Peter Oey, CFO of Grab, talks about Grab's profits and performance across the Southeast Asian region, amid thick competition and reports of a merger with rival GoTo.
Indonesian super app Grab sees autonomous vehicles (AVs) as one of its next growth drivers. “We've been watching this space closely and are very excited about the long-term opportunity related to this tech,” Anthony Tan, the company's co-founder and CEO, said during a Thursday (Feb. 20) earnings call.
Shares of Grab Holdings (GRAB) are falling around 3% in premarket trading Thursday after the Southeast Asian ride-hailing and food delivery firm missed fourth-quarter results estimates and gave a weak earnings outlook.
I rate Grab Holdings as a "Buy" due to its strong Q3 performance, rising margins, and significant growth potential in the fintech and mobility sectors. GRAB's monthly transacting users grew 16% YoY, while its delivery and mobility segments saw substantial revenue increases, driving overall sales growth of 20%. The firm's fintech expansion, particularly in lending, shows massive potential, leveraging ecosystem data and AI to serve the underbanked population in Southeast Asia.
Grab Holdings beat analysts' expectation for fourth-quarter revenue on Wednesday, bolstered by strong demand for its food delivery and ride-hailing businesses.
In this video, I will cover the recent updates regarding Grab (GRAB 6.23%). Watch the short video to learn more, consider subscribing, and click the special offer link below.
GRAB's top line is expected to grow year over year on the back of increasing opportunities in the Southeast Asia market in the fourth quarter of 2024.
Grab Holdings, the "Uber of Southeast Asia," has shown significant growth in key mobility, delivery, and financial services segments, and sports a solid competitive moat. Trading at a reasonable valuation, we think that shares are still attractive, despite the recent 40%+ run up. We're re-iterating our 'Strong Buy' rating on GRAB.
Grab Holdings Limited (GRAB) concluded the recent trading session at $4.78, signifying a -0.21% move from its prior day's close.
In this video, I will cover the recent updates regarding Grab (GRAB 2.03%). Watch the short video to learn more, consider subscribing, and click the special offer link below.
Shares of ride-hailing, food delivery and digital payment services provider Grab Holdings Ltd. GRAB are trading higher on Tuesday.
The Grab Holdings stock price has pulled back in the past few weeks as its growth momentum faded and competition rose. GRAB was trading at $4.55 on Monday, down by over 20% from its highest level in 2024.