$:Grab Holdings(GRAB)$ Key Points The Grab app has become popular in Southeast Asia for its delivery and mobility services in the region. The business has some appeal, but the performance and results tell a different story. There are too many concerns about this company to call it a good investment. Companies coming public through mergers withspecial purpose acquisition companies(SPACs) became quite trendy in early 2021, but interest (and investments) in them fizzled quite a bit in the latter half of the year. Over 600 of these "blank-check companies" were launched in 2021, and many of them did find companies to merge with. Unfortunately, many ended up merging with low-quality companies that resulted in bad or mediocre stock performance. It seems tha
$Grab Holdings(GRAB)$ MUFG BANK owning almost 143 million shares of GRAB should be a very good sign for things to come. A large investment that as the yahoo news states is over 60% of their portfolio.MUFG is a Japan bank with branches thru out Asia. It would be nice to imagine that Grab will expand even more. Perhaps Japan?Currently the Grab ap can be used in support of another platform in Tokyo, however a direct network is not set up.Grab expansion into Japan or Korea would be a great catalyst to send the stock up. Us small investors would never know future plans. The big boys do. Follow them and we should be fine.
US STOCKS-Stocks Slide as Heightened Ukraine Tensions Weigh
U.S. stocks slid on Thursday, with the S&P 500 marking its biggest daily percentage drop in two weeks, as investors shifted to defensive sectors and safe havens such as bonds and gold as geopolitical