Grab Stock Slides 7.8% After Singapore Regulator Increases Focus on Ride-Hailing Services

Tiger Newspress2023-09-13

Grab Holdings Limited fell 7.8% in early trading on Wednesday following an announcement that Singapore's Land Transport Authority will investigate the supply of taxi and ride-hailing services as part of a review of the point-to-point industry structure and regulatory framework.

The Land Transport Agency said it wants to improve the stability of point-to-point supply over the course of the day, such as during late-night hours where there are some shortages in the supply of rides. "As point-to-point services become more important in the daily lives of Singaporeans, operators must be able to provide these services with minimal disruptions and downtime," noted the regulator.

With its second quarter earnings report, Grab Holdings (GRAB) reported revenue rose 77% to $567M. The company's net loss narrowed to $135M from $547M a year ago.

Shares of Grab Holdings (GRAB) were down 7.8% at 10:40 a.m. to erase gains built up over the last three weeks. The ride-haling and food delivery stock is still slightly up for the year. Short interest on GRAB is at 5.12% of the total float.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

AlexTeddySG
2023-09-13
AlexTeddySG
Grab has been ripping off common Singaporean off late.
BQCS
2023-09-13
BQCS
Crap company. No cause of concern required for Grab
edmundpek
2023-09-13
edmundpek
sounds like a scam

Leave a comment

3

8

3

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1122362581?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-09-13 22:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1122362581","market":"us","top_or_hot":-1,"title":"Grab Stock Slides 7.8% After Singapore Regulator Increases Focus on Ride-Hailing Services","media":"Tiger Newspress","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/GRAB\">Grab Holdings Limited</a> fell 7.8% in early trading on Wednesday following an announcement that Singapore&#39;s Land Transport Authority will investigate the supply of taxi and ride-hailing services as part of a review of the point-to-point industry structure and regulatory framework.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1ebb9a61ed273690348d99234c5270ce\" title=\"\" tg-width=\"823\" tg-height=\"625\"/></p><p>The Land Transport Agency said it wants to improve the stability of point-to-point supply over the course of the day, such as during late-night hours where there are some shortages in the supply of rides. &#34;As point-to-point services become more important in the daily lives of Singaporeans, operators must be able to provide these services with minimal disruptions and downtime,&#34; noted the regulator.</p><p style=\"text-align: left;\">With its second quarter earnings report, Grab Holdings (GRAB) reported revenue rose 77% to $567M. The company&#39;s net loss narrowed to $135M from $547M a year ago.</p><p style=\"text-align: left;\">Shares of Grab Holdings (GRAB) were down 7.8% at 10:40 a.m. to erase gains built up over the last three weeks. The ride-haling and food delivery stock is still slightly up for the year. Short interest on GRAB is at 5.12% of the total float.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab Stock Slides 7.8% After Singapore Regulator Increases Focus on Ride-Hailing Services</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab Stock Slides 7.8% After Singapore Regulator Increases Focus on Ride-Hailing Services\n</h2>\n\n<h4 class=\"meta\">\n\n2023-09-13 22:38 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Grab Holdings Limited fell 7.8% in early trading on Wednesday following an announcement that Singapore's Land Transport Authority will investigate the supply of taxi and ride-hailing services as part ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GRAB","symbol_name":"Grab Holdings","start_time":0,"source_url":"","article_id":"1122362581","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1122362581","pubTimestamp":1694615880,"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Grab stock slides 7.8% in morning trading.Singapore-based ride-hailing company Ryde is seeking to list on the New York Stock Exchange (NYSE).In a preliminary prospectus lodged on Aug 31, the home-grow","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GRAB":"Grab Holdings"},"translate_title":"新加坡监管机构加大对打车服务的关注后，Grab股价下跌7.8%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GRAB":1.1},"content_text":"Grab Holdings Limited fell 7.8% in early trading on Wednesday following an announcement that Singapore's Land Transport Authority will investigate the supply of taxi and ride-hailing services as part of a review of the point-to-point industry structure and regulatory framework.The Land Transport Agency said it wants to improve the stability of point-to-point supply over the course of the day, such as during late-night hours where there are some shortages in the supply of rides. \"As point-to-point services become more important in the daily lives of Singaporeans, operators must be able to provide these services with minimal disruptions and downtime,\" noted the regulator.With its second quarter earnings report, Grab Holdings (GRAB) reported revenue rose 77% to $567M. The company's net loss narrowed to $135M from $547M a year ago.Shares of Grab Holdings (GRAB) were down 7.8% at 10:40 a.m. to erase gains built up over the last three weeks. The ride-haling and food delivery stock is still slightly up for the year. Short interest on GRAB is at 5.12% of the total float.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":219548561125472,"gmtCreate":1694619962127,"gmtModify":1694619966579,"author":{"id":"3571116462495160","authorId":"3571116462495160","name":"AlexTeddySG","avatar":"https://community-static.tradeup.com/news/fe3bd70688adbe645a97bfe4c0ae9c96","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":7,"crmLevelSwitch":1,"idStr":"3571116462495160","authorIdStr":"3571116462495160"},"htmlText":"Grab has been ripping off common Singaporean off late.","listText":"Grab has been ripping off common Singaporean off late.","text":"Grab has been ripping off common Singaporean off late.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/219548561125472","repostId":1122362581,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":219543008153608,"gmtCreate":1694618785285,"gmtModify":1694621110312,"author":{"id":"3574203876933605","authorId":"3574203876933605","name":"BQCS","avatar":"https://static.tigerbbs.com/26ac9fd05bbe722fed14384109a4c88b","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3574203876933605","authorIdStr":"3574203876933605"},"htmlText":"Crap company. No cause of concern required for Grab","listText":"Crap company. No cause of concern required for Grab","text":"Crap company. No cause of concern required for Grab","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/219543008153608","repostId":1122362581,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":219520461647880,"gmtCreate":1694613280767,"gmtModify":1694615967937,"author":{"id":"4130711740004092","authorId":"4130711740004092","name":"edmundpek","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4130711740004092","authorIdStr":"4130711740004092"},"htmlText":"sounds like a scam","listText":"sounds like a scam","text":"sounds like a scam","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/219520461647880","repostId":1122362581,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":8,"commentSize":3,"repostSize":3,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1122362581"}