I have held GRAB since 3.40 so I am still well underwater. Averaged down twice this year, the last time at 2.62. This is…
I have held GRAB since 3.40 so I am still well underwater. Averaged down twice this year, the last time at 2.62. This is the first print in a long while that gave me a reason to stay rather than a reason to explain myself.
What actually changed for me is the top end of the net profit guide going to US$800m. EBITDA I can argue with. A profit forecast I find harder to wave away.
What still bothers me is two things. Indonesia capping the motorbike commission, which hits the highest frequency part of the business. And Waymo saying it wants robotaxis in Singapore by 2028. I use Grab every single day and I would still try a driverless option on day one, which probably tells me more about how sticky this is than any slide in the deck.
Plan from here. I add at 2.60 if it comes back there. I trim half above 3.40, which is where I started. Nothing in between.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.