最后1小时·600元优惠即将过期！日均仅需10.5元即可加入VIP，解锁40+项权益，火速抢购 相关链接 最后1小时·600元优惠即将过期！ ...

Group 1 - The article promotes a limited-time offer for VIP membership, providing a discount of 600 yuan [1] - The promotion includes additional gifts such as Huawei headphones and a trading desk mat featuring classic candlestick patterns [1]

Group 1 - The article promotes a VIP membership program that offers a discount of 13% (87% of the original price) for participants [1] - The average daily cost to join the VIP program is stated to be 10.5 yuan [1] - New members will receive a Huawei headset as an additional incentive for joining the VIP program [1]

Core Viewpoint - The article promotes a limited-time offer for VIP members, highlighting significant savings and additional gifts to enhance trading experience [1] Group 1 - The VIP offer allows members to save 470 yuan, which emphasizes the financial benefits of the promotion [1] - The promotion includes a high-definition display screen, providing an additional resource for monitoring market trends [1] - Other gifts included in the promotion are a capsule power bank and three additional items, enhancing the overall value of the offer [1]

Group 1 - The article promotes a VIP membership offering a 10% discount and additional gifts, including a portable display screen and a capsule power bank [1]

Group 1 - The article promotes a limited-time offer for VIP membership with a discount of 800 yuan [1] - The promotion is tied to the 618 shopping festival, emphasizing urgency as it is the last day to join [1] - Additional incentive includes a free book titled "Golden Perspective" by a notable author, enhancing the value of the VIP membership [1]

Group 1 - The article promotes a limited-time offer for VIP membership, highlighting a significant discount of 800 yuan [1] - The VIP membership unlocks over 40 exclusive benefits, aimed at enhancing user experience and providing valuable insights [1] - The urgency of the offer is emphasized by the mention of a 4-hour countdown until the lowest price channel closes [1]

Group 1 - The article promotes a limited-time offer for VIP membership at a 10% discount, emphasizing urgency with only one day remaining for the deal [1] - New features for VIP members include a tool for tracking support and resistance levels, as well as a signal identification system for detecting false breakouts and capturing reversal profits [1]

Financial Data and Key Metrics Changes - In Q1 2025, Grab achieved a 17% year-on-year growth in on-demand GMV and recorded another all-time high in monthly transacting users, leading to record revenues [5][6] - The trailing twelve-month adjusted free cash flow expanded to $157 million, and the adjusted EBITDA outlook for the full year 2025 was raised to $460 million to $480 million from a previous range of $440 million to $470 million [6][5] Business Line Data and Key Metrics Changes - The delivery segment continued to grow, with monthly transacting users increasing sequentially, particularly driven by strong performance from Grab Mart [20][54] - The number of transactions on the platform increased by 19% year-on-year, indicating higher engagement [36] Market Data and Key Metrics Changes - The company noted that it has not seen any signs of consumer weakness despite macroeconomic uncertainties, particularly in Indonesia, where it outperformed its closest competitor [54][55] - The direct marketing costs in Indonesia declined by 12% quarter-on-quarter, contributing to improved adjusted EBITDA as a percentage of GMV [55] Company Strategy and Development Direction - Grab aims to position itself as a countercyclical company, focusing on improving reliability and affordability in its offerings to drive user growth and retention [5][6] - The company is leveraging AI to enhance user and partner services, with a focus on affordability and efficiency in operations [22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining growth momentum despite potential macroeconomic headwinds, citing strong performance in Q1 and expectations for continued demand growth [6][36] - The company is closely monitoring the macro environment but remains optimistic about its ability to execute its growth strategy [33][39] Other Important Information - Grab's FinTech business is expected to see an increase in lending to consumers, with a focus on prudent growth amid macroeconomic uncertainties [108] - The company is exploring opportunities for value-added acquisitions to enhance its ecosystem [56] Q&A Session Summary Question: Changes in consumer behavior amid weakening macros - Management has not observed any signs of consumer weakness and expects a rebound in growth rates across mobility and deliveries in Q2 [20][21] Question: Confidence in higher EBITDA guidance - The company is confident due to strong Q1 performance, with demand remaining robust despite seasonal challenges [35][36] Question: Plans if demand softens - Management indicated they would monitor the situation closely and may consider promotions to stimulate demand if necessary [33] Question: Industry consolidation in delivery - Management noted ongoing consolidation in the industry but emphasized their focus on growing their delivery segment, which remains underpenetrated [51][52] Question: Performance in Indonesia compared to competitors - Grab outperformed its closest competitor in Indonesia, with strong growth in deliveries and a decline in direct marketing costs [54][55] Question: Margin drivers for deliveries - The margin improvement in deliveries was attributed to product mix and stable incentives, with Grab Mart growing faster than other delivery segments [86][87] Question: FinTech loan book growth and credit quality - The loan book grew 5% to 6% quarter-on-quarter, with stable non-performing loans, and management is monitoring credit quality closely [92][94] Question: Autonomous vehicle partnerships - Grab is exploring partnerships in the autonomous vehicle space, aiming to be at the forefront of this technology [98][99]

Group 1 - The article introduces new VIP features including a false breakout radar and a gold accumulation monitoring tool, available at a 10% discount for a limited time [1] - The promotion includes additional gifts such as an ergonomic keyboard and mouse set, with only two days remaining for the offer [1]