$Grab Holdings (GRAB.US)$ I have stated it earlier, there is...
$Grab Holdings (GRAB.US)$ I have stated it earlier, there is a lot of misperception concerning GRAB.
People look at revenue, but do not look at Adjusted Net Revenue (later called Adjusted Net Sales). PIPE investors like Morgan Stanley, Fidelity, Blackrock etc. based their valuation on Adjusted Net Sales.
JPM's latest analysis and PT is also based on Adjusted Net Sales.
Another misperception is the cash burn. Grab's current cash burn is small.
Cash and cash equivalents
3Q20: 3.7 billion
1Q21: 4.9 billion
2Q21: 5.3 billion
3Q21: 5.2 billion
After IPO approx 10 billion
3Q20: 3.7 billion
1Q21: 4.9 billion
2Q21: 5.3 billion
3Q21: 5.2 billion
After IPO approx 10 billion
Another misperception are 3Q losses often cited as approx 1 billion, this while it's clearly stated in 3Q ER
" Grab’s Q3 2021 loss includes $748 million in non-cash items... A significant proportion of such non-cash expenses is expected to cease after the business combination."
If you have LT conviction in Grab, just use the confusion and dips to add.
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沉思的张飞 : Bears will only spread bad news against Grab, thereby shorting this stock and making a profit. 52% of the holders are retail investors, and they definitely don't read financial reports ~ Anyways. This wave of operations will eventually filter down to those irrational people, leaving Long Holder. For me, it's a plus. Although a company has lost money, it has a lot of cash to siege the city, and the management is not conceited and has a vision; it is a good company.
HOW88 沉思的张飞 : Right! If you have capital, you can buy it slowly by multiplying it at a lower rate. Better than a bank's fixed deposit..
沉思的张飞 HOW88 : Use your spare money... No pressure, that's my suggestion. Put it here ~ No psychological stress This is the most important thing. Buy a little on the dips.