$Grab Holdings(GRAB)$ or Dash?!
Being in Singapore, a Singapore tech company founded by a Malaysian with deep pockets and strong connections is always something that pips my excitement.
Started as a protectionism mechanism to protect against the sprawling web of $Uber(UBER)$ at the time, fuelled by $DiDi Global Inc.(DIDIY)$ success in China, Grab quickly gained prominence in the Singapore and Malaysia market.
From a consumer perspective and my experience with the various acquaintances working in Grab and gig workers supporting grab, I would say Grab is, at best, a leaking ship. They are losing talents and gig workers to the manpower crunch in this region. I'm not 100% sure of the reaaon, but my gut tells me the stakeholders are running out of patience and they are pushing for the bottom line.
As a retailer investor, money is finite and there are definitely better places to put your money.
Post-note - I am a swing trader who spends 2hrs a day after my daughter sleeps every night. I am focused on momentum and growth stocks, but I'm bad at timing entry/exit so read at your own discretion.
help me decide my next pick!(Single choice)Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Great ariticle, would you like to share it?