2022 was a good year for GRAB. How about 2023?

On 1 Apr 2022, $Grab Holdings (GRAB.US)$ imposes an additional 50 cents on rides (*1), which may have indirectly resulted in the higher revenue increase in Q3 2022 (*2).

Not only the additional 50 cents, GRAB had also raised its commission by 0.18 percentage points on 1 Jan 2023 in order to pass the GST tax to its private-hire drivers (*3).

This shows that GRAB is able to increase its revenue by raising fees and charges and this is a good news for shareholders. Also, according to an article from Reuters, GRAB is likely to break even by the second half of 2024 (*4).

So, do you think that it is a good time to buy some GRAB stocks in the year of the Rabbit?

We have come to the end of today's topic. Remember to show your support by follow, like, share and comment on this post and as always, don't forget to DYODD (Do your own due diligence) when making any kind of investment.

References:

*1: Grab S'pore to impose additional S$0.50 on rides from Apr. 1 - May 31, 2022

*2: Grab reports revenue increase of 143% in Q3 2022

*3: Grab raises commission from drivers ahead of GST hike; other platforms absorb rise for now

*4: Grab expects to break even by the second half of 2024