$Grab Holdings (GRAB.US)$ Another super disappointing result. 6% of growth comparing to last year when most countries are in lockdown. This says their market is shrinking, not growing. Market recovery in other sectors are performing better than 6%.
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$Grab Holdings (GRAB.US)$ Grab to raise capital via secondary stock offering of up to 76.3M shares, 50K warrants. It’s just 5 months since the IPO.
https://seekingalpha.com/news/3837558-grab-to-raise-capital-via-secondary-stock-offering-of-up-to-763m-shares-50k-warrants
https://seekingalpha.com/news/3837558-grab-to-raise-capital-via-secondary-stock-offering-of-up-to-763m-shares-50k-warrants
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102897068 OP 101823892_antony : That’s easily achievable by giving lesser discounts. Jaya grocers most likely contributed as well. So, overall it’s not positive news to me.
102897068 OP Poop Turtle : Not to be a bearer of bad news…. Do you know majority of the population in SG and MY has more than 2 bank accounts? The EBITA for their financial services is already in the negative zone. Launching another me-too product is not going to work.
102897068 OP : Also, not to mention they most likely don’t have enough capital to be a bank and offer collateralised loans at the same time.