No profit track record. So inv

4
Comment
Favorite

Ah Chua
2022-03-03

No profit track record. So investors are just buyinghope.

Grab's Growing Investments Hurt Quarterly Revenue

March 3 (Reuters) - Grab Holdings Ltd, the largest ride-hailing and food delivery firm in Southeast

Grab's Growing Investments Hurt Quarterly Revenue

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.

Report

Comment

Top
Latest

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":9033583565,"tweetId":"9033583565","gmtCreate":1646314443487,"gmtModify":1676534115848,"author":{"id":4104985589235020,"idStr":"4104985589235020","authorId":4104985589235020,"authorIdStr":"4104985589235020","name":"Ah Chua","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":2,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>No profit track record. So investors are just buyinghope.&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>No profit track record. So investors are just buyinghope.&nbsp;</p></body></html>","text":"No profit track record. So investors are just buyinghope.","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9033583565","repostId":2216248122,"repostType":2,"repost":{"id":"2216248122","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1646311737,"share":"https://www.laohu8.com/m/news/2216248122?lang=&edition=full","pubTime":"2022-03-03 20:48","market":"sg","language":"en","title":"Grab's Growing Investments Hurt Quarterly Revenue","url":"https://stock-news.laohu8.com/highlight/detail?id=2216248122","media":"Reuters","summary":"March 3 (Reuters) - Grab Holdings Ltd, the largest ride-hailing and food delivery firm in Southeast ","content":"<html><head></head><body><p>March 3 (Reuters) - <a href=\"https://laohu8.com/S/GRAB\">Grab Holdings</a> Ltd, the largest ride-hailing and food delivery firm in Southeast Asia, on Thursday reported a fall in revenue for the fourth quarter as it spent more on driver commissions and promotional offers.</p><p>Grab shares dropped more than 5% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/06a8f504613dc7b9c7361e1e5bb0432b\" tg-width=\"840\" tg-height=\"620\" referrerpolicy=\"no-referrer\"/></p><p>Singapore-based Grab, in its first quarterly earnings report as a public company, said it invested in improving commissions for drivers to keep a steady supply amid the pandemic.</p><p>Founded in 2012 as a regional taxi app in Malaysia, SoftBank Group-backed Grab operates a &#34;super app&#34;, which provides ride-hailing, food and grocery delivery, mobile banking and payments in Southeast Asia.</p><p>The delivery unit, which operates the GrabFood app a leading food delivery service in Southeast Asian countries including Singapore and Malaysia, recorded a 98% decline in revenue in the fourth quarter, hurt by people using coupons for payments.</p><p>Mobility revenue was down 27%.</p><p>Chief Financial Officer Peter Oey said in an interview that the driver demand shot up and the company was still catching up in terms of supply.</p><p>&#34;All those elements (investments) will pay off in the long term,&#34; Oey said, adding that its two biggest units - mobility and delivery - were strong going into the first quarter.</p><p>Grab, which combined with blank check firm <a href=\"https://laohu8.com/S/AGCUU\">Altimeter Growth</a> Corp in a $40 billion merger last year and went public in December, is also seeing rising competition from other &#34;super apps&#34; that provide a host of services under one app such as Gojek in Indonesia.</p><p>Grab&#39;s gross merchandise volume rose 26% to $4.5 billion in the quarter, powered by a 52% rise in deliveries and 29% in its financial services segment, even as the mobility segment saw a 11% drop.</p><p>Revenue was $122 million for the three months ended Dec. 31, compared with $219 million a year ago.</p><p>Loss for the period was $1.1 billion, which included expenses related to its IPO, compared with a loss of $635 million a year earlier.</p></body></html>","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's Growing Investments Hurt Quarterly Revenue</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's Growing Investments Hurt Quarterly Revenue\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-03-03 20:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>March 3 (Reuters) - <a href=\"https://laohu8.com/S/GRAB\">Grab Holdings</a> Ltd, the largest ride-hailing and food delivery firm in Southeast Asia, on Thursday reported a fall in revenue for the fourth quarter as it spent more on driver commissions and promotional offers.</p><p>Grab shares dropped more than 5% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/06a8f504613dc7b9c7361e1e5bb0432b\" tg-width=\"840\" tg-height=\"620\" referrerpolicy=\"no-referrer\"/></p><p>Singapore-based Grab, in its first quarterly earnings report as a public company, said it invested in improving commissions for drivers to keep a steady supply amid the pandemic.</p><p>Founded in 2012 as a regional taxi app in Malaysia, SoftBank Group-backed Grab operates a &#34;super app&#34;, which provides ride-hailing, food and grocery delivery, mobile banking and payments in Southeast Asia.</p><p>The delivery unit, which operates the GrabFood app a leading food delivery service in Southeast Asian countries including Singapore and Malaysia, recorded a 98% decline in revenue in the fourth quarter, hurt by people using coupons for payments.</p><p>Mobility revenue was down 27%.</p><p>Chief Financial Officer Peter Oey said in an interview that the driver demand shot up and the company was still catching up in terms of supply.</p><p>&#34;All those elements (investments) will pay off in the long term,&#34; Oey said, adding that its two biggest units - mobility and delivery - were strong going into the first quarter.</p><p>Grab, which combined with blank check firm <a href=\"https://laohu8.com/S/AGCUU\">Altimeter Growth</a> Corp in a $40 billion merger last year and went public in December, is also seeing rising competition from other &#34;super apps&#34; that provide a host of services under one app such as Gojek in Indonesia.</p><p>Grab&#39;s gross merchandise volume rose 26% to $4.5 billion in the quarter, powered by a 52% rise in deliveries and 29% in its financial services segment, even as the mobility segment saw a 11% drop.</p><p>Revenue was $122 million for the three months ended Dec. 31, compared with $219 million a year ago.</p><p>Loss for the period was $1.1 billion, which included expenses related to its IPO, compared with a loss of $635 million a year earlier.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2216248122","content_text":"March 3 (Reuters) - Grab Holdings Ltd, the largest ride-hailing and food delivery firm in Southeast Asia, on Thursday reported a fall in revenue for the fourth quarter as it spent more on driver commissions and promotional offers.Grab shares dropped more than 5% in premarket trading.Singapore-based Grab, in its first quarterly earnings report as a public company, said it invested in improving commissions for drivers to keep a steady supply amid the pandemic.Founded in 2012 as a regional taxi app in Malaysia, SoftBank Group-backed Grab operates a \"super app\", which provides ride-hailing, food and grocery delivery, mobile banking and payments in Southeast Asia.The delivery unit, which operates the GrabFood app a leading food delivery service in Southeast Asian countries including Singapore and Malaysia, recorded a 98% decline in revenue in the fourth quarter, hurt by people using coupons for payments.Mobility revenue was down 27%.Chief Financial Officer Peter Oey said in an interview that the driver demand shot up and the company was still catching up in terms of supply.\"All those elements (investments) will pay off in the long term,\" Oey said, adding that its two biggest units - mobility and delivery - were strong going into the first quarter.Grab, which combined with blank check firm Altimeter Growth Corp in a $40 billion merger last year and went public in December, is also seeing rising competition from other \"super apps\" that provide a host of services under one app such as Gojek in Indonesia.Grab's gross merchandise volume rose 26% to $4.5 billion in the quarter, powered by a 52% rise in deliveries and 29% in its financial services segment, even as the mobility segment saw a 11% drop.Revenue was $122 million for the three months ended Dec. 31, compared with $219 million a year ago.Loss for the period was $1.1 billion, which included expenses related to its IPO, compared with a loss of $635 million a year earlier.","news_type":1},"isVote":1,"tweetType":1,"viewCount":458,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":49,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}