Des

Exploring Southeast Asia’s Digital Economy | High Conviction Bets | Long $SE • $GRAB

[Des @trailsad]

Cars will always be used by professionals, businesses, HNWIs, and government officials. The government simply can’t afford to have roads clogged with cars under an open car policy.

Singapore deliberately has a direct highway from the airport to the CBD, allowing professionals to reach urgent meetings within 25 minutes.

[Des @trailsad]

@GabGrowth A big jump in loan portfolio can be a double-edged sword

@DrewCohenMoney mentioned this in his $SE analysis video. Let’s hope $GRAB is minimising bad loans

[Des @trailsad]

$GRAB JUST REPORTED EARNINGS

Q1 Earnings:
Rev: $955M (✅BEAT)
EPS: $0.04 (✅BEAT)

MTUs: 51.6M (+16% YoY)
Loan Portfolio: $1.44B (+130% YoY)

Outlook for 2026 unchanged

[Des @trailsad]

@GabGrowth Commission cap can always be offset by reduced incentives. Prabowo doesn’t understand that collecting commission plays a key role in distributing incentives for both the consumer & driver as a means to continue using Grab/Gojek’s services

[Des @trailsad]

@Gr8unionsJohn Definitely. Especially amongst young families.

[Des @trailsad]

$GRAB Cross-border Ride-hailing service between Singapore and Johor, Malaysia, officially launches today.

I tried it out on the app today and found the service easy to access. This feature is still in beta, and Grab is offering 20% off on rides to encourage users to try it out.

[Des @trailsad]

@GabGrowth $GRAB has to surprise us with >20% revenue growth, else we are going nowhere

[Des @trailsad]

@GabGrowth All eyes on earnings today 👀

[Des @trailsad]

JUST IN: Indonesia to cut ride-hailing companies’ maximum commission taken from drivers to 8%

$GRAB $GOTO

[Des @trailsad]

Singapore’s Land Transport Authority has just awarded the first Cross-border Ride-hail Service Operator Licence (CRSOL) to $GRAB

From 4 May, Grab users can conveniently book rides anywhere in Singapore and be dropped off in Johor, Malaysia. Alternatively, they can take a Singapore-registered GrabTaxi back to Singapore.

The service will use Grab’s newly launched GrabTaxi vehicles, which currently include the BYD e6, Hyundai Kona Hybrid, Toyota Prius, and the Toyota Corolla Altis Hybrid.

Picture credits to @LTAsg

[Des @trailsad]

@GabGrowth Gimme a free TSLA share or smthg 😂

[Des @trailsad]

@GabGrowth Big missed opportunity for Ninja Van

[Des @trailsad]

Apologies for the late response

I’ve been a Shopee user for more than 6+ years already so most of the time, I don’t bother to check around other sites 😂

For me, it’s more of comparing prices in retail stores vs choosing to buy on Shopee

And I think the promos has been bumping up actually, may be the reason why Shopee guided no increase in FY26 adj. EBITDA

[Des @trailsad]

The items you can find on TT Shop varies to a large extent, you have people who setup accounts and work as a middle man, dropshipping almost about anything from China, but you also have MSME who leverage TT and TT Shop to cross-sell their products.

And yes, Shopee can deliver to your doorstep. It’s actually one of the perks you get as a ShopeeVIP member.

Happy to help if you need anymore information!

[Des @trailsad]

Is it time? 👀

[TrendSpider @TrendSpider]

$GRAB and go

[Des @trailsad]

@SherwinMah @EnvestingEarly @TrendSpider 2nd biggest market in terms of GMV actually. Purchasing power of Singaporeans are much higher than other SEA countries.

Investing in $GRAB is basically betting on them to grow faster than $UBER

[Des @trailsad]

$SE Shopee is increasing the perks for its ShopeeVIP subscribers.

Its latest offering allows users to earn 400 Shopee Coins (equivalent to $4), effectively indicating that the subscription is free.

In its Q4/25 report, management revealed that ShopeeVIP members have surpassed 7 million, and in some markets, VIP members already contribute >15% of GMV.

$SE is playing the long game here. Every VIP member will likely consider Shopee first before thinking of purchasing elsewhere.

[Des @trailsad]

$NFLX investors today: 😐

[Des @trailsad]

$SPX

What a fantastic week 🍻

Have a great weekend everyone!