Grab Holdings Inc

Disruption and Digitalisation

Can gig economy firms pivot to profitability?

If gig economy firms have to consider full employment and environmental costs, they will continue to struggle with profitability.

Tech

New York may entice investors in Singapore tech

Singaporean tech founders are drawn to New York not just for the cuisine, but by the depth and prestige of its capital market.
CGS International maintains ‘add’ call on Grab amidst slower ebitda growth in 2QFY2024 - THE EDGE SINGAPORE

Broker's Calls

CGS International maintains ‘add’ call on Grab amidst slower ebitda growth in 2QFY2024

Despite Grab’s deliveries segment GMV increasing by 6% q-o-q, , its mobility segment GMV stood flattish q-o-q.
Grab Holdings ‘undervalued’ despite multiple growth catalysts and levers: Morningstar  - THE EDGE SINGAPORE

Broker's Calls

Grab Holdings ‘undervalued’ despite multiple growth catalysts and levers: Morningstar

The team believes the company has currently reached an inflection point where multi-year revenue growth is due.

Results

Grab posts third straight quarterly profit on cost cuts

Grab has tried to curb expenses to boost profit, but competition from Indonesia’s GoTo keeps weighing on margins.

Digital Economy

Abnk, Atome, Grab and SeaMoney awarded BNPL Trustmark

Come May 1, customers will be able to identify accredited BNPL providers through the Trustmark.

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.

M&A

Grab, GoTo are said to revive talks for ride-hailing mega merger

Discussions have been on and off, said one of the people, who asked not to be identified.

Broker's Calls

Citi ups Grab’s TP to US$5.20; opens 30-day positive catalyst watch

Citi's analysts have also increased their revenue estimates for the 4QFY2023 as they expect to see "solid" results.

Company in the news

Grab loses second top executive in six months as president quits

The company won’t replace Maa as other senior managers will assume the role’s responsibilities.
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