Sea Group (SE) has performed well last year (up ~78%) and 158% YTD. Sea's outperformance has been driven mainly by its strong games portfolio which includes Free Fire, League of Legends, PUBG Lite, Speed Drifters etc, and rapid e-commerce growth in its Shopee business. Forward consensus P/S is ~5x which makes it "not cheap" but revenue growth is huge and is likely able to flow to positive earnings potentially in 2022-23E.
The company guided Digital Entertainment (games) adjusted revenue to grow ~82%-97% to US$1.2-1.3bn and eCommerce adjusted revenue to grow ~117%-127% to US$630-660mn.