The Week That Was in ASEAN@Smartkarma - Grab, Emtek, and a Digital Game of Thrones
The week that was in ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive, and actionable insights from across South...
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Mitra Adiperkasa (MAPI IJ) - Shape-Shifting to Back in Black
MAPI remains one of our top picks for the gradual recovery in consumption in Indonesia. It has successfully shifted a large portion of sales to...
340 Views
Grab: SOTP Suggests Steep Discount to Proposed SPAC Valuation
Our SOTP valuation implies significant downside to Grab’s pro-forma valuation of the proposed SPAC deal even after assigning generous target...
799 Views
SPAC Grab ... At 2x Uber
There are 650mn consumers in Southeast Asia, worth an estimated US$2.8tn. This is not a winner takes all maker. If anything, it's a three-way "grab".
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Grab Goes Public: Expanding Top Line but No Profits; Proposed Valuation Seems Excessively Ambitious
Grab announced on Tuesday that it plans to go public in the US via a SPAC merger with Altimeter Growth Corp. at a proposed valuation (pro-forma) of...
429 Views