Sea Limited shows strong Q1 growth in Shopee, Monee, and Garena, remains a strong buy despite margin pressures.

Sea Limited reported strong Q1 results with improved monetization in Shopee and significant profitability growth in Monee and Garena. Despite Shopee's guidance for over 25% year-on-year GMV growth, the company faces EBITDA margin pressure due to competitive discounting. The analyst remains confident in Sea Limited's operational improvements and views the stock as a strong buy, anticipating a market re-rating amid ongoing volatility.