Sea Limited (SE -2.83%) is based in Singapore, and it serves the Southeast Asian market across three business segments: e-commerce, digital entertainment (gaming), and digital financial services.
Sea Limited (SE) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
EQNR, along with Var Energi and INPEX Idemitsu Norge, makes a new hydrocarbon discovery in PL 090, where it serves as the operator with a 45% stake.
Up 154% in 2024, Is Sea Limited Stock Still a Buy?
This Unstoppable E-commerce Stock Is Up 160% in 2024: Is It Still a Buying Opportunity?
SE Q3 results benefit from a solid uptick in E-commerce and Digital Financial Services businesses.
Shares of Sea jumped more than 10% after reporting Q3 results, driven by a surge in profitability in its e-commerce segment. Revenue growth also accelerated, especially as the company monetized more ads on Shopee and grew its substantial loan portfolio. Risks include gaming revenue softness, potential loan losses in a recession, and high valuation compared to peers, but the stock still has upside potential.
Sea Limited's (SE) U.S.-listed shares jumped Tuesday after the Singapore-based company posted better-than-expected sales on strong demand for its e-commerce and financial services.
Sea Limited (NYSE:SE ) Q3 2024 Earnings Conference Call November 12, 2024 7:30 AM ET Company Participants M.C. Koh - Director, IR Forrest Li - Founder, Chairman & CEO Tony Hou - CFO Conference Call Participants Pang Vitt - Goldman Sachs Alicia Yap - Citigroup John Choi - Daiwa Thomas Chong - Jefferies Divya Kothiyal - Morgan Stanley Rishabh Dhancholia - HSBC Ranjan Sharma - JPMorgan Sachin Salgaonkar - Bank of America Merrill Lynch Jiong Shao - Barclays Operator Good morning and good evening to all, and welcome to the Sea Limited Third Quarter 2024 Results Conference Call.
Although the revenue and EPS for Sea Limited (SE) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Sea Limited stock is up over 150% this year because the company managed to grow.
I recommend buying Sea Limited stock due to its strong growth potential in Southeast Asia, a rapidly expanding region with significant tech funding. Sea Limited, founded in 2019, operates Garena, Shopee, and Sea Money, competing with major global retailers like MercadoLibre, Alibaba, and Amazon. Southeast Asia's tech sector funding is comparable to China's, and Sea Limited's valuation suggests a big upside, supporting a buy recommendation.