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$Grab Holdings (GRAB.US)$ I see many people saying that Tema...

$Grab Holdings (GRAB.US)$ I see many people saying that Temasek Holdings bought it, so it must go up. Allow me to pour some cold water on this. First of all, I don't deny the huge potential of Grab and the upward space for its future stock price. However, the current market environment is actually very unfriendly. The Fed is accelerating debt reduction and long-term interest rates are rising, while Grab is still losing money, which will put a lot of pressure on its valuation. In addition, besides the institutional investors who have previously entered the market, the funds in the secondary market will not immediately buy in the IPO, which means that the buying power of institutional funds in the short term is relatively weak. And Temasek, which is a sovereign fund, is not that extraordinary. It has also lost a lot of money in investing in Chinese concept stocks this year. Many of its reductions were sold after the sharp drop in Chinese concept stocks in July and August. Its sense of smell, or lack thereof, cannot be considered sensitive. Industry insiders understand that its investment returns in recent years are no match for the S&P 500. Moreover, even the acclaimed investor Charlie Munger keeps buying Alibaba. Does that mean Alibaba will not fall? $Alibaba (BABA.US)$ 
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