Grab Shares Declined More Than 5% in Premarket Trading

Tiger Newspress2022-06-22

Grab Shares declined more than 5% in premarket trading Wednesday after surging 17% yesterday.

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

  • MarkN
    2022-06-23
    MarkN
    Ouch
  • 企鹅夫人
    2022-06-23
    企鹅夫人
    Nice
  • Sim1
    2022-06-22
    Sim1
    Like
  • Sim1
    2022-06-22
    Sim1
    Like
  • Young Young
    2022-06-22
    Young Young
    🤌
  • MicChang
    2022-06-22
    MicChang
    We are in a volatile market so just need to be clear of your mind of what you have invested. Grab should give you better returns in medium to long term.
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