Grab Holdings Limited Class A Ordinary Shares (GRAB)
Grab Holdings Limited is a Singapore-based technology company that offers a range of services including ride-hailing, food delivery, digital payments, and financial services across Southeast Asia. Founded in 2012, Grab has expanded to become a leading super app in the region, integrating transportation, delivery, and financial solutions to enhance everyday life for millions of users.
Company News
Hesai Group, a global leader in lidar solutions, announced a global offering of 17 million Class B ordinary shares, with a dual primary listing on the Hong Kong Stock Exchange and continued listing on Nasdaq. The offering includes cornerstone investments of approximately $148 million from several investors.
Hesai Group plans to launch a global offering of 17 million Class B ordinary shares, with a dual primary listing on the Hong Kong Stock Exchange and continued listing on Nasdaq, targeting to raise funds for R&D, manufacturing, and business expansion.
Grab reported its 14th consecutive quarter of improving adjusted earnings, achieving its first profitable quarter with 23% revenue growth and expanding to 46 million monthly transacting users across Southeast Asia.
Lyft is expanding into Europe by acquiring the FreeNow mobility platform, which could double its annual ride volume. This move allows Lyft to gain immediate access to a functioning network and loyal user base in Europe, where Uber has a smaller market share compared to the US.
The average brokerage recommendation (ABR) for Grab (GRAB) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?