10 Best Emerging Markets Stocks to Buy According to Hedge Funds

3. Sea Limited (NYSE:SE)

Number of Hedge Fund Holders: 86

​​Sea Limited (NYSE:SE), based in Singapore, is a global consumer internet company operating three primary businesses: Garena, Shopee, and SeaMoney. Garena focuses on digital entertainment, offering online games and developing titles like “Free Fire.” Shopee is an e-commerce platform providing a mobile-centric marketplace with integrated payment and logistics services. SeaMoney offers digital financial services, including mobile wallets and payment processing. SE has a strong presence in emerging markets like Southeast Asia, Taiwan, and Latin America.

Sea Limited (NYSE:SE) delivered a strong performance in 2024, with all three of its core businesses reporting double-digit growth and positive adjusted EBITDA. Shopee, the company’s e-commerce platform, surpassed $100 billion in gross merchandise value (GMV) and processed over 10 billion orders during the year. The digital financial services segment also performed well, generating $2.4 billion in revenue and over $700 million in adjusted EBITDA – both up more than 30% YoY. SE maintained its leadership position across seven Asian countries and Brazil, which makes it one of the best emerging markets stocks to consider now

Sea Limited (NYSE:SE)’s digital entertainment division (Garena), experienced a notable rebound in 2024, driven by the strong performance of Free Fire. The game’s bookings increased by 34% YoY, helping it retain its status as the world’s most-played mobile game by average daily active users. Looking ahead to 2025, management anticipates continued momentum. Shopee’s GMV is expected to grow around 20%, the loan book is projected to expand at an even faster pace, and Garena is forecasted to deliver double-digit growth in both its user base and bookings.