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

4.49

Mkt cap

17B

Volume

4.3M

High

4.51

P/E Ratio

-148.63

52-wk high

5.72

Low

4.42

Div yield

N/A

52-wk low

2.98

Grab Holdings (NASDAQ:GRAB) reported Q3 GAAP EPS of $(0.02), in line with analyst consensus. This is a 75% increase over losses from the same period last year. The company's quarterly sales of $615.00M beat the analyst consensus estimate of $589.91M by 4.25%, marking a 60.99% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 11:04 am

Delivery Hero is planning to partially sell its Asia business, with Singapore-based Grab being a potential buyer, according to Wiwo magazine.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 1:36 pm

Arm Holdings is preparing for an IPO that could value the company at $54 billion. Goldman Sachs has dismissed multiple employees due to violations of its communications guidelines. Google is reducing its global recruiting department due to a hiring slowdown. Starbucks founder and former CEO Howard Schultz is leaving the company's board. Marvel Studios' VFX workers have voted for unionization. Singapore may impose new rules on ride-hailing companies like Grab Holdings. Kroger's Home Chef division is in a logo dispute with Grubhub. Carrefour is issuing price alerts on products from suppliers like Nestle, PepsiCo, and Unilever. CrownRock is preparing for a potential sale that could value the company at over $10 billion. Delta Air Lines and United Airlines are facing an antitrust lawsuit. Ron Baron holds over $1 billion in shares in SpaceX. Microsoft is facing a formal EU complaint over its Teams app. Electronic Arts' Stig Asmussen is leaving the company. OpenAI is opening a new office in Dublin. Caesars Entertainment has suffered a cybersecurity breach.

Portfolio Pulse from Vandana Singh

September 14, 2023 | 1:56 pm

Singapore's Land Transport Authority is considering new regulations for ride-hailing companies like Grab Holdings Ltd (NASDAQ:GRAB) and GoTo. The focus will be on supply availability, resilience, inclusivity of services, and adoption of clean-energy vehicles. The number of daily rides in Singapore increased to 613,000 in July 2023 from 517,000 in November 2020. The review is expected to be completed by Q2 2024. Both Grab and GoTo are struggling to break even due to intense competition across Asia.

Portfolio Pulse from Anusuya Lahiri

September 14, 2023 | 10:40 am

Several stocks experienced significant price movements in Wednesday's mid-day session. Eiger BioPharmaceuticals shares dropped by 52.5% after the company decided to discontinue a Phase 3 study. Avalo Therapeutics shares surged by 68% after receiving a notice from Nasdaq. Rocket Pharmaceuticals rose by 31.8% after reaching alignment with the FDA on a global Phase 2 trial. HireRight Holdings climbed by 14.8% after planning an additional $25 million share repurchase program. REV Group surged by 9.2% after reporting better-than-expected Q3 results and raising FY23 net sales guidance.

Portfolio Pulse from Lisa Levin

September 13, 2023 | 6:07 pm

Singapore's Land Transport Authority will investigate the supply of taxi and ride-hailing services, which may impact Grab Holdings. This is in connection with a review of the point-to-point industry structure and regulatory framework.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 2:34 pm

Benchmark analyst Fawne Jiang maintained a Buy rating for Grab Holdings Limited (NASDAQ:GRAB) and raised the price target from $4 to $6. The company posted solid 2Q23 results and revised their full-year guidance positively. They now anticipate breaking even in 3Q23, an improvement from the earlier 4Q23 estimate. Barclays analyst Jiong Shao upgraded Grab from Equal-Weight to Overweight and a $4.5 price target. Citigroup analyst Alicia Yap maintained Grab with a Buy and raised the price target from $4.8 to $5.2.

Portfolio Pulse from Anusuya Lahiri

August 24, 2023 | 5:35 pm

In the last quarter, Grab Hldgs (NASDAQ:GRAB) received 5 analyst ratings, with 4 being bullish or somewhat bullish and 1 being indifferent. The average price target is $5.16, indicating an upside from the current price of $3.725. The average price target has increased by 26.16% over the past month.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 5:00 pm

Evercore ISI Group analyst Mark Mahaney maintains an 'Outperform' rating on Grab Holdings (NASDAQ:GRAB) and raises the price target from $5 to $7.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 4:29 pm

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