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NEW YORK, July 25, 2023 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB, the “Company” or “Grab”), plans to announce its unaudited second quarter 2023 results before the U.S. market opens on August 23, 2023.
Grab has been excessively beaten down since its listing in H2 2021. With the company moving toward break-even, however, there is a compelling investment case here. At a net cash balance of nearly 40% of its market cap, the market has likely penalized the stock too harshly.
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The Harvard Endowment Fund aims to finance the ongoing operations at Harvard University in Boston. Its goal isn't to deliver outrageously good returns.
Sales and earnings results for the first quarter came in ahead of analysts' consensus expectations. Weak growth in gross merchandise volume signals potential problems for the business.
GRAB has one of the leading superapps in Southeast Asia, which provides lots of optionality for the company to expand into other businesses by leveraging its massive customer base. The demand for food and grocery delivery services in Southeast Asia experienced slower growth in 2022 as COVID restrictions eased and life returned to normal.
NEW YORK, April 25, 2023 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB, the “Company” or “Grab”), plans to announce its unaudited first quarter 2023 results before the U.S. market opens on May 18, 2023.
Kakao Mobility, the ride-hailing subsidiary of South Korean messaging and internet giant Kakao, has made its first acquisition as it looks to raise its international profile.
The stock price of Grab Holdings Ltd (NASDAQ: GRAB) fell by 15.07% this past week. This is why.
Grab's super app strategy and early lead in key markets make it a dominant player in the Southeast Asian tech ecosystem. The company's focus on profitable verticals like food delivery and ride-hailing, coupled with the potential of its fintech platform, makes it an attractive investment opportunity.