Grab Holdings

Sea is DBS’s ‘top pick’ as Shopee set to benefit from live commerce and AI investments - THE EDGE SINGAPORE

Broker's Calls

Sea is DBS’s ‘top pick’ as Shopee set to benefit from live commerce and AI investments

DBS has increased its target price for Sea to US$157 representing an upside potential of 48%.

Travel

Singtel, regional telcos partner Grab, Trip.com to offer discounted hotel, flight bookings in 2025

Singtel, AIS, Globe, HKT, Optus, Taiwan Mobile and Telkomsel formed The Travel Alliance in February this year.

Broker's Calls

Grab’s risk-reward fairly balanced at current levels, HSBC downgrades to ‘hold’ with higher TP of US$5.50

HSBC Global Research analysts Piyush Choudhary and Rishabh Dhancholia have raised their target price to US$5.50 from US$4.25 previously.
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.
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