Grab had the best year so far.
Announced share buyback. That's significant albeit not realised by some. Market are rule by sentiments, and hence.
I bought Grab shares before the announcement of share buyback. Didn't change much but it's focus on ride hailing and drivers earning less ain't a bad thing for the stock. It could mean lesser incentives for drivers.
Now the growth factors:
1) ASEAN focus and also presence.
2) share buyback could mean they will be paying dividends, and having stock means collateral can be use as loan. Shares and stocks are their currency anyways so more flexibility.
3) GxS bank with Singtel. Should be profit making as a bank in Singapore and giving our loans.
4) Owns transcab, could mean they have access to cheaper petrol for their drivers.
5) Regionally, they do have a presence and is the livelihood of many, and when they depend on grab. Grab can give less commissions.
Overall it's a share I will buy as once the narrative change and celebrate as the ASEAN Ride leader. The stock will just spike and the stock will no longer be cheap. I like the price now for a while. Gotta wait for those bonus comes in for my long game here.
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