Sea Limited is not going to have good earnings, in my opinion.
I live in Thailand. The economy could hardly be any worse.
Homelessness is on the rise. Many have fled Bangkok to go back to the village where they come from to stay with their parents. Have literally had several begging for me to give them bus fair (to go home).
I have waitresses in my messenger telling me they are out of work and they didn't eat yesterday, and are hungry.
Hookers offering "everything" for 500 baht. Christ, even 10 years ago you'd get slapped if you offered that. Such desperation.
Bars n restaurants offering really good food n drink deals just to get customers. My friend told me they were selling gin n tonics for 20 baht in Phuket, which is unbelievable.
Things are way worse than 6 months ago. There is no social security here in general, but what covid stimulation the Thais were getting was halved a while back and I think is drying up now.
So many businesses closed. Personal debt is rising.
Immigration offering special visas for foreigners who buy a condo, special tourist visas to those who qualify. They are really on their knees.
I am guessing it is similar in Indonesia and the other places SE operates. Maybe not Singapore, I dunno.
I reckon the next few months are gonna be bad til we get the vaccine, May, I think.
We have just had a fresh breakout in covid recently too.
I just don't see people using Shoppee for a while cos it is mostly luxury items they sell, not daily necessities.
Food deliveries, like Grab, are still doing great though.
Submitted December 27, 2020 at 10:28PM by throwawayyourdukkha https://ift.tt/3rwW3F4
