Grab the opportunity or otherwise?

BenjiFuji
2022-05-25

Two top executives have left the business andquit. One of them, Chris Yeo, has 6 years of experience and was leading the payments and rewards segment. The other Jeffery Goh, was leading the payment gateway business.

This is in light of Grab's year on year loss incremental of $3.6 B in 2021 vs $2.7 B in 2020. While the revenue of Grab had been increasing, most investors have been focusing on how Grab is cutting its loss.

CNA found some sources quoting that many business groups are being put on notice, with significant performance metrics. There was also a report of an intense focus to get to profitability.

The managing directors at Grab are also serving their notice periods according to the article.

What do you think? Is it a positive sign that Grab is starting to wake up and trim its fat? Or do you think it's cutting losses a little too late?

Love to hear from you. Want to learn from your insights. Thanks [Great] $Grab Holdings(GRAB)$

@CaptainTiger@MillionaireTiger@TigerStars

💰 Stocks to watch today?(27 Nov)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Ra007
    2022-05-25
    Ra007
    Lotsa mgt changes is both positive and negative- depending on how you look at it and who successors are [Glance]
    • 超群yibo: 
      Agree. Also depends on luck whether you get brilliant executive or get a monkey.
    • BenjiFuji: 
      Thanks [Grin]
  • Bonta
    2022-05-25
    Bonta
    The managing directors at Grab are also serving their notice periods according to the article… not a gd sign
    • BenjiFuji: 
      Looks like lots of jobs will be lost… [Thinking]
  • WeeSin
    2022-05-29
    WeeSin
    Well, it cannot be business as usual.
    • BenjiFuji: 
      Doing the same things and expecting better results is insanity. Watch closely if it turns around
  • Yckit2000
    2022-05-29
    Yckit2000
    The risk is high given the internal turmoil and especially company that is yet profitable
  • boonluan
    2022-05-28
    boonluan
    it's been dropping most of the time
    • BenjiFuji: 
      Opportunity or risk? DYODD. All the best
  • Dazza7
    2022-05-29
    Dazza7
    Bleeding from them after buying last yr
Leave a comment
1