$Grab Holdings (GRAB.US)$ good news comes out also drop?
$Grab Holdings(GRAB.US$ good news comes out also drop?
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StockCowXYZ : Don’t understand why
cayter : Not hard to understand right? if I'm buying back, I definitely short it to a lower price and buy back.
lousyJQ cayter: Sounds logical! But my heart pain.
Papanice : Because everyone is suspicious of making fake accounts hahaha
GameOverBro : It's not good news. net profit is only a measley 11 million for the quarter.. not even 1 cent EPS. Profitable but so little.. out of 650 plus million revenue.
share buyback is to support the share price but they hardly have any profit to do so. So it is using their existing cash which will run out sooner or later
Macdonell J : Price dropped was mainly due to weak guidance for FY2024: $2.70 billion - $2.75 billion (14% - 17%) YoY vs $2.82B consensus.