Wolf Money(Grab Holdings sold)

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I have decided to take profit on my Grab. Two things that prompted my selling.

1.) The rumour of Grab purchasing GoTo has grown louder. Personally I don’t fancy big merger. The rumour price mentioned by some financial articles is around USD $7b which is a substantial amount that will wipe out USD $5b cash from Grab, putting the company in a net debt position if the acquisition really happened. 

2.) Secondly, the falling USD. Singapore dollars had strengthened 5% against the USD this year. That makes holding USD denominated asset less attractive. 

The return on Grab position was more than 17% in USD term and 15% return in SGD term in slightly over 2 months of holdings period.

More details at the end of the month portfolio update. God Bless.

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All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way whatsoever warrant or guarantee the success of any action you take in reliance on our statements. All information provided are for education only. Buyer beware,do you own due diligence.

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