Flash Report /

Grab: Buy into the allure of Asia's super app

  • Grab's CFO Peter Oey recently confirmed that the merger with Altimeter will be completed by the end of the year

  • We reiterate Buy on AGC US with a TP of US$16.50; investors need to focus on Grab's super app prospects

  • Comparative valuation suggests Grab is undervalued; it compares favourably to LatAm's Mercardo Libre and China's Tencent

Nirgunan Tiruchelvam
Nirgunan Tiruchelvam

Head of Consumers Equity Research

Tellimer Research
26 August 2021
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