer devices, and software development [1] - Certain manufacturing industries are reportedly surpassing capacity cycle inflection points, with signs of demand stabilization, particularly in military electronics, aviation equipment, general machinery, agricultural machinery, batteries, wind power equipment, and photovoltaic equipment [1] - Consumer staples and discretionary goods are experiencing a recovery in prosperity rates, including dairy products, dining-seasoning products, and personal care items [1] - Price increases or stabilization is noted in some cyclical goods, including precious metals, rare earths, steel, and cement [1] Company-Specific Insights - Tencent Holdings reported a 13% year-on-year revenue growth in Q1, exceeding consensus expectations by 2.5%, with value-added services, advertising, and fintech revenues growing by 17%, 20%, and 5% respectively [2] - The adjusted net profit attributable to shareholders increased by 22% year-on-year, also surpassing expectations by 2.5% [2] - Capital expenditures for Q1 reached 27.5 billion, aligning with the company's capex progress, which is expected to account for 11-13% of revenue in 2025 [2] - The long-term outlook for Tencent's gaming operations remains positive, with the WeChat mini-store expected to drive growth in commissions and advertising [2] Additional Company Insights - SEA's Q1 revenue was reported at $4.84 billion, reflecting a year-on-year increase of 29.6%, slightly below the consensus expectation of 31.2% due to deferred gaming revenue and lower-than-expected e-commerce revenue [5] - Adjusted EBITDA for SEA was $0.95 billion, outperforming the consensus estimate of $0.7 billion [5] - Management maintains a 20% growth guidance for e-commerce GMV in 2025, with expectations for double-digit growth in active users and bookings in the gaming segment [5]

Core Insights - Tiger Global's total market value for Q1 2025 reached $26.6 billion, a slight increase from $26.5 billion in the previous quarter, reflecting a quarter-over-quarter growth of 5.36% [1][2] - The fund added 5 new stocks to its portfolio, increased holdings in 14 stocks, reduced holdings in 2 stocks, and completely exited 9 stocks during the quarter [1][2] - The top 10 holdings accounted for 62.74% of the total portfolio value [1][2] Holdings Overview - The largest holding is Meta (META.US) with approximately 7.47 million shares valued at about $4.3 billion, representing 16.18% of the portfolio [2][3] - Microsoft (MSFT.US) is the second-largest holding with around 6.24 million shares valued at approximately $2.3 billion, which is 8.81% of the portfolio, showing a 16.78% increase in shares from the previous quarter [3][4] - Other significant holdings include Sea (SE.US), Google (GOOGL.US), and Amazon (AMZN.US), with respective portfolio percentages of 7.87%, 5.99%, and 4.71% [3][4] Trading Activity - The top five new purchases included Applovin (APP.US), Zillow-C (Z.US), GE Vernova (GE.US), Block (XYZ.US), and Zillow-A (ZG.US) [4][5] - The top five sold-out positions were Apollo Global Management (APO.US), Qualcomm (QCOM.US), Uber (UBER.US), Datadog (DDOG.US), and Atlassian (TEAM.US) [5][6] - The turnover rate for the portfolio was 25.93%, indicating a relatively active trading strategy [2]