$Grab Holdings(GRAB)$ I repeat this again. Pls do not listen to some people who's been to South East Asia one or two times. They do not know the real South East Asia. Grab is not worth $40 bil. The fair value should be about $4 bil only. Grab's e-hailing biz is on down trend bcos of covid. Post covid, Grab's e-hailing will not return to pre covid times bcos of higher car ownership. People are more reluctant to take public transport (including e-hailing) bcos of covid fear. Grab Food indeed is leader in food delivery in South East Asia, but is facing intense competition from Food Panda, and many local food delivery companies and now Air Asia (anyone who has been to South East Asia regularly will know Air Asia) is into food delivery too. More more people are opting for dine in bcos more restaurants are allowing dine in. Grab will definitely not report any profits for the next 5 years. I will buy Grab when it is below $2.
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