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Broker's Calls
Citi ups Grab’s TP to US$5.20; opens 30-day positive catalyst watch
Citi's analysts have also increased their revenue estimates for the 4QFY2023 as they expect to see "solid" results.
January 22, 2024
Company in the news
Grab loses second top executive in six months as president quits
The company won’t replace Maa as other senior managers will assume the role’s responsibilities.
November 15, 2023
Broker's Calls
Foodpanda deal could be ‘value-accretive’ for Grab, says HSBC
HSBC's analysts expect Grab to turn adjusted ebitda positive in 3QFY2023 and FCF-positive in FY2024.
September 24, 2023
Broker's Calls
DBS upgrades Grab to ‘buy’ with higher TP of US$4.29
DBS Group Research analyst Sachin Mittal says he sees opportunities with the recent pullback in its share price.
September 21, 2023
Tech
Early Grab backer raises Southeast Asia fund amid tech rout
The fundraising shows that some venture firms are still finding capital even as the industry grapples with rising interest rates
September 06, 2023
Results
Grab narrows losses to US$148 mil for 2QFY2023; raises FY2023 ebitda forecast
Grab has revised its group adjusted ebitda guidance range up by US$165 million to US$195 million for FY2023.
August 23, 2023
Broker's Calls
DBS downgrades Grab to ‘fully valued’ on ‘structural challenges’
Analyst Sachin Mittal has, however, increased his TP to US$3.16 from US$3.07 previously.
July 24, 2023
Broker's Calls
Maybank Securities maintains ‘buy’ call on Grab, as slimmer losses enable a focus on growth
Maybank Securities maintains “buy” on Grab Holdings ahead of its 1HFY2023 ended June results.
July 19, 2023
Digital Economy
Southeast Asian GMV may grow 15% a year in 2022 – 2030 to exceed US$400 bil, says Bloomberg Intelligence
Sea Limited is expected to reach a full-year breakeven before Grab and GoTo, says analyst Nathan Naidu.
June 20, 2023
Company in the news
Grab plans biggest round of job cuts since pandemic
The cuts suggest Grab is succumbing to investor pressure for faster cost reduction.
June 20, 2023