My plan in buying Grab (Or not to)
$Grab Holdings(GRAB)$'s price rose yesterday (19 Jul) after JP Morgan raised its out look on Grab to $3 and cited an easing economic which Grab would benefit from as mobility increased.
While I loved that the price increased, I would like to caution all that an outlook does not mean a change in business model. All this while, what JP Morgan is saying is what I thought was logical in happening, that Grab would profit from easing COVID-19 measures.
But this post is not to boast. It's rather to say I wouldn't change my buying habits on Grab because of the outlook but to watch for the earnings report to confirm that its business model works.
Practical? Maybe. But to suddenly buy in in a large amount? I would advise against this with its higher price today. I may be bullish on Grab but its important to have a strategy on it.
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Way to go