Grab Holdings Limited (GRAB) closed the latest trading day at $4.81, indicating a +1.48% change from the previous session's end. This change outpaced the S&P 500's 1.26% gain on the day. Meanwhile, the Dow experienced a rise of 0.8%, and the technology-dominated Nasdaq saw an increase of 1.77%.Shares of the company witnessed a loss of 9.54% over the previous month, trailing the performance of the Business Services sector with its loss of 4.33% and the S&P 500's loss of 2.82%.The investment community will be ...

Market Overview - The Nasdaq reached another record high on Monday, driven by the outlook for lower interest rates and technology-driven earnings growth [1] - Despite Nvidia dropping over 10% from its peaks, the market continues to show bullish signs, indicating a cooling off of one of the best-performing stocks [1] - The stock market may experience profit-taking in the coming weeks, presenting opportunities to buy stocks and ETFs at discounted prices [2] Investment Opportunities - Bullish investors might consider buying home run stocks heading into 2025, particularly highly-ranked cheap stocks trading for $10 a share or less [3] - Wall Street analysts are optimistic about these cheap stocks due to their improving earnings outlooks and strong Zacks Ranks [3] - Investors can find winning stocks under $10 by being extremely selective, with a narrowed list of speculative stocks that could boost portfolios [7] Penny Stocks and Stocks Under $10 - Penny stocks, traditionally defined as trading for $1 or less, now include securities trading for less than $5 a share, often considered speculative [4] - Penny stocks often trade infrequently, have wide bid/ask spreads, and exhibit excessive volatility, though some perform exceptionally well [5] - Stocks trading in the $5 to $10 range are generally less risky than penny stocks but still more speculative than higher-priced stocks [6] Screening Parameters for Cheap Stocks - Price less than or equal to $10 [8] - Volume greater than or equal to 1,000,000 [8] - Zacks Rank less than or equal to 2 (No Holds, Sells, or Strong Sells) [8] - Average Broker Rating less than or equal to 3.5 (Hold or Better) [8] - Minimum of two analysts covering the stock [8] - No downward revisions in earnings estimates over the past 12 weeks [8] Grab Holdings Limited (GRAB) - Grab Holdings Limited is a Singapore-based company operating in deliveries, mobility, and digital financial services via its 'superapp' [9] - The app allows users to order food and groceries, send packages, hail rides, and access financial services like lending and insurance [9] - Grab operates in over 700 cities across eight Southeast Asian countries, with a 15% growth in gross merchandise value in Q3 and a 16% increase in monthly transacting users to 42 million [10] - Grab posted adjusted Q3 earnings of $0.01 per share, beating estimates, and raised its revenue outlook, projecting growth from $2.36 billion in FY23 to $3.28 billion in FY25 [12] - The company is expected to reduce its adjusted loss from -$0.11 in 2023 to -$0.03 in 2024 and achieve a profit of +$0.06 per share in 2025 [13] - Grab holds a Zacks Rank 1 (Strong Buy) and has 12 out of 15 brokerage recommendations as "Strong Buys" [13] - Grab stock has surged 45% in the last six months, despite a 70% drop from its November 2021 peaks, and is approaching positive earnings [15]

Company Overview - MMMT Wealth is managed by Oliver, a CPA with experience in private equity, hedge funds, and asset management [1] - The company was founded in 2023 when Oliver began sharing investment strategies and stock insights on platforms like X and Substack [1] - Oliver focuses on a 3-5 year investment horizon, leveraging insights from investor calls, presentations, financials, and news [1] - Oliver has 5 years of investing experience and 4 years as a CPA, emphasizing passion and thorough research in identifying top businesses [1] Investment Approach - The primary goal is to identify life-changing investment opportunities, even if limited to 1 or 2 significant investments [1] - Oliver dedicates extensive time to researching the best global businesses, aiming to provide valuable insights to followers [1] Analyst Background - Oliver's professional background includes roles in financial services, with a focus on private equity, hedge funds, and asset management [1] - Despite having less experience than some peers on Seeking Alpha, Oliver's knowledge and dedication are highlighted as exceptional [1]

Core Viewpoint - Grab Holdings Ltd. has achieved a significant milestone by posting a net profit for the first time in Q3 2024, indicating a turnaround in its financial performance and growth trajectory in the Southeast Asian market [3][4]. Financial Performance - Grab reported Q3 2024 earnings per share (EPS) of $0.01, exceeding consensus estimates of a loss of $0.01. Revenue increased by 17% year-over-year (YoY) to $716 million, surpassing the consensus estimate of $696 million [3][4]. - The company achieved a net profit of $15 million, a substantial recovery from a loss of $99 million in the same quarter last year. Adjusted EBITDA reached an all-time high of $90 million [4]. - Monthly transacting users (MTU) rose to 42 million, representing only 15% of the total addressable market (TAM) in the region [6]. Growth Drivers - Grab effectively utilizes the network effect to cross-sell its services, starting from its core ride-hailing service and expanding into food delivery, grocery delivery, package delivery, payment processing, and financial services [5][6]. - Active users of GrabFood and GrabMart exhibit five times more order frequency and double the retention rate compared to users of single services [6]. Guidance and Forecast - Grab raised its full-year 2024 revenue guidance to a range of $2.76 billion to $2.78 billion, up from the previous forecast of $2.70 billion to $2.75 billion, aligning with the consensus estimate [8]. - Full-year adjusted EBITDA is now expected to be between $308 million and $313 million, an increase from the prior estimate of $250 million to $270 million [8]. Market Position and Stock Performance - Grab's stock has shown positive momentum, breaking out of a symmetrical triangle pattern, with a current price of $4.99 and a price target of $5.48, indicating a potential upside of 9.78% [7][12]. - The company holds $2.5 billion in cash and $5.8 billion in net cash liquidity, reflecting a strong financial position [9].

Company Analysis - Grab stock is significantly undervalued and is expected to take off in the future [1] - The company is considered a "divergent stock" with strong fundamentals and long growth runways despite its currently depressed prices [1] - The analyst has a beneficial long position in Grab shares through stock ownership, options, or other derivatives [1] Investment Strategy - The investment strategy focuses on identifying innovative companies that have the potential to make a significant impact and improve the world [1] - The strategy targets disruptive companies with strong fundamentals and long-term growth potential, even if their current stock prices are undervalued [1]

Financial Performance - Profit for the quarter was $15 million, an improvement of $114 million year-over-year[9] - Adjusted EBITDA improved by $62 million year-over-year to an all-time high of $90 million[2] - Revenue grew 17% year-over-year to $716 million, or 20% on a constant currency basis[4] - Revenue for Q3 2024 was $716 million, a 16.4% increase from $615 million in Q3 2023[39] - Adjusted EBITDA for Q3 2024 was $90 million, compared to $28 million in Q3 2023, reflecting a significant improvement[29] - Total Segment Adjusted EBITDA for the nine months ended September 30, 2024, was $479 million, up from $241 million in the same period of 2023[29] - The company reported a profit of $15 million for Q3 2024, a turnaround from a loss of $99 million in Q3 2023[39] - For the three months ended September 30, 2024, the profit before income tax was $47 million, compared to a loss of $83 million in the same period of 2023[43] - The company reported a total comprehensive income of $146 million for the three months ended September 30, 2024, compared to a loss of $145 million in the same period of 2023[40] - Basic earnings per share for the three months ended September 30, 2024, was $0.01, compared to a loss of $0.02 in the same period of 2023[40] User Engagement - Monthly Transacting Users reached 42 million, a 16% increase year-over-year[5] - Monthly Transacting Users (MTUs) increased, indicating growth in user engagement across Grab's platforms[34] Cash Flow and Financial Position - Operating Cash Flow was $338 million, an improvement of $17 million year-over-year[9] - Adjusted Free Cash Flow was positive at $138 million, improving by $144 million year-over-year[9] - Free Cash Flow for Q3 2024 was $292 million, compared to $275 million in Q3 2023, showing positive cash generation[31] - Adjusted Free Cash Flow for Q3 2024 was $138 million, compared to a negative $6 million in Q3 2023, indicating better cash flow management[32] - Net cash from operating activities for the three months ended September 30, 2024, was $338 million, compared to $322 million in the same period of 2023[43] - The company incurred finance costs of $28 million for the three months ended September 30, 2024, compared to $18 million in the same period of 2023[43] Growth Metrics - On-Demand GMV grew 15% year-over-year to $4.7 billion, or 18% on a constant currency basis[4] - Total loan portfolio grew 81% year-over-year to $498 million[17] - Customer deposits in the digital bank tripled to $1.1 billion, a 50% increase quarter-over-quarter[19] - Full year 2024 revenue guidance raised to $2.76 billion - $2.78 billion, reflecting 17% - 18% year-over-year growth[10] Operational Costs - The cost of revenue increased to $409 million in Q3 2024 from $375 million in Q3 2023, reflecting higher operational costs[39] Assets and Equity - Total assets increased to $9,178 million as of September 30, 2024, up from $8,792 million as of December 31, 2023[42] - Cash and cash equivalents at the end of the period were $2,885 million, a decrease from $3,138 million at the beginning of the period[44] - Total equity attributable to owners of the Company decreased to $6,359 million as of September 30, 2024, from $6,449 million as of December 31, 2023[42] Future Outlook - The company plans to continue focusing on expanding its product offerings and enhancing user experience to drive future growth[25]

Financial Data and Key Metrics Changes - Group revenues in Q2 2024 grew 17% year-on-year or 23% on a constant currency basis, reaching an all-time high of $664 million [12] - On-demand GMV increased by 13% year-on-year or 18% on a constant currency basis to $4.4 billion [12] - Adjusted EBITDA for the quarter was $64 million, an improvement of $81 million from the same period last year [13] - Adjusted free cash flow was $36 million in Q2, representing an improvement of $56 million year-on-year [14] Business Line Data and Key Metrics Changes - Mobility revenue increased by 19% year-on-year or 23% on a constant currency basis, driven by strong growth in mobility MTUs and transactions [12] - Deliveries revenue grew 11% year-on-year or 17% on a constant currency basis, with Deliveriz GMV growing 14% on a concurrency basis [5][12] - Financial services revenue surged 54% year-on-year or 61% on a constant currency basis, primarily from lending across GrabFin and GXS Bank [12] Market Data and Key Metrics Changes - Deposits in GXS Bank in Singapore and GX Bank in Malaysia grew over 50% quarter-on-quarter to $730 million [3] - Total loan dispersals across GrabFin and DG Banks reached an annualized run rate of $2 billion in Q2 [3] - Monthly active driver supply increased by 13% year-on-year and 5% quarter-on-quarter, with retention rates remaining healthy at 90% [9] Company Strategy and Development Direction - The company is focused on leveraging its platform scale to drive profitable growth, with a commitment to product and tech-led strategies [2] - A three-pronged approach will be adopted to scale the ecosystem, emphasizing affordability, AI-led growth, and cost discipline [4] - The company aims to achieve long-term segment adjusted EBITDA margin guidance of 9% plus for mobility and 4% plus for deliveries [13][24] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the macro outlook for Southeast Asia, with expectations of strong demand and tourism recovery [18] - The company anticipates sequential growth in on-demand GMV and group-adjusted EBITDA for the second half of 2024 [15] - Management remains committed to achieving positive adjusted free cash flow for the full year of 2024 [15] Other Important Information - The company activated a Calamity Assistance Program to support partners affected by Typhoon Gemi [5] - The latest ESG report was published, highlighting the company's commitment to community welfare and environmental health [4] Q&A Session Summary Question: Impact of FX weakness on GMV and revenue growth - Management acknowledged that FX weakness affected headline growth but noted that the U.S. dollar has weakened recently, turning headwinds into tailwinds for Q3 [17] Question: Explanation for dip in mobility EBITDA margin - Management explained that the dip was expected due to strategic investments in affordability and reliability, with a long-term view of improving margins [19] Question: Potential disruptions from short video platforms - Management expressed confidence that Grab's in-app experience and scale advantages would mitigate potential disruptions from social media partnerships [20] Question: Update on premium offerings and TransCap acquisition - Management highlighted the growth potential of premium offerings and confirmed ongoing efforts to enhance supply in Singapore despite the TransCap acquisition not being cleared [22][24]

Q3 2024 Financial Performance - Revenue increased by 17% year-over-year (YoY) to $716 million, with a 20% increase on a constant currency basis[11] - On-Demand Gross Merchandise Value (GMV) grew by 15% YoY to $4659 million, or 18% on a constant currency basis[11] - Group Adjusted EBITDA was a profit of $90 million, compared to $28 million in Q3 2023, representing a 224% increase[11] - The company reported a profit for the period of $15 million, a significant improvement from a loss of $99 million in the same period last year[11] - Adjusted Free Cash Flow for the trailing 12 months was $76 million, an increase of $348 million YoY[11] Segment Performance - Deliveries revenue increased by 13% YoY to $380 million, with GMV growing by 12% YoY to $2965 million[23] - Mobility revenue increased by 17% YoY to $271 million, with GMV growing by 20% YoY to $1694 million[24] - Financial Services revenue increased by 34% YoY to $64 million, and the loan portfolio grew by 81% YoY to $498 million[25] Financial Position - Bank deposits across Digibanks tripled YoY, surpassing $1 billion[20] - Total loans disbursed grew 38% YoY to $567 million[20] - Cash liquidity stood at $6142 million as of September 30, 2024, with net cash liquidity at $5814 million[22] Outlook - The company updated its 2024 revenue outlook to $276 billion - $278 billion, representing 17%-18% YoY growth[28] - The company updated its 2024 Group Adjusted EBITDA outlook to $308 million - $313 million[28]

Revenue grew 17% year-over-year, or 20% on a constant currency basis to $716 millionOn-Demand GMV grew 15% year-over-year, or 18% on a constant currency basis to $4.7 billionProfit for the quarter was positive at $15 millionAdjusted EBITDA improved by $62 million year-over-year to an all-time high of $90 millionOperating Cash Flow of $338 million in the third quarter, and Adjusted Free Cash Flow of $76 million on a trailing 12-month basis SINGAPORE, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Grab Holdings Limited ( ...

NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB, the “Company”  or “Grab”), plans to announce its unaudited third quarter 2024 results after the U.S. market closes on November 11, 2024.   The Company’s management will hold a conference call to discuss the third quarter 2024 results at: Date and time:7:00 PM U.S Eastern Time on November 11, 20248:00 AM Singapore Time on November 12, 2024 A link to the call will be posted on the Company’s investor relations website at investors ...