As GRAB is currently on the fine line of profit or loss. We definitely know that the company is going in the right direction as they are slowly cutting off low/no profit margin users, and also earning multiple streams of revenue ranging from rides to food delivery to finance.
As they start to have cultivated an increasing number of habitual users, merchants, drivers and corporate clients, we may see them turning into the profit zone in either today's earnings or the next 1-2 quarters. They should be if not already is South East Asia largest private transport provider.
As digital banking gains traction in Singapore and globally, it is a huge trillion dollar pie for them to tap on.
With an ambitious leader, I'm sure they will want to attempt to expand out of Asia going into other regions.
Modify on 2024-02-23 02:29
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