Mythz
2022-10-18
$Grab Holdings(GRAB)$As a customer of Grab, I am utterly dissapointed. Loyal members are getting lesser and lesser benefits from using the platform. With the recent point system adjustment, I am officially out on Grab rewards. Many users on multiple forums has also voiced out that the reward system is no longer beneficial.


As an investor, hearing that so many people unsatisfied with the platform. I wonder how many people have left the customer base? How much cash has left the super app / cash wallet? Grab might have save some cash on the rewards since many platform have downplay the rewards, but with such expensive services on Grab, how appealing is it for existing customer to continue and for new customer to join. There is no new benefit for customer to join.

The only thing i find worth while is grabfood. Ithas alot more vendors lock in the delivery platform. It is only a matter of time, other delivery platform will offer more food option. 

With Grab down more than 60% from its valuation, it is in a stage of fear as investor will be curious when does it recover. With stagflation or recession coming along, it is going to be a devastion.

Let see the next earning season whether it becomes a penny stock or down to the dollar mark. Let me know your thoughts too

$Singapore Exchange Ltd.(SPXCF)$$SINGAPORE EXCHANGE LIMITED(S68.SI)$

Modified in.2022-10-18
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Comments

  • FranklinMorley
    2022-10-18
    FranklinMorley
    I am staying far away from GRAB - It looks like it is going to drop off a cliff. I'm expecting price to go lower
  • Mr A
    2022-10-19
    Mr A
    In my perspective, after the bearish sentiment subside. Grab will going to rebound.
    Worldwide outlook: Grab is widely use. Like SG, thailand, malaysia, indonesia. most tourist uses GrabApp to move around. Grab also introduce new feature like Grab Express which open up their logistic field.
    In business perspective, its still worth the invest. Fellow Tigers, What do you think?😆

    • Mr AReplyMythz: 
      If will clear R1 , it would be great
    • Mythz: 
      14 daya EMA feels abit short but probably will clear R1 during a green rally
    • Mr AReplyMythz: 
      From my perspective, price is testing the R1 resistance level (2.61) observe if it can break this level, if unable then price would move to S1.
    • Mythz: 
      Definitely a recovery stage, but rebound to what level. It has been long since it break $4-$5
  • x2espresso
    2022-10-18
    x2espresso
    they are only customer oriented
    • Mythz: 
      The change in the loyalty program doesnt seems so
  • JC888
    2022-10-19
    JC888
    Isn't the Q3 2022 earnings reporting season now? Nike was one of the first few. The banks have been reporting stellar results this n last week no??
    • Mythz: 
      Grab next earning reporting should be in Nov. Banks have been making stellar results due to the rising interest rates. I doubt Grab does that well
  • setia100
    2022-10-18
    setia100
    Too much CASH burnt for loyalty program 😂
    • Mythz: 
      Too much power up challenge
  • Crafted
    2022-10-19
    Crafted
    ok
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