GRAB Stock Recent News

Penny stocks refer to stocks that trade for less than $5 per share. They are typically small companies that trade over-the-counter or on the OTC.

Grab continues to execute well on the top and bottom lines. Backed by a massive net cash balance, the company is also opportunistically consolidating its key markets. The stock isn't pricey at all when you consider its underlying growth potential.

Sea's e-commerce and gaming businesses face existential challenges. Grab continues to dominate the region's mobility and delivery markets.

The Land Transport Authority (LTA) of Singapore announced it will review the ride-hailing and taxi industries, causing shares of Southeast Asian super provider Grab to dip 8%. Grab, whose services include ride-hailing, saw its shares lose the gains they had made over the past three weeks, Seeking Alpha reported Wednesday (Sept.

Investors took quite a shine to the delivery specialist's latest set of quarterly results. So did analysts, as several raised their price targets on the stock.

Grab Holdings Limited (NASDAQ:GRAB ) Q2 2023 Earnings Conference Call August 23, 2023 8:00 AM ET Company Participants Douglas Eu - Head of Asia, IR Anthony Tan - CEO Alexander Hungate - COO Peter Oey - CFO Conference Call Participants Venugopal Garre - Bernstein Piyush Choudhary - HSBC Pang Vittayaamnuaykoon - Goldman Sachs Thomas Chong - Jefferies Alicia Yap - Citigroup Mark Mahaney - Evercore Sachin Salgaonkar - Bank of America Operator Ladies and gentlemen, thank you for joining us today. My name is Ellen, and I'll be your conference operator for this session.

Grab easily exceeded expectations on both revenue and earnings in the second quarter. Deliveries revenue more than doubled year over year thanks in part to lower incentives.

Singapore-based e-commerce and ride-hailing company Grab (GRAB) narrowed its losses by almost three-quarters in the three months ending June and forecast a smaller loss for the year, as cost-cutting measures paid off.

Grab's cost-cutting and optimization policies not only improved profitability but also revealed a certain degree of moat, inelastic demand, the incentive spending efficiencies. Although Grab can reach breakeven and profitability via cost-cutting, Grab still has to grow to justify its currently $14.5bn market cap. Grab is a buy below $4.30 as it could be in a classic accumulation phase.

Food delivery apps Grab and Foodpanda are offering dine-in features as consumers resume their normal daily routines and go out and dine in more frequently.