Sea Ltd ADR

SE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Sea: Fair Value Estimate Cut 17% Due to Higher Expenses in Shopee and Monee

Chelsey Tam

Oct 25, 2026

Sea launched ShopeeVIP+ bundled with Netflix in Indonesia, Thailand and the Philippines. Meanwhile, in Brazil, the firm expanded Shopee's credit portfolio by 183% year-on-year across two securitization vehicles in September.

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Sea Ltd ADR

Sea: Fair Value Estimate Cut 17% Due to Higher Expenses in Shopee and Monee

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