[Grab Holdings (GRAB US) Target Price Change]: Positive on Profit Growth, Cut TP for Slower GMV
Deliveries GMV in C4Q22 missed guidance midpoint by (4%). We, however, are positive on Grab’s strategy of improving profitability especially amid...
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The Week That Was in ASEAN@Smartkarma - Grab's Moving Fast, Kalbe Farma Innovates, and SATS Rights
The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity...
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Grab (GRAB US) - Moving Towards Steady State
Grab's 4Q2022 numbers late last week made encouraging reading with revenues exceeding expectations significantly despite slow GMV growth in the...
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Grab Follows Suit with GoTo and Accelerates Profitability Timeline
Grab reported 4Q22 earnings and brought forward breakeven timeline to 4Q2023 from 2H2024 earlier similar to its competitor GoTo. The company is...
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GoTo Accelerates Profitability Timeline but We Are Not Yet Convinced
GoTo announced last week that it is accelerating its profit targets to achieve positive adjusted EBITDA by 4QFY2023. We think aggressive cost...
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