Grab gives SG and SGX the finger

[Rogue Trader]

Good business sense to list in US where the capital base is bigger. Temasek owns a big chunk of Grab and can't risk it becoming another penny stock failure

 

[Froggy]

This is a very good example of “don’t underestimate Malaysians” and “fuck you sinkies”

 

[JohnTan]

This sounds like Enron which included its entire commodity trading as revenue when it actually earns only a small commission from trading it.

Square does the same with its Cash app. Square is America's leading app for payment and crypto trading in future.

 

[Scrooball (clone)]

https://www.businesswire.com/news/home/20210913005880/en/Grab-Reports-Second-Quarter-2021-Results

Urm.... so they increase revenue by 132% and its net loss increased by 13%! Sure.... invest infra and foundation to boost their other lines of business, but er..... they are no way close to breaking even after so many years of losses.

 

[JohnTan]

https://www.businesswire.com/news/home/20210913005880/en/Grab-Reports-Second-Quarter-2021-Results

Urm.... so they increase revenue by 132% and its net loss increased by 13%! Sure.... invest infra and foundation to boost their other lines of business, but er..... they are no way close to breaking even after so many years of losses.

View attachment 122809

Tesla and Amazon made losses for many years before they saw their first profit. Shopee made far bigger losses than Grab, but its share price is still climbing and holding steady.

 

[LITTLEREDDOT]

Tesla and Amazon made losses for many years before they saw their first profit. Shopee made far bigger losses than Grab, but its share price is still climbing and holding steady.

What is the size of Tesla's and Amazon's markets compared with Grab's and Shopee's?

 

[Rogue Trader]

The long term viability of these gig economy start ups is still not proven. If the ride sharing model becomes a failure like the stupid bike sharing experiment, the whole show will end quickly. So they better list and take the money first

 

[syed putra]

So the way to get rich is to build up a shit business using funds from debts and launching ipo, then f everyone over?

Before that, you must convince investors its potential.

 

[syed putra]

What is the size of Tesla's and Amazon's markets compared with Grab's and Shopee's?

No comparison. Amazon is at 1.75 trillion. Tesla a trillion less.

 

[eatshitndie]

Good business sense to list in US where the capital base is bigger. Temasek owns a big chunk of Grab and can't risk it becoming another penny stock failure

bingo.

 

[Leckmichamarsch]

everybody sexcept sinkies knows sgx is a comedy club.

Because sgx is just not big enough. Its still considered as emerging market.

HAS SOME MUDSLIMES THERE AND THIS IS NO NO FOR FINANCIAL HUB

 

[Patriotmissile]

Those who subscribe are fools. How can a taxi company worth this much? If u produce microchips maybe.

 

[syed putra]

Those who subscribe are fools. How can a taxi company worth this much? If u produce microchips maybe.

Microchips is considered bricks and mortar. Same as manufacturing planes or ships. Or nuclear reactor.
But anything that makes money on the web, like gambling, games or cab services and food deliveries, these are tech.

 

[Patriotmissile]

Microchips is considered bricks and mortar. Same as manufacturing planes or ships. Or nuclear reactor.
But anything that makes money on the web, like gambling, games or cab services and food deliveries, these are tech.

Allianz, German largest non banking financial Co. Offered tech Internet bonds, went kaput after few years. Enough said.

 

[syed putra]

Allianz, German largest non banking financial Co. Offered tech Internet bonds, went kaput after few years. Enough said.

Germans are not tech savvy. They still use fax machines. Same as Norwegians.emails and phone calls. No whatsapp bullshit.

 

[Patriotmissile]

Germans are not tech savvy. They still use fax machines. Same as Norwegians.emails and phone calls. No whatsapp bullshit.

Grab is the same as Uber. If u have money to thrash like ho jinx, can buy.

 

[rushifa666]

Grab is temasek. I dont know what retards are cheering abiut

 

[ChaoKuan]

This is a very good example of “don’t underestimate Malaysians” and “fuck you sinkies”

What is so wrong with that? Sinkies are F by their garment and FT from all other nations daily. Get used to it.

 

[syed putra]

Grab is the same as Uber. If u have money to trash like ho jinx, can buy.

Uber is still losing money. But didi chuxing is profitable.
The weird this is, why didn't didi expand into South east asia.

 

[mojito]

https://www.businesswire.com/news/home/20210913005880/en/Grab-Reports-Second-Quarter-2021-Results

Urm.... so they increase revenue by 132% and its net loss increased by 13%! Sure.... invest infra and foundation to boost their other lines of business, but er..... they are no way close to breaking even after so many years of losses.

View attachment 122809

The end game is to raise prices when taxi companies go bust. It is clear they have used sheer financial muscle to displace taxi companies and are passing on the cost of fleet operations to their partner drivers. Ride hailing companies like Uber and Lyft are facing increasing regulatory pressure in the States. But some investors love volatility so there is that angle.