Sea Ltd

Apisit Sunthornchookiat, Chief Executive Officer of Origin Verticle Corporation, part of Origin Property Public Company Limited, or ORI, said the company remains confident this year's performance will meet its target even as the property market slows amid economic volatility, weakening purchasing power, and a loan rejection rate still above 40%. Its final-quarter strategy will push sales more heavily through social platforms and e-commerce channels including Lazada and Shopee. At the end of September it will hold a livestream and campaign on Lazada, targeting 200 million baht in sales, with Girls Love actors from GMMTV appearing on the livestream to sell. In mid-October it will present ready-to-transfer projects at the House and Condo Expo, along with a major campaign to clear stock. For 2027, the company hopes to see the market recover late in the year, with new projects focused on key tourist cities such as Phuket, Rayong, and Pattaya, and it will also pursue joint investments with landowners. The So Origin Siriraj condominium project, valued at 1.3 billion baht, has sold out; 40% of units have been transferred so far, and it will accelerate transfers to reach 100% in October. In the fourth quarter of 2026, the newly completed So Origin Bang Tao Beach project will be ready, with one more project preparing for transfer, having already sold about 70%.

Billionaire value investor Howard Marks' Oaktree Capital disclosed a new position in Sea Limited worth about $60.9 million. Sea, a Southeast Asian tech company operating the Shopee e-commerce platform, the Monee fintech arm, and the Garena games business, saw its stock fall about 30% over the past year. The company's latest earnings showed revenue rising 48% year over year, with Shopee revenue up 49% and management expecting Shopee to clear $1 billion in adjusted profit for the full year. Monee revenue rose 59% with a loan book growth of about 62% and bad loans at 1% of total, while Garena bookings rose 15% and profit grew 17%. The stock trades near 33 times forward earnings, and the company faces competition from TikTok Shop, Amazon, and MercadoLibre, as well as currency headwinds from emerging-market currencies.

Amazon is scaling back its retail business in Southeast Asia after finding that its e-commerce market share in the region is below 0.3%. It has ended its Fulfillment service and closed Amazon Fresh in Singapore, the region's economic hub. The main reason is the aggressive use of a centralized, one-size-fits-all model that does not fit ASEAN's fragmented and complex infrastructure. Meanwhile, local competitors such as Shopee, Lazada, and TikTok Shop use localization strategies and understand consumer behavior focused on value for money, local products, and entertainment experiences. As a result, Shopee has gross merchandise value in the tens of billions of US dollars, far ahead of Amazon, which achieved only about 400 million US dollars. However, Amazon is not withdrawing entirely. Instead, it is shifting ASEAN's role from a consumer market to a production and export base, especially in Vietnam, where it supports local entrepreneurs in exporting goods through its platform.

Sea Limited used its Q2 2026 earnings call to emphasize a balance between investing in Shopee growth and improving unit economics. Revenue of $7.8 billion beat the Zacks Consensus Estimate of $7.34 billion, while reported earnings of $0.86 per share missed the $1.00 estimate. CFO Hou Tianyu said Shopee remains on track for full-year GMV growth of around 25%, and CEO Forrest Li reiterated the goal of more than $1 billion in Shopee adjusted EBITDA for 2026. Li also said Shopee ad revenue rose more than 70% year over year and ad take rate improved by more than 90 basis points, while Monee's loan book reached $11.1 billion with a 90-day nonperforming-loan ratio of 1%. Garena announced Palworld Online and Monster Hunter Outlanders as part of a broader game pipeline.

Sea Limited reported second-quarter 2026 revenue of US$7.80 billion, exceeding analyst expectations, driven by its Shopee e-commerce platform and Monee digital financial services, while earnings per share of US$0.86 fell short of forecasts. The company has a US$1.0 billion share buyback authorization in place and had repurchased approximately US$182.9 million of stock by March 2026. The results highlight the ongoing balance between Shopee and Monee monetization and the reinvestment needed to defend market share in e-commerce and digital finance.

Visa has partnered with ShopeePay to officially launch Visa Payment Passkey in Thailand, allowing consumers to verify online transactions using their fingerprint, face, or device PIN, eliminating the need for passwords or OTPs. The feature will initially be available on the Shopee platform, one of the country's leading e-commerce platforms. Eligible Visa cardholders can activate it upon receiving a notification and complete payments with participating merchants in four simple steps. Biometric data is securely stored only on the device and is never transmitted externally. Anthony Watson, Visa's Country Manager for Thailand, stated that Visa Payment Passkey marks a significant step in payment authentication, benefiting consumers, merchants, and financial institutions alike. Meanwhile, Supavit Hongamornsilp, Chief Executive of Money Thailand, said the collaboration enhances security and convenience in identity verification across the entire ShopeePay ecosystem.

StockStory identified Sea, Dick's Sporting Goods, and Super Micro Computer as three growth stocks with significant upside potential. Sea reported one-year revenue growth of 39.3%, driven by a 22.7% annual increase in paying users and a 12.6% annual rise in average revenue per user, while its free cash flow margin expanded by 18.4 percentage points. Dick's posted one-year revenue growth of 41.2%, supported by a 3.6% average same-store sales growth over two years and projected revenue growth of 17.2% for the next 12 months. Super Micro achieved one-year revenue growth of 56.2%, with annual revenue growth of 68.9% over two years and earnings per share growing 57.5% annually over five years, backed by $33.7 billion in revenue.

Betagro has launched a new business, Dishdash, a full-service standard delivery kitchen for small and medium-sized restaurant operators. The first kitchen is located in the Yen Akat area, one of the highest delivery order zones in Bangkok. Operators can use the service for a monthly fee, reducing investment burdens and kitchen management, with a professional team and a complete restaurant operating system. Current restaurant partners include Yong Seng Lee, Sukiyaki Boran, Tang Fu Mala, and Lan Por Neua Tom. Consumers can order via Grab, Lineman, and Shopeefood. There is also Dishdash Box, a premium snack and boxed meal service for corporate customers, starting at 69 baht.

Sea Limited's most-followed analyst narrative pegs the stock's fair value at $140.50 per share, implying a 25.8% upside from its recent close of $104.23. The bullish view is driven by accelerating mobile internet adoption and rising youth digital literacy in Southeast Asia and Brazil, which are fueling user growth across Shopee, Monee, and Garena. This narrative projects robust double-digit revenue growth and expanding total addressable market, using an 8.63% annual discount rate and above-industry earnings multiples. However, the stock trades at about 39.8 times earnings, above the global Multiline Retail industry's 18.9 times and a fair ratio of 33.5 times, signaling richer pricing and less margin for error. Sea's shares have gained 19.34% over the past month but remain down 20.73% year to date.

Monster Beverage, Sea Limited, and Coupang are identified as long-term growth stocks with strong market positions and growth prospects. Monster Beverage holds a 29.7% share of the U.S. energy drink market and reported 2023 revenue of $7.1 billion, up 13.1% year over year, with net income surging nearly 37% to $1.6 billion. Sea Limited operates Garena, Shopee, and SeaMoney, with Shopee leading Southeast Asian e-commerce with a gross merchandise value of $47.9 billion, and the company achieved its first annual profit since its 2017 IPO with net income of $150.7 million in 2023. Coupang is the leading e-commerce provider in South Korea with a 22.5% market share as of 2022, turned profitable in 2023 with net income of $1.4 billion on sales of $24.4 billion, and recently acquired Farfetch Holdings to enter the global luxury goods market.

Sea Limited's sponsored ADR climbed 8.8% as investors responded to analyst upgrades lifting earnings per share and revenue growth expectations ahead of its upcoming earnings release. The revisions reinforce optimism around Sea's e-commerce, fintech, and gaming ecosystem, though the company still faces risks from intense regional competition that could pressure margins. Since late 2025, Sea has repurchased about 1.9 million shares for roughly US$182.9 million, adding a modest support to the narrative. Consensus projections see Sea reaching US$43.9 billion in revenue and US$3.9 billion in earnings by 2029, implying 20.3% annual revenue growth and a US$2.3 billion earnings increase from the current US$1.6 billion. The most bullish analysts envision up to US$46.5 billion in revenue and US$4.8 billion in earnings, contingent on Shopee's logistics expansion succeeding.

Sea's paying users grew 22.7% annually to 72.6 million in the latest quarter, one of the fastest rates among consumer internet businesses. Average revenue per user rose 12.6% over the last two years, reflecting stronger monetization and higher user spending. Free cash flow margin expanded by 18.4 percentage points, reaching 20.7% over the trailing 12 months. The stock has fallen 26.2% over the past six months to $103.18, trading at 4.4 times forward price-to-gross profit.

StockStory highlights Sea, Fair Isaac Corporation, and ATI as quality compounders that consistently reinvest profits for growth. Sea has grown paying users by an average of 22.7% annually and expanded its free cash flow margin by 18.4 percentage points, trading at 3.9 times forward price-to-gross profit. Fair Isaac Corporation, known for the FICO Score, achieved 29.3% annual earnings per share growth and maintains a 34% free cash flow margin, trading at 23.4 times forward price-to-earnings. ATI, a producer of specialized materials for aerospace and defense, posted 11.1% annual revenue growth and expanded its free cash flow margin by 21.7 percentage points, trading at 43.4 times forward price-to-earnings.

MercadoLibre shares have fallen 38% from their all-time high as first-quarter operating income dropped to $611 million from $763 million a year earlier, despite a 49% jump in revenue. The profit decline stems from increased competition in Brazil, its largest market, from Sea Limited's Shopee, PDD Holdings' Temu, and Amazon, prompting MercadoLibre to lower its free shipping threshold to defend market share. The company is also investing in cross-border trade with merchants in China and the U.S., opening its first fulfillment center in China, while its credit portfolio grew 87% to $14.6 billion and it issued 2.7 million MercadoPago credit cards. Management views the margin compression as temporary, prioritizing long-term growth over short-term profits, and notes that the average Latin American makes just seven online purchases a year compared to 41 for the average American, signaling a long runway for e-commerce expansion.

Sea Limited is the preferred media stock over Magnite for growth-oriented investors in 2026, according to a Motley Fool analysis. Magnite, a sell-side advertising platform focused on connected TV, reported fiscal 2025 revenue of nearly $714 million and net income of approximately $144.6 million, but faces risks from customer concentration with two buyers accounting for 44% of revenue and intense competition from Alphabet and Amazon. Sea operates a massive ecosystem across e-commerce, gaming, and fintech, generating roughly $22.9 billion in revenue and nearly $1.6 billion in net income in fiscal 2025, with a lower debt-to-equity ratio of 0.3x and strong free cash flow of close to $4.5 billion. While Magnite trades at a lower forward P/E of 16.9x and a price-to-sales ratio of 3.6x, Sea commands a higher premium with a forward P/E of 26.0x and a P/S ratio of 2.5x, reflecting its aggressive growth profile. The analysis favors Sea for its scale, diversified growth engines, and expanding institutional interest, despite ongoing profitability work.

Sea is integrating artificial intelligence tools into user engagement, risk management, and content personalization across its e-commerce, digital financial services, and gaming platforms. Stanley Druckenmiller's Duquesne Family Office has disclosed a position in the company, signaling that some large investors are paying closer attention to how Sea applies AI across its ecosystem. The focus is on how these technologies are being embedded into the core of each business line rather than treated as side projects. Key questions include how AI usage may influence Sea's competitive position and what that could mean for risk, capital allocation, and business mix over time.

Consumer internet stocks reported a satisfactory first quarter, with aggregate revenues beating analyst consensus estimates by 1.2% while next-quarter revenue guidance came in 0.6% below expectations. Airbnb posted revenue of $2.68 billion, up 17.9% year on year and exceeding estimates by 2.2%, alongside an impressive EBITDA beat and above-consensus revenue guidance. Sea delivered the strongest performance among peers, with revenue of $7.33 billion, up 43.2% year on year and topping estimates by 10.1%, driven by solid user growth to 72.6 million. Shutterstock was the weakest, with revenue of $199.2 million, down 17.9% year on year and missing estimates by 10.1%, accompanied by a significant EBITDA miss. Revolve reported revenue of $342.9 million, up 15.6% year on year and beating estimates by 4.2%, while Etsy posted revenue of $631.3 million, up 3.1% year on year and exceeding estimates by 2.4%. On average, share prices across the 46 tracked consumer internet stocks have declined 3.2% since the latest earnings results.

The social commerce market in the Philippines is projected to reach US$28.77 billion in 2026, growing at an annual rate of 11.7%. The market recorded a compound annual growth rate of 13.1% between 2022 and 2025, and is expected to maintain a CAGR of 10.2% from 2026 to 2031, potentially expanding to approximately US$46.68 billion. Key developments include YouTube Shopping's launch with Shopee, enabling creators to tag products in videos, and TikTok Shop's 'Live to Shine' training program for sellers. Regulatory moves such as the Internet Transactions Act and the E-Commerce Philippine Trustmark are formalizing the sector, while digital payment infrastructure from BSP and GCash supports merchant onboarding. TikTok Shop, Shopee, and Lazada are positioned as leading players in the evolving competitive landscape.

The 12 online marketplace stocks tracked by StockStory reported a satisfactory first quarter, with aggregate revenues beating analysts' consensus estimates by 1.8% and next-quarter revenue guidance coming in 0.5% above expectations. eBay posted revenues of $3.09 billion, up 19.5% year on year and exceeding estimates by 1.7%, though its EPS guidance slightly missed. Sea delivered the strongest performance, with revenues of $7.33 billion, a 43.2% increase that beat estimates by 10.1%, while Shutterstock was the weakest, with revenues of $199.2 million, down 17.9% and missing estimates by 10.1%. MercadoLibre recorded the fastest revenue growth among peers at 49% to $8.85 billion, and Teladoc reported revenues of $613.8 million, down 2.5% but beating estimates by 0.5%. Share prices of the group have held steady, up 3.1% on average since the latest earnings results.