Didi will pave the way for EM ride-hailing companies like Grab
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Didi has surged 16% since its IPO, shrugging off the recent Chinese anti-trust probe
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Didi has paved the way to profitability for ride-hailing companies. Exposure to EV and robotics is an added attraction
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We are positive on other EM ride-hailing companies such as Grab (AGC US: Buy)
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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").
The Analyst certifies that the views and forecasts expressed in this report accurately reflect their personal views about the subject, securities, or issuers specified herein. In addition, the Analyst certifies that no part of their compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in this report.