Grab

[winston]

not vested

Citi Cuts Grab Holdings Limited (GRAB.US) TP to USD6.4, Maintains Buy

Citi issued a research report stating that Grab Holdings Limited (GRAB.US) delivered better-than-expected results for 1Q.

Revenue rose 24% YoY to USD955 million, while group EBITDA reached USD154 million, mainly driven by solid on-demand GMV growth and better-than-expected EBITDA margin in the mobility segment.

Management is prudently addressing headwinds in the mobility business and indicated that the impact of Indonesia's 8% commission cap is manageable.

Transaction volume increased 32% YoY, demonstrating resilient demand. In addition, proactive support measures are expected to mitigate fuel cost pressures arising from the Middle East conflict.

Following the results, the broker adjusted its earnings forecasts for 2026 to 2028 to USD437 million, USD509 million and USD631 million, respectively.

It lowered the TP from USD7.2 to USD6.4 and maintained the Buy rating, citing confidence in the company's solid execution capabilities and its leading applications in AI and autonomous driving.

Source: AASTOCKS Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

not vested

Grab should consider a Singapore dual listing on SGX

Beyond an uplift to investor recognition, the company could also benefit from EQDP funds

by Benjamin Cher

Grab’s market capitalisation of US$15 billion is about a tenth of Uber’s US$155 billion.

Source: Business Times

https://www.businesstimes.com.sg/opinio ... isting-sgx