- Every release of quarterly reports becomes so ever important as the date for Grab's merger draws near.
- Grab's Q2 earnings suggested that Grab's market is nearing maturing, where a considerable increase in incentives only drove marginal growth.
- Q3 earnings invalidated this hypothesis because GMV and GMV per user grew even though incentives declined.
- Q3 earnings provided vital evidence showing Grab's 28% decline in revenue in 2021 sterns from underperformance in the mobility segment due to COVID19 spikes/lockdowns in SEA countries.
- Grab's current $52bn valuation, removal of $10 NAV floor, and inflationary and probable taper/rate hikes economic environment makes it difficult to invest in Grab.
For further details see:
Grab's Q3 Earnings Invalidated Our Previous Hypothesis