Really don’t understand why there are so many naysayers here. What other stock gives you a more or less pure option on growth of digital economy in Southeast Asia? Massive demographic and adoption tailwinds. Clear front runner in multiple verticals with lots of blue ocean. Losses today are expectable (and even necessary) given the scale of the opportunity. What gives? If you’re not patient, then don’t hold. But this is a great company!
And for anyone curious I’ve lived and worked in the region for years and been using grab since the Uber deal. I transfer money, pay my electric bills, ride hail all the time and order food like every day… even have a brother in law delivering for them
Most people evaluating this stock negatively only have a very short term view. I believe in Grab long because I’ve seen similar situations with a very early Amazon in the US. Amazon was bleeding money for 10 years. If I only had a dollar for every analyst and business owner who said Amazon would be going out of business. But Amazon was a first and they had brand recognition. High debt and re-investment into a high growth company led to eventual profits. I see the same pattern with Grab in SE. Before Covid Grab had 70% rev growth up to 2019. I do like they are moving into banking and expanding delivery.
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