Grab just made its NASDAQ debut, but its stock price has done nothing but fall. Tough luck for this SEA company.
Even though it has become one of the leading ride-hailing apps in the region (now a superapp that’s becoming an essential in many people’s lives), its revenue has been infamously underperforming.
As of this past quarter, its revenue fell by 9% year-on-year. It’s aimingly for profitability by 2023, but to me, it’s puzzling why the company needs to take so long to become profitable. This does not inspire a lot of confidence, coupled with the less-than-stellar debut.
What do you think? To buy or to stay away? Is this company never going to thrive in the stock market? Or is the dip an opportunity not to be missed?
精彩评论