Grab Shares Surged 13% in Morning Trading

Tiger Newspress2022-06-21

Grab shares surged 13% in morning trading after Grab Holdings initiated with a Buy at Deutsche Bank.

Deutsche Bank analyst ReenaVerma Bhasin initiated coverage of Grab Holdings with a Buy rating and $3.20 price target. Grab is Southeast Asia's leading "superapp" platform, with a dominant position in mobility and deliveries, and a developing business in digital financial services, Bhasin tells investors in a research note. The stock offers "attractive upside potential" after dropping 65% year-to-date, says the analyst. Bhasin expects strong growth in mobility and says the deliveries business is also targeted to break even over next 12 months.

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Comments

  • Daniel12321
    2022-06-22
    Daniel12321
    Good
  • qunz
    2022-06-22
    qunz
    TP more than 35. 3.5 probably next month already hit with market recovery
  • ee244c
    2022-06-22
    ee244c
    Yes
  • SPOT_ON
    2022-06-22
    SPOT_ON
    Dead cat bounce
  • Eded
    2022-06-22
    Eded
    I rather go for shopee 
  • mey73129
    2022-06-22
    mey73129
    Ok
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