In today’s briefing:
- Grab Holdings (GRAB IJ) – Record Breaker
- Singtel (ST): Catalysts Incoming
Grab Holdings (GRAB IJ) – Record Breaker
- Despite headwinds from geopolitical events, surging fuel prices and regulatory headwinds in Indonesia, Grab released yet another knockout set of results, after which the company increased FY2026 guidance.
- Grab balanced affordable product growth to expand its ecosystem, with high-value products, combining to improve both volumes and profitability, with Grab Unlimited and Grab Mart continuing to grow in importance.
- Grab’s financial services booked the strongest segmental growth and is forecast to break even in 2H2026. Grab remains a core consumer proxy for ASEAN, booking increasingly profitable and sustainable growth.
Singtel (ST): Catalysts Incoming
- Singapore Telecommunications (ST SP) SOTP valuation is sitting at 13% discount to the current share price.
- Plenty of catalysts, including data center and digital infrastructure catalysts, as well as discussions to further monetize a partial sale in Optus.
- For investors who require a market neutral idea, shorting Bharti Airtel (BHARTI IN) could provide an alternative given its valuation premium as well as its slower execution.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
