High value mobility rides gross merchandise value (GMV) grew 30% y-o-y in 3Q2024 and priority deliveries rose in the delivery segment.
HSBC Global Research analysts Piyush Choudhary and Rishabh Dhancholia have downgraded Grab Holdings from “buy” to “hold”, while raising their target price to US$5.50 ($7.36) from US$4.25 previously.
Grab’s on-demand monthly transacting user (MTU) growth has grown 19% y-o-y in 3QFY2024 ended September, driven by the company’s investment into various products to expand its total addressable market.
