$Grab Holdings(GRAB)$if you're still thinking about what
holding in this Fed taper environment, rethink. My PT earlier mentioned will be achieved. I was thinking $3 a share, but the landing point may well be around $5 to $6.50. No crystal ball, but given that Grab just burnt more money buying a supermarket chain, it means it is trying to use the dynamics of showing growing revenue in some way.
Sounds good? Nope. They paid a darn huge premium for it. Yes, your FOMO shareholders money. Not the management's. They will burn your money to show it on their annual report that they grew revenue. Then hope the profit margins from that supermarket chain will make up and cover losses from the ride hailing services. That is classic MBA diversification. Unfortunately, the smart money sees through this and opens the shorts immediately on the share.
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