seekingalpha.com
Sea Limited: Buy The Dip, Shopee Competition Narrative Is Overblown
Sea Limited shares plunged ~15% post-earnings now trading ~50% below September highs, despite robust 38% y/y revenue growth and strong GMV expansion. I maintain a "Buy" rating on SE, viewing the selloff as overdone given its international reach, multiple scaling business arms, and expansion into new markets like Brazil. Shopee's 25% GMV growth guidance for FY26 is offset by flat adjusted EBITDA, raising profitability concerns amid intensifying competition in core markets.
