Grab CEO: No IPO Until Business Shows Profits
As Grab expands to food and finance, its transport business is no longer driving most of its growth
Bought 14,000 Comfortdelgro (CDG) shares at $1.45 on 16 Jul.
Reasons for buying:
1) Share price at 8 years low
It reached 52w low of $1.33 in Mar 2020.
Putting aside 2020 pricing, the last time it at $1.45 range is around 8 years ago.
2) Grab and GoJek are burning cash daily (Unprofitable) vs ComfortDelGro (Profitable)
Grab CEO says the company can go public ‘once we’re profitable’
Grab CEO: No IPO Until Business Shows Profits
As Grab expands to food and finance, its transport business is no longer driving most of its growth
3) Singapore out of Circuit Breaker since 2 June
4) Joint Bid for France metro projects
ComfortDelGro Ties Up With RATP Dev And Alstom To Jointly Bid For Metro Projects In France
5) COVID Vaccine
US biotech firm Moderna would enter the final stage of its human trials on July 27. The study should run until Oct 27.
China's SinoVac is also at an advanced stage, Phase 2,...
Grab CEO: No IPO Until Business Shows Profits
As Grab expands to food and finance, its transport business is no longer driving most of its growth
