If you think Uber/Lyft are robbing their drivers, Grab is the Tony Soprano level of this game.
I used to live in Saigon, Vietnam (I think it's a fairly big market to them) for sometimes a few years ago and knew a few drivers that frequently delivering food to my flat.
Grab took like 40% off their ride fee ffs while giving ton of discounts thru the app to beat competitors (Baemin, Gojek, BeGroup). If they still doing this, you should wonder how their book accounts for this cost.
In city with million small food vendors like Saigon, majority of them take cash, the drivers have to prepay for the food and then collect the money from the buyers at delivery. Quite often buyers don't show up or just change their mind, leaving the driver to eat the cost (the food). It's a really sad situation because these drivers are really poor folks, driving motorbikes in the scorching heat 8 hours a day is no joke.
P/E is at 200, just saying, so everything must be priced in already.
I lived in the philipines for a few years and have to say grab is a dominant rideshare and delivery company there. It was the only one I used. There only competition was FoodPanda and they didn’t rlly do ridesharing it was more food delivery where as grab was like the uber of the philipines. It def is a good company based just on the fact that it has had steady growth through out the past few years and they don’t have a ton of competition in Asia. Asia also has growing economy’s so the stock will resemble this.
So many earnings worth playing next week: reddit, cloudflare, coin, Roblox, Lilly, cvna, meli, now, meta, google, msft, enph, Sofi, bkng, unh. CALLS on every damn one. Finally a week that can really move the needle on the port.
Inflation defeated right? Fuck it. Might as well launch uber QE already. Let's transfer money from the most hard working people of society who actually do real shit to richass retired boomers, the most unproductive people. Those who will ride off into the rainbow while they spent their whole life making absolutely sure multiple generations will inherit a bankrupt country.
Everything collapsing before our eyes? Doesn't matter, green line gotta go up without ever stopping 📈🤑.
Absolutely. The goal is to use the grab ecosystems net profitability to lower prices on rideshare and delivery (basically, as the finance, hotels, and ad revenues rise, they can lower prices on the “uber-like” side of the company).
Thanks for your input!