Some penny stocks to invest in have come up on my radar, and I think that investors should know about these. Despite the risks, penny stocks can potentially offer outsized returns if chosen carefully. However, it’s crucial to understand that these types of investments are highly speculative and volatile.With that major caveat in mind, here are a few penny stocks that have piqued my interest recently based on their underlying business prospects, recent news or developments, and perceived potential for future ...

This month in March has led to these three top penny stocks to buy. Like many investors, I’ve been closely watching the cryptocurrency market with Bitcoin (BTC-USD) looking to head towards a new all-time high. However, I’ve also had my finger on the pulse of some intriguing penny stocks I feel are real bargains.I think that investors of all risk tolerances and time horizons should consider adding at least a tiny proportion of their portfolios of top penny stocks to buy. These companies may give your portfol ...

Joa_Souza/iStock Unreleased via Getty Images Grab Holdings Limited (NASDAQ:GRAB) recently reported better-than-expected EPS and reported positive EBITDA values for the first time. Also, with an acceleration of restructuring costs, a significant amount of cash in hand, and double-digit net sales growth, I believe that GRAB stock is a buy. I found risks from new labor regulation changes or relations with drivers and merchants. With that, GRAB looks cheap at the current price mark. Grab Holdings Operating ...

jjlim80/E+ via Getty Images Grab (NASDAQ:GRAB) is a Singaporean technology company that offers a wide range of services, including ride-hailing, food delivery, and financial services. It is one of the largest technology companies in Southeast Asia, with operations in eight countries and over 35 million monthly transacting users. Share performance has been disappointing since the IPO in 2020. Initially surging above $16, it then plummeted due to concerns about profitability and competition. The stock cur ...

Disclaimer Grab's unauditedselected financial data for the three months and twelve months ended December 31, 2023 and 2022 included in this document and the investor websast is based financial data derived from the Grab's management accounts that have not been reviewed or audited. Explanation of non-IFRS financial measures; Operating Metrics Industry and Market Data Forward-looking statements speak only as of the date they are made. Grab does not undertake any obligation to update any forward-looking statem ...

Financial Performance - Q4 2023 revenue grew 30% year-over-year to $653 million, driven by growth across all segments and reduced incentives[3] - Q4 2023 profit for the period was $11 million, a significant improvement from a net loss of $391 million in the prior year[8] - Full year 2023 revenue reached $2,359 million, a 65% increase year-over-year, exceeding guidance[12] - Total revenue for the year ended December 31, 2023, was $2,359 million, up 64.5% from $1,433 million in 2022[38] - Adjusted EBITDA for Q4 2023 improved by $146 million year-over-year to $35 million, marking the eighth consecutive quarter of improvements[3] - The company achieved a Total Segment Adjusted EBITDA of $228 million for the three months ended December 31, 2023, compared to $112 million in the same period of 2022, reflecting a 103.6% increase[29] Gross Merchandise Volume (GMV) - Total GMV for Q4 2023 increased by 9% year-over-year to $5,441 million, with On-Demand GMV growing 18% year-over-year[4] - Full year 2023 GMV grew 5% year-over-year to $20,983 million, with On-Demand GMV increasing by 12%[12] - Mobility GMV rose 28% YoY in Q4 2023, with a full year growth of 32% YoY[16] Segment Performance - Deliveries revenue for Q4 2023 was $321 million, up 20% year-over-year, with segment adjusted EBITDA expanding to 3.6% of GMV[14] - Mobility revenues increased by 26% YoY in Q4 2023, reaching a total growth of 36% YoY for the full year 2023[16] - Financial Services revenue doubled to $56 million in Q4 2023, representing a 159% YoY increase for the full year 2023[18] - Revenue from Enterprise and New Initiatives grew 124% YoY in Q4 2023, driven by increased contributions from Advertising[19] - Segment adjusted EBITDA for Financial Services improved by 29% YoY for the full year 2023, despite a negative adjusted EBITDA of $81 million in Q4 2023[18] Cash and Liquidity - Cash liquidity totaled $6.0 billion at the end of Q4 2023, with net cash liquidity remaining stable at $5.2 billion[8] - The company’s cash and cash equivalents increased to $3,138 million as of December 31, 2023, up from $1,952 million in 2022[41] - The cash and cash equivalents at the end of the period reached $3.14 billion, up from $1.95 billion at the end of Q4 2022[44] Shareholder Actions - The company announced a share repurchase program of up to $500 million and plans to repay the outstanding balance of its Term Loan B[2] - Grab's Board of Directors authorized a share repurchase program of up to $500 million for Class A ordinary shares[22] Future Outlook - The company expects FY 2024 revenue guidance of $2.70 billion to $2.75 billion, representing a 14% to 17% year-over-year growth[13] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[45] - The company plans to discontinue GMV reporting for Financial Services starting Q1 2024, focusing on ecosystem transactions and lending[21] User Engagement and Operations - The monthly active driver supply increased by 11% YoY in Q4 2023, while earnings per transit hour for driver-partners rose by 14% YoY[16] - Monthly Transacting Users (MTUs) have been expanded to include offline transactions, enhancing user engagement metrics[34] Other Financial Metrics - Free Cash Flow for the year ended December 31, 2023, was $(54) million, an improvement from $(932) million in 2022[30] - The company incurred restructuring costs of $3 million for the three months ended December 31, 2023, down from $4 million in the same period of 2022[29] - The total assets of the company decreased to $8,792 million as of December 31, 2023, from $9,170 million in 2022[41] - The total liabilities increased to $2.32 billion, while total equity and liabilities stood at $8.79 billion[42] Impairments and Costs - The company reported a net impairment loss on financial assets of $21 million for the three months ended December 31, 2023[43] - The company incurred finance costs of $17 million in Q4 2023, down from $54 million in Q4 2022[43] - The net cash used in financing activities was $46 million for the three months ended December 31, 2023, compared to $848 million in the same period last year[44] - The net cash used in operating activities for the three months ended December 31, 2023, was $(26) million, slightly worse than $(23) million in the same period of 2022[30] - The company’s equity-settled share-based payments amounted to $66 million in Q4 2023, a decrease from $90 million in Q4 2022[43]

A Gojek driver looks at a smartphone in Jakarta, Indonesia, on Monday, Dec. 11, 2023. ByteDance Ltd.'s TikTok agreed to invest $1.5 billion in a joint venture with Indonesia's GoTo Group that it will control, part of a pact that lets the Chinese company restart its shopping app in its biggest online-retail market. Photographer: Dimas Ardian/Bloomberg via Getty ImagesIndonesian tech giant GoTo on Tuesday denied it is in merger discussions with Singapore-based ride-hailing rival Grab."The company would also l ...

GoTo has denied that it is in merger talks with Grab Holdings.The company said in a Tuesday (Feb. 13) filing that it “is not having any discussion on such matters,” Reuters reported Tuesday.Bloomberg reported Friday (Feb. 9) that GoTo and Grab Holdings — which are both Southeast Asian ride-hailing and food-delivery companies — had restarted merger talks.“We have only just been aware of the issue from the mass media,” GoTo said in the filing cited by Reuters. “Through this letter, the company would like to c ...

NEW YORK, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB, the “Company”  or “Grab”), plans to announce its unaudited fourth quarter and full year 2023 results before the U.S. market opens on February 22, 2024.   The Company’s management will hold a conference call to discuss the fourth quarter 2023 results at: Date and time:7:00 AM U.S Eastern Time on February 22, 20248:00 PM Singapore Time on February 22, 2024 A link to the call will be posted on the Company’s investor relations webs ...

NEW YORK, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB, the “Company” or “Grab”), plans to announce its unaudited fourth quarter and full year 2023 results before the U.S. market opens on February 22, 2024. The Company’s management will hold a conference call to discuss the fourth quarter 2023 results at: 7:00 AM U.S Eastern Time on February 22, 2024 Date and time: 8:00 PM Singapore Time on February 22, 2024 A link to the call will be posted on the Company’s investor relations websi ...