Grab Holdings Limited Class A Ordinary Shares
GRABGrab 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
WeRide and Grab received approval from Singapore's Land Transport Authority to conduct autonomous vehicle testing in the Punggol district, with plans to increase test runs and launch a public autonomous ride service by early 2026.
Grab Holdings invested $60 million in German start-up Vay, a remote-controlled car rental company, with potential for an additional $350 million investment. This strategic move aligns with Grab's mobility and autonomous vehicle ambitions, leading to a 7% stock price increase.
Grab Holdings, a leading consumer app in Southeast Asia, experienced a stock price drop but remains a promising investment due to strong growth potential across delivery, mobility, and financial services segments, with expanding market opportunities in the region.
WeRide, a global autonomous driving technology company, successfully listed on the Hong Kong Stock Exchange, becoming the world's first publicly traded Robotaxi company with dual listings in Hong Kong and the US. The company raised approximately HKD 2.39 billion and operates autonomous vehicle fleets across 11 countries.
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?
