Net revenues, for one, grew 24% y-o-y on the back of 18% y-o-y gross merchandise volume growth (GMV). Grab’s robust delivery was mainly supported by the mobility segment wherein GMV/revenues grew 27% y-o-y, particularly helped by tourism and large corporate and social events.
Analysts at DBS Group Research and Maybank Securities are keeping “buy” on Grab following its 1QFY2024 results release.
In their May 16 report, Maybank analysts highlight that Grab delivered another solid quarter, with a mid-teens to high-20% growth across its segments.
