And with their recent activities, it feels like there's still a focus on profitability > growth. thats not the investment narrative we first subscribed to when investing.
I think it's time to take my money elsewhere. As a hedge, I've also bought $GRAB 20240621 3.5 CALL$ at a relatively low cost. In the event earnings do support the growth narrative, I'll still be able to buy back a stake at the current price :)
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I think this is good enough. Nothing much has changed. Increasing revenue and narrowing losses. how long can they squeeze out revenue from the markets they're in?
Too embedded in their markets to fail, but too reliant on government support and capital intervention to continue pulling in revenue.
The earnings result is good enough to see the price tick up. Time to cash in on my hedge options as well and move on[Smile]