The fundamentals of SEA really depends on how Delta plays out in Southeast Asia

The fundamentals of SEA really depends on how Delta plays out in Southeast Asia, apart from tapering. If Delta or any other variant last far longer, then people will keep buying goods online and play games on mobile because they spend longer time at home.

If this dissipates quickly or vaccination speeds up, then revenue growth will slow down pretty fast.

But tapering will be here regardless, so Delta will shape the magnitude, i.e., how far and how soon the fall will go but not the direction.$Sea Ltd(SE)$