Company Performance - Sea Limited Sponsored ADR closed at $95.85, reflecting a -0.64% change from the previous day, underperforming the S&P 500's daily loss of 0.21% [1] - The stock has increased by 23.76% over the past month, outperforming the Computer and Technology sector's gain of 9.62% and the S&P 500's gain of 5.94% [1] Upcoming Financial Results - The company is expected to report an EPS of $0.59, representing an increase of 883.33% from the same quarter last year [2] - Revenue is anticipated to be $4.08 billion, indicating an 18.06% increase from the prior-year quarter [2] Annual Estimates - For the annual period, earnings are projected at $2.01 per share, reflecting a 47.79% increase year-over-year, with revenue expected to reach $16.32 billion, signifying a 25.67% increase [3] Analyst Estimates - Investors should monitor changes in analyst estimates, as positive revisions are often indicative of favorable business trends [4] - The Zacks Rank system, which incorporates estimate changes, provides a rating system for actionable insights [5] Zacks Rank and Valuation - Sea Limited Sponsored ADR currently holds a Zacks Rank of 3 (Hold), with no changes in the consensus EPS estimate over the past month [6] - The stock is trading at a Forward P/E ratio of 47.99, which is a premium compared to the industry average Forward P/E of 31.19 [7] Industry Context - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 69, placing it in the top 28% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

Group 1 - The market in 2024 has seen significant disparities, with Sea (NYSE: SE) categorized as a big winner, highlighting its strong performance in the internet conglomerate sector [1] - Sea is often compared to Amazon, indicating its substantial influence and growth potential within the technology and e-commerce landscape [1] Group 2 - The article reflects the author's long position in Sea shares, suggesting a positive outlook on the company's future performance [2] - The author's background includes extensive experience in technology companies and advising startups, which may provide valuable insights into industry trends affecting Sea [1]

东南亚电商的增长远没有到头，甚至只是开始。 文丨陈晶 编辑丨管艺雯 东南亚电商市场的战事永不停，新故事正在浮现。 三家中国公司都选择了和本地企业合作：Shein 正和 Shopee 洽谈合作；基于 TikTok 的前车之鉴，Tem 正尝试和一家印尼本地电商企业洽谈入股，Temu 官方否认了该说法；今年初，TikTok 刚刚花费 8.4 亿美 元控股了印尼第二大电商平台 Tokopedia。 我们了解到，Shein 集团孵化的美妆品牌 Sheglam 正在和 Shopee 洽谈入驻事宜；今年 5 月前后，Shein 还 曾与 Lazada 商议开设服饰奥特莱斯频道，但目前仍未落地。 一位 Shopee 人士说，Temu 是它们内部目前最关注的对手，因其 "弹药充足，充满变数"。自 2023 年 8 月 开始，Temu 已先后进入马来西亚、菲律宾、泰国，近日又进入了越南、文莱，整个市场还剩印尼、新加 坡两国未进 —— 印尼是东南亚最大的市场，但 Temu 尚未获准进入。 东南亚市场原有的三位头部玩家都已经、或将要盈利。市场第一名 Shopee 母公司 SEA 在 2023 年实现了创立 15 年来首次年度盈利；L ...

Sea Limited Sponsored ADR (SE) ended the recent trading session at $95.99, demonstrating a +0.89% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.9% for the day. Meanwhile, the Dow experienced a rise of 0.81%, and the technology-dominated Nasdaq saw an increase of 1.22%. Prior to today's trading, shares of the company had gained 20.86% over the past month. This has outpaced the Computer and Technology sector's gain of 5.76% and the S&P 500's ga ...

Eni SpA (E) Italy's energy giant has merged its UK upstream oil and gas assets with Delek Group's Ithaca Energy, excluding East Irish Sea and carbon capture, utilization and storage activities. On Thursday, Ithaca Energy finalized a £754 million all-share deal to acquire nearly all of Eni's UK oil and gas production assets, establishing one of the largest independent energy companies in the North Sea. Following this merger, the newly expanded Ithaca Energy now holds stakes in six of the UK's ten largest oil ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Sea Limited. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Core Viewpoint - Sea's Q2 2024 results exceeded expectations, with a 23% year-over-year revenue growth and a 12% EBITDA margin, indicating a strong recovery and growth momentum across its business segments [3][4][16] Financial Performance - Total revenue for Q2 2024 reached $3.2 billion, surpassing the consensus estimate of $3.1 billion, with adjusted EBITDA expected to increase by 65% year-over-year to $1.95 billion for the full year [4][16] - The e-commerce division, Shopee, reported a 32% revenue increase year-over-year, supported by a 24.5% growth in Gross Merchandise Value (GMV) [6][16] - The digital financial services segment saw a 39% increase in its gross loan book to $3.5 billion, with active users growing by 58% to 21 million [10][11][16] E-commerce Segment - Shopee is projected to achieve EBITDA breakeven by Q3 2024, driven by operational efficiencies and international expansion [6][16] - The company has raised its GMV growth guidance to the mid-20% range for 2024, reflecting confidence in sustained growth [6][16] - Shopee's operational efficiency is highlighted by a 70% on-time delivery rate in Asia and an 8% reduction in costs per order [7][16] Gaming Segment - Garena's performance was mixed, with a 21% increase in active paying users to 53 million, despite a decrease in time spent playing its flagship game, Free Fire [8][16] - The company plans to leverage AI-based tools to enhance game development efficiency [8][16] Financial Services Segment - The digital financial services segment's growth is driven by strong lending activity, both on and off the platform [10][11] - The segment's performance indicates improving commercial dynamics, with significant growth in both the loan book and active customer base [10][11][16] Valuation Update - Following the strong earnings momentum, the fair implied target price for Sea's stock is updated to approximately $62, reflecting a doubling from the previous estimate of $27 [13][16] - The updated EPS estimates for 2023, 2025, and 2026 are $1.9, $3.3, and $4.4 respectively, aligning closely with analyst consensus [13][16]

Core Insights - Sea Limited is experiencing a significant recovery, with its stock approaching early 2023 highs, driven by improvements in its fintech and gaming businesses [4][10] - The e-commerce platform Shopee is on a path toward sustainable profitability, with management projecting adjusted EBITDA profitability by Q3 2024 and an upgraded GMV growth guidance to the mid-20% range [6][9] - SeaMoney, the fintech arm, has shown strong growth, with a loan portfolio increase to $3.5 billion, up nearly 40% year-over-year, indicating effective acquisition strategies [8] E-commerce Performance - Sea Limited's e-commerce revenue has seen a total change of 33.67% with a CAGR of 33.57%, accounting for nearly 75% of the company's revenue [5] - The company is focusing on improving its logistics and advertising capabilities, which has enhanced customer experience and monetization efforts [7][8] - Shopee's integration with logistics and fintech platforms is expected to provide a solid foundation for future investments and growth [8] Financial Metrics - Sea Limited's total revenue has increased by 22.97% with a CAGR of 22.90%, reflecting a strong recovery trajectory [5] - The company's valuation metrics indicate a forward adjusted PEG ratio of 0.83, nearly 40% below the sector median, suggesting it is not overvalued relative to its growth profile [9] Market Outlook - The stock has shown resilience, with a recent uptrend bias and potential for a breakout above early 2023 highs, supported by strong buying sentiments [10] - Despite the positive outlook, the company faces competitive pressures from players like Temu and TikTok, as well as potential regulatory scrutiny in key markets like Indonesia [9]

Core Viewpoint - Sea Limited (SE) has shown strong performance in FQ2'24, leading to a reiteration of the Buy rating due to robust revenue growth, improved guidance, and a favorable PEG ratio [1][2]. Financial Performance - SE reported revenues of $3.8 billion in FQ2'24, reflecting a 1.8% quarter-over-quarter (QoQ) increase and a 22.9% year-over-year (YoY) increase [2]. - Adjusted EBITDA was $448.5 million, up 11.8% QoQ but down 12% YoY [2]. - E-commerce gross orders reached 2.5 billion, showing a 3.8% QoQ decline but a 40.3% YoY increase [2]. Market Position - SE holds a leading e-commerce market share of 48% in Southeast Asia, with significant shares in key markets: Indonesia (40%), Thailand (49%), Vietnam (61%), and the Philippines (54%) [2]. - The company is experiencing growth in advertising revenues, contributing to a core marketplace revenue growth of $1.8 billion, which is up 5.8% QoQ and 41.4% YoY [2]. Growth Opportunities - Management has indicated "meaningful room" for expanding ad take rates, which are currently below industry averages in more mature markets [2]. - SE's R&D and marketing expenditures increased to $1.07 billion, up 37.8% YoY, aimed at enhancing ad bidding algorithms and improving returns on ad spend [2]. - The introduction of Live Ads has contributed to a 20% YoY growth in the advertising consumer base [2]. Future Guidance - SE expects Shopee to become adjusted EBITDA positive from Q3 2024 and has revised its full-year GMV growth guidance for 2024 to mid-20% [2]. - The consensus estimates project a CAGR of 16.1% for revenue and a CAGR of 77.6% for adjusted EPS through FY2026 [4]. Valuation Metrics - SE's forward non-GAAP P/E ratio is 41.70x, which appears high but is justified by a low PEG ratio of 0.53x, indicating a favorable valuation compared to peers [7][8]. - The projected adjusted EPS for FY2026 is $4.39, suggesting a potential doubling upside to a long-term price target of $183.00 [8].

■ 1 1 1 ur 018 ne I F 1 l i i ni 日 - kokkai Sea Limited (NYSE:SE) saw the strong trends in the first quarter continue into the second quarter, with all three businesses showing strong growth and improvement in profitability. Sea Limited continues to have an attractive business model, encompassing e-commerce, gaming and fintech. Management has been focusing on stabilizing and improving the business trends for the gaming business, while there continues to be a long runway for the e-commerce and fintech busine ...