UsTiger personal page - To The Moon

UsTiger

No personal profile

22Follow

2Followers

0Topic

0Badge

2022-06-20

Caught in a bear market

Sorry, the original content has been removed

2022-06-15

Going up?

Dear Twitter Stock Fans, Mark Your Calendars for June 16

Go to Tiger App to see more news

{"i18n":{"language":"en_US"},"userPageInfo":{"id":"4117754276615892","uuid":"4117754276615892","gmtCreate":1654651197730,"gmtModify":1654651197730,"name":"UsTiger","pinyin":"ustiger","introduction":"","introductionEn":"","signature":"","avatar":"https://static.laohu8.com/default-avatar.jpg","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":2,"headSize":22,"tweetSize":2,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"init","userBadges":[{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.08.02","exceedPercentage":"93.22%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"1026c425416b44e0aac28c11a0848493-1","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Debut Tiger","description":"Join the tiger community for 500 days","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.23","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Boss Tiger","description":"The transaction amount of the securities account reaches $100,000","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"60.71%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.06.11","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":4,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":5,"crmLevelSwitch":1,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":9049074277,"gmtCreate":1655730458800,"gmtModify":1676535693952,"author":{"id":"4117754276615892","authorId":"4117754276615892","name":"UsTiger","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4117754276615892","authorIdStr":"4117754276615892"},"themes":[],"htmlText":"Caught in a bear market","listText":"Caught in a bear market","text":"Caught in a bear market","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9049074277","repostId":"2244176410","repostType":4,"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9055870410,"gmtCreate":1655259776630,"gmtModify":1676535598651,"author":{"id":"4117754276615892","authorId":"4117754276615892","name":"UsTiger","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4117754276615892","authorIdStr":"4117754276615892"},"themes":[],"htmlText":"Going up?","listText":"Going up?","text":"Going up?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9055870410","repostId":"1192900751","repostType":2,"repost":{"id":"1192900751","kind":"news","pubTimestamp":1655259028,"share":"https://ttm.financial/m/news/1192900751?lang=&edition=fundamental","pubTime":"2022-06-15 10:10","market":"us","language":"en","title":"Dear Twitter Stock Fans, Mark Your Calendars for June 16","url":"https://stock-news.laohu8.com/highlight/detail?id=1192900751","media":"InvestorPlace","summary":"Elon Musk will speak at Twitter's all-hands meeting on June 16.Employees of the social media platfor","content":"<html><head></head><body><ul><li>Elon Musk will speak at <a href=\"https://laohu8.com/S/TWTR\">Twitter</a>&#39;s all-hands meeting on June 16.</li><li>Employees of the social media platform will be able to ask him questions in advance.</li><li>Shares of TWTR stock are down about 10% year-to-date.</li></ul><p><a href=\"https://laohu8.com/S/TWTR\">Twitter</a> stock is in the spotlight following an announcement from CEO Parag Agrawal. Agrawal explained that Elon Musk would participate at the Twitter all-hands meeting on Thursday, June 16. Employees will be able to submit questions to the <a href=\"https://laohu8.com/S/TSLA\">Tesla</a> CEO in advance.</p><p>In April, Musk agreed to acquire the social media platform for $44 billion. This created quite a controversy for Twitter employees, as Musk questioned the company’s operations and bot count. He even went as far as saying that the deal could be terminated unless Twitter proves that bots account for 5% or less of its users. Meanwhile, research firm GlobalData conducted a study on the number of Twitter bots. The firm concluded that bots comprise about 10% of all accounts. Some investors have also speculated that Musk is bringing up the bot data as a way to back out of the deal.</p><p>As a result, the uncertainty of the deal has left employees uneasy about their jobs.</p><h3>Musk to Participate in Twitter All-Hands Meeting</h3><p>Musk’s potential acquisition of Twitter would undoubtedly result in massive changes for the company. He has stated that he will add an edit button, increase the tweet character limit, and make the platform’s algorithm visible to the public. In addition, Musk recently required all Tesla employees to be in the office for at least 40 hours per week. Because of this, some Twitter employees suspect that he may enact this policy at Twitter as well if the acquisition goes through.</p><p>Last week, Twitter’s board reportedly offered to give Musk access to its “firehose data.” The firehose data is Twitter’s massive stream of data that contains more than 500 million tweets per day. Last week, it was reported that the data “could be provided as soon as this week.”</p><p>However, Twitter executives are skeptical that Musk’s access to the data could provide any new information. This is because more than 20 companies already have access to the data for several years. These companies pay Twitter for the data to find social patterns among users.</p><p>Ultimately, an understatement of bots could directly affect Twitter’s financials, as well as advertising efficiency. Daily active users (DAUs) is a key statistic to track for social media companies. If proven that Twitter has been understating their bot count, TWTR stock could plunge.</p></body></html>","source":"lsy1606302653667","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>Dear Twitter Stock Fans, Mark Your Calendars for June 16</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\">\nDear Twitter Stock Fans, Mark Your Calendars for June 16\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-15 10:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/dear-twitter-twtr-stock-fans-mark-your-calendars-for-june-16/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Elon Musk will speak at Twitter's all-hands meeting on June 16.Employees of the social media platform will be able to ask him questions in advance.Shares of TWTR stock are down about 10% year-to-date....</p>\n\n<a href=\"https://investorplace.com/2022/06/dear-twitter-twtr-stock-fans-mark-your-calendars-for-june-16/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter"},"source_url":"https://investorplace.com/2022/06/dear-twitter-twtr-stock-fans-mark-your-calendars-for-june-16/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192900751","content_text":"Elon Musk will speak at Twitter's all-hands meeting on June 16.Employees of the social media platform will be able to ask him questions in advance.Shares of TWTR stock are down about 10% year-to-date.Twitter stock is in the spotlight following an announcement from CEO Parag Agrawal. Agrawal explained that Elon Musk would participate at the Twitter all-hands meeting on Thursday, June 16. Employees will be able to submit questions to the Tesla CEO in advance.In April, Musk agreed to acquire the social media platform for $44 billion. This created quite a controversy for Twitter employees, as Musk questioned the company’s operations and bot count. He even went as far as saying that the deal could be terminated unless Twitter proves that bots account for 5% or less of its users. Meanwhile, research firm GlobalData conducted a study on the number of Twitter bots. The firm concluded that bots comprise about 10% of all accounts. Some investors have also speculated that Musk is bringing up the bot data as a way to back out of the deal.As a result, the uncertainty of the deal has left employees uneasy about their jobs.Musk to Participate in Twitter All-Hands MeetingMusk’s potential acquisition of Twitter would undoubtedly result in massive changes for the company. He has stated that he will add an edit button, increase the tweet character limit, and make the platform’s algorithm visible to the public. In addition, Musk recently required all Tesla employees to be in the office for at least 40 hours per week. Because of this, some Twitter employees suspect that he may enact this policy at Twitter as well if the acquisition goes through.Last week, Twitter’s board reportedly offered to give Musk access to its “firehose data.” The firehose data is Twitter’s massive stream of data that contains more than 500 million tweets per day. Last week, it was reported that the data “could be provided as soon as this week.”However, Twitter executives are skeptical that Musk’s access to the data could provide any new information. This is because more than 20 companies already have access to the data for several years. These companies pay Twitter for the data to find social patterns among users.Ultimately, an understatement of bots could directly affect Twitter’s financials, as well as advertising efficiency. Daily active users (DAUs) is a key statistic to track for social media companies. If proven that Twitter has been understating their bot count, TWTR stock could plunge.","news_type":1},"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9049074277,"gmtCreate":1655730458800,"gmtModify":1676535693952,"author":{"id":"4117754276615892","authorId":"4117754276615892","name":"UsTiger","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4117754276615892","authorIdStr":"4117754276615892"},"themes":[],"htmlText":"Caught in a bear market","listText":"Caught in a bear market","text":"Caught in a bear market","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9049074277","repostId":"2244176410","repostType":4,"repost":{"id":"2244176410","kind":"news","pubTimestamp":1655738703,"share":"https://ttm.financial/m/news/2244176410?lang=&edition=fundamental","pubTime":"2022-06-20 23:25","market":"us","language":"en","title":"Grab Holdings: Speculative, Despite 85% Sell-Off","url":"https://stock-news.laohu8.com/highlight/detail?id=2244176410","media":"Seekingalpha","summary":"SummaryGrab Holdings Limited is a major tech/internet company based in Singapore. Grab operates a Su","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Grab Holdings Limited is a major tech/internet company based in Singapore. Grab operates a Super App that connects drivers/merchants and consumers in four major service brackets.</li><li>The challenge in evaluating Grab is given by the tension between extremely high growth potential on one hand and scary economics/financials on the other hand.</li><li>In general, analysts are quite bullish on Grab, with a consensus target price of $4.74/share – indicating approximately 70% upside.</li><li>To value Grab, I would suggest using a x20 EV/EBITDA multiple, anchored on Grab&#39;s 2025 financial numbers and discounted back to 2020.</li><li>I initiate with a HOLD recommendation and a $2.19/share target price.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5f3a3741b0a8e4c24fe77ef7d8b40b4a\" tg-width=\"1080\" tg-height=\"721\" referrerpolicy=\"no-referrer\"/><span>Luis Alvarez/DigitalVision via Getty Images</span></p><p>Should you buy Grab (NASDAQ:GRAB), as the stock is down approximately 85% from ATH? Depends: On one hand, you have extremely high growth potential and on the other hand, you have truly scary economics/financials. Thus, investing in Grab is allabout speculation, in my opinion. I initiate with a HOLD recommendation and a $2.19/share target price.</p><p><b>About Grab</b></p><p>Grab Holdings Limited is a major tech/internet company based in Singapore. Grab operates a Super App Platform in SEA connects drivers/merchants and consumers in four major service brackets: 1) food and groceries deliveries, 2) mobility and ride-hailing services, 3) financial services and 4) new initiatives. Grab has presence in Singapore, Philippines, Malaysia, Thailand, Indonesia, Vietnam, Cambodia and Myanmar. Widely considered amongst the world’s highest potential growth assets, Grab was one of the most strongly expected IPOs in 2021 – as the company went public via SPAC and raised $4.5 billion in equity funding.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/08fb975ea3ebae1636594898289e058b\" tg-width=\"640\" tg-height=\"356\" referrerpolicy=\"no-referrer\"/><span>Grab Investor Presentation, April 2021</span></p><p><b>No profitability vs Strong growth</b></p><p>The challenge in evaluating Grab is given by the tension between extremely high growth potential on one hand and scary economics/financials on the other hand. The question for shareholder is: what side will persevere? Will the company grow to become profitable as Amazon managed to do? Or are Grab’s fundamentals going to break the company? In the past few years the growth narrative prevailed, as funding was cheap and easy. Now, however, the market appears to value profitability, as funding becomes hard and expensive. And so Grab might have a hard time to sustain the company’s operations. Let&#39;s have a look at the growth/potential versus profitability/financials tension in more detail.</p><p>If I were to bet on a growth asset, I would look for exposure in South East Asia — a market with approximately 600 million population, accelerating digital penetration and attractive GDP growth. And, Grab is well positioned to capture a large market opportunity in this economy with a leading position in grocery and food delivery (1) and ride-hailing (2) and attractive growth optionality in fintech (3).According to company presentations, Grab management estimates the company’s addressable market at $250 billion.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5216a12e9f488bb78345049205cb1fa1\" tg-width=\"640\" tg-height=\"356\" referrerpolicy=\"no-referrer\"/><span>Grab Investor Presentation, April 2021</span></p><p>Grab’s technology-centric super-app strategy enables the company to cross-sell on multiple growth verticals and tap in virtuous tailwinds from network effects. As of 2021, Grab had 72% market share of the region&#39;s ride-hailing market. In addition, the market holds a 50% market share in food and grocery delivery. While the company’s fintech operations are still in early stages, Grab managed to obtain a digital banking license in Malaysia, Indonesia and Singapore.</p><p><b>Financials</b></p><p>In 2021, Grab recorded revenues of $675 million and lost scary -$3.5 billion attributable to shareholders, or -$0.95/share. However, $1.99 billion of this loss were due to non-operating loss (finance-costs). That said, cash from operations was a little more comforting at negative $1 billion – but still a danger signal. My personal takeaway is that Grab currently finances loss-making operations with significant funding costs (be it equity or debt). And as the market is turning cautious with giving funding to growth companies, this might not only pressure Grab’s operations, but also the company’s future—if funding freezes for too long.</p><p>On the positive site,Grab’s balance sheet looks solid and could sustain a few more years of considerable losses and growth investing. As of Q1 2022, Grab records. $7.5 billion in cash and cash equivalents and $2.34 of total debt. Moreover, the company’s asset quality looks solid, with only $675 million of intangibles and no significant position in inventories or accounts receivable. Moreover, Grab records no significant mark-to-market investments and derivatives that could hurt investors on a re-valuation.</p><p><b>How analysts see it</b></p><p>In general, analysts are quite bullish on Grab, with a consensus target price of $4.74/share – indicating approximately 70% upside. According to the Bloomberg Terminal, as of June 2022, analyst see Grab’s revenues in 2025 at $4.55 billion. This would equal a 3-year CAGR of approximately 30%, from 2022 to 2025. Moreover, the company is expected to break-even in the same year, recording EBITDA of $450 million and a net-income attributable to shareholders of $0.11/share.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/79a8b39a49f890d74f8971d2c50563a4\" tg-width=\"640\" tg-height=\"181\" referrerpolicy=\"no-referrer\"/><span>Seeking Alpha</span></p><p><b>Valuation</b></p><p>While it is difficult to value Grab – especially since the company’s operations need to be projected for multiple years into the future, I would like to draft a multiples valuation to give investors and readers an anchor for their decision-making. Specifically, I would suggest using a x20 EV/EBITDA multiple, anchored on Grab&#39;s 2025 financial numbers and discounted back to 2020. This multiple is in line with Amazon&#39;s trading price. That said, based on a $450 million EBITDA and a 10% WACC, I calculate a 2022 enterprise value of $6.7 billion and an equity value of $8.4 billion, or $2.19/share. Please note, however, that this model should only be taken as a very rough reference.</p><p>In my opinion, Grab is high-risk/high-reward. If the company manages to capture the large market in SEA, then stock valuation could possibly surpass $100 billion. If, however, Grab cannot sustain operations due to non-existent profitability -- paired with frozen capital markets -- the stock could still go much lower. I initiate with a HOLD recommendation and a $2.19/share target price.</p><p>This article was written by Cavenagh Research.</p></body></html>","source":"seekingalpha","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 Holdings: Speculative, Despite 85% Sell-Off</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 Holdings: Speculative, Despite 85% Sell-Off\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-20 23:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4519048-grab-stock-speculative-despite-85-percent-sell-off><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryGrab Holdings Limited is a major tech/internet company based in Singapore. Grab operates a Super App that connects drivers/merchants and consumers in four major service brackets.The challenge ...</p>\n\n<a href=\"https://seekingalpha.com/article/4519048-grab-stock-speculative-despite-85-percent-sell-off\">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/4519048-grab-stock-speculative-despite-85-percent-sell-off","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2244176410","content_text":"SummaryGrab Holdings Limited is a major tech/internet company based in Singapore. Grab operates a Super App that connects drivers/merchants and consumers in four major service brackets.The challenge in evaluating Grab is given by the tension between extremely high growth potential on one hand and scary economics/financials on the other hand.In general, analysts are quite bullish on Grab, with a consensus target price of $4.74/share – indicating approximately 70% upside.To value Grab, I would suggest using a x20 EV/EBITDA multiple, anchored on Grab's 2025 financial numbers and discounted back to 2020.I initiate with a HOLD recommendation and a $2.19/share target price.Luis Alvarez/DigitalVision via Getty ImagesShould you buy Grab (NASDAQ:GRAB), as the stock is down approximately 85% from ATH? Depends: On one hand, you have extremely high growth potential and on the other hand, you have truly scary economics/financials. Thus, investing in Grab is allabout speculation, in my opinion. I initiate with a HOLD recommendation and a $2.19/share target price.About GrabGrab Holdings Limited is a major tech/internet company based in Singapore. Grab operates a Super App Platform in SEA connects drivers/merchants and consumers in four major service brackets: 1) food and groceries deliveries, 2) mobility and ride-hailing services, 3) financial services and 4) new initiatives. Grab has presence in Singapore, Philippines, Malaysia, Thailand, Indonesia, Vietnam, Cambodia and Myanmar. Widely considered amongst the world’s highest potential growth assets, Grab was one of the most strongly expected IPOs in 2021 – as the company went public via SPAC and raised $4.5 billion in equity funding.Grab Investor Presentation, April 2021No profitability vs Strong growthThe challenge in evaluating Grab is given by the tension between extremely high growth potential on one hand and scary economics/financials on the other hand. The question for shareholder is: what side will persevere? Will the company grow to become profitable as Amazon managed to do? Or are Grab’s fundamentals going to break the company? In the past few years the growth narrative prevailed, as funding was cheap and easy. Now, however, the market appears to value profitability, as funding becomes hard and expensive. And so Grab might have a hard time to sustain the company’s operations. Let's have a look at the growth/potential versus profitability/financials tension in more detail.If I were to bet on a growth asset, I would look for exposure in South East Asia — a market with approximately 600 million population, accelerating digital penetration and attractive GDP growth. And, Grab is well positioned to capture a large market opportunity in this economy with a leading position in grocery and food delivery (1) and ride-hailing (2) and attractive growth optionality in fintech (3).According to company presentations, Grab management estimates the company’s addressable market at $250 billion.Grab Investor Presentation, April 2021Grab’s technology-centric super-app strategy enables the company to cross-sell on multiple growth verticals and tap in virtuous tailwinds from network effects. As of 2021, Grab had 72% market share of the region's ride-hailing market. In addition, the market holds a 50% market share in food and grocery delivery. While the company’s fintech operations are still in early stages, Grab managed to obtain a digital banking license in Malaysia, Indonesia and Singapore.FinancialsIn 2021, Grab recorded revenues of $675 million and lost scary -$3.5 billion attributable to shareholders, or -$0.95/share. However, $1.99 billion of this loss were due to non-operating loss (finance-costs). That said, cash from operations was a little more comforting at negative $1 billion – but still a danger signal. My personal takeaway is that Grab currently finances loss-making operations with significant funding costs (be it equity or debt). And as the market is turning cautious with giving funding to growth companies, this might not only pressure Grab’s operations, but also the company’s future—if funding freezes for too long.On the positive site,Grab’s balance sheet looks solid and could sustain a few more years of considerable losses and growth investing. As of Q1 2022, Grab records. $7.5 billion in cash and cash equivalents and $2.34 of total debt. Moreover, the company’s asset quality looks solid, with only $675 million of intangibles and no significant position in inventories or accounts receivable. Moreover, Grab records no significant mark-to-market investments and derivatives that could hurt investors on a re-valuation.How analysts see itIn general, analysts are quite bullish on Grab, with a consensus target price of $4.74/share – indicating approximately 70% upside. According to the Bloomberg Terminal, as of June 2022, analyst see Grab’s revenues in 2025 at $4.55 billion. This would equal a 3-year CAGR of approximately 30%, from 2022 to 2025. Moreover, the company is expected to break-even in the same year, recording EBITDA of $450 million and a net-income attributable to shareholders of $0.11/share.Seeking AlphaValuationWhile it is difficult to value Grab – especially since the company’s operations need to be projected for multiple years into the future, I would like to draft a multiples valuation to give investors and readers an anchor for their decision-making. Specifically, I would suggest using a x20 EV/EBITDA multiple, anchored on Grab's 2025 financial numbers and discounted back to 2020. This multiple is in line with Amazon's trading price. That said, based on a $450 million EBITDA and a 10% WACC, I calculate a 2022 enterprise value of $6.7 billion and an equity value of $8.4 billion, or $2.19/share. Please note, however, that this model should only be taken as a very rough reference.In my opinion, Grab is high-risk/high-reward. If the company manages to capture the large market in SEA, then stock valuation could possibly surpass $100 billion. If, however, Grab cannot sustain operations due to non-existent profitability -- paired with frozen capital markets -- the stock could still go much lower. I initiate with a HOLD recommendation and a $2.19/share target price.This article was written by Cavenagh Research.","news_type":1},"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9055870410,"gmtCreate":1655259776630,"gmtModify":1676535598651,"author":{"id":"4117754276615892","authorId":"4117754276615892","name":"UsTiger","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4117754276615892","authorIdStr":"4117754276615892"},"themes":[],"htmlText":"Going up?","listText":"Going up?","text":"Going up?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9055870410","repostId":"1192900751","repostType":2,"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}