Grab 'Grab' at a lower price

The MSCI Global Index is used as a benchmark by fund managers and thus might attract demand for the stock. However Grab's kryptonite, along with other tech stocks, is interest rate hikes. The market seems to be in the process of pricing 7 rate hikes this year and a 50 basis points increase during the next FED meeting. This process may take a few days or stretch to a few brutal weeks. My view is that Grab' stock price will only take off and establish a more stable floor price when it starts earning profits, optimistically estimated in 2023. As long as it is loss making, it is especially vulnerable to interest rate hikes. Thus, I think I can buy grab at a cheaper price by just waiting. There is no hurry as there are no dividends anyway. Can also observe how its competitors are faring in the meantime. The industry is very competitive and will find it difficult to pass increased cost due to inflation to customers, resulting in profit margin erosion, further delaying Grab's time schedule to become profitable.