5 Best Asian Stocks to Buy Now

In this article we discuss the 5 best Asian stocks to buy now. If you want to read our detailed analysis of these companies, go directly to the 10 Best Asian Stocks to Buy Now.

5. Sea Limited (NYSE: SE) 

Number of Hedge Fund Holders: 98 

Sea Limited (NYSE: SE) is a Singaporean internet company, mainly operating in gaming, digital payments, and e-commerce. The company owns Garena, a global online games developer. In its Q1 2021 reports, Sea Limited (NYSE: SE) announced a 146.7% year-on-year growth in its revenue at $1.8 billion. The digital sector of the company generated over $781.3 million in revenues, showing 111.4% growth year-on-year. 

The BofA has rated the SE stock as a ‘Buy’, raising the target price to $340 from $260. 

As of Q1 2021, 98 hedge funds, tracked in our database, own stakes in Sea Limited (NYSE: SE), worth $10.4 billion. 

ClearBridge Investments recently published its Q1 2021 investor letter and mentions Sea Limited (NYSE: SE) in it. Here is what the investment management firm has to say: 

“Singapore-based Sea maintains leading positions in Southeast Asia in video games and e-commerce and operates an emerging digital payments and banking business. While the company is investing heavily into e-commerce and payments, this growth is being funded by its highly profitable gaming segment. We see a long runway for growth across Sea’s businesses with multiple opportunities like e-commerce expansion in Latin America not fully factored into the valuation today. The company also has a well-respected management team that has successfully executed in expanding its total addressable market. Along with existing holding Alibaba, Sea provides exposure to secular growth trends in emerging markets that are harder to replicate through U.S. stocks.”