10 Best Foreign Stocks to Buy According to Billionaires

7. Sea Limited (NYSE:SE)

Number of Billionaire Investors: 17

Value of Billionaire Holdings: $2.44 billion 

Sea Limited (NYSE:SE) is a Singapore-based company operating in digital entertainment, e-commerce, and financial services across Southeast Asia, Latin America, and beyond. It operates multiple platforms: Garena for gaming, Shopee for online shopping, and SeaMoney for payments and credit services. On February 21, the company partnered with OpenAI to enhance Shopee’s shopping experience with AI. As a launch partner for OpenAI’s Operator in Southeast Asia and Brazil, Shopee will refine the AI agent to make online shopping more intuitive. It is one of the best foreign stocks to keep an eye on.

On March 7, Barclays raised Sea Limited (NYSE:SE)’s price target to $182 from $148, keeping an Overweight rating on the shares. The stock has jumped 134.5% in the past year. Barclays analysts observed that Sea’s e-commerce business grew 23.5% year-over-year in Q4, beating expectations by 7.7%. Revenue increased by 28.75% during the fourth quarter, and e-commerce profits were 70% higher than expected. Additionally, the company’s goal of reaching a 2-3% profit margin now seems within reach, with 20% GMV growth expected in 2025.

In 2024, Sea’s three business segments bounced back to strong double-digit growth and surpassed expectations. It was also the company’s second straight year of profitability, with each division reporting positive adjusted EBITDA. Shopee had an especially strong year, with GMV soaring 28% year-over-year to exceed $100 billion. The platform turned a profit in both Asia and Brazil, and the company is confident about sustaining this momentum. Sea’s digital financial services also took off, with its loan book growing over 60% year-over-year to more than $5 billion by the end of 2024, making it one of the biggest consumer lending businesses in Southeast Asia. Garena’s growth was led by Free Fire’s big comeback, with the game’s annual bookings increasing 34% year-over-year. Sea expects both user numbers and bookings to keep growing at a double-digit pace in 2025. By the end of 2024, the company had $10.4 billion in cash and investments, adding $478.6 million in the last quarter.