To The Moon

$Grab Holdings(GRAB)$ 

Grab Holdings is a Singaporean multinational technology company. It is the developer of the Grab super-app, which provides users with transportation, food delivery and digital payments services via a mobile app. Grab currently operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand and Vietnam.

One of the concerns is when can the company turn profitable? Grab lost US$3.4 billion in 2021 and has piled up almost US$1.3 billion of losses in the first 3 quarters of 2022. How much more money can it afford to lose??

Q1 revenue = US$228M, Loss = US$435M

Q2 revenue = US$321M, Loss = US$572M

Q3 revenue = US$382M, Loss = US$342M

Although its revenue is gradually increasing, one should note that its operational & compensation expenses are high ~US$600M. In such high-interest environment, it's still safer in profitable companies as it's more expensive to raise funds. Furthermore, higher interest rate/inflation would erode the spending power of consumers and may potentially lead to lower taxi or food delivery expenses.

Anyone here still taking taxi or ordering food delivery on a daily basis?? To play safe, I'm avoiding it. What do you think? Let me know your thoughts!

@Daily_Discussion @CaptainTiger @TigerStars @MillionaireTiger