Earnings Report /
Singapore

Grab Holdings: Revenue surge is an opportunity to Grab the stock

  • Grab reported US$228mn revenue in Q1, which was in excess of market expectations and our forecast

  • We raise our FY 22-23 revenue expectations as the ride-hailing business takes off

  • Grab has been unjustly punished in the Tech collapse. We reiterate our Buy recommendation and our US$6.10 target price

Grab Holdings: Revenue surge is an opportunity to Grab the stock
Nirgunan Tiruchelvam
Nirgunan Tiruchelvam

Head of Consumers Equity Research

Tellimer Research
19 May 2022
Published byTellimer Research

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