Mehhhhh
$Grab Holdings(GRAB.US$ Another super disappointing result. 6% of growth comparing to last year when most countries are in lockdown. This says their market is shrinking, not growing. Market recovery in other sectors are performing better than 6%.
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101823892_antony : Grab Revenue for the quarter ended March 31 was $228 million, up from $216 million a year earlier.Good to buy
laobei : Joker
Hilary Ho : Should just change the CEO.
102897068OP 101823892_antony: That’s easily achievable by giving lesser discounts. Jaya grocers most likely contributed as well. So, overall it’s not positive news to me.
Poop Turtle : The financial banking licence in spore and Malaysia is worth a lot more. I think 2nd half of 2022 will be more exciting when the digital bank is launch. Hope they will disrupt the housing loan market in spore and Msia.
102897068OP Poop Turtle: Not to be a bearer of bad news…. Do you know majority of the population in SG and MY has more than 2 bank accounts? The EBITA for their financial services is already in the negative zone. Launching another me-too product is not going to work.
102897068OP : Also, not to mention they most likely don’t have enough capital to be a bank and offer collateralised loans at the same time.
Poop Turtle 102897068OP: Based on assumption the 3 spore bank Qtr profit. And singtel as a partner. Toyota corporation as a shareholder. I think not difficult for singtel and Toyota corporation to shift some of their corporate banking needs to the new setup. Just depend how well they execute the linkage. Grab app allow it to advertise their banking services to it own customer based which i see it as a unfair advantage. Must see how well they can execute the process
Talklili : they will halt this tomorrow . Same mom and pop mentality operation