Soon Huat
2022-08-25

$Grab Holdings(GRAB)$

Everyday jam jam jam since June this year. Pray hard for tonight's result announcement!

Singapore’s Grab Holdings Ltd, once South-East Asia’s most valuable startup, is faltering behind GoTo Group in the public markets as it fights to gain ground on its Indonesian ride-hailing rival’s home turf.

The unprofitable companies are both struggling to convince investors of their moneymaking potential after staging their stock-market debuts in recent months. Yet GoTo has fallen less than its competitor and its market value of about US$26bil (RM116.67bil) is now twice that of its Singaporean peer. The companies are each set to report quarterly earnings in the coming days.

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