Grab: What an Enigma
I'm just going to share my observations today. I'm not recommending you to buy Grab (that's a decision you must make yourself).
I've been observing the stock the last few days and indeed, it is at its lowest at $2.63 on 28 Apr. After that, it rose and stayed at around $2.95 -$3.00, even with the volatile market. I am very much tempted to buy a couple of lots every few weeks. This is because the downside of risk is very small. I suppose this is what they call a penny stock. However, it's upside over the next few years looks to me as very tremendous. I've wrote a couple of articles extolling the opportunities not only in its food and goods delivery but the greater opportunity in its finance sector, having secured licenses in both Singapore and Malaysia.
With this immense upside and growth opportunity, it represents a chance to buy and see it grow. I'm not sure why it isn't falling as much as the other growth stock but I'm willing to take the risk. Let's talk about this later this month to see if the stock performed well after the rate hikes.
What do you think?
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avoid at all cost!