Kint
2022-01-26

Grab will likely face more competition from its competitor, gojek. As Gojek brings more of the non-rideshare services to its platform, agressive price play will further challenge Grab in SEA markets. Additionally, with fares consistently surpassing traditional taxi companies, there's potentially a comeback play from this angle as well.

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Comments

  • FranklinMorley
    2022-01-26
    FranklinMorley
    GRAB has NOT been profitable since the day it was founded. All future initiatives are just desperate attempts at appeasing investors for plummeting stock prices.
    • Kint
      And may never be.
    • EmilyMark
      Grab's business is growing, but the firm is yet to make a profit for the past 10+ years, as losses accumulate.
  • MatthewWalter
    2022-01-26
    MatthewWalter
    Many other home-grown competitor apps have caught up, such as Comfort Del-Gro (Singapore) which provides much cheaper fares and service quality.
    • Kint
      Agree. Grab forgot how and why they came into being in the first place
  • CrystalRose
    2022-01-26
    CrystalRose
    This just keeps resisting dropping below $5. Lots of big money investing. nice price action
  • MyrnaNorth
    2022-01-26
    MyrnaNorth
    Possibly climb back to 10s by EoY assuming the markets are stable or flat for this year end
  • EmilyMark
    2022-01-26
    EmilyMark
    5-$ looks cheap to the eye its still 23b market cap, stay away, its a manipulated stock
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