$Grab Holdings(GRAB)$I will remain bearish for Grab even though the market is recovering.It will takes ages for it to go back to its formerglory which is $40billion.
Gojek, its main competitor in southeast asia for ride-hailing is listing its company on the 11 April. It is valued at $1.1 billion, which is way lower value to Grab.
Definitely, Grab has a few more other services. The main hot growing business is the financial side of thing, its paylater and the wallet. It is growing popularity in Malaysia and Singapore, however there are alot of wallet competitors growing. Even crypto wallets are offering global wallet services. PayLater services is not a novel thing and currently is a losing profit model.
Therefore, the valuation of Grab is around $20billion. It is around $3-5 for now. It will remainvolatile till it proves worthy again.
Comments