Maran08 personal page - To The Moon

Maran08

Maran08

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2022-07-18

Will come down again

Grab Shares Jumped 10% in Morning Trading

11-06

$Centurion(OU8.SI)$ Stable and Progressive growing business

05-15

$Centurion(OU8.SI)$

2022-09-20

Loss making jewell of Singapore

Grab: Another Top Southeast Asian Growth Stock

2022-09-12

Grab would not be profitable for atleast the next 5 years.

Grab’s Share Price Has Tumbled 70% Since its IPO: Is it Poised for a Rebound?

11-12

$Sheng Siong(OV8.SI)$

2022-08-25

A loss making company....should not be profitable for the next 5 years

Grab Shares Plunged 11% in Morning Trading

2022-06-15

Crypto is just a big hoax

Bitcoin Rout Hits "Darkest" Phase With Entire Market Underwater

2022-06-03

Great news

Singapore Retail Sales up 12.1% in April As Tourists Return

11-06

$Sheng Siong(OV8.SI)$ My long term holdings...

11-12

$Enterprise Products Partners LP(EPD)$

11-12

$Centurion(OU8.SI)$

11-12

$Centurion(OU8.SI)$

11-06

$Keppel DC Reit(AJBU.SI)$

10-17

$Centurion(OU8.SI)$

09-12

Huat Ah

08-23

$Centurion(OU8.SI)$

08-23

$Centurion(OU8.SI)$

08-23

$Centurion(OU8.SI)$

08-23

$Centurion(OU8.SI)$

Go to Tiger App to see more news

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</a>&nbsp;","text":"$Centurion(OU8.SI)$","images":[{"img":"https://community-static.tradeup.com/news/722715c259bb9a94d40ba39b814b736b","width":"894","height":"1508"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/306093281886272","isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":276950355718424,"gmtCreate":1708640957906,"gmtModify":1708652774642,"author":{"id":"4096510429865230","authorId":"4096510429865230","name":"Maran08","avatar":"https://static.tigerbbs.com/f90f1c467b24e2ee11f9282b38dbe195","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4096510429865230","authorIdStr":"4096510429865230"},"themes":[],"htmlText":"Rubbish Company","listText":"Rubbish Company","text":"Rubbish Company","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/276950355718424","repostId":"1110228721","repostType":2,"repost":{"id":"1110228721","pubTimestamp":1708613021,"share":"https://ttm.financial/m/news/1110228721?lang=&edition=fundamental","pubTime":"2024-02-22 22:43","market":"us","language":"en","title":"Grab Stock Slides over 5% After Poor Sales Outlook Clouds Maiden Buyback Plan","url":"https://stock-news.laohu8.com/highlight/detail?id=1110228721","media":"Bloomberg","summary":"It again reported a quarterly profit on an adjusted basisGrab taking steps to become a more financially mature companyGrab Holdings Ltd.’s shares slid 5% after the ride-hailing leader forecast 2024 re","content":"<html><head></head><body><p>Grab Holdings Ltd.’s shares slid 5% in morning trading after the ride-hailing leader forecast 2024 revenue below analysts’ estimates, suggesting a deeper-than-anticipated slowdown in its core online business.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/28dcf21f295cb6ed988dfc9aa09cf461\" tg-width=\"786\" tg-height=\"624\"/></p><p>The Singapore-based company, which competes with GoTo in mobility and services such as meal delivery, expects a 14% to 17% rise in sales to $2.7 billion to $2.75 billion, lagging the $2.8 billion average projection. The disappointing forecast overshadowed plans to buy back as much as $500 million of stock and its second straight quarterly profit — albeit on an adjusted basis.</p><p>After years of spending to gain market share and fend off competition, Grab is taking steps to become a more financially mature company. It’s focusing on the bottom line after years of swift expansion into markets from Malaysia to Thailand. Like backer Uber Technologies Inc., it’s slashed jobs and reined in spending to pivot toward profitability. Uber also announced its first buyback this month.</p><p>But the effort on the bottom line coincides with a dramatic slowdown in growth from the triple-digit pace of past years, underscoring the impact of economic uncertainty and competition. Revenue rose just 30% in the December quarter, its slowest pace of growth since at least 2022.</p><p>The challenging market has forced Grab and its rivals to consider aggressive options. Grab and GoTo have this year revived discussions about a merger of their core businesses, Bloomberg News reported, an alliance that could help stem spending to chase consumers across the region. Grab had also been linked to talks to take over the Foodpanda brand in several markets, but negotiations fell through because parties couldn’t agree on deal terms.</p><p>Shares of Grab are down sharply since it went public through a US blank-check company in late 2021. Still, they’ve stabilized this year as losses narrowed, outperforming its main regional rivals.</p><p>On Thursday, it reported $35 million in adjusted earnings before interest, taxes, depreciation and amortization, lagging estimates for $38.9 million. Grab also reported positive free cash flow for the December quarter, though again on an adjusted basis. The company posted its first-ever profit on that basis for the September quarter.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab Stock Slides over 5% After Poor Sales Outlook Clouds Maiden Buyback Plan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab Stock Slides over 5% After Poor Sales Outlook Clouds Maiden Buyback Plan\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-22 22:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-02-22/grab-plans-maiden-share-buyback-after-second-straight-profit?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Grab Holdings Ltd.’s shares slid 5% in morning trading after the ride-hailing leader forecast 2024 revenue below analysts’ estimates, suggesting a deeper-than-anticipated slowdown in its core online ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-02-22/grab-plans-maiden-share-buyback-after-second-straight-profit?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"source_url":"https://www.bloomberg.com/news/articles/2024-02-22/grab-plans-maiden-share-buyback-after-second-straight-profit?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110228721","content_text":"Grab Holdings Ltd.’s shares slid 5% in morning trading after the ride-hailing leader forecast 2024 revenue below analysts’ estimates, suggesting a deeper-than-anticipated slowdown in its core online business.The Singapore-based company, which competes with GoTo in mobility and services such as meal delivery, expects a 14% to 17% rise in sales to $2.7 billion to $2.75 billion, lagging the $2.8 billion average projection. The disappointing forecast overshadowed plans to buy back as much as $500 million of stock and its second straight quarterly profit — albeit on an adjusted basis.After years of spending to gain market share and fend off competition, Grab is taking steps to become a more financially mature company. It’s focusing on the bottom line after years of swift expansion into markets from Malaysia to Thailand. Like backer Uber Technologies Inc., it’s slashed jobs and reined in spending to pivot toward profitability. Uber also announced its first buyback this month.But the effort on the bottom line coincides with a dramatic slowdown in growth from the triple-digit pace of past years, underscoring the impact of economic uncertainty and competition. Revenue rose just 30% in the December quarter, its slowest pace of growth since at least 2022.The challenging market has forced Grab and its rivals to consider aggressive options. Grab and GoTo have this year revived discussions about a merger of their core businesses, Bloomberg News reported, an alliance that could help stem spending to chase consumers across the region. Grab had also been linked to talks to take over the Foodpanda brand in several markets, but negotiations fell through because parties couldn’t agree on deal terms.Shares of Grab are down sharply since it went public through a US blank-check company in late 2021. Still, they’ve stabilized this year as losses narrowed, outperforming its main regional rivals.On Thursday, it reported $35 million in adjusted earnings before interest, taxes, depreciation and amortization, lagging estimates for $38.9 million. Grab also reported positive free cash flow for the December quarter, though again on an adjusted basis. The company posted its first-ever profit on that basis for the September quarter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":236291807748304,"gmtCreate":1698721129159,"gmtModify":1698721132451,"author":{"id":"4096510429865230","authorId":"4096510429865230","name":"Maran08","avatar":"https://static.tigerbbs.com/f90f1c467b24e2ee11f9282b38dbe195","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4096510429865230","authorIdStr":"4096510429865230"},"themes":[],"htmlText":"Gonna buy another 100,000 shares","listText":"Gonna buy another 100,000 shares","text":"Gonna buy another 100,000 shares","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/236291807748304","repostId":"2379554594","repostType":2,"repost":{"id":"2379554594","pubTimestamp":1698717252,"share":"https://ttm.financial/m/news/2379554594?lang=&edition=fundamental","pubTime":"2023-10-31 09:54","market":"sg","language":"en","title":"Sheng Siong Reported Higher Profit for Q3 2023: 5 Highlights from the Supermarket Operator’s Latest Results","url":"https://stock-news.laohu8.com/highlight/detail?id=2379554594","media":"The Smart Investor","summary":"The retailer is growing its Singapore footprint while increasing its gross margin and net profit.","content":"<html><head></head><body><p>Things are looking good for <strong>Sheng Siong</strong> (SGX: OV8).</p><p>The supermarket operator recently released its 2023 third quarter (3Q 2023) earnings and reported a robust set of financial numbers.</p><p>The group is also increasing its store count across Singapore with a total of 69 outlets across the island.</p><p>Its share price, however, is languishing near a 52-week low of S$1.46 and is down more than 10% year-to-date.</p><p>Here are five highlights from the retailer’s latest results.</p><h2 id=\"id_1011324800\">1. A strong set of results</h2><p>For 3Q 2023, Sheng Siong saw revenue rise 3.7% year on year to S$345.8 million.</p><p>Of the 3.7% increase, 2.2% was contributed by six new stores in Singapore with the remaining 63 stores reporting a 1.8% year-on-year revenue increase from better comparable store sales.</p><p>Sheng Siong’s five stores in China and the closure of its Yishuan Central store shaved off 0.3 percentage points for the year-on-year revenue increase.</p><p>With the cost of goods sold increasing just 2.3% year-on-year, gross profit improved by 6.9% year on year to S$105 million.</p><p>Operating profit inched up by 2.7% year on year to S$39.4 million while net profit increased by 5.7% year on year to S$34.8 million, boosted by a more than doubling of finance income to S$2.8 million.</p><p>For the first nine months of 2023 (9M 2023), the retailer reported a mixed set of earnings.</p><p>Revenue edged up 2.6% year on year to S$1.04 billion but net profit slipped 0.1% year on year to S$100.3 million.</p><p>The supermarket operator’s free cash flow for 9M 2023 jumped 20.1% year on year to S$125.1 million.</p><h2 id=\"id_3974617966\">2. Gross margin crosses 30%</h2><p>Management has done an admirable job in steadily raising the group’s gross margin over time.</p><p>For 3Q 2023, Sheng Siong’s gross margin crossed the 30% threshold to end at 30.3% and was higher than the prior year’s 29.4%.</p><p>The reason given was continual improvements to the sales mix, with its house brands yielding higher gross margins than external brands.</p><p>For 9M 2023, the gross margin stood at 29.9%, an improvement of 0.5 percentage points over 9M 2022’s 29.4%.</p><p>For more context, Sheng Siong has steadily increased its gross margin over the years from 27.4% in 2020 to 29.4% last year.</p><p>2023 may see another new high in gross margins for the group if it can carry on this momentum.</p><h2 id=\"id_239301565\">3. Steadily increasing its store count</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/920e96920bf8a704b0faa2a12c39a4e3\" tg-width=\"1438\" tg-height=\"811\"/></p><p>Source: Sheng Siong’s 3Q 2023 Presentation Slides</p><p>The supermarket retailer continues to increase its presence in Singapore.</p><p>As of 30 September 2023, the group had 69 stores in Singapore and five in China.</p><p>One new store was opened in 3Q 2023 as the group reported 68 Singapore stores in the previous quarter.</p><p>A total of two new stores were opened in 9M 2023 and management’s expansion plan is to open at least three new stores per year.</p><p>Meanwhile, a new lease agreement was signed in September to open a sixth China store which is expected to be operational before the end of 2Q 2024.</p><h2 id=\"id_4014202906\">4. Macroeconomic challenges</h2><p>Despite the better results, Sheng Siong warns of macroeconomic headwinds that may dent its growth.</p><p>The recent Israel-Hamas war that broke out in early October could further disrupt the world economy and may cause a recession.</p><p>Climate change and the onset of the El Nino weather pattern may adversely affect agricultural yields and push inflation up.</p><p>Higher inflation will then increase food prices which will crimp consumer demand, thus affecting the group’s sales.</p><p>Elsewhere, competition in the supermarket industry is expected to remain fierce with more promotions being pushed by competitors.</p><p>Along with higher staff and utility costs, these factors will exert downward pressure on margins.</p><h2 id=\"id_2348234453\">5. Encouraging bidding prospects</h2><p>The retailer is not sitting still, though.</p><p>Management is seeking continuous growth of its network of stores, especially in areas where it does not have a presence.</p><p>HDB has released five shops for tender and Sheng Siong put in a bid for all of them.</p><p>The group was awarded one tender while three others are pending outcome.</p><p>Hence, investors can expect Sheng Siong to open one more store before 2023 ends, bringing its total new store openings for the year to three stores.</p><p>There could be more to come.</p><p>Five more shop spaces are expected to be tendered in the next six months, offering ample opportunities for the supermarket operator to further increase its local presence.</p><p></p></body></html>","source":"thesmartinvestor_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sheng Siong Reported Higher Profit for Q3 2023: 5 Highlights from the Supermarket Operator’s Latest Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSheng Siong Reported Higher Profit for Q3 2023: 5 Highlights from the Supermarket Operator’s Latest Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-10-31 09:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/sheng-siong-reported-higher-profit-for-3q-2023-5-highlights-from-the-supermarket-operators-latest-results/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Things are looking good for Sheng Siong (SGX: OV8).The supermarket operator recently released its 2023 third quarter (3Q 2023) earnings and reported a robust set of financial numbers.The group is also...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/sheng-siong-reported-higher-profit-for-3q-2023-5-highlights-from-the-supermarket-operators-latest-results/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OV8.SI":"昇菘"},"source_url":"https://thesmartinvestor.com.sg/sheng-siong-reported-higher-profit-for-3q-2023-5-highlights-from-the-supermarket-operators-latest-results/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2379554594","content_text":"Things are looking good for Sheng Siong (SGX: OV8).The supermarket operator recently released its 2023 third quarter (3Q 2023) earnings and reported a robust set of financial numbers.The group is also increasing its store count across Singapore with a total of 69 outlets across the island.Its share price, however, is languishing near a 52-week low of S$1.46 and is down more than 10% year-to-date.Here are five highlights from the retailer’s latest results.1. A strong set of resultsFor 3Q 2023, Sheng Siong saw revenue rise 3.7% year on year to S$345.8 million.Of the 3.7% increase, 2.2% was contributed by six new stores in Singapore with the remaining 63 stores reporting a 1.8% year-on-year revenue increase from better comparable store sales.Sheng Siong’s five stores in China and the closure of its Yishuan Central store shaved off 0.3 percentage points for the year-on-year revenue increase.With the cost of goods sold increasing just 2.3% year-on-year, gross profit improved by 6.9% year on year to S$105 million.Operating profit inched up by 2.7% year on year to S$39.4 million while net profit increased by 5.7% year on year to S$34.8 million, boosted by a more than doubling of finance income to S$2.8 million.For the first nine months of 2023 (9M 2023), the retailer reported a mixed set of earnings.Revenue edged up 2.6% year on year to S$1.04 billion but net profit slipped 0.1% year on year to S$100.3 million.The supermarket operator’s free cash flow for 9M 2023 jumped 20.1% year on year to S$125.1 million.2. Gross margin crosses 30%Management has done an admirable job in steadily raising the group’s gross margin over time.For 3Q 2023, Sheng Siong’s gross margin crossed the 30% threshold to end at 30.3% and was higher than the prior year’s 29.4%.The reason given was continual improvements to the sales mix, with its house brands yielding higher gross margins than external brands.For 9M 2023, the gross margin stood at 29.9%, an improvement of 0.5 percentage points over 9M 2022’s 29.4%.For more context, Sheng Siong has steadily increased its gross margin over the years from 27.4% in 2020 to 29.4% last year.2023 may see another new high in gross margins for the group if it can carry on this momentum.3. Steadily increasing its store countSource: Sheng Siong’s 3Q 2023 Presentation SlidesThe supermarket retailer continues to increase its presence in Singapore.As of 30 September 2023, the group had 69 stores in Singapore and five in China.One new store was opened in 3Q 2023 as the group reported 68 Singapore stores in the previous quarter.A total of two new stores were opened in 9M 2023 and management’s expansion plan is to open at least three new stores per year.Meanwhile, a new lease agreement was signed in September to open a sixth China store which is expected to be operational before the end of 2Q 2024.4. Macroeconomic challengesDespite the better results, Sheng Siong warns of macroeconomic headwinds that may dent its growth.The recent Israel-Hamas war that broke out in early October could further disrupt the world economy and may cause a recession.Climate change and the onset of the El Nino weather pattern may adversely affect agricultural yields and push inflation up.Higher inflation will then increase food prices which will crimp consumer demand, thus affecting the group’s sales.Elsewhere, competition in the supermarket industry is expected to remain fierce with more promotions being pushed by competitors.Along with higher staff and utility costs, these factors will exert downward pressure on margins.5. Encouraging bidding prospectsThe retailer is not sitting still, though.Management is seeking continuous growth of its network of stores, especially in areas where it does not have a presence.HDB has released five shops for tender and Sheng Siong put in a bid for all of them.The group was awarded one tender while three others are pending outcome.Hence, investors can expect Sheng Siong to open one more store before 2023 ends, bringing its total new store openings for the year to three stores.There could be more to come.Five more shop spaces are expected to be tendered in the next six months, offering ample opportunities for the supermarket operator to further increase its local presence.","news_type":1},"isVote":1,"tweetType":1,"viewCount":154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9960205742,"gmtCreate":1668159580787,"gmtModify":1676538022636,"author":{"id":"4096510429865230","authorId":"4096510429865230","name":"Maran08","avatar":"https://static.tigerbbs.com/f90f1c467b24e2ee11f9282b38dbe195","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4096510429865230","authorIdStr":"4096510429865230"},"themes":[],"htmlText":"A good day...","listText":"A good day...","text":"A good day...","images":[{"img":"https://community-static.tradeup.com/news/1109b5b98e113335c3d1e8e7dd7cc367","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9960205742","isVote":1,"tweetType":1,"viewCount":253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":9075348782,"gmtCreate":1658153893946,"gmtModify":1676536113413,"author":{"id":"4096510429865230","authorId":"4096510429865230","name":"Maran08","avatar":"https://static.tigerbbs.com/f90f1c467b24e2ee11f9282b38dbe195","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4096510429865230","authorIdStr":"4096510429865230"},"themes":[],"htmlText":"Will come down again&nbsp; &nbsp;&nbsp;","listText":"Will come down again&nbsp; &nbsp;&nbsp;","text":"Will come down again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075348782","repostId":"1165817190","repostType":2,"repost":{"id":"1165817190","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1658153734,"share":"https://ttm.financial/m/news/1165817190?lang=&edition=fundamental","pubTime":"2022-07-18 22:15","market":"us","language":"en","title":"Grab Shares Jumped 10% in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1165817190","media":"Tiger Newspress","summary":"Grab shares jumped 10% in morning trading after JPMorgan analyst Ranjan Sharma upgraded Grab Holding","content":"<html><head></head><body><p>Grab shares jumped 10% in morning trading after JPMorgan analyst Ranjan Sharma upgraded Grab Holdings to Overweight from Neutral with a $3 price target.</p><p><img src=\"https://static.tigerbbs.com/d18e5315f88e0fee548e9af571cb956d\" tg-width=\"856\" tg-height=\"621\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab Shares Jumped 10% in Morning Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab Shares Jumped 10% in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-07-18 22:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Grab shares jumped 10% in morning trading after JPMorgan analyst Ranjan Sharma upgraded Grab Holdings to Overweight from Neutral with a $3 price target.</p><p><img src=\"https://static.tigerbbs.com/d18e5315f88e0fee548e9af571cb956d\" tg-width=\"856\" tg-height=\"621\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165817190","content_text":"Grab shares jumped 10% in morning trading after JPMorgan analyst Ranjan Sharma upgraded Grab Holdings to Overweight from Neutral with a $3 price target.","news_type":1},"isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":368004269420808,"gmtCreate":1730862636008,"gmtModify":1730883006136,"author":{"id":"4096510429865230","authorId":"4096510429865230","name":"Maran08","avatar":"https://static.tigerbbs.com/f90f1c467b24e2ee11f9282b38dbe195","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4096510429865230","authorIdStr":"4096510429865230"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/OU8.SI\">$Centurion(OU8.SI)$ </a>&nbsp; Stable and Progressive growing business&nbsp;","listText":"<a href=\"https://ttm.financial/S/OU8.SI\">$Centurion(OU8.SI)$ </a>&nbsp; Stable and Progressive growing business&nbsp;","text":"$Centurion(OU8.SI)$ Stable and Progressive growing business","images":[{"img":"https://community-static.tradeup.com/news/237f56560c63586a27eb6f7b77969ddd","width":"894","height":"1508"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/368004269420808","isVote":1,"tweetType":1,"viewCount":139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":306093501321240,"gmtCreate":1715765106655,"gmtModify":1716198115977,"author":{"id":"4096510429865230","authorId":"4096510429865230","name":"Maran08","avatar":"https://static.tigerbbs.com/f90f1c467b24e2ee11f9282b38dbe195","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4096510429865230","authorIdStr":"4096510429865230"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/OU8.SI\">$Centurion(OU8.SI)$ </a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/OU8.SI\">$Centurion(OU8.SI)$ </a>&nbsp;","text":"$Centurion(OU8.SI)$","images":[{"img":"https://community-static.tradeup.com/news/2efa9a896cfffc2ecf7c8b6de512f0e4","width":"894","height":"1508"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/306093501321240","isVote":1,"tweetType":1,"viewCount":157,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9910489092,"gmtCreate":1663663119516,"gmtModify":1676537311245,"author":{"id":"4096510429865230","authorId":"4096510429865230","name":"Maran08","avatar":"https://static.tigerbbs.com/f90f1c467b24e2ee11f9282b38dbe195","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4096510429865230","authorIdStr":"4096510429865230"},"themes":[],"htmlText":"Loss making jewell of Singapore","listText":"Loss making jewell of Singapore","text":"Loss making jewell of Singapore","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9910489092","repostId":"1129014273","repostType":4,"repost":{"id":"1129014273","pubTimestamp":1663661502,"share":"https://ttm.financial/m/news/1129014273?lang=&edition=fundamental","pubTime":"2022-09-20 16:11","market":"us","language":"en","title":"Grab: Another Top Southeast Asian Growth Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1129014273","media":"Seeking Alpha","summary":"SummaryGrab is the largest ride-sharing and grocery delivery company in Southeast Asia.The company h","content":"<html><head></head><body><h2>Summary</h2><ul><li>Grab is the largest ride-sharing and grocery delivery company in Southeast Asia.</li><li>The company hit record revenue in Q2 2022 and continues to increase monthly active users on its platform.</li><li>I like GRAB stock under $5 as a strong buy and believe it&#39;s one of the best foreign stocks to hold right now.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9026cb119cc53c5298d01fc6b1711b8b\" tg-width=\"1080\" tg-height=\"720\" referrerpolicy=\"no-referrer\"/><span>bankkgraphy</span></p><p>Grab (NASDAQ:GRAB) is a Singaporean-based ride-sharing and grocery delivery company with operations all over Southeast Asia.</p><p>I don&#39;t normally highlight foreign companies because American companies benefit from a much larger economy and consumers with a relatively high annual income.</p><p>But every now and then, I find value in foreign companies with a wide moat and strong brand recognition.</p><p>Grab fits the bill perfectly because the company dominates its marketplace in Southeast Asia. I&#39;ve visited Thailand and Philippines over the years and you will see green Grab delivery riders everywhere.</p><p>The company is so dominant that Uber (UBER) sold its operations to Grab and bought a stake in the company as a blatant surrender move.</p><p>In this article, I&#39;ll give you a general breakdown of Grab and share several reasons why I&#39;m bullish on the company long term.</p><h2>Grab Overview</h2><p>Grab was founded in 2016 by Singapore Billionaire Anthony Tan who had a vision of building a super-app for Southeast Asia.</p><p>Southeast Asia is made up of 8 countries and has a total population of 683 million people.</p><p>It&#39;s one of the fastest growing economies in the world thanks to massive technological advances and foreign investment.</p><p>Grab operates in 4 key segments: Delivery, Mobility, Financial Services, and Enterprise Services (Advertising for businesses).</p><p>The American ride sharing &amp; food delivery industry has many competitors such as Uber, Lyft (LYFT), DoorDash (DASH), and several other small companies who compete aggressively for the huge $ tide sharing market.</p><p>On the other hand, Grab only has 1 competitor in Southeast Asia called Foodpanda, a smaller company based out of Europe.</p><h2>Record Q2 Revenue and GMV</h2><p>The company hit record Q2 revenue of $321 million (Up 79% YoY) along with record Q2 GMV of $5.1 billion (Up 30% YoY).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aca6a4b7afe32d866b123c7ad3bc5973\" tg-width=\"640\" tg-height=\"356\" referrerpolicy=\"no-referrer\"/><span>Grab Q2 2022 Financials (grab.com)</span></p><p>Monthly Transacting Users (MTAs) reached 32.6 million (Up 12% YoY) with 62% of users using 2 or more services on the app.</p><p>Net losses were $572 million, which was a 27% improvement from Q2 2021.</p><p>Grab continues to grow its MTA and establish a massive footprint in Southeast Asia. I don&#39;t see any competitors taking market share from the company right now and Grab will be able to raise prices to adjust for inflation to keep both merchants and consumers on a level playing field.</p><h2>Deliveries</h2><p>Delivery revenue grew 199% YoY and makes up nearly 50% of the company&#39;s revenue and Grab just announced a new partnership with Coca-Cola (KO) in August 2022 to offer more of its products on the app.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0f9aa62bcd9e18dd9dc1501b4a322358\" tg-width=\"640\" tg-height=\"260\" referrerpolicy=\"no-referrer\"/><span>Grab Q2 2022 Deliveries (grab.com)</span></p><p>Grocery &amp; food delivery is a stable and lucrative business that the company can continue profiting from. The Grab app makes it easy to order from any restaurant or grocery store within a 20 km radius, which gives app users a wide range of selections.</p><p>Grab can onload more restaurants and increase its revenue as more users flock to its app.</p><h2>Mobility</h2><p>Mobility bounced back nicely in Q2 2022 and Grab saw a nice revenue boost of 37% in its ride sharing segment due to higher tourist activity and international travel.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f8cc1e637a6d3ae80030c2a86c9757a\" tg-width=\"640\" tg-height=\"267\" referrerpolicy=\"no-referrer\"/><span>Grab Q2 2022 Mobility (grab.com)</span></p><p>Grab does compete with motorcycle taxis that offer citywide transportation throughout Southeast Asia at a lower cost. It will be interesting to see if Grab adds motorcycle rides to its platform in the future.</p><p>Southeast Asian countries are beginning to welcome back tourists and drop mask mandates, which is extremely bullish for its ridesharing segment.</p><h2>Financial Services</h2><p>Financial services saw a 94% in revenue YoY as more users use the company&#39;s digital payment app and applied for loans through Grab.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5d2de6dd60e53c092bfecac927222563\" tg-width=\"640\" tg-height=\"312\" referrerpolicy=\"no-referrer\"/><span>Grab Q2 2022 Financial Services (grab.com)</span></p><p>Grab is becoming a solid alternative to PayPal (PYPL) in Southeast Asia and could benefit from an increase in TPV over the next few years.</p><h2>Enterprise Services</h2><p>Grab&#39;s Enterprise services saw a 30% revenue boost YoY as more companies spent money on GrabAds to drive higher customer sales volume.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a25d5c353a8942bd7a96e0e7100db743\" tg-width=\"640\" tg-height=\"229\" referrerpolicy=\"no-referrer\"/><span>Grab Q2 2022 Enterprise Services (grab.com)</span></p><p>Grab isn&#39;t generating a lot of revenue from merchant ads but could scale this segment as MTA is approaching 50+ million.</p><p>The company also launched Grab Maps in August 2022 to help alleviate many of its problems using standard Google Maps.</p><p>Management expects to break even on the food &amp; deliveries segment much earlier than expected.</p><h2>My Bullish Take</h2><p>GRAB stock trades around $3 and is down 61% from its initial SPAC IPO.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f2b4098c6633fecb6afcda2efcdbcb04\" tg-width=\"1280\" tg-height=\"802\" referrerpolicy=\"no-referrer\"/><span>GRAB data by YCharts</span></p><p>The company made history by becoming the most expensive SPAC IPO of all-time with an initial valuation of $40 billion.</p><p>What&#39;s most intriguing is that Altimeter Capital selected Grab as its SPAC partner.</p><p>I trust their judgement and believe Grab is one of the best stocks under $5 to own right now.</p><p>Digital technological advances in Southeast Asia will drive higher per capita incomes and more e-commerce activity in the future.</p><p>Grab CEO Anthony Tan believes the company will be profitable soon and could start generating positive EBITDA as soon as 2023.</p><p>Not only is Grab a ride sharing &amp; delivery app but the app offers other services including digital payments, bill pay, and smartphone credit purchase.</p><p>Whenever you visit Southeast Asia, you must download the Grab app to get around the city. Grab doesn&#39;t have a large footprint in rural areas of Southeast Asia but that&#39;s okay because most tourists and higher income residents live in the major cities such as Singapore, Manila, Bangkok, etc.</p><h2>Risk Factors</h2><p>Grab is a fast growing company but there are several risk factors that I worry about. If the Southeast Asian economy slows down then Grab will suffer from a reduction in e-commerce activity.</p><p>There are also the risks of Uber or early Grab investors dumping their stakes once the SPAC lockup period ends.</p><p>Grab has 4 billion shares outstanding and I wonder if future share dilution will become an ongoing problem. That&#39;s a high number of shares for a SPAC so further dilution could send GRAB stock heading towards $1 in a hurry.</p><h2>Conclusion</h2><p>I made the most of my investment gains over my career by purchasing wonderful stocks when nobody wanted them under $10 per share.</p><p>Singapore is a beautiful country and Grab is the corporate jewel of the city.</p><p>Grab has a 5% market share out of Southeast Asia&#39;s 680+ million residents and has a lot of growth potential in the future.</p><p>If you want to invest in Southeast Asia, then GRAB stock is probably your best bet right now.</p><p><i>This article was written by Investor Trip.</i></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab: Another Top Southeast Asian Growth Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab: Another Top Southeast Asian Growth Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-20 16:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4541808-grab-another-top-southeast-asian-growth-stock><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryGrab is the largest ride-sharing and grocery delivery company in Southeast Asia.The company hit record revenue in Q2 2022 and continues to increase monthly active users on its platform.I like ...</p>\n\n<a href=\"https://seekingalpha.com/article/4541808-grab-another-top-southeast-asian-growth-stock\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"source_url":"https://seekingalpha.com/article/4541808-grab-another-top-southeast-asian-growth-stock","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129014273","content_text":"SummaryGrab is the largest ride-sharing and grocery delivery company in Southeast Asia.The company hit record revenue in Q2 2022 and continues to increase monthly active users on its platform.I like GRAB stock under $5 as a strong buy and believe it's one of the best foreign stocks to hold right now.bankkgraphyGrab (NASDAQ:GRAB) is a Singaporean-based ride-sharing and grocery delivery company with operations all over Southeast Asia.I don't normally highlight foreign companies because American companies benefit from a much larger economy and consumers with a relatively high annual income.But every now and then, I find value in foreign companies with a wide moat and strong brand recognition.Grab fits the bill perfectly because the company dominates its marketplace in Southeast Asia. I've visited Thailand and Philippines over the years and you will see green Grab delivery riders everywhere.The company is so dominant that Uber (UBER) sold its operations to Grab and bought a stake in the company as a blatant surrender move.In this article, I'll give you a general breakdown of Grab and share several reasons why I'm bullish on the company long term.Grab OverviewGrab was founded in 2016 by Singapore Billionaire Anthony Tan who had a vision of building a super-app for Southeast Asia.Southeast Asia is made up of 8 countries and has a total population of 683 million people.It's one of the fastest growing economies in the world thanks to massive technological advances and foreign investment.Grab operates in 4 key segments: Delivery, Mobility, Financial Services, and Enterprise Services (Advertising for businesses).The American ride sharing & food delivery industry has many competitors such as Uber, Lyft (LYFT), DoorDash (DASH), and several other small companies who compete aggressively for the huge $ tide sharing market.On the other hand, Grab only has 1 competitor in Southeast Asia called Foodpanda, a smaller company based out of Europe.Record Q2 Revenue and GMVThe company hit record Q2 revenue of $321 million (Up 79% YoY) along with record Q2 GMV of $5.1 billion (Up 30% YoY).Grab Q2 2022 Financials (grab.com)Monthly Transacting Users (MTAs) reached 32.6 million (Up 12% YoY) with 62% of users using 2 or more services on the app.Net losses were $572 million, which was a 27% improvement from Q2 2021.Grab continues to grow its MTA and establish a massive footprint in Southeast Asia. I don't see any competitors taking market share from the company right now and Grab will be able to raise prices to adjust for inflation to keep both merchants and consumers on a level playing field.DeliveriesDelivery revenue grew 199% YoY and makes up nearly 50% of the company's revenue and Grab just announced a new partnership with Coca-Cola (KO) in August 2022 to offer more of its products on the app.Grab Q2 2022 Deliveries (grab.com)Grocery & food delivery is a stable and lucrative business that the company can continue profiting from. The Grab app makes it easy to order from any restaurant or grocery store within a 20 km radius, which gives app users a wide range of selections.Grab can onload more restaurants and increase its revenue as more users flock to its app.MobilityMobility bounced back nicely in Q2 2022 and Grab saw a nice revenue boost of 37% in its ride sharing segment due to higher tourist activity and international travel.Grab Q2 2022 Mobility (grab.com)Grab does compete with motorcycle taxis that offer citywide transportation throughout Southeast Asia at a lower cost. It will be interesting to see if Grab adds motorcycle rides to its platform in the future.Southeast Asian countries are beginning to welcome back tourists and drop mask mandates, which is extremely bullish for its ridesharing segment.Financial ServicesFinancial services saw a 94% in revenue YoY as more users use the company's digital payment app and applied for loans through Grab.Grab Q2 2022 Financial Services (grab.com)Grab is becoming a solid alternative to PayPal (PYPL) in Southeast Asia and could benefit from an increase in TPV over the next few years.Enterprise ServicesGrab's Enterprise services saw a 30% revenue boost YoY as more companies spent money on GrabAds to drive higher customer sales volume.Grab Q2 2022 Enterprise Services (grab.com)Grab isn't generating a lot of revenue from merchant ads but could scale this segment as MTA is approaching 50+ million.The company also launched Grab Maps in August 2022 to help alleviate many of its problems using standard Google Maps.Management expects to break even on the food & deliveries segment much earlier than expected.My Bullish TakeGRAB stock trades around $3 and is down 61% from its initial SPAC IPO.GRAB data by YChartsThe company made history by becoming the most expensive SPAC IPO of all-time with an initial valuation of $40 billion.What's most intriguing is that Altimeter Capital selected Grab as its SPAC partner.I trust their judgement and believe Grab is one of the best stocks under $5 to own right now.Digital technological advances in Southeast Asia will drive higher per capita incomes and more e-commerce activity in the future.Grab CEO Anthony Tan believes the company will be profitable soon and could start generating positive EBITDA as soon as 2023.Not only is Grab a ride sharing & delivery app but the app offers other services including digital payments, bill pay, and smartphone credit purchase.Whenever you visit Southeast Asia, you must download the Grab app to get around the city. Grab doesn't have a large footprint in rural areas of Southeast Asia but that's okay because most tourists and higher income residents live in the major cities such as Singapore, Manila, Bangkok, etc.Risk FactorsGrab is a fast growing company but there are several risk factors that I worry about. If the Southeast Asian economy slows down then Grab will suffer from a reduction in e-commerce activity.There are also the risks of Uber or early Grab investors dumping their stakes once the SPAC lockup period ends.Grab has 4 billion shares outstanding and I wonder if future share dilution will become an ongoing problem. That's a high number of shares for a SPAC so further dilution could send GRAB stock heading towards $1 in a hurry.ConclusionI made the most of my investment gains over my career by purchasing wonderful stocks when nobody wanted them under $10 per share.Singapore is a beautiful country and Grab is the corporate jewel of the city.Grab has a 5% market share out of Southeast Asia's 680+ million residents and has a lot of growth potential in the future.If you want to invest in Southeast Asia, then GRAB stock is probably your best bet right now.This article was written by Investor Trip.","news_type":1},"isVote":1,"tweetType":1,"viewCount":631,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9932509811,"gmtCreate":1662950802734,"gmtModify":1676537170029,"author":{"id":"4096510429865230","authorId":"4096510429865230","name":"Maran08","avatar":"https://static.tigerbbs.com/f90f1c467b24e2ee11f9282b38dbe195","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4096510429865230","authorIdStr":"4096510429865230"},"themes":[],"htmlText":"Grab would not be profitable for atleast the next 5 years.&nbsp; &nbsp;","listText":"Grab would not be profitable for atleast the next 5 years.&nbsp; &nbsp;","text":"Grab would not be profitable for atleast the next 5 years.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9932509811","repostId":"1112992422","repostType":2,"repost":{"id":"1112992422","pubTimestamp":1662948191,"share":"https://ttm.financial/m/news/1112992422?lang=&edition=fundamental","pubTime":"2022-09-12 10:03","market":"us","language":"en","title":"Grab’s Share Price Has Tumbled 70% Since its IPO: Is it Poised for a Rebound?","url":"https://stock-news.laohu8.com/highlight/detail?id=1112992422","media":"The Smart Investor","summary":"It’s been a rough time for growth stocks this past year, and Grab Holdings (NASDAQ: GRAB) has not es","content":"<html><head></head><body><p>It’s been a rough time for growth stocks this past year, and Grab Holdings (NASDAQ: GRAB) has not escaped the carnage.</p><p>The high-profile ride-hailing cum food delivery company’s share price has skidded nearly 70% since it went public via a combination with a special purpose acquisition company (SPAC) in early December last year.</p><p>Grab’s super app offers a variety of services but the company continues to struggle to turn a profit.</p><p>The digital services company released its 2022’s second quarter (2Q2022) earnings recently and disclosed that it was also going into advertising (GrabAds) and mapping and location-based services (GrabMaps).</p><p>Blue-chip telco Singtel (SGX: Z74) has also partnered with Grab to launch a digital bank, GXS Bank, after clinching the Singapore digital full bank licence in December 2020.</p><p>With so much going on, could shares of the company be poised for a rebound?</p><p><b>A mixed set of financials</b></p><p>2Q2022 saw Grab’s revenue surge 79% year on year to US$321 million as the company enjoyed broad-based revenue growth across all its divisions.</p><p>Its Deliveries segment saw revenue soar nearly three-fold year on year from US$45 million to US$134 million due to contributions from Jaya Grocer, a mass-premium supermarket chain in Malaysia, that Grab acquired a majority stake in January this year.</p><p>For its Mobility division, revenue rose 37% year on year to US$161 million in line with a surge in domestic and international travel and easing restrictions for offices and leisure commutes.</p><p>Together, both divisions make up close to 92% of Grab’s total revenue.</p><p>However, Grab continued to report losses for the quarter, though the loss had reduced by 29% year on year from US$801 million to US$572 million.</p><p>It didn’t help that the ride-hailing company continued to burn cash.</p><p>The first half of 2022 (1H2022) saw negative free cash flow (FCF) of US$744 million, more than double the US$325 million negative FCF in the prior year.</p><p><b>Improved operating metrics</b></p><p>Although Grab’s financial numbers were weak, it managed to report encouraging operating statistics.</p><p>Gross merchandise value (GMV) for the company rose 30% year on year to US$5.1 billion.</p><p>Monthly transacting users (MTUs) increased by 12% year on year to 32.6 million, and around a third of these MTUs used three or more offerings in 2Q2022.</p><p>The Deliveries division saw GMV rise 19% year on year to US$2.5 billion while the Mobility segment’s GMV jumped 51% year on year to US$1 billion.</p><p>Grab’s Financial Services division saw total payments volume (TPV) climb 31% year on year to US$3.8 billion as loan disbursements grew and more users took up the division’s Buy Now, Pay Later products.</p><p><b>Fingers in (too) many pies</b></p><p>While it seems that Grab is gaining traction in growing its GMV and TPV, investors are increasingly focusing more on profitability than a “growth at all costs” model.</p><p>CFO Peter Oey is cognisant of this and has commented that management is accelerating Grab’s efforts to become profitable.</p><p>The problem is that the company seems to have its fingers in too many pies.</p><p>Mobility and food deliveries are both capital and manpower intensive, and both divisions have thus far not managed to break even.</p><p>There was also recent news that Grab’s competitor in Singapore, Foodpanda, had laid off around 5% of its staff to stay competitive.</p><p>Grab’s food delivery division could come under further pressure as demand tapers off when more people dine out in tandem with easing restrictions.</p><p>The company also has to shift capital to its Singapore digital bank initiative and has plans to also launch GXS Bank in Malaysia as a consortium comprising Malaysian investors, Singtel and Grab had clinched the Malaysian digital banking licences in April.</p><p>Aside from hiring new roles for GXS Bank, Grab is also dabbling in advertisements and location-mapping services.</p><p><b>Get Smart: Profitability seems elusive for now</b></p><p>Grab is intent on developing a regional super-app that encompasses a wide variety of useful services.</p><p>However, with its attention spread out over so many strategic initiatives, investors can expect profitability to be elusive for now.</p><p>Unless the company can demonstrate that its scale and improved operating numbers can translate into profitability, investors may be in for a long wait.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab’s Share Price Has Tumbled 70% Since its IPO: Is it Poised for a Rebound?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab’s Share Price Has Tumbled 70% Since its IPO: Is it Poised for a Rebound?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-12 10:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/grabs-share-price-has-tumbled-70-since-its-ipo-is-it-poised-for-a-rebound/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It’s been a rough time for growth stocks this past year, and Grab Holdings (NASDAQ: GRAB) has not escaped the carnage.The high-profile ride-hailing cum food delivery company’s share price has skidded ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/grabs-share-price-has-tumbled-70-since-its-ipo-is-it-poised-for-a-rebound/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"source_url":"https://thesmartinvestor.com.sg/grabs-share-price-has-tumbled-70-since-its-ipo-is-it-poised-for-a-rebound/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112992422","content_text":"It’s been a rough time for growth stocks this past year, and Grab Holdings (NASDAQ: GRAB) has not escaped the carnage.The high-profile ride-hailing cum food delivery company’s share price has skidded nearly 70% since it went public via a combination with a special purpose acquisition company (SPAC) in early December last year.Grab’s super app offers a variety of services but the company continues to struggle to turn a profit.The digital services company released its 2022’s second quarter (2Q2022) earnings recently and disclosed that it was also going into advertising (GrabAds) and mapping and location-based services (GrabMaps).Blue-chip telco Singtel (SGX: Z74) has also partnered with Grab to launch a digital bank, GXS Bank, after clinching the Singapore digital full bank licence in December 2020.With so much going on, could shares of the company be poised for a rebound?A mixed set of financials2Q2022 saw Grab’s revenue surge 79% year on year to US$321 million as the company enjoyed broad-based revenue growth across all its divisions.Its Deliveries segment saw revenue soar nearly three-fold year on year from US$45 million to US$134 million due to contributions from Jaya Grocer, a mass-premium supermarket chain in Malaysia, that Grab acquired a majority stake in January this year.For its Mobility division, revenue rose 37% year on year to US$161 million in line with a surge in domestic and international travel and easing restrictions for offices and leisure commutes.Together, both divisions make up close to 92% of Grab’s total revenue.However, Grab continued to report losses for the quarter, though the loss had reduced by 29% year on year from US$801 million to US$572 million.It didn’t help that the ride-hailing company continued to burn cash.The first half of 2022 (1H2022) saw negative free cash flow (FCF) of US$744 million, more than double the US$325 million negative FCF in the prior year.Improved operating metricsAlthough Grab’s financial numbers were weak, it managed to report encouraging operating statistics.Gross merchandise value (GMV) for the company rose 30% year on year to US$5.1 billion.Monthly transacting users (MTUs) increased by 12% year on year to 32.6 million, and around a third of these MTUs used three or more offerings in 2Q2022.The Deliveries division saw GMV rise 19% year on year to US$2.5 billion while the Mobility segment’s GMV jumped 51% year on year to US$1 billion.Grab’s Financial Services division saw total payments volume (TPV) climb 31% year on year to US$3.8 billion as loan disbursements grew and more users took up the division’s Buy Now, Pay Later products.Fingers in (too) many piesWhile it seems that Grab is gaining traction in growing its GMV and TPV, investors are increasingly focusing more on profitability than a “growth at all costs” model.CFO Peter Oey is cognisant of this and has commented that management is accelerating Grab’s efforts to become profitable.The problem is that the company seems to have its fingers in too many pies.Mobility and food deliveries are both capital and manpower intensive, and both divisions have thus far not managed to break even.There was also recent news that Grab’s competitor in Singapore, Foodpanda, had laid off around 5% of its staff to stay competitive.Grab’s food delivery division could come under further pressure as demand tapers off when more people dine out in tandem with easing restrictions.The company also has to shift capital to its Singapore digital bank initiative and has plans to also launch GXS Bank in Malaysia as a consortium comprising Malaysian investors, Singtel and Grab had clinched the Malaysian digital banking licences in April.Aside from hiring new roles for GXS Bank, Grab is also dabbling in advertisements and location-mapping services.Get Smart: Profitability seems elusive for nowGrab is intent on developing a regional super-app that encompasses a wide variety of useful services.However, with its attention spread out over so many strategic initiatives, investors can expect profitability to be elusive for now.Unless the company can demonstrate that its scale and improved operating numbers can translate into profitability, investors may be in for a long wait.","news_type":1},"isVote":1,"tweetType":1,"viewCount":631,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370267867537488,"gmtCreate":1731400371195,"gmtModify":1731400375166,"author":{"id":"4096510429865230","authorId":"4096510429865230","name":"Maran08","avatar":"https://static.tigerbbs.com/f90f1c467b24e2ee11f9282b38dbe195","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4096510429865230","authorIdStr":"4096510429865230"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/OV8.SI\">$Sheng Siong(OV8.SI)$ </a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/OV8.SI\">$Sheng Siong(OV8.SI)$ </a>&nbsp;","text":"$Sheng Siong(OV8.SI)$","images":[{"img":"https://community-static.tradeup.com/news/5a438d06eb2100ade0b26a254549a904","width":"894","height":"1508"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370267867537488","isVote":1,"tweetType":1,"viewCount":51,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9995141519,"gmtCreate":1661434965133,"gmtModify":1676536517837,"author":{"id":"4096510429865230","authorId":"4096510429865230","name":"Maran08","avatar":"https://static.tigerbbs.com/f90f1c467b24e2ee11f9282b38dbe195","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4096510429865230","authorIdStr":"4096510429865230"},"themes":[],"htmlText":"A loss making company....should not be profitable for the next 5 years","listText":"A loss making company....should not be profitable for the next 5 years","text":"A loss making company....should not be profitable for the next 5 years","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995141519","repostId":"1120348344","repostType":2,"repost":{"id":"1120348344","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1661434797,"share":"https://ttm.financial/m/news/1120348344?lang=&edition=fundamental","pubTime":"2022-08-25 21:39","market":"us","language":"en","title":"Grab Shares Plunged 11% in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1120348344","media":"Tiger Newspress","summary":"Grab shares plunged 11% in morning trading. Grab says delivery business softening, still 'laser-focu","content":"<html><head></head><body><p>Grab shares plunged 11% in morning trading. Grab says delivery business softening, still &#39;laser-focused&#39; on profitability.</p><p><img src=\"https://static.tigerbbs.com/e736ef4c2d212f5bc86c35d0b7b33f06\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>Singapore&#39;s Grab Holdings Ltd on Thursday slashed its gross merchandise volume (GMV) outlook for the year, blaming a strong dollar and cooling demand for food delivery services as consumers return to dining outdoors.</p><p>Grab and its peers recorded surging revenues during the pandemic as consumers stuck at home relied on ordering food. But as restrictions ease in most parts of Southeast Asia, consumers are heading out to grab their meals.</p><p>&#34;What we are seeing with some of the growth trends and consumer behavior is dining out has taken place,&#34; Chief Executive Officer Anthony Tan told analysts.</p><p>&#34;Customers want to save money... they may actually show a preference to order groceries to cook for themselves.&#34; Tan added, indicating Grab may stand to benefit from its grocery delivery business.</p><p>The company, which operates in 480 cities in eight countries in Southeast Asia, lifted the lower end of its revenue forecast for the year and said it was &#34;laser-focused&#34; on profitability as demand for rideshare across Southeast Asia peaks.</p><p>Tan said the company now plans to focus on launching new products that will help Grab focus on &#34;profitable loyal customers&#34; and lower the cost of serving users.</p><p>He also expects the rideshare business to rebound as economies reopen.</p><p>To cut costs, Grab said it would roll back incentives and promotions to lure drivers and users, exit unprofitable businesses such as its &#34;dark stones&#34; in some countries, and slow hiring.</p><p>The company forecast revenue between $1.25 billion and $1.3 billion for the year, compared with its prior range of $1.2 billion and $1.3 billion.</p><p>Grab forecast GMV growth between 21% and 25% for the year. On a constant currency basis, GMV is expected to grow between 25% and 29%, compared with its prior range of 30% and 35%.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab Shares Plunged 11% in Morning Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab Shares Plunged 11% in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-08-25 21:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Grab shares plunged 11% in morning trading. Grab says delivery business softening, still &#39;laser-focused&#39; on profitability.</p><p><img src=\"https://static.tigerbbs.com/e736ef4c2d212f5bc86c35d0b7b33f06\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>Singapore&#39;s Grab Holdings Ltd on Thursday slashed its gross merchandise volume (GMV) outlook for the year, blaming a strong dollar and cooling demand for food delivery services as consumers return to dining outdoors.</p><p>Grab and its peers recorded surging revenues during the pandemic as consumers stuck at home relied on ordering food. But as restrictions ease in most parts of Southeast Asia, consumers are heading out to grab their meals.</p><p>&#34;What we are seeing with some of the growth trends and consumer behavior is dining out has taken place,&#34; Chief Executive Officer Anthony Tan told analysts.</p><p>&#34;Customers want to save money... they may actually show a preference to order groceries to cook for themselves.&#34; Tan added, indicating Grab may stand to benefit from its grocery delivery business.</p><p>The company, which operates in 480 cities in eight countries in Southeast Asia, lifted the lower end of its revenue forecast for the year and said it was &#34;laser-focused&#34; on profitability as demand for rideshare across Southeast Asia peaks.</p><p>Tan said the company now plans to focus on launching new products that will help Grab focus on &#34;profitable loyal customers&#34; and lower the cost of serving users.</p><p>He also expects the rideshare business to rebound as economies reopen.</p><p>To cut costs, Grab said it would roll back incentives and promotions to lure drivers and users, exit unprofitable businesses such as its &#34;dark stones&#34; in some countries, and slow hiring.</p><p>The company forecast revenue between $1.25 billion and $1.3 billion for the year, compared with its prior range of $1.2 billion and $1.3 billion.</p><p>Grab forecast GMV growth between 21% and 25% for the year. On a constant currency basis, GMV is expected to grow between 25% and 29%, compared with its prior range of 30% and 35%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120348344","content_text":"Grab shares plunged 11% in morning trading. Grab says delivery business softening, still 'laser-focused' on profitability.Singapore's Grab Holdings Ltd on Thursday slashed its gross merchandise volume (GMV) outlook for the year, blaming a strong dollar and cooling demand for food delivery services as consumers return to dining outdoors.Grab and its peers recorded surging revenues during the pandemic as consumers stuck at home relied on ordering food. But as restrictions ease in most parts of Southeast Asia, consumers are heading out to grab their meals.\"What we are seeing with some of the growth trends and consumer behavior is dining out has taken place,\" Chief Executive Officer Anthony Tan told analysts.\"Customers want to save money... they may actually show a preference to order groceries to cook for themselves.\" Tan added, indicating Grab may stand to benefit from its grocery delivery business.The company, which operates in 480 cities in eight countries in Southeast Asia, lifted the lower end of its revenue forecast for the year and said it was \"laser-focused\" on profitability as demand for rideshare across Southeast Asia peaks.Tan said the company now plans to focus on launching new products that will help Grab focus on \"profitable loyal customers\" and lower the cost of serving users.He also expects the rideshare business to rebound as economies reopen.To cut costs, Grab said it would roll back incentives and promotions to lure drivers and users, exit unprofitable businesses such as its \"dark stones\" in some countries, and slow hiring.The company forecast revenue between $1.25 billion and $1.3 billion for the year, compared with its prior range of $1.2 billion and $1.3 billion.Grab forecast GMV growth between 21% and 25% for the year. On a constant currency basis, GMV is expected to grow between 25% and 29%, compared with its prior range of 30% and 35%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9055671139,"gmtCreate":1655270607621,"gmtModify":1676535601620,"author":{"id":"4096510429865230","authorId":"4096510429865230","name":"Maran08","avatar":"https://static.tigerbbs.com/f90f1c467b24e2ee11f9282b38dbe195","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4096510429865230","authorIdStr":"4096510429865230"},"themes":[],"htmlText":"Crypto is just a big hoax","listText":"Crypto is just a big hoax","text":"Crypto is just a big hoax","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9055671139","repostId":"1115916389","repostType":2,"repost":{"id":"1115916389","pubTimestamp":1655252237,"share":"https://ttm.financial/m/news/1115916389?lang=&edition=fundamental","pubTime":"2022-06-15 08:17","market":"other","language":"en","title":"Bitcoin Rout Hits \"Darkest\" Phase With Entire Market Underwater","url":"https://stock-news.laohu8.com/highlight/detail?id=1115916389","media":"Bloomberg","summary":"Market decline means it’s barely above cost basis: GlassnodeBitcoin trades like a penny stock, says ","content":"<html><head></head><body><ul><li>Market decline means it’s barely above cost basis: Glassnode</li><li>Bitcoin trades like a penny stock, says Nuveen’s Brian Nick</li></ul><p>The bear market for Bitcoin has entered its “deepest and darkest” phase, with even long-term holders who had toughed it out until now coming under extreme pressure.</p><p>That’s according to strategists at Glassnode, which tracks an indicator known as realized price, the average purchase price of all Bitcoins in circulation. The cryptocurrency is currently trading roughly $1,000 below the coin’s current realized price of $23,430, according to the firm. Bitcoin price was around $22,150 late Tuesday afternoon in New York.</p><p>“The current bear market is now entering a phase aligned with the deepest and darkest phases of previous bears,” the strategists wrote in a note. “The market, on average, is barely above its cost basis, and even long-term holders are now being purged from the holder base.”<img src=\"https://static.tigerbbs.com/257f987cc5ebbbb5ed75dbb7e5ec2155\" tg-width=\"909\" tg-height=\"541\" referrerpolicy=\"no-referrer\"/>Market watchers have become preoccupied with figuring out which cohorts of investors are getting hurt the most during the current crypto winter. With Bitcoin now hovering around December 2020 lows, many newer entrants are now underwater. Meanwhile, UBS strategists are monitoring Bitcoin miners -- whose businesses have been under pressure due to high energy costs and capex commitments -- for potential signs of capitulation, which could also have an impact on prices.</p><p>Digital-asset investors have been partially spooked by crypto lender Celsius Network Ltd. pausing withdrawals, swaps and transfers, though the broader market remains under duress after a key inflation print came in hotter than expected last week, meaning that the Federal Reserve will have to be aggressive in its attempts to cool rising prices.</p><p>Lori Calvasina, head of US Equity Strategy at RBC Markets, said she’d like to see Bitcoin stabilize. “It has become another helpful indicator of sentiment and risk assets generally,” she said on a podcast.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Rout Hits \"Darkest\" Phase With Entire Market Underwater</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Rout Hits \"Darkest\" Phase With Entire Market Underwater\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-15 08:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-06-14/bitcoin-rout-hits-darkest-phase-with-entire-market-underwater?srnd=markets-vp#xj4y7vzkg><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Market decline means it’s barely above cost basis: GlassnodeBitcoin trades like a penny stock, says Nuveen’s Brian NickThe bear market for Bitcoin has entered its “deepest and darkest” phase, with ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-06-14/bitcoin-rout-hits-darkest-phase-with-entire-market-underwater?srnd=markets-vp#xj4y7vzkg\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-06-14/bitcoin-rout-hits-darkest-phase-with-entire-market-underwater?srnd=markets-vp#xj4y7vzkg","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115916389","content_text":"Market decline means it’s barely above cost basis: GlassnodeBitcoin trades like a penny stock, says Nuveen’s Brian NickThe bear market for Bitcoin has entered its “deepest and darkest” phase, with even long-term holders who had toughed it out until now coming under extreme pressure.That’s according to strategists at Glassnode, which tracks an indicator known as realized price, the average purchase price of all Bitcoins in circulation. The cryptocurrency is currently trading roughly $1,000 below the coin’s current realized price of $23,430, according to the firm. Bitcoin price was around $22,150 late Tuesday afternoon in New York.“The current bear market is now entering a phase aligned with the deepest and darkest phases of previous bears,” the strategists wrote in a note. “The market, on average, is barely above its cost basis, and even long-term holders are now being purged from the holder base.”Market watchers have become preoccupied with figuring out which cohorts of investors are getting hurt the most during the current crypto winter. With Bitcoin now hovering around December 2020 lows, many newer entrants are now underwater. Meanwhile, UBS strategists are monitoring Bitcoin miners -- whose businesses have been under pressure due to high energy costs and capex commitments -- for potential signs of capitulation, which could also have an impact on prices.Digital-asset investors have been partially spooked by crypto lender Celsius Network Ltd. pausing withdrawals, swaps and transfers, though the broader market remains under duress after a key inflation print came in hotter than expected last week, meaning that the Federal Reserve will have to be aggressive in its attempts to cool rising prices.Lori Calvasina, head of US Equity Strategy at RBC Markets, said she’d like to see Bitcoin stabilize. “It has become another helpful indicator of sentiment and risk assets generally,” she said on a podcast.","news_type":1},"isVote":1,"tweetType":1,"viewCount":368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9050785879,"gmtCreate":1654242739691,"gmtModify":1676535419361,"author":{"id":"4096510429865230","authorId":"4096510429865230","name":"Maran08","avatar":"https://static.tigerbbs.com/f90f1c467b24e2ee11f9282b38dbe195","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4096510429865230","authorIdStr":"4096510429865230"},"themes":[],"htmlText":"Great news","listText":"Great news","text":"Great news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9050785879","repostId":"1190913824","repostType":2,"repost":{"id":"1190913824","pubTimestamp":1654236123,"share":"https://ttm.financial/m/news/1190913824?lang=&edition=fundamental","pubTime":"2022-06-03 14:02","market":"sg","language":"en","title":"Singapore Retail Sales up 12.1% in April As Tourists Return","url":"https://stock-news.laohu8.com/highlight/detail?id=1190913824","media":"The Business Times","summary":"SINGAPORE retail sales jumped by 12.1 percent in April, faster than the growth of 8.8 percent in the","content":"<html><head></head><body><p>SINGAPORE retail sales jumped by 12.1 percent in April, faster than the growth of 8.8 percent in the month before, with uplift from tourists’ return as international borders reopened.</p><p>On a seasonally adjusted, monthly basis, sales were up by 1.2 percent to S$3.7 billion, the Department of Statistics (SingStat) said on Friday (Jun 3). Online retail made up 12.5 percent.</p><p>Excluding big-ticket motor vehicles sales, retail receipts were up 17.4 percent year on year in April, and up by 1.7 percent month on month on a seasonally adjusted basis.</p><p>Revenue rose across almost all categories, with SingStat noting “higher demand for bags and footwear, partly boosted by higher tourist spending with the easing of border restrictions”:</p><ul><li>Department stores (17 percent)</li><li>Supermarkets and hypermarkets (9.3 percent)</li><li>Food and alcohol (21.5 percent)</li><li>Petrol service stations (23.9 percent)</li><li>Cosmetics, toiletries and medical goods (25.4 percent)</li><li>Wearing apparel and footwear (26.2 percent)</li><li>Furniture and household equipment (15.2 percent)</li><li>Watches and jewellery (16.3 percent)</li><li>Computer and telecommunications equipment (25.4 percent)</li></ul><p>Falls were registered in the remaining categories:</p><ul><li>Mini-marts and convenience stores (-6 percent)</li><li>Motor vehicles (-14.1 percent)</li><li>Recreational goods (-1.8 percent)</li><li>Optical goods and books (-8.2 percent)</li><li>Others (-1.5 percent)</li></ul><p>On a seasonally adjusted, month-on-month basis, the clothes and shoes, food and alcohol and department store segments saw marked double-digit growth, while sales of cosmetics, toiletries and medical goods and computer and telecom gear, among other categories, declined.</p><p>Food and beverage services saw sales grow by 11.4 percent year on year, which SingStat attributed to stricter capacity restrictions on dine-in services in the year-ago period.</p><p>On a monthly, seasonally adjusted basis, takings improved by 5.2 percent to S$815 million.</p><p>The year-on-year growth was seen across all segments of the industry:</p><ul><li>Restaurants (17.2 percent)</li><li>Fast food outlets (3.3 percent)</li><li>Caterers (77.7 percent)</li><li>Cafes, food courts and other eating places (3.3 percent)</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Retail Sales up 12.1% in April As Tourists Return</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Retail Sales up 12.1% in April As Tourists Return\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-03 14:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/government-economy/singapore-retail-sales-up-121-in-april-as-tourists-return><strong>The Business Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE retail sales jumped by 12.1 percent in April, faster than the growth of 8.8 percent in the month before, with uplift from tourists’ return as international borders reopened.On a seasonally ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/government-economy/singapore-retail-sales-up-121-in-april-as-tourists-return\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.businesstimes.com.sg/government-economy/singapore-retail-sales-up-121-in-april-as-tourists-return","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190913824","content_text":"SINGAPORE retail sales jumped by 12.1 percent in April, faster than the growth of 8.8 percent in the month before, with uplift from tourists’ return as international borders reopened.On a seasonally adjusted, monthly basis, sales were up by 1.2 percent to S$3.7 billion, the Department of Statistics (SingStat) said on Friday (Jun 3). Online retail made up 12.5 percent.Excluding big-ticket motor vehicles sales, retail receipts were up 17.4 percent year on year in April, and up by 1.7 percent month on month on a seasonally adjusted basis.Revenue rose across almost all categories, with SingStat noting “higher demand for bags and footwear, partly boosted by higher tourist spending with the easing of border restrictions”:Department stores (17 percent)Supermarkets and hypermarkets (9.3 percent)Food and alcohol (21.5 percent)Petrol service stations (23.9 percent)Cosmetics, toiletries and medical goods (25.4 percent)Wearing apparel and footwear (26.2 percent)Furniture and household equipment (15.2 percent)Watches and jewellery (16.3 percent)Computer and telecommunications equipment (25.4 percent)Falls were registered in the remaining categories:Mini-marts and convenience stores (-6 percent)Motor vehicles (-14.1 percent)Recreational goods (-1.8 percent)Optical goods and books (-8.2 percent)Others (-1.5 percent)On a seasonally adjusted, month-on-month basis, the clothes and shoes, food and alcohol and department store segments saw marked double-digit growth, while sales of cosmetics, toiletries and medical goods and computer and telecom gear, among other categories, declined.Food and beverage services saw sales grow by 11.4 percent year on year, which SingStat attributed to stricter capacity restrictions on dine-in services in the year-ago period.On a monthly, seasonally adjusted basis, takings improved by 5.2 percent to S$815 million.The year-on-year growth was seen across all segments of the industry:Restaurants (17.2 percent)Fast food outlets (3.3 percent)Caterers (77.7 percent)Cafes, food courts and other eating places (3.3 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