Flash Report /
Global

Ovo deal places Grab on a pedestal in ASEAN super-app battle

  • Grab has boosted its ownership of Indonesian mobile wallet player Ovo to 90% by buying out rival Tokopedia

  • We value Grab’s financial services segment at US$17.3bn

  • We reiterate our Buy on Altimeter Growth Corp, the SPAC that Grab is merging with. Our target price is US$16.5

Ovo deal places Grab on a pedestal in ASEAN super-app battle
Nirgunan Tiruchelvam
Nirgunan Tiruchelvam

Head of Consumers Equity Research

Tellimer Research
5 October 2021
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