Streetbeat News

GRAB

Grab Holdings Limited

https://www.grab.com/sg

Industry

Software - Application

Grab Holdings Limited provides superapps that allows access to mobility, delivery, financial services, and enterprise offerings through its mobile application in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company is headquartered in Singapore.

Open

4.96

Mkt cap

21B

Volume

97M

High

5.54

P/E Ratio

-273.00

52-wk high

5.54

Low

4.94

Div yield

N/A

52-wk low

2.90

Grab Holdings Limited (NASDAQ:GRAB) reported Q2 FY23 revenue growth of 77% YoY to $567.0 million, beating the consensus of $546.1 million. The company's Deliveries and Mobility segments drove the growth, with revenues rising 118% and 29% YoY respectively. The company reiterated its FY23 revenue outlook of $2.20 billion - $2.30 billion, up by 54% - 60% YoY. GRAB shares traded higher by 4.19% premarket.

Portfolio Pulse from Anusuya Lahiri

August 23, 2023 | 1:11 pm

VCI Global Limited announced a collaboration with Microsoft Azure OpenAI. Foot Locker shares dropped after a Q2 revenue miss, an 11% rise in inventories, and lowered gross margin guidance. Grab's Q2 EPS and sales beat estimates.

Portfolio Pulse from ryanfaloona@benzinga.com

August 23, 2023 | 12:24 pm

Grab Holdings Inc. reported better-than-expected Q2 earnings and raised its annual adjusted EBITDA outlook, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:06 am

Grab Holdings has reaffirmed its FY2023 sales guidance of $2.20B-$2.30B, which is in line with the $2.28B estimate. The company has also raised its adjusted EBITDA guidance to a loss of $30M-$40M, a significant improvement from the previous estimate of a loss of $195M-$235M.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:05 am

Grab's Q2 Gross Merchandise Volume (GMV) has increased by 4% YoY to $5.24B, with Monthly Transacting Users (MTUs) also increasing by 7% YoY to 34.9M. The GMV for deliveries has also seen a 4% YoY increase to $2.57B.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:02 am

Grab Holdings (NASDAQ:GRAB) reported Q2 earnings per share (EPS) of $(0.03), beating the analyst consensus estimate of $(0.05) by 40%. This is an 80% increase over losses from the same period last year. The company also reported quarterly sales of $567.00 million, beating the analyst consensus estimate of $546.12 million by 3.82%. This is a 76.64% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:00 am

Grab Hldgs (NASDAQ:GRAB) is set to release its quarterly earnings report on August 23, 2023. Analysts estimate an earnings per share (EPS) of $-0.05. The company's past performance shows a mixed trend of EPS estimates and actuals, with the last quarter missing EPS by $0.00. The share price increased by 0.36% the next day. The stock is currently trading at $3.27, down 6.81% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 2:00 pm

Online grocery delivery service, Instacart Inc, is reportedly preparing for an initial public offering (IPO) by September. The company had previously hinted at going public in 2022, partnering with Goldman Sachs Group Inc and JPMorgan Chase & Co, but delayed plans due to a downturn in the IPO market. Instacart's valuation was previously estimated at $24 billion, but has been revised to around $13 billion.

Portfolio Pulse from Anusuya Lahiri

August 18, 2023 | 12:52 pm

Grab Holdings Inc's (NASDAQ:GRAB) rental arm, Grab Rentals Pte. Ltd., has agreed to acquire Trans-cab Holdings Ltd., Singapore's third largest taxi operator. The acquisition will include Trans-cab's taxi and car rental business, maintenance workshop, and fuel pump operations. The deal is expected to close in Q4 2023, subject to regulatory approvals. Grab expects the acquisition to drive operational efficiency, reduce costs, and derive savings from scale in areas like auto insurance premiums and parts procurement.

Portfolio Pulse from Lekha Gupta

July 20, 2023 | 10:24 am

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