The best performing stock on the S&P 500 $SPX500 since March is Freeport-McMoran (which I own by the way) but if Sea $SE was on the index, then it would have been the best performer. Sea Limited is a company based in Singapore and is known as the Amazon of South East Asia $AMZN .
In the last 5 years, revenues grew by 70% per year. Sea Limited has two business segments, Shopee and Garena. Shopee is the ecommerce business while Garena is a video game publisher. Garena is the only profitable business segment for the time being although Shopee is growing at a faster rate. The main competitor of Shopee is Lazada, owned by Alibaba $BABA .
Sea Limited has a good balance sheet for the time being but their main problem is that they are losing money. Even though this year their business boomed because of the pandemic, there is no certainty that they could maintain that without being profitable.
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