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Even Though This Delivery Company Is Down 50%, Don’t Grab Onto It Yet

Grab Holdings (NASDAQ:GRAB) is a delivery, e-commerce, and fintech company that’s focused on various Southeast Asian markets. The company came public…

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Grab Holdings (NASDAQ:GRAB) is a delivery, e-commerce, and fintech company that’s focused on various Southeast Asian markets. The company came public via a special purpose acquisition company (SPAC). Specifically, it merged with a SPAC named Altimeter Growth Corp recently and changed its ticker symbol to “GRAB.”

Source: Twinsterphoto / Shutterstock.com

GRAB stock has not gotten off to the most auspicious of beginnings. Indeed, I warned readers about Grab’s terrible financial performance back in November. That was back when the company was still trading under the Altimeter name, and  the shares were changing hands for around $14 each. In just two months, the stock has declined by 50%. After such a big drop, let’s see if the situation looks a little more interesting.

Oversupply Is a Massive Problem

It’s clear that there are simply too many delivery companies chasing after the same potential customers. There would probably be nothing wrong with their business models if there was much less competition in the sector.

However, since there are seemingly 1 million firms all trying to do the same thing, labor costs are high and prices are low. If you’re a restaurant owner, there are at least half a dozen different companies that can handle your orders. In that environment, the portion of the bill that goes to each delivery company will be relatively low.

In addition, labor shortages are becoming a major issue for the sector. That’s true of the economy in general and of  lower-paid positions such as ridesharing and delivery drivers in particular.

Grab Could Be Interesting If It Survives Long Enough

Recently there was an interesting piece of news for Asian rideshare firms . A European player in the space, Delivery Hero, is pulling out of the Japanese market. Delivery Hero had operated under the Foodpanda brand there. However, the company announced that it is exiting Japan this year, giving a shortage of delivery drivers and mounting competitions as the principal reasons for its departure.

Now Japan hasn’t been and isn’t a key market for Grab. The company is primarily focused on Southeast Asian markets, such as Thailand. However, Grab did try its hand at the Japanese market in 2019 and could eventually enter it more aggressively down the road. More broadly, delivery companies are starting to respond more to their tough competition and poor profit margins, rather than focusing on growth at all costs.

More delivery companies need to follow Delivery Hero’s lead and start pulling out of marginal markets. Everyone in the industry is bleeding red because firms like Softbank simply put too much capital to work chasing relatively small regional markets. If Grab has, say, 50% market share in Singapore or another country, it could probably make money there. But as long as a ton of different companies are fighting for each customer and restaurant, it’s a no-win situation.

Grab’s Valuation Is Still Far Too Rich

Investors might be tempted by the fact that Grab’s share price is just above $6 and think that it is starting to become a bargain. But don’t let the low price per share fool you; it is still an exceedingly expensive stock.

Grab has a market capitalization of $22.8 billion, thanks to its huge outstanding share count. That’s a gigantic number for a company with less than $1 billion of annual revenues. Meanwhile its revenues actually sank in Q3 versus the same period a year earlier. Even if its business was profitable, and it isn’t, the stock’s sales multiple is awfully steep.

Moreover, the incentives that it gives to its drivers and customers together are roughly equal to all of its revenue. Without the incentives, much  of its business would probably disappear. Long story short, investors are paying a massive price for a small business with dreadful profitability metrics.

The Verdict on GRAB Stock

Grab has some of the worst financial results of any company I’ve reviewed over the past year. In the current climate, that’s saying something. Even amid a market full of dodgy SPAC, electric vehicle (EV), and penny-stock offerings, Grab has impressed me with its ability to burn  through investors’ capital very rapidly.

Grab is generating massive losses. Given the carnage we’ve seen among SPAC stocks, expect little mercy for Grab’s shares in the coming weeks and months.

On the date of publication, Ian Bezek did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a sizable New York City-based hedge fund. You can reach him on Twitter at @irbezek.

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Author: Ian Bezek

Energy & Critical Metals

Artificial Urinary Sphincter Implantation Device Market Size, Business Analysis 2021-2028 By Leading Players, Share, Development, Expansions, Merger, Acquisition, New Product Launches, Pricing Analysis and Growth by Forthcoming Developments

Get Sample Report   Purchase Complete Report Now Global Artificial Urinary Sphincter Implantation Device Market research is an intelligence report with…

Market Research

Global Artificial Urinary Sphincter Implantation Device Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis. It also provides market information in terms of development and its capacities. 

MR Accuracy Reports crafted the report, titled Global Artificial Urinary Sphincter Implantation Device Market 2021 is a methodical research study based on the Artificial Urinary Sphincter Implantation Device Market , analyzing the competitive framework of the industry in the world. Using efficient analytical tools such as SWOT analysis and Porter’s five forces analysis, the report provides a comprehensive assessment of the Artificial Urinary Sphincter Implantation Device Market . Our big research team were able to captured all-important chapters in the final report as they have been striving towards it.

Download Free PDF Sample Report with Complete TOC and Figures & Graphs (with covid 19 Impact Analysis): https://www.mraccuracyreports.com/report-sample/499100

Artificial Urinary Sphincter Implantation Device in this report refers to artificial urinary sphincter (AUS).

The report forecast global Artificial Urinary Sphincter Implantation Device market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021E-2026F due to coronavirus situation.

The report offers detailed coverage of Artificial Urinary Sphincter Implantation Device industry and main market trends with impact of coronavirus. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Artificial Urinary Sphincter Implantation Device by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

First, this report covers the present status and the future prospects of the global Artificial Urinary Sphincter Implantation Device market for 2016-2025.

And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

At the same time, we classify Artificial Urinary Sphincter Implantation Device according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Finally, the report provides detailed profile and data information analysis of leading Artificial Urinary Sphincter Implantation Device company.

Key Content of Chapters as follows (Including and can be customized) :

Part 1:

Market Overview, Development, and Segment by Type, Application & Region

Part 2:

Company information, Sales, Cost, Margin etc.

Part 3:

Global Market by company, Type, Application & Geography

Part 4:

Asia-Pacific Market by Type, Application & Geography

Part 5:

Europe Market by Type, Application & Geography

Part 6:

North America Market by Type, Application & Geography

Part 7:

South America Market by Type, Application & Geography

Part 8:

Middle East & Africa Market by Type, Application & Geography

Part 9:

Market Features

Part 10:

Investment Opportunity

Part 11:

Conclusion

Market Segment as follows:

By Region

Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]

Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]

North America[United States, Canada, Mexico]

Middle East & Africa[GCC, North Africa, South Africa]

South America[Brazil, Argentina, Columbia, Chile, Peru]

Key Companies

Sapa Group

Schueco

Xingfa

LIXIL

JMA

Wacang

YKK AP

FENAN Group

Alcoa/Kawneer

Reynaers Aluminium

Xinhe

Nanping

Aluk Group

Nanshan Aluminum

Golden Aluminum

Alumil

Guangdong Fenglv

AAG

Galuminium Group

Dongliang

Zhongwang

Minfa

LPSK

Hueck

Jinlin Liyuan

Aluprof

Ponzio

ETEM

RAICO

Weiye

Market by Type

Open Out

Sliding

Tilt&Turn

Market by Application

Residential using

Commercial building using

Get Exclusive Discount on this report: https://www.mraccuracyreports.com/check-discount/499100

Key questions answered in the report include:

  • What will be the market size and the growth rate by the end of the forecast period?
  • What are the key Global Artificial Urinary Sphincter Implantation Device Market trends impacting the growth of the market?
  • What are the potential growth opportunities and threats faced by the leading competitors in the market?
  • What are the key outcomes of Porter’s five forces analysis and the SWOT analysis of the key players functioning in the Global Artificial Urinary Sphincter Implantation Device Market?
  • This report gives all the information regarding industry Overview, analysis and revenue of this market.
  • What are the market opportunities and threats faced by the vendors in the Global Artificial Urinary Sphincter Implantation Device Market?

If you have any special requirements, please let us know and we will offer you the report as you want

You can buy the complete report @ https://www.mraccuracyreports.com/checkout/499100

About Us:

MR Accuracy Reports’ well-researched inputs that encompass domains ranging from IT to healthcare enable our prized clients to capitalize upon key growth opportunities and shield against credible threats prevalent in the market in the current scenario and those expected in the near future. Our research reports arm our clients with macro-level insights across various key global regions that equip them with a broader perspective to align their strategies to capitalize on lucrative growth opportunities in the market.

Contact Us:
MR Accuracy Reports,
USA: +1 804 500 1224
UK: +44 741841 3666
ASIA: +91 747888728100
Email: [email protected]   
Website: https://www.mraccuracyreports.com

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Energy & Critical Metals

Medical Water Chillers Market Size, Share 2021 Industry Development Analysis, Trends, Growth Factors, CAGR Status, Industry Insights by Top Key Players Forecast to 2028

Get Sample Report   Purchase Complete Report Now Global Medical Water Chillers Market research is an intelligence report with meticulous efforts undertaken…

Market Research

Global Medical Water Chillers Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis. It also provides market information in terms of development and its capacities. 

MR Accuracy Reports crafted the report, titled Global Medical Water Chillers Market 2021 is a methodical research study based on the Medical Water Chillers Market , analyzing the competitive framework of the industry in the world. Using efficient analytical tools such as SWOT analysis and Porter’s five forces analysis, the report provides a comprehensive assessment of the Medical Water Chillers Market . Our big research team were able to captured all-important chapters in the final report as they have been striving towards it.

Download Free PDF Sample Report with Complete TOC and Figures & Graphs (with covid 19 Impact Analysis): https://www.mraccuracyreports.com/report-sample/499048

A water chiller is a mechanical device used to facilitate heat exchange from water to a refrigerant in a closed loop system. Chillers have widespread industrial applications. They are also in huge demand in the Beverages, Plastics, and Medical industries. Chillers are available in different sizes and cooling capacities and have a range of energy consumption levels to meet the requirements of end-users.

The report forecast global Medical Water Chillers market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021E-2026F due to coronavirus situation.

The report offers detailed coverage of Medical Water Chillers industry and main market trends with impact of coronavirus. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Medical Water Chillers by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

First, this report covers the present status and the future prospects of the global Medical Water Chillers market for 2016-2025.

And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

At the same time, we classify Medical Water Chillers according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Finally, the report provides detailed profile and data information analysis of leading Medical Water Chillers company.

Key Content of Chapters as follows (Including and can be customized) :

Part 1:

Market Overview, Development, and Segment by Type, Application & Region

Part 2:

Company information, Sales, Cost, Margin etc.

Part 3:

Global Market by company, Type, Application & Geography

Part 4:

Asia-Pacific Market by Type, Application & Geography

Part 5:

Europe Market by Type, Application & Geography

Part 6:

North America Market by Type, Application & Geography

Part 7:

South America Market by Type, Application & Geography

Part 8:

Middle East & Africa Market by Type, Application & Geography

Part 9:

Market Features

Part 10:

Investment Opportunity

Part 11:

Conclusion

Market Segment as follows:

By Region

Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]

Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]

North America[United States, Canada, Mexico]

Middle East & Africa[GCC, North Africa, South Africa]

South America[Brazil, Argentina, Columbia, Chile, Peru]

Key Companies

Rockwood Lithium

FMC Corporation

Leverton-Clarke

ICL-IP

Shreenivas Chemicals

Dhara Fine Chem

Westman Chemicals

Nanjing Taiye Chemical

Honjo Chemical

Haoxin Liyan

Jiangsu World Chemical Industry

Jiangxi Dongpeng New Materials

Dongying Bromate Chemicals

Shanghai China Lithium Industrial

Shandong Tianxin Chemical

Huizhi Lithium Energy

Market by Type

Lithium Bromide Solution

Lithium Bromide Anhydrous

Others

Market by Application

Air Conditioning

Industrial Drying

Medicine Industry

Brazing and Welding

Others

Get Exclusive Discount on this report: https://www.mraccuracyreports.com/check-discount/499048

Key questions answered in the report include:

  • What will be the market size and the growth rate by the end of the forecast period?
  • What are the key Global Medical Water Chillers Market trends impacting the growth of the market?
  • What are the potential growth opportunities and threats faced by the leading competitors in the market?
  • What are the key outcomes of Porter’s five forces analysis and the SWOT analysis of the key players functioning in the Global Medical Water Chillers Market?
  • This report gives all the information regarding industry Overview, analysis and revenue of this market.
  • What are the market opportunities and threats faced by the vendors in the Global Medical Water Chillers Market?

If you have any special requirements, please let us know and we will offer you the report as you want

You can buy the complete report @ https://www.mraccuracyreports.com/checkout/499048

About Us:

MR Accuracy Reports’ well-researched inputs that encompass domains ranging from IT to healthcare enable our prized clients to capitalize upon key growth opportunities and shield against credible threats prevalent in the market in the current scenario and those expected in the near future. Our research reports arm our clients with macro-level insights across various key global regions that equip them with a broader perspective to align their strategies to capitalize on lucrative growth opportunities in the market.

Contact Us:
MR Accuracy Reports,
USA: +1 804 500 1224
UK: +44 741841 3666
ASIA: +91 747888728100
Email: [email protected]   
Website: https://www.mraccuracyreports.com

Continue Reading

Energy & Critical Metals

Every Cannabis Product In One Graphic

The cannabis industry is growing by billions every year. This graphic provides an overview of cannabis products and ranks their popularity.
The post Every…


Cannabis and alcohol a side by side comparison Part 2 of 5
5 signs of maturity from the cannabis industry Part 3 of 5
Exploring the untapped potential of CBD 4 of 5
The new cannabis consumer Part 5 of 5

The following content is sponsored by Tenacious Labs.

Every Cannabis Product In One Graphic

There are few markets experiencing growth quite like cannabis, which in 2020 had an additional 7,000 products hit dispensary shelves compared to the year prior. However, for novice cannabis consumers and investors, the different products and their uses can be overwhelming.

This sponsored graphic by Tenacious Labs provides an overview of cannabis products, and is part of a multi-part series that covers different factors affecting the future of cannabis.

Let’s break down cannabis products on the market today.

1. Flower

First, is cannabis flower, which is the ingestible part of the cannabis plant and is the most popular way to consume. It is cultivated, harvested, dried, and cured, as part of the preparation process before making its way to the end consumer. Due to its popularity, it also represents the largest component of the U.S. legal market.

In 2021, some $10.9 billion in dried herb or “buds” were purchased. In addition, pre-rolls generated $2.2 billion, which are pre-rolled products prepared by dispensaries. The psychoactive effects from consuming flower are felt almost instantly, which remains a key appeal.

2. Cartridges, Concentrates, and Extracts

Cannabis concentrates are a growing category which have taken the market by storm in recent years. They come in various forms including raw concentrates, cartridges, and extracts. Preparing them involves removing impurities form the plant, leaving only the desired compounds such as cannabinoids and terpenes.

This highly concentrated form of cannabis results in THC levels of 80-90%, compared to the 10-20% range most commonly found in dry herb flower. Raw concentrates hit $2.2 billion in U.S. legal sales in 2021. And cartridges, which are products intended to be vaped and are typically paired with a battery accessory, were worth $5.1 billion.

The appeals associated with concentrates include a higher dose which results in stronger effects, plus a more discrete experience given they have little to no smell.

3. Edibles

Next, are edibles, where the THC is metabolized by the liver and consumed through infused food and drinks. This leads to an different experience relative to inhaling. For example, the euphoric or psychoactive effects typically last much longer and can take 1-2 hours to kick in.

The legal U.S. edibles market is growing fast. It recorded revenues of $2.3 billion in 2021 but is expected to reach a value of $8.5 billion by 2027. These growth prospects have not gone unnoticed, in fact, the alcohol industry is betting big on cannabis. As of late, waves of investments and acquisitions are occurring targeting cannabis-infused beverages.

A key driver of growth comes from the health conscious consumer who may want to avoid the smoking process altogether.

4. Topicals and Others

Last are topicals and other products. Topicals are CBD-infused non-psychoactive products like lotions, balms, and oils. These are gaining notoriety for their wellness properties including the relief of pain, soreness, and inflammation. However, the market remains relatively modest, with a market value of $200 million. Furthermore, the topicals market appeals to those not interested in any psychoactive effects, and is particularly popular amongst women and pet owners.

Other products include papers, pipes, batteries, and all other accessories, which also provide notable revenues and opportunities.

Measuring Market Share of Cannabis Products

With all these products in mind, let’s take a look at market share. Although edibles, vapes, and concentrates have risen tremendously in value over the years, flower still remains number one, representing 43% of legal sales, followed by cartridges at 20.3% market share.

Product Market Share (%) Market Value ($B)
Flower 43.4% $10.9B
Cartridges 20.3% $5.1B
Edibles 9.2% $2.3B
Concentrates 8.8% $2.2B
Pre-rolls 8.8% $2.2B
Topicals 0.8% $0.2B
Accessories 8.8% $2.2B

Seasonality also plays a role in cannabis consumption. Since dry flower tends to be consumed outdoors, the data shows that it loses market share during the cold winter months.

The Next Chapter

Cannabis products have come a long way from their early days when variety was considered a choice between an indica or sativa strain. As the industry develops and more money is injected into the space, we should see product innovation accelerate even further.

The post Every Cannabis Product In One Graphic appeared first on Visual Capitalist.

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