SEA Ltd, like many conglomerates, seems to be an elusive & hard to comprehend stock. From an all time high of $372.70 to the current depressed share price of $70.33, SEA is indeed worth a serious consideration to many buy and hold investor.

The top potential segments of SEA is probably the e-commerce(Shopee), and digital gaming(Garena).

1. Shopee is probably the most important business of SEA. The e-commerce market's potential is vast, and Shopee's will to expand beyond Asia is evident. Not to mention Shopee still has potential to tap into the digital payment/wallet market, as well as "Buy now pay later". A personal preference for Shopee's e-wallet ShopeePay is that it should remove the $1 topup fee via credit/debit card. Another suggestion is that it can reward Shopee coins (acting as interest) to users for their funds stored in Shopee e-wallet. This is akin to rewarding coins to Shopee users for playing the many Shopee mini games.

2. Garena is a pleasantly suprising & successful e-gaming brand in Singapore. Although on first look, the connection between Shopee & Garena seems low, but there can be good synergy between the two. For example, the excellent gaming concepts by Garena can be applied on the Shopee's mini games, or even to the extend of developing a large "non-mini" game within Shopee's platform.

SEA will emerge into a giant monster- a game or reality? Time will tell.

@TigerStars