Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Grab Holdings Limited (GRAB) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Grab currently has an averag ...

Kokkai Ng Introduction Grab (NASDAQ:GRAB), the so-called Uber (UBER) of Southeast Asia, has been trading range-bound between $2 and $4 for nearly two years now. However, the stock is quietly up 11% YTD as it approaches a key resistance level. Short-term bulls might consider taking profits while bears might argue that Grab stock is pretty much dead money at these levels. Meanwhile, I make the investment case that Grab stock is still a sleeping giant with so much more upside potential ahead. That said, here a ...

Grab Holdings Limited (GRAB) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this company have returned +4.6% over the past month versus the Zacks S&P 500 composite's +4.2% change. The Zacks Technology Services industry, to which Grab belongs, has gained 5.4% over this period. Now the key question is: Where could the stock be headed in the near term? Although media reports o ...

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? Let's take a look at what these Wall Street heavyweights have to say about Grab Holdings Limited (GRAB) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Check price target ...

Key Points Grab Holdings Ltd. NASDAQ: GRAB operates a one-stop super app platform offering ride-hailing, delivery and financial services in Southeast Asia. Grab embodies the spirit of the network effect. Customers who are comfortable and satisfied with one service, like ride-hailing, will trust the brand and be more accepting of trying new services, such as food and grocery delivery along with financial services. Cross-selling unrelated services is embedded into the platform. Grab is a computer and technolo ...

In a dynamic operating environment, the path to profitability requires focus and discipline. It also frequently requires cutting costs and finding new efficiencies by using technology. Singaporean super app Grab reported earnings results Wednesday (May 15), announcing a record adjusted core profit and raising its annual forecast. On a call with analysts, the company cited its "relentless" efforts to cut costs, as well as the impact of artificial intelligence in optimizing its operations. "We continue to exe ...

Alicia Yap - Citigroup Pang Vitt - Goldman Sachs Ian Peterson - Evercore Piyush Choudhary - HSBC Singapore Jiong Shao - Barclays Ranjan Sharma - JPMorgan I will now turn it over to Douglas Eu to start the call. Good day, everyone, and welcome to GrabÂ's first quarter 2024 earnings call. IÂ'm Douglas Eu, Director of Investor Relations and Strategic Finance [ph] at Grab. And joining me today are Anthony Tan, Chief Executive Officer; Alex Hungate, Chief Operating Officer; and Peter Oey, Chief Financial Officer ...

Earnings Call 2 Forward-Looking Statements Grab's unaudited selected financial data for the three months ended March 31, 2024 and 2023 included in this document and the investor webcast is based on financial data derived from Grab's management accounts that have not been reviewed or audited. 3 However, there are a number of limitations related to the use of non-IFRS financial measures, and as such, the presentation of these non-IFRS financial measures should not be considered in isolation from, or as an alt ...

SINGAPORE, May 16, 2024 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB) today announced unaudited financial results for the first quarter ended March 31, 2024. "Our focus on product-led growth is bearing fruit, with On-Demand GMV scaling to new highs in spite of the seasonal impact we usually see in the first quarter of the year. Our push on affordability and reliability is pulling more people onto our platform and driving up order frequency. We also continue to see our partner earnings trending up ...

SINGAPORE, May 16, 2024 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB) today announced unaudited financial results for the first quarter ended March 31, 2024. "Our focus on product-led growth is bearing fruit, with On-Demand GMV scaling to new highs in spite of the seasonal impact we usually see in the first quarter of the year. Our push on affordability and reliability is pulling more people onto our platform and driving up order frequency. We also continue to see our partner earnings trending up ...