I glad to see SE brought up on Saul’s board. I do not post much here because it is such an active board and I am always a couple days late to read and post anything. (just like this post). But I own many of the actively discussed stocks on this board. Like some I thought in my retirement I would be owning conservative dividend generating safe stocks. But with a HiTech background I just seem to easily do 20-30%+ gains per year and am having too much fun. Even at the bottom of the March crash, I was still well ahead since mid 2019. Now I am up YTD.
OK why are people not talking about Sea limited. Is it because it is based in Singapore? This stock IMHO is the MELI of South East Asia. I started buying SE in March and as of last week I have a full position. I kept wondering why SE was not being noticed on this board or even on the MF Premium stock board. Total silence. Hmmm lonely I am.
SE is focusing on mobile-first offerings, which is affordable in Southeast Asian culture. The cash flow from Garena gaming is used to build its mobile-first eCommerce Shopee. Shopee is now the dominant mobile e-commerce app in this region. Yes Alibaba backed Lazada is already there as a strong e-commerce competitor. But I think SE is in this market early enough with the cash to make this successful.
Sea Limited last year signed a 5-year exclusive deal with Tencent for their games. So we are not just gambling of the game success of SE Garena developed games.
So we have 100%+ growth with a strong cash flow and a growing TAM. I would like to hear some others chime in on their thoughts.
-zane
long SE