Everyone mention GRAB is a must buy stock. Just because GRAB is popular in SE Asia, does not mean that it is a good company to invest in.
By looking at the recent earning, it has lost huge sum of money. Many will see it as using it to grow the company into the different industry. GRAB is no longer considered a start-up, with the amount of money it is burning and no clear direction of earning back the money. It is always going to be a losing model. It has beenlosing tons of money over the last 5 years.
Everyone will say let's DCA the stock. It is a long term stock. Is it really worth it?
Amidst the inflated market, the stock will further drop. Many analysts have started downgrading the stock. I will continue my stance to buy a PUT on it. This stock will likely drop to 3 dollars or lesser soon
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$1 by Dec
The recovery maybe slow but gradually up.
https://investors.grab.com/news-releases/news-release-details/grab-reports-fourth-quarter-and-full-year-2021-results