MUFG BANK owning almost 143 million shares of GRAB should be a very good sign for things to come. A large investment that as the yahoo news states is over 60% of their portfolio.
MUFG is a Japan bank with branches thru out Asia. It would be nice to imagine that Grab will expand even more. Perhaps Japan?
Currently the Grab ap can be used in support of another platform in Tokyo, however a direct network is not set up.
Grab expansion into Japan or Korea would be a great catalyst to send the stock up. Us small investors would never know future plans. The big boys do. Follow them and we should be fine.
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Thing should be normalizing by now, I think the industry will be doing good down the road