Grab Holdings Limited Stock Price, News & Analysis

Grab Holdings Limited (NASDAQ: GRAB) has announced the establishment of a digital bank in Malaysia, aiming to provide financial services to underserved populations. The bank will be a joint venture with Singtel and will target the underserved and unbanked, particularly benefiting micro-SMEs and gig workers. Pei Si Lai, a financial industry veteran, has been appointed as CEO designate. The consortium will hold a 55.45% stake in the new bank. The initiative aligns with Malaysia's financial inclusion efforts and is expected to create over 200 jobs by launch.

Grab Holdings Limited (NASDAQ: GRAB) filed its annual report on Form 20-F for the fiscal year ended December 31, 2021, with the SEC on April 28, 2022. Grab, Southeast Asia’s leading superapp, operates in 480 cities across eight countries, providing services in deliveries, mobility, and digital financial sectors. The annual report, containing audited financial statements, is available on the SEC website and Grab’s investor relations page. Shareholders can request a hard copy of the report free of charge.

Grab Holdings Limited (NASDAQ: GRAB) will announce its first quarter results on May 19, 2022, before the U.S. market opens. A conference call to discuss these results is scheduled for 8:00 AM U.S. Eastern Time on the same day. Grab, a leading Southeast Asian superapp, operates across food deliveries, mobility, and digital financial services in 480 cities across eight countries. The company's mission is to drive economic empowerment in Southeast Asia while delivering financial performance for shareholders.

In a recent fireside chat, Grab's CFO Peter Oey highlighted the company’s significant growth and recovery across various sectors despite challenges from the pandemic. Serving 480 cities in Southeast Asia, Grab reported $8.5 billion in GMV, a 56% year-on-year increase. The mobility segment showed a strong bounce back, with a 45% growth in Q4 after a severe lockdown. Over 60% of Grab users now utilize its E-Wallet services. The company continues to improve unit economics, aiming for profitability in delivery services by end of 2023, while maintaining a strong market share across segments.

Grab Holdings Limited (NASDAQ:GRAB) reported strong financial performance for 2021, with a 29% year-over-year (YoY) increase in Gross Merchandise Value (GMV), reaching $16.1 billion. Q4 GMV also grew by 26% YoY to $4.5 billion. Deliveries maintained robust growth, achieving 56% YoY growth. However, the company faced a $3.6 billion loss for the year, primarily due to non-cash expenses. The average spending per user increased by 31% YoY. Looking ahead, Grab anticipates continued growth, expecting GMV to accelerate 30-35% YoY in 2022.

Grab Holdings Limited (NASDAQ: GRAB) plans to announce its fourth quarter and full year 2021 results on March 3, 2022, before the U.S. market opens. The management will host a conference call at 8:00 AM Eastern Time to discuss these results, with a replay available on the company's investor relations website. As Southeast Asia's leading superapp, Grab operates in 465 cities across eight countries, facilitating various services like food delivery, mobility, and digital financial solutions.

Grab Holdings Limited (NASDAQ: GRAB) will host a fireside chat on January 26, 2022, at 11:00 a.m. ET, led by Mark Mahaney from Evercore ISI. The discussion will feature Ming Maa, President of Grab, focusing on the company's superapp strategy in Southeast Asia's market. Grab positions itself as a leader in food deliveries, mobility, and digital financial services, operating in over 465 cities across eight countries. A live and recorded webcast will be accessible on Grab’s Investor Relations page.

Grab has completed its business combination with Altimeter Growth Corp., raising US$4.5 billion, marking the largest U.S. public listing by a Southeast Asian company. This transaction includes a US$4.0 billion PIPE, the largest ever raised. The funds will support Grab's superapp ecosystem expansion and drive economic empowerment across Southeast Asia. Grab's stock will begin trading on Nasdaq under the ticker 'GRAB' on December 2, 2021. Grab operates in 465 cities across 8 countries, highlighting its significant market footprint.