Grab Holdings

Grab and Ant International use stablecoin payment system by StraitsX for cross border merchant payment settlement - THE EDGE SINGAPORE

Cryptocurrency

Grab and Ant International use stablecoin payment system by StraitsX for cross-border merchant payment settlement

This stablecoin-powered payment system enables immediate Singapore dollar payment through the Singapore dollar-denominated regulated stablecoin.

Broker's Calls

‘Concerns overblown’ over Grab’s ‘muted’ 2QFY2024 results; analysts eye positive free cash flow promise

“Given the pullback in shares, we believe now is an attractive entry point with 47% upside,” says Morningstar.

Broker's Calls

Maybank downgrades Grab to ‘hold’ on forecasted lower consumer base and increased supply pressure

Analyst Hussaini Saifee has lowered his TP to US$4 from US$4.50 previously.
Grab Holdings: Grab on for a ride as corner may have been turned - THE EDGE SINGAPORE

Global stocks

Grab Holdings: Grab on for a ride as corner may have been turned

Are the wheels of its fortunes reversing?

Results

Grab reports first quarterly profit of US$11 mil for 4QFY2023

For the FY2023, the group still made a loss of US$485 million, albeit at a 72% y-o-y improvement.

Tech

Grab’s Vietnam rival raises $40.3 mil for ride-hailing push

Vietnam's Be Group expects to deliver 1 billion rides on its platform by 2026, up from 120 million last year.

Global Markets

Watch out for three orphan companies

There are unloved companies on the Nasdaq that deserve attention
Grab achieves first positive group adjusted ebitda in 3QFY2023; narrows losses further - THE EDGE SINGAPORE

Results

Grab achieves first positive group adjusted ebitda in 3QFY2023; narrows losses further

Grab narrowed its losses to US$99 million in 3QFY2023, a 71% improvement over its losses of US$342 million in 3QFY2022.
CCCS raises competition concerns on Grab’s proposed acquisition of Trans-cab - THE EDGE SINGAPORE

Transport

CCCS raises competition concerns on Grab’s proposed acquisition of Trans-cab

The review by CCCS includes third-party feedback from industry players and members of the public.
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