Grab

RHB strategy for 2017

Why consumer staples will remain at the forefront of attention in 2017

SINGAPORE (Jan 4): In the opinion of RHB analyst Juliana Cai, consumer discretionary spending in Singapore is likely to continue being weighed down by persistent concerns over job security and stagnant wages – bringing consumer staples to the forefront

RHB strategy for 2017

Singapore’s land transport sector is revving up for a smooth ride

SINGAPORE (Jan 3): RHB has given Singapore’s land transport sector an “overweight” rating amid regulatory tailwinds and improved growth prospects.

Honda Motor invests in Grab to team up on motorcycle sharing

December (Dec 12): Honda Motor Co., the world’s largest motorcycle maker, has become a strategic investor in Grab as part of a partnership to expand the startup’s bike-hailing operations in Southeast Asia.

Grab launches GrabShare to rival Uber’s car-pooling service

SINGAPORE (Dec 6): Grab is going head-to-head with Uber’s new car-pooling service by launching its own version, raising the stakes in the battle between rival ride-hailing apps.
The Red Marker

Local co-working startup Spacemob announces $7.9 mil in seed funding

SINGAPORE (Nov 23): Spacemob, a co-working startup based in Singapore, today announced the closing of a record US$5.5 million ($7.85 million) seed funding round.
Grab CEO Anthony Tan

Grab CEO’s epiphany at 30,000 feet: taking down an Uber Goliath

SINGAPORE (Nov 2): It was on a late July flight home to Singapore when Anthony Tan grasped the potential calamity in news that his biggest ally, Didi Chuxing, was about to buy out arch-rival Uber’s Chinese business.
ComfortDelGro taxi image

Broker's Calls

ComfortDelGro’s fair value driven down by Uber, Grab

SINGAPORE (Oct 4): OCBC Investment Research is keeping its “buy” recommendation on ComfortDelGro but cutting its fair value estimate to $3.10 from $3.21 previously, amid the rapid expansion of private hire car service providers.

Premier Taxis lists Silvercabs on Grab’s app

SINGAPORE (Oct 3): Ride hailing app Grab has partnered Singapore’s Premier Taxis to bring all Silvercab drivers onto its platform.

Self-driving car startup NuTonomy in talks to raise new funds

SINGAPORE (Sept 27): NuTonomy Inc., a self-driving car startup backed by Ford Motor Co. Chairman Bill Ford and Singapore’s government, is in discussions with potential investors for a new round of funding as it works toward a full commercial launch in 2

Uber rival Grab partners with driverless car firm in Singapore

SINGAPORE (Sept 23): Users of ride-hailing firm Grab will be able to book driverless cars from Friday as it partners with a start-up testing the technology in Singapore, just days after rival Uber debuted its self-driving vehicles in the United States.
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