Grab, established in 2012, is a multifaceted platform offering ride-sharing, food and grocery delivery, and financial services across eight Southeast-Asian countries. It dominates the market, especially in ride-sharing and food delivery, accounting for 89% of its revenue, with significant contributions from Singapore and Malaysia. Grab competes with Foodpanda and Gojek but is focusing on organic growth and AI technology investments to achieve full-year profitability, as stated by CFO Peter Oey. Despite its financial services being in early stages, Grab has also started generating advertising revenue, marking its first quarterly profit recently.
Coming down to a strong support for a quick swing.
Coming down to a strong support for a quick swing.
Trade active:
Snagged a few shares, Volume in this liquidity pocket seems like the stock is comfortable trading here, reversal. Possible sell climax. Keeping my eye on this.
Trade active:
Took a little profit. still holding.