Grab (GRAB)

• Market cap: $19.9B
• 1 day: 1.23%
• 5 days: -4.63%
• 1 month: -3.89%
• 3 months: 33.51%
• 6 months: 39.94%
• Year to date: 49.70%
• 1 year: 51.53%
• 5 years: -43.54%
• 10 years: -43.54%

About: Founded in 2012, Grab provides ride-sharing services, food and grocery delivery, and financial services (payments, consumer loans, and enterprise offerings) in eight Southeast-Asian countries through its mobile platform. The company partners with merchants and riders, connecting them with consumers while charging commission to both sides. Grab has a leading market share in and derives 89% of its revenue from its core businesses, ride-sharing and food delivery. Singapore and Malaysia contributed 58% of revenue as of end-2021. Grab's main competitors in Southeast Asia are Foodpanda and Gojek, the ride-sharing arm of GoTo. Its financial services business is still in its nascent stage and provides minimal revenue currently. The company now also generates advertising revenue.

Employees: 10,604

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

149% more call options, than puts

Call options by funds: $19.2M | Put options by funds: $7.72M

28% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 39

19% more funds holding in top 10

Funds holding in top 10: 16 [Q2] → 19 (+3) [Q3]

3% more funds holding

Funds holding: 329 [Q2] → 340 (+11) [Q3]

8% less repeat investments, than reductions

Existing positions increased: 110 | Existing positions reduced: 119

7% less capital invested

Capital invested by funds: $7.8B [Q2] → $7.28B (-$514M) [Q3]

7.32% less ownership

Funds ownership: 57.22% [Q2] → 49.9% (-7.32%) [Q3]

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $4.60 7% downside
• Avg. target: $5.76 17% upside
• High target: $8 62% upside

8 analyst ratings

• positive: 6 75%
• neutral: 1 13%
• negative: 1 13%

B of A Securities Sachin Salgaonkar 100% 1-year accuracy 10 / 10 met price target	1% downside $4.90	Underperform Downgraded	22 Nov 2024
China Renaissance Yiwen Zhang 0% 1-year accuracy 0 / 1 met price target	9% upside $5.40	Hold Downgraded	21 Nov 2024
Barclays Jiong Shao 61% 1-year accuracy 23 / 38 met price target	11% upside $5.50	Overweight Maintained	13 Nov 2024
Mizuho Wei Fang 50% 1-year accuracy 3 / 6 met price target	21% upside $6	Outperform Maintained	13 Nov 2024
JP Morgan Ranjan Sharma 100% 1-year accuracy 4 / 4 met price target	15% upside $5.70	Overweight Maintained	12 Nov 2024