“Covid-19 has accelerated the growth of the digital economy in Asean, and Grab has been foremost among the Asean digital giants,” says Tiruchelvam.
Tellimer’s Nirgunan Tiruchelvam has initiated coverage on Grab Holdings with a “buy” call and a US$13 target price.
In his Dec 9 report, Tiruchelvam, who heads up Tellimer's consumer sector equity research, says Grab provides unique exposure to the explosion of food delivery, ride-hailing, and mobile money.
