$Grab Holdings(GRAB)$Grab is a company I am bearish at the moment. It has yet to turn profitable. Its share prices has fallen from 52-Week high of 17.15 to its current price of 2.75.
Delivery demand of grab services is likely to be less with covid 19 relaxation, more people eating out, ride hailing services may not fully recovered with hybrid working and with inflation affecting discretionary services
With no dividends payout, loss making status, and challenging business and macroeconomic environment, I will stay away from Grab until it is certain that it has managed a turnaround on a path to profitability.
This is just my personal view only. Not an investment advice.
Best wishes
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Great article