Grab Holdings: Turning The Tide With Profitability Indicates A Buy
First of all, it is not possible to attribute this decline to a single reason. As we all experienced, there was a pandemic wave during this period. The slowdown in growth in the food distribution sector was a big factor after this pandemic. Then the company's income fell by more than 500 basis points due to the fluctuations in foreign exchange. In addition, the company already had a natural operational expense. This operational expense was higher than normal due to R&D since it was a new company