investor presentation grab

• Subscription

Here’s A Look At Grab’s Latest Investor Presentation Slides Ahead Of Its S$53B US Listing

In this article

Singapore-based technology company and super app Grab  announced yesterday that it intends to go public in the US in partnership with Altimeter Growth Corp.

The proposed transactions value Grab at an initial pro-forma equity value of approximately US$39.6 billion (S$53.16 billion) at a PIPE size of more than US$4.0 billion (S$5.37 billion) and will provide Grab with approximately US$4.5 billion (S$6.04 billion) in cash proceeds.

Ahead of its listing plan in the US , Grab has released an investor presentation featuring key statistics on the company’s growth in Singapore and the Southeast Asian region.

Southeast Asia’s Leading Super App

Grab was launched as MyTeksi in Malaysia in 2012, which allowed the booking of a ride via an app.

They later expanded into the region from 2013 onwards as GrabTaxi. It moved into Singapore, the Philippines, and Thailand in that year and four other Southeast Asian countries over the next four years, rebranding themselves as Grab along the way.

It has since grown to become Southeast Asia’s leading super app, boasting a suite of services from transport and delivery to micro investments, insurance and financial services.

This suite of services are integrated into what a consumer will do daily in their lives, from ordering your breakfast, grabbing a ride to your office to online shopping after work.

Grab’s Latest Financials

Here are some key statistics as shown in the investor presentation:

In 2020, Grab has attained $12.5 billion in gross merchandise value, surpassing pre-pandemic levels and more than doubling from 2018. Grab’s adjusted net revenue was $1.6 billion in 2020, with over 1.9 billion transactions completed on Grab.

It is available in over 400 cities in 8 countries. As of December 2020, Grab has 5 million registered driver partners and 2 million merchant partners

It has also managed to diversify its business model across the eight countries, with no one country accounting for more than 35 per cent of its revenue.

The investor presentation also states that Grab is in the top position in mobility with the largest last-mile transportation network, deliveries, with the largest delivery platform, and financial services.

The company has made significant strides towards profitability, achieving positive segment EBITDA in mobility across all markets, and positive segment EBITDA in deliveries in five out of six countries. Furthermore, it expects to hit profitability by 2023.

Post-IPO Vision

According to the company, it believes that it is perfectly positioned to serve the needs of consumers, merchants and drivers in Southeast Asia through its super app strategy, and it will continue to expand its offerings in the region.

It already offers an ecosystem of complementary services, addressing high-frequency, everyday needs, all via one app.

Across online food delivery, ride-hailing and digital wallet payments, Grab expects its total addressable market to grow from approximately US$52 billion (S$69.59 billion) in 2020 to more than US$180 billion (S$134.50 billion) by 2025.

“It gives us immense pride to represent Southeast Asia in the global public markets. This is a milestone in our journey to open up access for everyone to benefit from the digital economy,” said Grab founder and CEO Anthony Tan.

Featured Image Credit: ucars.sg

Also Read Grab President Says Revenue Has Jumped 70% In 2020 – What Can We Expect From Grab In 2021?

Subscribe to our newsletter

Stay updated with Vulcan Post weekly curated news and updates.

MORE FROM VULCAN POST

Entrepreneur

Net zero explained: Why Amazon, Microsoft, & M’sia itself are pledging to be carbon neutral

This kombucha café in Bukit Jalil said goodbye only to reopen in the same spot months later

Malaysian startups need to stop copying the Silicon Valley playbook, here’s why

Keeping a fading legacy alive, these M’sian sisters’ Peranakan beadwork shoes start from RM1K

Senheng is building an all-in-one lifestyle app, here’s how M’sians can benefit from it

Keeping quality high & prices low, Airbot plans to grow its physical presence in Malaysia

5 things M’sian fintech entrepreneurs can’t ignore if they want to propel their startups

News Reader

S’pore ranks 4th wealthiest city in the world – 4 out of 100 residents are millionaires

International

Vulcan Post aims to be the knowledge hub of Singapore and Malaysia.

© 2021 GRVTY Media Pte. Ltd. (UEN 201431998C.)

English (USA)

English (UK)

English (Canada)

English (India)

Deutsch (Deutschland)

Deutsch (Österreich)

Deutsch (Schweiz)

Français (France)

Français (Suisse)

Nederlands (Nederland)

Nederlands (België)

• Top Capitalization
• United States
• North America
• Middle East
• Sector Research
• Earnings Calendar
• Equities Analysis
• Most popular
• UNICREDIT S.P.A.
• INFINEON TECHNOLOGIES AG
• AMD (ADVANCED MICRO DEVICES)
• UBS GROUP AG
• NIPPON ACTIVE VALUE FUND PLC
• Index Analysis
• Indexes News
• EURO STOXX 50
• Currency Cross Rate
• Currency Converter
• Forex Analysis
• Currencies News
• Precious metals
• Agriculture
• Industrial Metals
• Livestock and Cattle
• CRUDE OIL (WTI)
• CRUDE OIL (BRENT)

• Developed Nations
• Emerging Countries
• South America
• Analyst Reco.
• Capital Markets Transactions
• New Contracts
• Profit Warnings
• Appointments
• Press Releases
• Security Transactions
• Earnings reports
• New markets
• New products
• Corporate strategies
• Legal risks
• Share buybacks
• Mergers and acquisitions
• Call Transcripts
• Currency / Forex
• Commodities
• Cryptocurrencies
• Interest Rates
• Asset Management
• Climate and ESG
• Cybersecurity
• Geopolitics
• Central Banks
• Private Equity
• Business Leaders
• All our articles
• Most Read News
• All Analysis
• Satirical Cartoon
• Today's Editorial
• Crypto Recap
• Behind the numbers
• All our investments
• Asia, Pacific
• Virtual Portfolios
• USA Portfolio
• European Portfolio
• Asian Portfolio
• My previous session
• My most visited
• Growth stocks at reasonable prices
• Dividend Kings
• Undervalued stocks
• Quality stocks at a reasonable price
• Ageing Population
• The genomic revolution
• Unusual volumes
• New Historical Highs
• New Historical Lows
• Top Fundamentals
• Sales growth
• Earnings Growth
• Profitability
• Rankings Valuation
• Enterprise value
• Top Consensus
• Analyst Opinion
• Target price
• Estimates Revisions
• Top ranking ESG
• Environment
• Visibility Ranking
• Stock Screener Home
• The food of tomorrow
• Strategic Metals
• The Internet of Things
• Israeli innovation
• Oversold stocks
• Overbought stocks
• Close to resistance
• Close to support
• Accumulation Phases
• Most volatile stocks
• Top Investor Rating
• Top Trading Rating
• Top Dividends
• Low valuations
• All my stocks
• Stock Screener
• Stock Screener PRO
• Portfolio Creator
• Event Screener
• Dynamic Chart
• Economic Calendar
• Our subscriptions
• Our Stock Picks
• Thematic Investment Lists

Grab Holdings Limited

Kyg4124c1096.

• Grab : Investor Day 2022 Presentation

Q&A Session

Cautionary Statement

FORWARD-LOOKING STATEMENTS. This presentation and the related webcast (together, this "Presentation") contain "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this Presentation, including but not limited to, statements about Grab's goals, targets, projections, outlooks, roadmaps, estimations, steady-state information, beliefs and expectations, business strategy and plans, objectives of management for future operations of Grab, market sizes, and growth opportunities, are forward-looking statements. Similarly, ESG roadmaps are dependent on future factors, such as continued technological progress and policy support, and also represent forward-looking statements. Some of the forward-looking statements can be identified by the use of forward-looking words, including "anticipate," "expect," "suggest," "plan," "believe," "intend," "estimate," "target," "project," "should," "could," "would," "may," "will," "forecast," "annualized," "illustrative" or other similar expressions. Forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of Grab, which involve inherent risks and uncertainties, and therefore should not be relied upon as being necessarily indicative of future results. A number of factors, including macro-economic, industry, business, regulatory and other risks, could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to: Grab's ability to grow at the desired rate or scale and its ability to manage its growth; its ability to further develop its business, including new products and services; its ability to attract and retain partners and consumers; its ability to compete effectively in the intensely competitive and constantly changing market; its ability to continue to raise sufficient capital; its ability to reduce net losses and the use of partner and consumer incentives, and to achieve profitability; potential impact of the complex legal and regulatory environment on its business; its ability to protect and maintain its brand and reputation; general economic conditions, in particular as a result of COVID-19 and currency exchange fluctuations; expected growth of markets in which Grab operates or may operate; and its ability to defend any legal or governmental proceedings instituted against it. In addition to the foregoing factors, you should also carefully consider the other risks and uncertainties described in the "Risk Factors" section of Grab's registration statement on Form F-1 and the prospectus therein, and other documents filed by Grab from time to time with the U.S. Securities and Exchange Commission (the "SEC"). Forward-looking statements speak only as of the date they are made. Grab does not undertake any obligation to update any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required under applicable law. "Grab" refers to, unless the context otherwise requires, Grab Holdings Limited and its subsidiaries and consolidated affiliated entities.

NON-IFRS FINANCIAL MEASURES. This Presentation includes references to non-IFRS financial measures, which include: Adjusted EBITDA, Segment Adjusted EBITDA, Segment Adjusted EBITDA margin and financial information on a constant currency basis. However, the presentation of these non-IFRS financial measures is not intended to be considered in isolation from, or as an alternative to, financial measures determined in accordance with IFRS. In addition, these non-IFRS financial measures may differ from non-IFRS financial measures with comparable names used by other companies. Grab uses these non-IFRS financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons, and Grab's management believes that these non-IFRS financial measures provide meaningful supplemental information regarding its performance by excluding certain items that may not be indicative of its recurring core business operating results. For example, Grab's management uses: Total Segment Adjusted EBITDA as a useful indicator of the economics of Grab's business segments, as it does not include regional corporate costs. There are a number of limitations related to the use of non-IFRS financial measures. In light of these limitations, Grab provides specific information regarding the IFRS amounts excluded from these non-IFRS financial measures and evaluate these non-IFRS financial measures together with their relevant financial measures in accordance with IFRS. With regard to forward-lookingnon-IFRS guidance and targets provided in this Presentation, Grab is unable to provide a reconciliation of these forward-lookingnon-IFRS measures to the most directly comparable IFRS measures without unreasonable efforts because the information needed to reconcile these measures is dependent on future events, many of which Grab is unable to control or predict. See the Supplemental Information from page 105 to 107 of this Presentation for additional important information regarding the non-IFRS financial measures, including their definitions and a reconciliation of these measures to the most directly comparable IFRS financial measures.

SUPPLEMENTAL INFORMATION. See the Supplemental Information from page 105 to 107 of this Presentation for additional important information regarding unaudited financial information, industry and market data, definitions of operating metrics, trademarks and tradenames, and rounded numbers contained in this Presentation.

Anthony Tan

CEO & Co-founder

Southeast Asia's leading superapp

Country Countries

City Cities

This is an excerpt of the original content. To continue reading it, access the original document here .

Attachments

• Original Link
• Original Document

Grab Holdings Ltd. published this content on 28 September 2022 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 28 September 2022 00:15:04 UTC .

Latest news about Grab Holdings Limited

Chart grab holdings limited.

Company Profile

Income statement evolution, ratings for grab holdings limited, analysts' consensus, eps revisions, quarterly earnings - rate of surprise, sector application software.

• Stock Market
• News Grab Holdings Limited

• Sustainability
• Latest News
• News Reports
• Documentaries & Shows
• TV Schedule
• CNA938 Live
• Radio Schedule
• Singapore Parliament
• Mental Health
• Interactives
• Entertainment
• Style & Beauty
• Experiences
• Remarkable Living
• Send us a news tip
• Events & Partnerships
• Business Blueprint
• Health Matters
• The Asian Traveller

Trending Topics

Follow our news, recent searches.

Commentary commentary

Commentary: Why Grab is in such a rush to get listed

Advertisement.

commentary Commentary

CEO Anthony Tan is in a rush to build Grab into a super app and achieve profitability, and the company’s listings will help him do that without too much public scrutiny, say IMD Business School’s Howard Yu and Angelo Boutalikakis.

A man walks past a Grab office in Singapore. (File photo: Reuters/Edgar Su)

LAUSANNE: Grab battled Uber. It survived a merger fallout with Gojek. It coaxed tolerance out of regulators in a fragmented region of Southeast Asia. 

Most recently, the Securities and Exchange Commission (SEC) has threatened to put a brake on the frantic SPAC (special purpose acquisition companies) activities. Despite all this, Grab managed to land a US$40 billion merger with the US-based Altimeter Capital.

“You need to be hyper paranoid and constantly thinking that the guy on your right is trying to murder you,” CEO Anthony Tan of Grab said in an interview with Financial Times in 2014.

READ: Commentary: Anthony Tan, the ‘unabashedly ambitious’ man behind Grab

His paranoia has been justified - Anthony is restless. His “workhorse” nature has been known since his days at Harvard Business School. He has been seen taking calls and reading case studies while running on a treadmill.

What he’s running against now is time. He needs Grab to become a super app before others. He needs to do so before Grab’s core business shows any signs of plateauing.

TOO MUCH MONEY IS CHASING TOO FEW GREAT IDEAS

The rise of SPACs is closely tied to one of the biggest wealth transfers of modern economic times. The purpose of a SPAC is to raise capital through an initial public offering (IPO).

Only later will a SPAC buy a start-up. 

READ: Commentary: Grab’s blockbuster deal comes at questionable time for SPAC market

In this twisted arrangement, the start-up can effectively bypass all the compliance hurdles of a traditional IPO. 

There’s no public scrutiny of financial disclosure and no formal filing of a detailed prospectus in the form of S-1. That’s why SPACs are referred to as blank cheque companies. They give whatever a start-up needs without asking too many questions.

For instance, through a regular IPO, Mr Tan would have faced lots of challenges in securing his 60.4 per cent voting rights that he has once the company is listed even though he only owns 2.2 per cent of ordinary shares. 

The recent experiences of the founders of WeWork and Deliveroo show that investors can scupper such disproportionate control of power in an IPO.  

During most of financial history, SPACs had been a minor play. After all, what respectable investors are going to put money in a shell company in the hope that it would one day successfully pick a high-flying unicorn? But the COVID-19 crisis changed all that.

Multi-trillion-dollar stimulus packages have flooded the market with liquidity never seen before. The record highs of Dow Jones and Nasdaq mean that the wealthy - family offices and hedge funds -have become obscenely wealthier. 

READ: Commentary: Deliveroo’s IPO is a lesson to not underestimate investors

Meanwhile, the number of publicly listed companies has been dropping over the last three decades, dropping from 8,000 to just over 4,000 today. All that money needs to find new investment opportunities.

So, Altimeter Capital becomes the blank cheque company for Grab. And in this deal, Grab will receive a maximum of about US$4.5 billion in cash from the SPAC merger.

A BIG BUSINESS THAT MAKES NO MONEY  

For Grab though, there may be other reasons why the SPAC route was preferred, to escape public scrutiny over financial disclosure compulsory under an IPO.

For venture capitalists or the financial market, no business model is more attractive than a platform - a marketplace that enables the exchange of goods or services and has purported “network effects”.

READ: Commentary: What’s behind Grab’s reported SPAC listing

This so-called network effect has been a common refrain among economists and academics to explain the spectacular growth of these businesses. 

They argue the more people use a platform, the more inherently attractive it becomes, leading even more people to use it. And once a platform reaches a certain size, it becomes too dominant to unseat.

The problem is this argument ignores the profitability issue. In ride-sharing, it turns out that the mere presence of one additional competitor can lead to ruinous, undifferentiated competition.

Plus ride-sharing’s network effect is also limited within one location. For instance, if you are using Grab in Singapore, you don’t necessarily care about the service level in Manila.

This is unlike Facebook, which has a global network. It is also difficult for another company to give Airbnb, for example, a run for its money as that competitor needs to have a global reach and network that Airbnb has. For companies like Grab, competition can easily spring up locally.

Advertisers like P&G or Nike actually care a lot about the size of Facebook’s audience from London to Hong Kong and so companies like Grab who don’t have that global network lose out on large advertising money.

As a result of a more open playing field locally, ride-sharing can easily succumb to a price war. Discount coupons and driver incentives quickly eat into profit margins.

That’s how Grab, Gojek, Uber, and Lyft have lost money.

But Uber in Southeast Asia is no more. And so the bleeding on that front has stopped.

Yet here is exactly why Grab prefers the SPAC route. According to the details revealed in its investor presentation , Grab will have to shave off hundreds of millions of dollars each year, in order to reach profitability. 

It only aims to get to positive EBITDA (earnings before interest, tax, depreciation and amortisation) in 2023.

READ: Commentary: What is the logic of AirAsia entering Singapore’s food delivery market?

Read: commentary: the gig economy – a surprise boost from the pandemic and in singapore, it’s not going anywhere.

How will it do that? Grab’s ride-hailing business – which achieved positive EBITDA just last year - shows the way. 

Already, to save costs in 2020, it may have cut off more than S$600 million worth of incentives for drivers and merchants – a figure larger than the increase it earned in billings that year.

No surprises then if Grab slashes incentives further to achieve the targeted profitability in the next few years. Such information, if disclosed through an IPO prospectus, may have seen a public backlash, which could have affected its listing returns or share pricing.

The question is, can Grab still maintain market share in the currently loss-making food delivery business if it cuts incentives? Why wouldn’t Foodpanda, Deliveroo and others swoop in to scoop up the clientele? Why wouldn’t people simply switch when Foodpanda has full-time deliverers on shifts and therefore may be potentially more reliable?

Regardless, these shaky profitability concerns are also why Mr Tan must move Grab into online food delivery, which since last year is now the biggest contributor to the company’s revenue.

This brings us to Grab’s second listing in Singapore.

FINTECH IS WHERE THE MONEY LIES

Today, Grab is expanding into a “super app.” It offers everything from food and parcel delivery to hotels and airline bookings and access to financial and health services. But being a super app can’t promise profitability; only being in the financial sector does.

It’s a sector full of slow-moving incumbents - and one stuck with obscenely high margins. And most attractive of all, it’s an industry teeming with paperwork and manual processes that should have been automated through technologies decades ago.

And Singapore, being the financial hub, will be Grab’s toehold for its financial service ambition. It has already acquired a banking license together with Singtel.

READ: Commentary: Why a bumper crop of Southeast Asian tech unicorns look set to IPO this year

That’s also why Mr Tan is also considering a second listing in Singapore. He doesn’t need additional money, but a second listing will buy him goodwill from the Singapore Government.

Grab has already acquired a banking license together with Singtel in Singapore, which as a financial hub, will be Grab’s toehold for its financial service ambition. However, Grab will need ongoing accommodation from regulators to navigate any resistance from traditional banks.

Since the company has sufficient cash reserves, it would only raise a small amount on the SGX, but this very symbolic listing would mark a big win for the Singapore Exchange. 

The deal will put SGX in the international spotlight to rival its bigger counterpart of Hong Kong.

Because in Asia, you “had to work with individual government stakeholders, people of power and influence, in the highest echelons,” said Anthony. 

It’s never too early to buy public goodwill.

Howard Yu is the author of  LEAP: How to Thrive in a World Where Everything Can Be Copied  (PublicAffairs; June 2018), LEGO professor of management and innovation at the IMD Business School in Switzerland, and director of IMD’s signature Advanced Management Program. Angelo Boutalikakis is a research associate at Center for Future Readiness at IMD Business School in Switzerland and Singapore.

Related Topics

Also worth reading, this browser is no longer supported.

We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.

To continue, upgrade to a supported browser or, for the finest experience, download the mobile app.

Upgraded but still having issues? Contact us

• Today's news
• Reviews and deals
• Climate change
• 2024 election
• Fall allergies
• Health news
• Mental health
• Sexual health
• Family health
• So mini ways
• Unapologetically
• Buying guides

Entertainment

• How to Watch
• My Portfolio
• Latest News
• Stock Market
• Premium News
• Biden Economy
• EV Deep Dive
• Stocks: Most Actives
• Stocks: Gainers
• Stocks: Losers
• Trending Tickers
• World Indices
• US Treasury Bonds
• Top Mutual Funds
• Highest Open Interest
• Highest Implied Volatility
• Stock Comparison
• Advanced Charts
• Currency Converter
• Basic Materials
• Communication Services
• Consumer Cyclical
• Consumer Defensive
• Financial Services
• Industrials
• Real Estate
• Mutual Funds
• Credit cards
• Balance Transfer Cards
• Cash-back Cards
• Rewards Cards
• Travel Cards
• Personal Loans
• Student Loans
• Car Insurance
• Morning Brief
• Market Domination
• Market Domination Overtime
• Opening Bid
• Stocks in Translation
• Lead This Way
• Good Buy or Goodbye?
• Fantasy football
• Pro Pick 'Em
• College Pick 'Em
• Fantasy baseball
• Fantasy hockey
• Fantasy basketball
• Download the app
• Daily fantasy
• Scores and schedules
• GameChannel
• World Baseball Classic
• Premier League
• CONCACAF League
• Champions League
• Motorsports
• Horse racing
• Newsletters

New on Yahoo

• Privacy Dashboard

Yahoo Finance

Grab to announce third quarter 2023 results on november 9, 2023.

NEW YORK, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB, the “Company” or “Grab”), plans to announce its unaudited third quarter 2023 results before the U.S. market opens on November 9, 2023.

The Company’s management will hold a conference call to discuss the third quarter 2023 results at:

A link to the call will be posted on the Company’s investor relations website at investors.grab.com prior to the call time. Following the call, a replay of the call, along with the earnings press release and presentation slides, will be available at the same website.

Grab is a leading superapp in Southeast Asia, operating across the deliveries, mobility and digital financial services sectors. Serving over 500 cities in eight Southeast Asian countries – Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam – Grab enables millions of people every day to order food or groceries, send packages, hail a ride or taxi, pay for online purchases or access services such as lending and insurance, all through a single app. Grab was founded in 2012 with the mission to drive Southeast Asia forward by creating economic empowerment for everyone, and strives to serve a triple bottom line: to simultaneously deliver financial performance for its shareholders and have a positive social and environmental impact in Southeast Asia.

For more information, visit www.grab.com .

For enquiries, please contact: Investors: [email protected] Media: [email protected]

Press Centre

We blog about driver events, product updates, driving tips, driver stories and more.

• PRODUCT UPDATES
• DRIVER STORIES

Grab, the Leading Superapp for Deliveries, Mobility and Financial Services in Southeast Asia, Plans to Go Public in Partnership with Altimeter

Excerpt here. allow the user to have fully control on excerpt.

Grab Holdings Inc. (“Grab”), Southeast Asia’s leading superapp, today announced it intends to go public in the U.S. in partnership with Altimeter Growth Corp. (Nasdaq: “AGC”) in what is expected to be the largest-ever U.S. equity offering by a Southeast Asian company. The combined company expects its securities will be traded on NASDAQ under the symbol “GRAB” in the coming months.

• Grab is relied on for everyday needs in Southeast Asia and is the category leader for online food delivery, ride-hailing and digital wallet payments [2] in the region 
• Public listing will reinforce Grab’s strong business momentum including Gross Merchandise Value of approximately US$12.5 billion in 2020, surpassing pre-pandemic levels
• The proposed transactions represent an expected equity value on a pro-forma basis of approximately US$39.6 billion and are expected to provide up to approximately US$4.5 billion in cash proceeds to Grab
• Proceeds include more than US$4.0 billion of fully committed PIPE led by US$750 million from funds managed by Altimeter Capital Management, LP
• Investors in the PIPE include funds and accounts managed or advised by BlackRock, Counterpoint Global (Morgan Stanley Investment Management) and T.Rowe Price Associates, Inc., as well as Fidelity International, Fidelity Management and Research LLC, Janus Henderson Investors, Mubadala, Nuveen, Permodalan Nasional Berhad and Temasek  
• Altimeter commits to a three-year lock-up period for its sponsor promote shares, 10% of which will go to the recently announced GrabForGood Fund to support programs with long-term social and environmental impact

SINGAPORE AND MENLO PARK, CALIF. – April 13, 2021 – Grab Holdings Inc. (“Grab”), Southeast Asia’s leading superapp [1] , today announced it intends to go public in the U.S. in partnership with Altimeter Growth Corp. (Nasdaq: “AGC”) in what is expected to be the largest-ever U.S. equity offering by a Southeast Asian company. The combined company expects its securities will be traded on NASDAQ under the symbol “GRAB” in the coming months. 

The proposed transactions value Grab at an initial pro-forma equity value of approximately US$39.6 billion at a PIPE size of more than US$4.0 billion and will provide Grab with approximately US$4.5 billion in cash proceeds. Grab is a superapp dedicated to serving everyday needs and everyday entrepreneurs. It offers services across mobility, deliveries, financial services and more, in an all-in-one app.

Anthony Tan, Group CEO and Co-founder, Grab said, “It gives us immense pride to represent Southeast Asia in the global public markets. This is a milestone in our journey to open up access for everyone to benefit from the digital economy. This is even more critical as our region recovers from COVID-19. It was very challenging for us too, but it taught us immensely about the resiliency of our business. Our diversified superapp strategy helped our driver-partners pivot to deliveries, and enabled us to deliver growth while improving profitability. As we become a publicly-traded company, we’ll work even harder to create economic empowerment for our communities, because when Southeast Asia succeeds, Grab succeeds.”

Brad Gerstner, Founder and CEO, Altimeter said, “As one of the world’s largest and fastest-growing internet companies, Grab is paving the digital path forward for the 670 million citizens of Southeast Asia. We are thrilled that Grab selected Altimeter Capital Markets as their partner to go public and even more excited to become sizable long term owners in this innovative, mission driven company.”    

Southeast Asia is one of the fastest growing digital economies in the world, with a population approximately twice the size of the United States. Yet online penetration for food delivery, on-demand mobility and electronic transactions are a fraction of the U.S. and China. Across online food delivery, ride-hailing and digital wallet payments, Grab expects its total addressable market to grow from approximately US$52 billion in 2020 to more than US$180 billion by 2025 [3] .

Grab believes it is perfectly positioned to serve the needs of consumers, merchants and drivers in Southeast Asia through its superapp strategy. It offers an ecosystem of complementary services, addressing high-frequency, everyday needs, all through one app. This creates a flywheel effect designed to drive growth while lowering cost of service. The more services offered, the more the choices, and consequently the greater the value to consumers using the Grab superapp. In fact, the proportion of Grab users that use 2 or more services has grown 5 times over the last two years [4] . As consumer spend grows, so do the income opportunities for Grab’s merchant and driver-partners, encouraging more of them into Grab’s ecosystem. This leads to wider selection, better value, and faster delivery times for users, with benefits to consumer loyalty and lifetime value. 

Grab’s decision to become a public company was driven by strong financial performance in 2020, despite COVID-19. Grab posted GMV of approximately US$12.5 billion in 2020, surpassing pre-pandemic levels and more than doubling from 2018. The company is also currently the category leader in Southeast Asia for its core verticals [5] , accounting for approximately 72% of total regional GMV for ride-hailing, 50% of total regional GMV for online food delivery and 23% of regional TPV for digital wallet payments in 2020. 

At the same time, the company has made significant strides towards profitability, with a key focus on building a resilient business and delivering sustainable growth, achieving positive segment EBITDA [6] in mobility across all markets, and positive segment EBITDA in deliveries in 5 out of 6 countries.

Proposed Transactions Overview 

Grab’s journey to becoming a U.S.-listed public company will be facilitated by a definitive business combination agreement between Grab and Altimeter Growth, a special purpose acquisition company. Pursuant to the proposed transactions, Altimeter Growth and Grab will become wholly-owned subsidiaries of a new holding company. The combined company is expected to have an equity value on a pro-forma basis of approximately US$39.6 billion.

At closing, the combined company is expected to receive approximately US$4.5 billion in cash proceeds, including more than US$4.0 billion from a fully committed PIPE offering that was upsized due to significant investor interest. Furthermore, Altimeter has also committed up to US$500 million to a contingent investment to be equal to the aggregate dollar amount of redemptions from Altimeter Growth’s shareholders. The PIPE was led by funds managed by Altimeter Capital Management, LP which committed US$750 million, with participation from funds and accounts managed or advised by BlackRock, Counterpoint Global (Morgan Stanley Investment Management), and T.Rowe Price Associates, Inc., as well as Fidelity International, Fidelity Management and Research LLC, Janus Henderson Investors, Mubadala, Nuveen, Permodalan Nasional Berhad and Temasek. Leading family groups from Indonesia including Djarum, the Sariaatmadja family and Sinar Mas also participated in the PIPE.

As part of Altimeter’s long-term commitment to Grab, Altimeter’s sponsor promote shares are    subject to a 3-year lock-up period. Altimeter is also donating 10% of its sponsor promote shares to support the GrabForGood fund, which aims to introduce programs with long-term social and environmental impact, including education, financial support for underserved communities and environmental issues. The GrabForGood fund was announced last week with an initial fund size of US$275 million, including a personal contribution of US$25 million in Grab shares from Grab Group CEO and co-founder Anthony Tan, together with co-founder Hooi Ling Tan and President Ming Maa.

Tan added, “We’ve always believed in long-term partnerships to drive impact at scale. We work closely with governments to support their national agendas, and have partnered with some of the world’s best blue chip companies. Altimeter is investing in a way that demonstrates our aligned values, with a three-year lock-up on their sponsor promote shares and unprecedented contribution of shares to our new GrabForGood endowment fund. They’re joining our journey for the long-run, together with an incredible day one cap table of renowned institutional investors and sovereign wealth funds. This is testament to the global investment community’s belief in the long-term value proposition of Grab’s superapp strategy and the exciting growth potential of Southeast Asia.”

The proposed transactions, which have been approved by the boards of directors of both Grab and Altimeter Growth, are expected to close in the coming months, subject to shareholder approvals, and other customary closing conditions. 

Investor Resources

Additional information is available on the Grab Investor Relations website at www.grab.com/investors , including a presentation of Grab’s business and the transaction details. The presentation will be available beginning April 13, 2021 at 6.00 am ET. Speakers include the senior management team at Grab, including Anthony Tan, Group CEO and Co-Founder of Grab, Ming Maa, President of Grab, Peter Oey, CFO of Grab, and Brad Gerstner, Founder and CEO of Altimeter. 

Altimeter Growth will also be filing a Current Report on Form 8-K, which will include a copy of the business combination agreement and the investor presentation, with the Securities and Exchange Commission available at www.sec.gov . 

Evercore acted as lead financial advisor to Grab. J.P. Morgan and Morgan Stanley Asia (Singapore) Pte were co-advisors. 

J.P. Morgan and Morgan Stanley & Co. LLC acted as lead placement agents, with Evercore and UBS as co-placement agents to Altimeter Growth on the PIPE.

Skadden, Arps, Slate, Meagher & Flom LLP and Hughes Hubbard & Reed LLP acted as legal advisors to Grab.

Ropes & Gray LLP acted as legal advisor to Altimeter Growth. Wilmer Cutler Pickering Hale and Dorr LLP acts as advisor to Altimeter Capital Management LP and Altimeter Capital Markets, which includes Altimeter Growth.

Cooley LLP acted as legal advisor to the placement agents.

Grab is the leading superapp platform in Southeast Asia, providing everyday services that matter to consumers. Today, the Grab app has been downloaded onto millions of mobile devices, giving users access to over 9 million drivers, merchants, and agents. Grab offers a wide range of on-demand services in the region, including mobility, food, package and grocery delivery services, mobile payments, and financial services across 428 cities in eight countries.

About Altimeter

Altimeter Capital Management, LP is a leading technology-focused investment firm built by founders for founders with over $15 billion in assets under management.  Altimeter’s mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth.  Altimeter manages a variety of venture and public funds and serves as an expert long-term partner to companies as they enter the public markets. 

[1] Based on category leadership in online food delivery, ride-hailing and digital wallet. Category leadership assessed by Euromonitor, based on share of GMV and Total Payment Volume (TPV) for 2020. ‘Southeast Asia’ refers to the 6 largest markets in the region only: Indonesia, Malaysia, Singapore, Thailand, Philippines, and Vietnam

[2] Source: Euromonitor. Based on share of GMV in online food delivery and ride-hailing, and share of TPV for digital wallet payments, across Indonesia, Malaysia, Singapore, Thailand, Philippines and Vietnam

[3] Source: Euromonitor. Includes online food delivery, ride-hailing, and digital wallet markets

[4] Source: Grab data, based on Monthly Transacting Users

[5] Source: Euromonitor. Based on share of GMV in online food delivery and ride-hailing, and share of TPV for digital wallet payments, across Indonesia, Malaysia, Singapore, Thailand, Philippines and Vietnam

[6] Segment EBITDA is a non-GAAP measure and excludes regional costs.

Contact Information

For inquiries regarding Grab, please contact: 

In Asia: [email protected]

In the United States: [email protected]  

Grab: [email protected]  

Blueshirt Group: [email protected]  

For inquiries regarding Altimeter, please contact: 

[email protected]

[email protected]  

Forward-Looking Statements

This document includes “forward-looking statements” within the meaning of the federal securities laws with respect to the proposed transaction between Grab Holdings Inc. (“Grab”), J1 Holdings Inc. (“PubCo”) and Altimeter Growth Corp. (“AGC”), and also contains certain financial forecasts and projections. All statements other than statements of historical fact contained in this document, including, but not limited to, statements as to future results of operations and financial position, planned products and services, business strategy and plans, objectives of management for future operations of Grab, market size and growth opportunities, competitive position, technological and market trends and the potential benefits and expectations related to the terms and timing of the proposed transactions, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “anticipate,” “expect,” “suggests,” “plan,” “believe,” “intend,” “estimates,” “targets,” “projects,” “should,” “could,” “would,” “may,” “will,” “forecast” or other similar expressions. All forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of AGC and Grab, which are all subject change due to various factors including, without limitation, changes in general economic conditions as a result of COVID-19. Any such estimates, assumptions, expectations, forecasts, views or opinions, whether or not identified in this document, should be regarded as indicative, preliminary and for illustrative purposes only and should not be relied upon as being necessarily indicative of future results.

The forward-looking statements and financial forecasts and projections contained in this document are subject to a number of factors, risks and uncertainties. Potential risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes in domestic and foreign business, market, financial, political and legal conditions; the timing and structure of the business combination; changes to the proposed structure of the business combination that may be required or appropriate as a result of applicable laws or regulations; the inability of the parties to successfully or timely consummate the business combination, the PIPE investment and other transactions in connection therewith, including as a result of the COVID-19 pandemic or the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the business combination or that the approval of the shareholders of AGC or Grab is not obtained; the risk that the business combination disrupts current plans and operations of AGC or Grab as a result of the announcement and consummation of the business combination; the ability of Grab to grow and manage growth profitably and retain its key employees including its chief executive officer and executive team; the inability to obtain or maintain the listing of the post-acquisition company’s securities on Nasdaq following the business combination; failure to realize the anticipated benefits of business combination; risk relating to the uncertainty of the projected financial information with respect to Grab; the amount of redemption requests made by AGC’s shareholders and the amount of funds available in the AGC trust account; the overall level of demand for Grab’s services; general economic conditions and other factors affecting Grab’s business; Grab’s ability to implement its business strategy; Grab’s ability to manage expenses; changes in applicable laws and governmental regulation and the impact of such changes on Grab’s business, Grab’s exposure to litigation claims and other loss contingencies; the risks associated with negative press or reputational harm; disruptions and other impacts to Grab’s business, as a result of the COVID-19 pandemic and government actions and restrictive measures implemented in response; Grab’s ability to protect patents, trademarks and other intellectual property rights; any breaches of, or interruptions in, Grab’s technology infrastructure; changes in tax laws and liabilities; and changes in legal, regulatory, political and economic risks and the impact of such changes on Grab’s business. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of PubCo’s registration statement on Form F-4, the proxy statement/consent solicitation statement/prospectus discussed below, AGC’s Quarterly Report on Form 10-Q and other documents filed by PubCo or AGC from time to time with the U.S. Securities and Exchange Commission (the “SEC”). These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. In addition, there may be additional risks that neither AGC nor Grab presently know, or that AGC or Grab currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements reflect AGC’s and Grab’s expectations, plans, projections or forecasts of future events and view. If any of the risks materialize or AGC’s or Grab’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements.

Forward-looking statements speak only as of the date they are made. AGC and Grab anticipate that subsequent events and developments may cause their assessments to change. However, while PubCo, AGC and Grab may elect to update these forward-looking statements at some point in the future, PubCo, AGC and Grab specifically disclaim any obligation to do so, except as required by law. The inclusion of any statement in this document does not constitute an admission by Grab nor AGC or any other person that the events or circumstances described in such statement are material. These forward-looking statements should not be relied upon as representing AGC’s or Grab’s assessments as of any date subsequent to the date of this document. Accordingly, undue reliance should not be placed upon the forward-looking statements. In addition, the analyses of Grab and AGC contained herein are not, and do not purport to be, appraisals of the securities, assets or business of the Grab, AGC or any other entity.

Non-IFRS Financial Measures

This document may also include references to non-IFRS financial measures. Such non-IFRS measures should be considered only as supplemental to, and not as superior to, financial measures prepared in accordance with IFRS, and such non-IFRS measures may be different from non-IFRS financial measures used by other companies. 

Important Information About the Proposed Transactions and Where to Find It

This document relates to a proposed transaction between Grab and AGC. This document does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The proposed transactions will be submitted to shareholders of AGC for their consideration. 

PubCo intends to file a registration statement on Form F-4 (the “Registration Statement”) with the SEC which will include preliminary and definitive proxy statements to be distributed to AGC’s shareholders in connection with AGC’s solicitation for proxies for the vote by AGC’s shareholders in connection with the proposed transactions and other matters as described in the Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to Grab’s shareholders in connection with the completion of the proposed business combination. AGC and PubCo also will file other documents regarding the proposed transaction with the SEC. 

After the Registration Statement has been filed and declared effective, AGC will mail a definitive proxy statement and other relevant documents to its shareholders as of the record date established for voting on the proposed transactions. This communication is not a substitute for the Registration Statement, the definitive proxy statement/prospectus or any other document that AGC will send to its shareholders in connection with the business combination. AGC’s shareholders and other interested persons are advised to read, once available, the preliminary proxy statement/prospectus and any amendments thereto and, once available, the definitive proxy statement/prospectus, in connection with AGC’s solicitation of proxies for its special meeting of shareholders to be held to approve, among other things, the proposed transactions, because these documents will contain important information about AGC, PubCo, Grab and the proposed transactions. Shareholders and investors may also obtain a copy of the preliminary or definitive proxy statement, once available, as well as other documents filed with the SEC regarding the proposed transactions and other documents filed with the SEC by AGC, without charge, at the SEC’s website located at www.sec.gov or by directing a request to AGC. The information contained on, or that may be accessed through, the websites referenced in this document is not incorporated by reference into, and is not a part of, this document.

INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

Participants in the Solicitation

AGC, PubCo and Grab and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitations of proxies from AGC’s shareholders in connection with the proposed transactions. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of AGC’s shareholders in connection with the proposed transactions will be set forth in PubCo’s proxy statement/prospectus when it is filed with the SEC. You can find more information about AGC’s directors and executive officers in AGC’s final prospectus filed with the SEC on September 30, 2020. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be included in the proxy statement/prospectus when it becomes available. Shareholders, potential investors and other interested persons should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.

No Offer or Solicitation

This document is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities pursuant to the proposed transactions or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. 

Visit our country press centres

• Philippines

Media Library

Media inquiries, follow us on grab social channels.

• Inside Grab

Engineering Stories

Contact the grab media team.

Please complete the fields below and a member of the Grab media team will respond to your inquiry regarding news stories. For customer support inquiries, do use the contact details found at the bottom of the webpage.

Press Contact

• Your Name *
• Email Address *
• Your Country Your Country Singapore Malaysia Indonesia Thailand Philippines Vietnam Afghanistan Albania Algeria American Samoa Andorra Angola Antigua and Barbuda Argentina Armenia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bosnia and Herzegovina Botswana Brazil Brunei Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Chad Chile China Colombia Comoros Congo, Democratic Republic of the Congo, Republic of the Costa Rica Côte d'Ivoire Croatia Cuba Curaçao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic East Timor Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Faroe Islands Fiji Finland France French Polynesia Gabon Gambia Georgia Germany Ghana Greece Greenland Grenada Guam Guatemala Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Iran Iraq Ireland Israel Italy Jamaica Japan Jordan Kazakhstan Kenya Kiribati North Korea South Korea Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libya Liechtenstein Lithuania Luxembourg Macedonia Madagascar Malawi Maldives Mali Malta Marshall Islands Mauritania Mauritius Mexico Micronesia Moldova Monaco Mongolia Montenegro Morocco Mozambique Myanmar Namibia Nauru Nepal Netherlands New Zealand Nicaragua Niger Nigeria Northern Mariana Islands Norway Oman Pakistan Palau Palestine, State of Panama Papua New Guinea Paraguay Peru Poland Portugal Puerto Rico Qatar Romania Russia Rwanda Saint Kitts and Nevis Saint Lucia Saint Vincent and the Grenadines Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia Seychelles Sierra Leone Sint Maarten Slovakia Slovenia Solomon Islands Somalia South Africa Spain Sri Lanka Sudan Sudan, South Suriname Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Tuvalu Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Virgin Islands, British Virgin Islands, U.S. Yemen Zambia Zimbabwe
• Media Title *

For members of the media who have inquiries about Grab for your reporting, kindly fill in the form below and our Grab Communications team will reach out to assist you.

We will only be able to reply to media inquiries. For all other questions, please visit our Help Center.

Forward Together

3 Media Close, Singapore 138498

Follow us and keep updated!

• Investor Relations
• Sustainability
• Grab Financial Group
• GrabForGood Fund
• Airport Guides
• GrabExpress
• GrabRewards
• Financial services
• Family Account BETA
• Help Centre
• Drive with us
• Deliver with us
• Driver Centre
• GrabAcademy
• Partner with us
• Financial resources
• Grab for Business
• GrabFinance
• GrabDefence
• Business Delivery Service

Quick Links

• Developer Portal

Komsan Chiyadis

GrabFood delivery-partner, Thailand

COVID-19 has dealt an unprecedented blow to the tourism industry, affecting the livelihoods of millions of workers. One of them was Komsan, an assistant chef in a luxury hotel based in the Srinakarin area.

As the number of tourists at the hotel plunged, he decided to sign up as a GrabFood delivery-partner to earn an alternative income. Soon after, the hotel ceased operations.

Komsan has viewed this change through an optimistic lens, calling it the perfect opportunity for him to embark on a fresh journey after his previous job. Aside from GrabFood deliveries, he now also picks up GrabExpress jobs. It can get tiring, having to shuttle between different locations, but Komsan finds it exciting. And mostly, he’s glad to get his income back on track.

If you're seeing this message, that means JavaScript has been disabled on your browser .

Please enable JavaScript to make this website work.

• Press Releases
• Free newsletter

Deep Dive: Grab’s investor presentation

Last month, Grab announced its plans to go public in the US via a merger with Altimeter Capital, a special purpose acquisition company.

Shortly after, Grab unveiled an investor presentation that revealed previously closely guarded financial details.

Grab co-founder and CEO Anthony Tan / Photo montage by Tech in Asia

On this episode of Deep Dive , Tech in Asia industry analyst Simon Huang dives into the deck, parsing through what it says – and doesn’t say – and what it may indicate for the future of the Southeast Asian super app.

00:00 – Intro music 00:38 – Today’s topic: Grab’s investor presentation 01:20 – What is Grab? 02:33 – The factors that led Grab to do an initial public offering 04:40 – A first look under the hood of Grab’s business 06:13 – How the industry reacted to the presentation’s release 08:26 – What’s a SPAC? 11:38 – Delving into the deck: three interesting observations 12:22 – Doubling down on delivery 13:08 – Financial services taking a back seat 14:43 – Negative EBITDA figures 17:17 – What the deck didn’t say 18:24 – Who Grab considers its industry peers 20:10 – Grab co-founder and CEO Anthony Tan’s outsized voting rights 22:22 – The wild card: Grab’s digital bank

Download the full transcript here .

Featured reporter:

• Simon Huang , Tech in Asia ’s industry analyst based in Singapore

Essential reading:

• 6 surprises from the reveal of Grab’s jealously guarded financials
• Retrace the forgotten history of Grab with this timeline
• Grab used this deck to reveal its financials to investors
• Visualizing the size of Grab
• Visual: Tracking Grab’s journey to a $40 billion valuation
• Breaking down Grab’s $40b valuation
• The superpower behind Grab’s super app?
• For more stories on Grab, click here

Episode sponsor:

HVR’s technology empowers organizations to realize their full potential with continuous, high-volume data movement between cloud-based and on-premise systems. Visit HVR’s website to get fresh data when you need it.

Subscribe to Startup Snapshot wherever you listen to podcasts.

Recommended reads

Editing by Eileen C. Ang

(And yes, we’re serious about ethics and transparency. More information here .)

Share, tag us, and land on our Wall of ❤️ !

Nathaniel Fetalvero

A smart refrigerator isn't one with screens, cameras, and wifi. It's one that knows to dim the light when you open it at 3 am.

💼 Latest Jobs

Sales Executive (Media Industry)

Sales Manager B2B

Account Manager

Business development lead, devops engineer.

Senior Software Engineer (Backend)

People Operations Officer

Senior Software Engineer, Web

Asset Management & Procurement Inter...

It database administrator (akulaku in....

📅 Upcoming Events

May 30, 2024

Saigon Summit 2024

Tech in Asia's Founders Meetup: Vietnam

July 24 - 25, 2024

Tech in Asia Conference Kuala Lumpur

Be the first to comment!

Comment now

🏆 Premium Content

Get the daily lowdown on Asia's top tech stories

By signing up, I agree to Tech in Asia's Terms of Service and Privacy Policy .

Grab Holdings Limited (GRAB) Trades Flat On The Day: What You Should Know

G rab Holdings Limited (GRAB) ended the recent trading session at $3.50, demonstrating no swing from the preceding day's closing price. Elsewhere, the Dow gained 0.44%, while the tech-heavy Nasdaq lost 0.18%.

The the stock of company has risen by 6.38% in the past month, leading the Business Services sector's loss of 1.96% and the S&P 500's loss of 0.22%.

The upcoming earnings release of Grab Holdings Limited will be of great interest to investors. The company's earnings report is expected on May 15, 2024. The company's earnings per share (EPS) are projected to be -$0.01, reflecting an 83.33% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $651.42 million, up 24.08% from the prior-year quarter.

For the full year, the Zacks Consensus Estimates are projecting earnings of $0.01 per share and revenue of $2.76 billion, which would represent changes of +109.09% and +17.16%, respectively, from the prior year.

Investors should also pay attention to any latest changes in analyst estimates for Grab Holdings Limited. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Grab Holdings Limited boasts a Zacks Rank of #3 (Hold).

Investors should also note Grab Holdings Limited's current valuation metrics, including its Forward P/E ratio of 525. This indicates a premium in contrast to its industry's Forward P/E of 23.9.

The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 77, which puts it in the top 31% of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

To read this article on Zacks.com click here.

REG - Premier Miton Group - Investor Presentation via Investor Meet Company

Premier Miton Group plc

('Premier Miton' or the 'Company')

Notice of Interim Results and Investor Presentation via Investor Meet Company

Premier Miton Group plc (AIM: PMI) is pleased to announce that Mike O'Shea and Piers Harrison will provide a live presentation relating to the 2024 Interim Results via Investor Meet Company on 30 May 2024 at 14:00 BST.

The presentation is open to all existing and potential shareholders.  Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9:00am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet Premier Miton Group plc via:

https://www.investormeetcompany.com/premier-miton-group-plc/register-investor

Investors who already follow Premier Miton Group plc on the Investor Meet Company platform will automatically be invited.

 Enquiries:

Notes to editors:

Premier Miton Investors is focused on delivering good investment outcomes for investors through relevant products and active management across its range of investment strategies, which include equity, fixed income, multi-asset and absolute return.

LEI Number: 213800LK2M4CLJ4H2V85

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.  END  MSCGCGDUXGGDGSC