Edmond Safra’s EMS Capital’s Top 5 Stocks

3. Sea Limited (NYSE:SE)

EMS Capital’s Stake Value: $109,854,000

Percentage of EMS Capital’s 13F Portfolio: 8.60%

Number of Hedge Fund Holders: 104

Sea Limited (NYSE:SE) is a well-known company from Singapore, operating three digital businesses, offering entertainment, financial services, and e-commerce via its platforms, namely Garena, SeaMoney, and Shopee. EMS Capital owns 400,050 shares in Sea Limited (NYSE:SE), amounting to $109.85 million, representing 8.60% of the firm’s Q2 portfolio. Sea Limited (NYSE:SE) is a top stock pick of Edmond Safra’s EMS Capital. 

As of the second quarter of 2021, 104 hedge funds tracked by Insider Monkey were long Sea Limited (NYSE:SE), up from 98 in the first quarter. 

Jiong Shao from Barclays, on November 2, kept an Overweight rating and a $427 price target on Sea Limited (NYSE:SE). Shao argues that China has a dominant technology sector that is fully backed by the government, and as the second largest economy in the world, Chinese companies cannot be overlooked when it comes to investment decisions. Sea Limited (NYSE:SE) is also the leading e-commerce platform and online game developer in Southeast Asia. 

Here is what Tao Value has to say about Sea Limited (NYSE:SE) in its Q2 2021 investor letter:

“Sea continued to execute above expectation. The gaming business continued strong momentum, recording bookings of $1.1 billion, growing 117% y-o-y. The major franchise Free Fire showed no sign of slowing down in the established ASEAN & LatAm market and received positive reception from new markets like the US. On the e-commerce side, Shopee demonstrated early success in expanding to Brazil, by adopting a low-price category & gamification strategy. For 2021, Shopee is now the top downloaded e-commerce app in Brazil, almost 2x of the second-place local leader Mercado Libre (MELI). I also see the most promising development is in its FinTech business – SeaMoney, which more than doubled its revenue in Q1 2021 from the previous quarter! With online lending products rolling out, SeaMoney is poised to grow rapidly, becoming the 3rd growth curve for Sea.”