Jessline
2022-12-04
$Grab Holdings(GRAB)$ 

Singaporean multinational technology company Grab Holdings Limited (GRAB) announced on Tuesday that it expects revenue to slow but 2024 will be a key year for the group, when it expects to see some profitability.

The ride hailing company, which allows consumers to order transportation, food and deliveries via an app and competes with the likes of Uber (UBER), said it expects revenue growth of 45% to 55% in 2023. The SoftBank-backed group is forecasting that things will turn around by 2024.

So, are GRAB shares a bargain right now as it forecasts profit in 2024?

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