The stock market is facing some unique challenges at this point. For starters, the specter of inflation continues to push back the timelines for interest rate cuts that many had anticipated by now. Then there’s the incredibly uncertain geopolitical situation due to the Ukraine and Middle East conflict. Furthermore, the artificial intelligence (AI) catalyst hasn’t materialized as most expected. Hence, its probably not the best time to be thinking about the best $10 stocksConsequently, the stock market is now ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR For the transition period from _______ to _______ OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requir ...

Stocks to make you rich — who doesn’t like the sound of that? Thanks to the Fed holding interest rates steady and healthy corporate profits, the S&P 500 builds on last year’s performance. It makes growth stock investing attractive, particularly with three interest rate cuts from the Fed this year.To take advantage of what is happening in the broader markets, let’s explore a trio of stocks holding upside of 30% or more, covering a wide variety of sectors such as streaming, ride-hailing, and digital payments. ...

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 ...

Financial Data and Key Metrics Changes - In Q4 2023, revenue grew 30% year-on-year to reach $653 million, while full-year revenue increased to $2.36 billion, exceeding the top end of revised guidance [81] - The company reported a net profit of $11 million in Q4 2023 for the first time, benefiting from a reversal of an accounting accrual [52][113] - Group adjusted EBITDA improved to $35 million in Q4 2023, a year-on-year increase of $146 million [52] Business Line Data and Key Metrics Changes - Mobility revenue increased by 26% year-on-year, with GMV surpassing pre-COVID levels as the company exited 2023 [49][50] - Deliveries GMV grew 13% year-on-year in Q4 2023, marking the third consecutive quarter of growth [58][111] - Financial Services revenue more than doubled year-on-year in Q4 2023, driven by higher contributions from ecosystem payments and lending [43][110] Market Data and Key Metrics Changes - Monthly active users (MTUs) for Deliveries reached record highs, with significant year-on-year growth in spending per user across cohorts [32][111] - Chinese travelers are contributing significantly to the Mobility business, with efforts to target this demographic yielding positive results [10][11] Company Strategy and Development Direction - The company aims to deepen user engagement through product innovation, including the GrabUnlimited loyalty program [18][67] - Plans to repay the remaining Term Loan B debt facility are expected to save approximately $50 million in annual interest expenses [21][88] - The company is focused on maintaining a strong balance sheet while returning excess capital to shareholders through a $500 million share repurchase program [55][88] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to drive revenue growth, particularly in 2025 and beyond, citing successful cost management and product initiatives [4][30] - The company anticipates continued growth in the Mobility segment, particularly from international travelers as the market recovers [39][73] - Management highlighted the importance of operational efficiencies and cost management in driving profitability [27][90] Other Important Information - The company has seen strong traction with its Malaysian digital bank, GXBank, which launched in Q4 2023 and quickly gained over 100,000 customer signups [28] - The advertising business reached an annualized run rate of nearly $160 million, with significant growth in self-serve advertising tools among merchants [45][82] Q&A Session Summary Question: Insights on the $500 million share buyback program - Management indicated that the pace of capital deployment will be cautious and influenced by market dynamics [122] Question: Clarification on Foodpanda acquisition interest - Management confirmed that they are not pursuing the acquisition of Foodpanda, emphasizing their competitive position in the market [70][123] Question: Guidance on EBITDA and potential areas of concern - Management acknowledged the conservative guidance for EBITDA, citing the need for a cautious approach while rolling out new product features [99][130] Question: Expectations for MTU growth across segments - Management noted that MTU growth is driven by both market share gains and new solutions, with seasonal factors playing a role [108] Question: Financial Services segment losses and future outlook - Management indicated that Q4 represented peak losses for the Financial Services segment, with expectations for sequential improvement moving forward [103][114]

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]