In the latest market close, Grab Holdings Limited (GRAB) reached $3.64, with a -0.55% movement compared to the previous day. The stock's performance was behind the S&P 500's daily loss of 0.19%. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq depreciated by 0.36%. The company's stock has climbed by 14.38% in the past month, exceeding the Business Services sector's gain of 6.7% and the S&P 500's gain of 2.06%. The upcoming earnings release of Grab Holdings Limited will be of great int ...

Group 1 - The S&P 500 is near all-time highs, prompting a shift in portfolio allocation towards value stocks and international growth stocks [1] - Gary Alexander has extensive experience in technology, having worked on Wall Street and in Silicon Valley, and advises seed-round startups [1] - Alexander has been a contributor to Seeking Alpha since 2017 and his insights are featured in various trading apps like Robinhood [1]

Exhibit 99.1 GRAB HOLDINGS LIMITED INTERIM REPORT FOR THE SIX MONTHS ENDED JUNE 30, 2024 PRELIMINARY NOTE Our unaudited condensed consolidated financial statements as of June 30, 2024 and for the six months ended June 30, 2024, included herein, have been prepared in accordance with IAS 34 Interim Financial Reporting, as issued by the International Accounting Standards Board ("IASB") and are reported in U.S. Dollars. These should be read in conjunction with our audited financial statements as of December 31, ...

fongfong2 Introduction Grab Holdings (NASDAQ:GRAB), the leading superapp and the so-called Uber of Southeast Asia, just reported Q2 earnings that missed Revenue estimates and EPS that was in line with expectations. The stock sold off by more than 7% following the news. After looking through the earnings report, I realized that while there were some disappointing numbers, there were certainly no red flags. I think investors overreacted to the news headline that growth is slowing down, but if we just dig a li ...

The ride-sharing company slipped on a disappointing earnings report. Shares of Grab Holdings (GRAB -5.93%) were heading lower today after Southeast Asia's leading ride-sharing business posted disappointing results in its second-quarter results. As of 1:20 p.m. ET, the stock was down 5.9% on the news. Grab comes up short Revenue in the quarter rose 17%, or 23% in constant currency to $664 million, which missed estimates at $673.2 million. Gross merchandise volume (GMV), or the total value of all orders, grew ...

Company Performance - Grab achieved a record high of 41 million monthly active users (MTUs) in the latest quarter, indicating strong growth in its ecosystem and improved product usage frequency and reliability [1] - The company reported profitable growth in its ride-hailing and food delivery segments, while also highlighting its banking operations, which include three digital banks and the Grabfin FinTech platform [1] Banking Operations - Deposits in GXS Bank in Singapore and GX Bank in Malaysia increased by over 50% quarter on quarter, reaching $730 million, with total loan disposals across Grabfin and the digital banks hitting an annualized run rate of $2 billion in the second quarter [2] Digital Engagement in Singapore - High levels of digital engagement in Singapore are supported by widespread access to high-speed internet and smartphones, with the government advocating for digital transformation among businesses, particularly SMEs [3] - Initiatives like the SMEs Go Digital program are funded to help SMEs leverage digital solutions for operational improvements and revenue generation [4] Acquisition Attempt - Grab attempted to acquire Trans-Cab, Singapore's third-largest cab company, but was denied by the local competition regulator, which the company hoped would enhance supply and productivity in the taxi fleet [4][5] - Despite the setback, Grab is focusing on enhancing supply in Singapore through various technological initiatives to improve driver productivity [5]

Key Takeaways Grab Holdings posted lower-than-expected revenue and gave a soft full-year outlook as riders spent less on its service. The Asian ride-hailing firm reported the average amount of spending per user declined 6% from 2023. Both revenue and adjusted EBITDA guidance came up short of analysts' forecasts. Shares of Grab Holdings (GRAB) tumbled in intraday trading Thursday as the Asian ride-hailing firm missed revenue estimates and gave soft guidance as rider spending declined. The Singapore-based com ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Grab Holdings Limited (GRAB) . Grab currently has an average bro ...

Core Viewpoint - Grab Holdings Limited reported a quarterly loss of $0.01 per share, aligning with the Zacks Consensus Estimate, and showing improvement from a loss of $0.03 per share a year ago [1] - The company posted revenues of $664 million for the quarter ended June 2024, which was 2.40% below the Zacks Consensus Estimate, but an increase from $567 million year-over-year [2] Financial Performance - The company has surpassed consensus EPS estimates only once in the last four quarters [1] - Grab's revenue performance has exceeded consensus estimates twice in the last four quarters [2] Market Performance - Grab shares have not appreciated since the beginning of the year, contrasting with the S&P 500's gain of 14.4% [3] - The stock is currently rated Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is -$0.01 on revenues of $700.71 million, and for the current fiscal year, it is -$0.03 on revenues of $2.74 billion [7] - The outlook for the Technology Services industry, where Grab operates, is currently in the top 35% of Zacks industries, suggesting potential for better performance compared to lower-ranked industries [8]

• Revenue grew 17% year-over-year, or 23% on a constant currency basis to $664 million • On-Demand GMV grew 13% year-over-year, or 18% on a constant currency basis to $4.4 billion • Operating Loss improved by $121 million year-over-year to $(56) million • Adjusted EBITDA improved by $81 million year-over-year to $64 million SINGAPORE, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB) today announced unaudited financial results for the second quarter ended June 30, 2024. "We continued to ...