Company Performance - Grab Holdings Limited (NASDAQ: GRAB) experienced a significant decline of 86% from the end of 2021 to mid-2022, dropping to $2 26 and struggling to rise above $4 for approximately two and a half years [1] - The company has recently begun to reverse this negative trend [1] Analyst Background - Yavuz Akbay is a quantitative analyst with over 5 years of experience in interpreting complex financial data, developing mathematical models, and forecasting [1] - Yavuz utilizes machine learning algorithms to enhance financial analysis and provide accurate recommendations [1] - Yavuz holds a Bachelor of Business Administration and is currently pursuing a Master's in Economics [1]

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]

Exhibit 99.1 Grab Reports Third Quarter 2024 Results • Profit for the quarter was positive at $15 million • Adjusted EBITDA improved by $62 million year-over-year to an all-time high of $90 million • Operating Cash Flow of $338 million in the third quarter, and Adjusted Free Cash Flow of $76 million on a trailing 12-month basis SINGAPORE, November 12, 2024 - Grab Holdings Limited (NASDAQ: GRAB) today announced unaudited financial results for the third quarter ended September 30, 2024. "Third quarter 2024 wa ...

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]

Grab Q3 2024 Earnings Call November 2024 Disclaimer 2 Non-IFRS Financial Measures This document and the investor webcast contain references to non-IFRS financial measures, including Adjusted EBITDA, Segment Adjusted EBITDA, Segment Adjusted EBITDA margin, Total Segment Adjusted EBITDA, Adjusted EBITDA margin and Adjusted Free Cash Flow. Grab uses Adjusted EBITDA, Segment Adjusted EBITDA, Segment Adjusted EBITDA margin, Total Segment Adjusted EBITDA, and Adjusted EBITDA margin for financial and operational d ...

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 ( ...