Grab trims full-year forecasts, says $40 billion SPAC merger on track

StreetInsider2021-09-14

SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ride hailing-to-food delivery group, lowered its full-year forecasts on Tuesday, citing renewed uncertainty over pandemic-related movement ...

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Comments

Linda1127
2021-09-14
Linda1127
Good
- 滚股怪:
  Good
koolgal
2021-09-14
koolgal
Look forward to Grab mega listing in later this year! Grab - Made In Singapore! ?????
- koolgal:
  Isn't it great to have 2 mega companies Made In Singapore? ???
- koolgal:
  Sure let's grab more! ??
- koolgal:
  ??
- koolgal:
  Good choice! Let's Grab it when it is listed! ??
- WinnerSG:
  Another company I am following closely
Slee49
2021-09-14
Slee49
Good news
- Slee49:
  Like
brijeshnair
2021-09-14
brijeshnair
Overvalued
2020TS
2021-09-14
2020TS
Tough uncertain markets in pandemic time
- JohnL:
  Indeed
Wallstrtbets
2021-09-14
Wallstrtbets
Thank you.

Leave a comment

123

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...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18934110\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18934110","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2167336985","content_text":"SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ride hailing-to-food delivery group, lowered its full-year forecasts on Tuesday, citing renewed uncertainty over pandemic-related movement restrictions despite encouraging vaccination rates in the region.\nSingapore-based Grab also said in a statement that it was making progress on its record merger deal https://www.reuters.com/business/grab-announce-merger-with-us-spac-be-valued-nearly-40-bln-sources-2021-04-13 agreed with U.S. special-purpose acquisition company (SPAC) Altimeter Growth Corp earlier this year.\nAnd it reiterated that the deal, worth nearly $40 billion, is expected to be completed in the fourth quarter.\nGrab, which has operations across eight countries and more than 400 cities in a region of 650 million people, said it expects to report group-level adjusted net sales of $2.1 to $2.2 billion, versus an expected $2.3 billion announced in April.\nIt also forecast a group-level adjusted EBITDA loss of $0.7 billion to $0.9 billion for this year compared with a previously projected EBTIDA loss of $0.6 billion.\n\"Grab's full year 2021 outlook anticipates an extension of partial and complete lockdowns throughout several countries where Grab operates as a result of the continuing spread of COVID-19,\" the company said.\nGrab's second-quarter adjusted net sales jumped 92% to $550 million while its adjusted EBITDA loss rose 4% to $214 million.\n\"Our deliveries business continues to outperform and is growing rapidly, with the addition of new offerings such as GrabMart and GrabSupermarket, and 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forward to Grab mega listing in later this year!&nbsp; Grab - Made In Singapore! ?????","listText":"Look forward to Grab mega listing in later this year!&nbsp; Grab - Made In Singapore! ?????","text":"Look forward to Grab mega listing in later this year! Grab - Made In Singapore! ?????","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":19,"commentSize":16,"repostSize":0,"link":"https://ttm.financial/post/886434036","repostId":2167336985,"repostType":2,"repost":{"id":"2167336985","pubTimestamp":1631576460,"share":"https://ttm.financial/m/news/2167336985?lang=&edition=fundamental","pubTime":"2021-09-14 07:41","market":"us","language":"en","title":"Grab trims full-year forecasts, says $40 billion SPAC merger on track","url":"https://stock-news.laohu8.com/highlight/detail?id=2167336985","media":"StreetInsider","summary":"SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ride hailing-to-food delivery group, lowered it","content":"<p>SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ride hailing-to-food delivery group, lowered its full-year forecasts on Tuesday, citing renewed uncertainty over pandemic-related movement restrictions despite encouraging vaccination rates in the region.</p>\n<p>Singapore-based Grab 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countries where Grab operates as a result of the continuing spread of COVID-19,\" the company said.</p>\n<p>Grab's second-quarter adjusted net sales jumped 92% to $550 million while its adjusted EBITDA loss rose 4% to $214 million.</p>\n<p>\"Our deliveries business continues to outperform and is growing rapidly, with the addition of new offerings such as GrabMart and GrabSupermarket, and we expect to continue investing heavily in this segment,\" Peter Oey, Grab's Chief Financial Officer, said.</p>","source":"highlight_streetinsider","collect":0,"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 trims full-year forecasts, says $40 billion SPAC merger on track</title>\n<style 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...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18934110\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18934110","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2167336985","content_text":"SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ride hailing-to-food delivery group, lowered its full-year forecasts on Tuesday, citing renewed uncertainty over pandemic-related movement restrictions despite encouraging vaccination rates in the region.\nSingapore-based Grab also said in a statement that it was making progress on its record merger deal https://www.reuters.com/business/grab-announce-merger-with-us-spac-be-valued-nearly-40-bln-sources-2021-04-13 agreed with U.S. special-purpose acquisition company (SPAC) Altimeter Growth Corp earlier this year.\nAnd it reiterated that the deal, worth nearly $40 billion, is expected to be completed in the fourth quarter.\nGrab, which has operations across eight countries and more than 400 cities in a region of 650 million people, said it expects to report group-level adjusted net sales of $2.1 to $2.2 billion, versus an expected $2.3 billion announced in April.\nIt also forecast a group-level adjusted EBITDA loss of $0.7 billion to $0.9 billion for this year compared with a previously projected EBTIDA loss of $0.6 billion.\n\"Grab's full year 2021 outlook anticipates an extension of partial and complete lockdowns throughout several countries where Grab operates as a result of the continuing spread of COVID-19,\" the company said.\nGrab's second-quarter adjusted net sales jumped 92% to $550 million while its adjusted EBITDA loss rose 4% to $214 million.\n\"Our deliveries business continues to outperform and is growing rapidly, with the addition of new offerings such as GrabMart and GrabSupermarket, and we expect to continue investing heavily in this segment,\" Peter Oey, Grab's Chief Financial Officer, said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5870807,"gmtCreate":1631664058946,"gmtModify":1663233889351,"authorId":3559581955535845,"author":{"id":3559581955535845,"idStr":"3559581955535845","authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"currentWearingBadge":{"badgeId":"c4ee29b388ff41cc8462b3b7ea00d1e2-1","templateUuid":"c4ee29b388ff41cc8462b3b7ea00d1e2","name":"Monthly Top Contributor","description":"Top 3 Contributors with the most and best Editor's Picks every 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???"},{"id":5870220,"gmtCreate":1631661741883,"gmtModify":1663233889227,"authorId":3559581955535845,"author":{"id":3559581955535845,"idStr":"3559581955535845","authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"currentWearingBadge":{"badgeId":"c4ee29b388ff41cc8462b3b7ea00d1e2-1","templateUuid":"c4ee29b388ff41cc8462b3b7ea00d1e2","name":"Monthly Top Contributor","description":"Top 3 Contributors with the most and best Editor's Picks every 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days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.05","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":886434036,"type":1,"supId":5866929,"prevId":0,"content":"Sure let's grab more! ??","text":"Sure let's grab more! ??","html":"Sure let's grab more! ??"},{"id":5870115,"gmtCreate":1631661449923,"gmtModify":1663233888129,"authorId":3559581955535845,"author":{"id":3559581955535845,"idStr":"3559581955535845","authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"currentWearingBadge":{"badgeId":"c4ee29b388ff41cc8462b3b7ea00d1e2-1","templateUuid":"c4ee29b388ff41cc8462b3b7ea00d1e2","name":"Monthly Top Contributor","description":"Top 3 Contributors with the most and best Editor's Picks every 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??"},{"id":5869360,"gmtCreate":1631657455017,"gmtModify":1663233884734,"authorId":3585538024677143,"author":{"id":3585538024677143,"idStr":"3585538024677143","authorId":3585538024677143,"name":"WinnerSG","avatar":"https://static.tigerbbs.com/f748cf37b7a34ee47884ee19e105d382","vip":1,"crmLevel":8,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":886434036,"type":1,"supId":0,"prevId":0,"content":"Another company I am following closely","text":"Another company I am following closely","html":"Another company I am following closely"}],"langContent":"EN"},{"id":886250689,"gmtCreate":1631597988241,"gmtModify":1676530586011,"author":{"id":"3581993357014262","authorId":"3581993357014262","name":"Slee49","avatar":"https://static.tigerbbs.com/a4a9c556617a3ec3446f5c1c667b4aa0","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"3581993357014262","idStr":"3581993357014262"},"htmlText":"Good news","listText":"Good news","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/886250689","repostId":2167336985,"repostType":4,"repost":{"id":"2167336985","pubTimestamp":1631576460,"share":"https://ttm.financial/m/news/2167336985?lang=&edition=fundamental","pubTime":"2021-09-14 07:41","market":"us","language":"en","title":"Grab trims full-year forecasts, says $40 billion SPAC merger on track","url":"https://stock-news.laohu8.com/highlight/detail?id=2167336985","media":"StreetInsider","summary":"SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ride hailing-to-food delivery group, lowered it","content":"<p>SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ride hailing-to-food delivery group, lowered its full-year forecasts on Tuesday, citing renewed uncertainty over pandemic-related movement restrictions despite encouraging vaccination rates in the region.</p>\n<p>Singapore-based Grab also said in a statement that it was making progress on its record merger deal https://www.reuters.com/business/grab-announce-merger-with-us-spac-be-valued-nearly-40-bln-sources-2021-04-13 agreed with U.S. special-purpose acquisition company (SPAC) <a href=\"https://laohu8.com/S/AGCWW\">Altimeter Growth Corp</a> earlier this year.</p>\n<p>And it reiterated that the deal, worth nearly $40 billion, is expected to be completed in the fourth quarter.</p>\n<p>Grab, which has operations across eight countries and more than 400 cities in a region of 650 million people, said it expects to report group-level adjusted net sales of $2.1 to $2.2 billion, versus an expected $2.3 billion announced in April.</p>\n<p>It also forecast a group-level adjusted EBITDA loss of $0.7 billion to $0.9 billion for this year compared with a previously projected EBTIDA loss of $0.6 billion.</p>\n<p>\"Grab's full year 2021 outlook anticipates an extension of partial and complete lockdowns throughout several countries where Grab operates as a result of the continuing spread of COVID-19,\" the company said.</p>\n<p>Grab's second-quarter adjusted net sales jumped 92% to $550 million while its adjusted EBITDA loss rose 4% to $214 million.</p>\n<p>\"Our deliveries business continues to outperform and is growing rapidly, with the addition of new offerings such as GrabMart and GrabSupermarket, and we expect to continue investing heavily in this segment,\" Peter Oey, Grab's Chief Financial Officer, said.</p>","source":"highlight_streetinsider","collect":0,"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 trims full-year forecasts, says $40 billion SPAC merger on track</title>\n<style 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}\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 trims full-year forecasts, says $40 billion SPAC merger on track\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-14 07:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18934110><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ride hailing-to-food delivery group, lowered its full-year forecasts on Tuesday, citing renewed uncertainty over pandemic-related movement ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18934110\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18934110","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2167336985","content_text":"SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ride hailing-to-food delivery group, lowered its full-year forecasts on Tuesday, citing renewed uncertainty over pandemic-related movement restrictions despite encouraging vaccination rates in the region.\nSingapore-based Grab also said in a statement that it was making progress on its record merger deal https://www.reuters.com/business/grab-announce-merger-with-us-spac-be-valued-nearly-40-bln-sources-2021-04-13 agreed with U.S. special-purpose acquisition company (SPAC) Altimeter Growth Corp earlier this year.\nAnd it reiterated that the deal, worth nearly $40 billion, is expected to be completed in the fourth quarter.\nGrab, which has operations across eight countries and more than 400 cities in a region of 650 million people, said it expects to report group-level adjusted net sales of $2.1 to $2.2 billion, versus an expected $2.3 billion announced in April.\nIt also forecast a group-level adjusted EBITDA loss of $0.7 billion to $0.9 billion for this year compared with a previously projected EBTIDA loss of $0.6 billion.\n\"Grab's full year 2021 outlook anticipates an extension of partial and complete lockdowns throughout several countries where Grab operates as a result of the continuing spread of COVID-19,\" the company said.\nGrab's second-quarter adjusted net sales jumped 92% to $550 million while its adjusted EBITDA loss rose 4% to $214 million.\n\"Our deliveries business continues to outperform and is growing rapidly, with the addition of new offerings such as GrabMart and GrabSupermarket, and we expect to continue investing heavily in this segment,\" Peter Oey, Grab's Chief Financial Officer, said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5863039,"gmtCreate":1631597999309,"gmtModify":1663233856153,"authorId":3581993357014262,"author":{"id":3581993357014262,"idStr":"3581993357014262","authorId":3581993357014262,"name":"Slee49","avatar":"https://static.tigerbbs.com/a4a9c556617a3ec3446f5c1c667b4aa0","vip":1,"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":886250689,"type":1,"supId":0,"prevId":0,"content":"<u>Like</u>","text":"<u>Like</u>","html":"<u>Like</u>"}],"langContent":"EN"},{"id":886637946,"gmtCreate":1631584673785,"gmtModify":1676530582318,"author":{"id":"4092798624667290","authorId":"4092798624667290","name":"brijeshnair","avatar":"https://static.tigerbbs.com/7fd087acb258af07a4837fa64d38c77a","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"4092798624667290","idStr":"4092798624667290"},"htmlText":"Overvalued&nbsp;","listText":"Overvalued&nbsp;","text":"Overvalued","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886637946","repostId":2167336985,"repostType":4,"repost":{"id":"2167336985","pubTimestamp":1631576460,"share":"https://ttm.financial/m/news/2167336985?lang=&edition=fundamental","pubTime":"2021-09-14 07:41","market":"us","language":"en","title":"Grab trims full-year forecasts, says $40 billion SPAC merger on track","url":"https://stock-news.laohu8.com/highlight/detail?id=2167336985","media":"StreetInsider","summary":"SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ride hailing-to-food delivery group, lowered it","content":"<p>SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ride hailing-to-food delivery group, lowered its full-year forecasts on Tuesday, citing renewed uncertainty over pandemic-related movement restrictions despite encouraging vaccination rates in the region.</p>\n<p>Singapore-based Grab also said in a statement that it was making progress on its record merger deal https://www.reuters.com/business/grab-announce-merger-with-us-spac-be-valued-nearly-40-bln-sources-2021-04-13 agreed with U.S. special-purpose acquisition company (SPAC) <a href=\"https://laohu8.com/S/AGCWW\">Altimeter Growth Corp</a> earlier this year.</p>\n<p>And it reiterated that the deal, worth nearly $40 billion, is expected to be completed in the fourth quarter.</p>\n<p>Grab, which has operations across eight countries and more than 400 cities in a region of 650 million people, said it expects to report group-level adjusted net sales of $2.1 to $2.2 billion, versus an expected $2.3 billion announced in April.</p>\n<p>It also forecast a group-level adjusted EBITDA loss of $0.7 billion to $0.9 billion for this year compared with a previously projected EBTIDA loss of $0.6 billion.</p>\n<p>\"Grab's full year 2021 outlook anticipates an extension of partial and complete lockdowns throughout several countries where Grab operates as a result of the continuing spread of COVID-19,\" the company said.</p>\n<p>Grab's second-quarter adjusted net sales jumped 92% to $550 million while its adjusted EBITDA loss rose 4% to $214 million.</p>\n<p>\"Our deliveries business continues to outperform and is growing rapidly, with the addition of new offerings such as GrabMart and GrabSupermarket, and we expect to continue investing heavily in this segment,\" Peter Oey, Grab's Chief Financial Officer, said.</p>","source":"highlight_streetinsider","collect":0,"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 trims full-year forecasts, says $40 billion SPAC merger on track</title>\n<style 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}\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 trims full-year forecasts, says $40 billion SPAC merger on track\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-14 07:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18934110><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ride hailing-to-food delivery group, lowered its full-year forecasts on Tuesday, citing renewed uncertainty over pandemic-related movement ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18934110\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18934110","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2167336985","content_text":"SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ride hailing-to-food delivery group, lowered its full-year forecasts on Tuesday, citing renewed uncertainty over pandemic-related movement restrictions despite encouraging vaccination rates in the region.\nSingapore-based Grab also said in a statement that it was making progress on its record merger deal https://www.reuters.com/business/grab-announce-merger-with-us-spac-be-valued-nearly-40-bln-sources-2021-04-13 agreed with U.S. special-purpose acquisition company (SPAC) Altimeter Growth Corp earlier this year.\nAnd it reiterated that the deal, worth nearly $40 billion, is expected to be completed in the fourth quarter.\nGrab, which has operations across eight countries and more than 400 cities in a region of 650 million people, said it expects to report group-level adjusted net sales of $2.1 to $2.2 billion, versus an expected $2.3 billion announced in April.\nIt also forecast a group-level adjusted EBITDA loss of $0.7 billion to $0.9 billion for this year compared with a previously projected EBTIDA loss of $0.6 billion.\n\"Grab's full year 2021 outlook anticipates an extension of partial and complete lockdowns throughout several countries where Grab operates as a result of the continuing spread of COVID-19,\" the company said.\nGrab's second-quarter adjusted net sales jumped 92% to $550 million while its adjusted EBITDA loss rose 4% to $214 million.\n\"Our deliveries business continues to outperform and is growing rapidly, with the addition of new offerings such as GrabMart and GrabSupermarket, and we expect to continue investing heavily in this segment,\" Peter Oey, Grab's Chief Financial Officer, said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":886841255,"gmtCreate":1631582221877,"gmtModify":1676530581023,"author":{"id":"3568580098685907","authorId":"3568580098685907","name":"2020TS","avatar":"https://community-static.tradeup.com/news/11248151fdcb83034da72e0a80b4d0ae","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3568580098685907","idStr":"3568580098685907"},"htmlText":"Tough uncertain markets in pandemic time","listText":"Tough uncertain markets in pandemic time","text":"Tough uncertain markets in pandemic time","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/886841255","repostId":2167336985,"repostType":4,"repost":{"id":"2167336985","pubTimestamp":1631576460,"share":"https://ttm.financial/m/news/2167336985?lang=&edition=fundamental","pubTime":"2021-09-14 07:41","market":"us","language":"en","title":"Grab trims full-year forecasts, says $40 billion SPAC merger on track","url":"https://stock-news.laohu8.com/highlight/detail?id=2167336985","media":"StreetInsider","summary":"SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ride hailing-to-food delivery group, lowered it","content":"<p>SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ride hailing-to-food delivery group, lowered its full-year forecasts on Tuesday, citing renewed uncertainty over pandemic-related movement restrictions despite encouraging vaccination rates in the region.</p>\n<p>Singapore-based Grab also said in a statement that it was making progress on its record merger deal https://www.reuters.com/business/grab-announce-merger-with-us-spac-be-valued-nearly-40-bln-sources-2021-04-13 agreed with U.S. special-purpose acquisition company (SPAC) <a href=\"https://laohu8.com/S/AGCWW\">Altimeter Growth Corp</a> earlier this year.</p>\n<p>And it reiterated that the deal, worth nearly $40 billion, is expected to be completed in the fourth quarter.</p>\n<p>Grab, which has operations across eight countries and more than 400 cities in a region of 650 million people, said it expects to report group-level adjusted net sales of $2.1 to $2.2 billion, versus an expected $2.3 billion announced in April.</p>\n<p>It also forecast a group-level adjusted EBITDA loss of $0.7 billion to $0.9 billion for this year compared with a previously projected EBTIDA loss of $0.6 billion.</p>\n<p>\"Grab's full year 2021 outlook anticipates an extension of partial and complete lockdowns throughout several countries where Grab operates as a result of the continuing spread of COVID-19,\" the company said.</p>\n<p>Grab's second-quarter adjusted net sales jumped 92% to $550 million while its adjusted EBITDA loss rose 4% to $214 million.</p>\n<p>\"Our deliveries business continues to outperform and is growing rapidly, with the addition of new offerings such as GrabMart and GrabSupermarket, and we expect to continue investing heavily in this segment,\" Peter Oey, Grab's Chief Financial Officer, said.</p>","source":"highlight_streetinsider","collect":0,"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 trims full-year forecasts, says $40 billion SPAC merger on track</title>\n<style 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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 trims full-year forecasts, says $40 billion SPAC merger on track\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-14 07:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18934110><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ride hailing-to-food delivery group, lowered its full-year forecasts on Tuesday, citing renewed uncertainty over pandemic-related movement ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18934110\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18934110","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2167336985","content_text":"SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ride hailing-to-food delivery group, lowered its full-year forecasts on Tuesday, citing renewed uncertainty over pandemic-related movement restrictions despite encouraging vaccination rates in the region.\nSingapore-based Grab also said in a statement that it was making progress on its record merger deal https://www.reuters.com/business/grab-announce-merger-with-us-spac-be-valued-nearly-40-bln-sources-2021-04-13 agreed with U.S. special-purpose acquisition company (SPAC) Altimeter Growth Corp earlier this year.\nAnd it reiterated that the deal, worth nearly $40 billion, is expected to be completed in the fourth quarter.\nGrab, which has operations across eight countries and more than 400 cities in a region of 650 million people, said it expects to report group-level adjusted net sales of $2.1 to $2.2 billion, versus an expected $2.3 billion announced in April.\nIt also forecast a group-level adjusted EBITDA loss of $0.7 billion to $0.9 billion for this year compared with a previously projected EBTIDA loss of $0.6 billion.\n\"Grab's full year 2021 outlook anticipates an extension of partial and complete lockdowns throughout several countries where Grab operates as a result of the continuing spread of COVID-19,\" the company said.\nGrab's second-quarter adjusted net sales jumped 92% to $550 million while its adjusted EBITDA loss rose 4% to $214 million.\n\"Our deliveries business continues to outperform and is growing rapidly, with the addition of new offerings such as GrabMart and GrabSupermarket, and we expect to continue investing heavily in this segment,\" Peter Oey, Grab's Chief Financial Officer, said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5861134,"gmtCreate":1631586449850,"gmtModify":1663233850343,"authorId":3570369418287680,"author":{"id":3570369418287680,"idStr":"3570369418287680","authorId":3570369418287680,"name":"JohnL","avatar":"https://community-static.tradeup.com/news/20db2fa4f65cb04a8d837d400a1b5d7b","vip":1,"currentWearingBadge":{"badgeId":"cbe1c45c584340f3bd9ae6c77e0e9981-1","templateUuid":"cbe1c45c584340f3bd9ae6c77e0e9981","name":"Academy Experiencer","description":"5 lessons learned","bigImgUrl":"https://community-static.tradeup.com/news/fb5ae275631fb96a92d475cdc85d2302","smallImgUrl":"https://community-static.tradeup.com/news/c2660a1935bd2105e97c9915619936c3","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.12.06","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2006},"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":886841255,"type":1,"supId":0,"prevId":0,"content":"<u>Indeed</u>","text":"<u>Indeed</u>","html":"<u>Indeed</u>"}],"langContent":"EN"},{"id":886864049,"gmtCreate":1631580773981,"gmtModify":1676530580223,"author":{"id":"3566244878628904","authorId":"3566244878628904","name":"Wallstrtbets","avatar":"https://static.tigerbbs.com/6c38bbee1121ea92508ad9508fa15c5e","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3566244878628904","idStr":"3566244878628904"},"htmlText":"Thank you.","listText":"Thank you.","text":"Thank you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886864049","repostId":2167336985,"repostType":4,"repost":{"id":"2167336985","pubTimestamp":1631576460,"share":"https://ttm.financial/m/news/2167336985?lang=&edition=fundamental","pubTime":"2021-09-14 07:41","market":"us","language":"en","title":"Grab trims full-year forecasts, says $40 billion SPAC merger on track","url":"https://stock-news.laohu8.com/highlight/detail?id=2167336985","media":"StreetInsider","summary":"SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ride hailing-to-food delivery group, lowered it","content":"<p>SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ride hailing-to-food delivery group, lowered its full-year forecasts on Tuesday, citing renewed uncertainty over pandemic-related movement restrictions despite encouraging vaccination rates in the region.</p>\n<p>Singapore-based Grab also said in a statement that it was making progress on its record merger deal https://www.reuters.com/business/grab-announce-merger-with-us-spac-be-valued-nearly-40-bln-sources-2021-04-13 agreed with U.S. special-purpose acquisition company (SPAC) <a href=\"https://laohu8.com/S/AGCWW\">Altimeter Growth Corp</a> earlier this year.</p>\n<p>And it reiterated that the deal, worth nearly $40 billion, is expected to be completed in the fourth quarter.</p>\n<p>Grab, which has operations across eight countries and more than 400 cities in a region of 650 million people, said it expects to report group-level adjusted net sales of $2.1 to $2.2 billion, versus an expected $2.3 billion announced in April.</p>\n<p>It also forecast a group-level adjusted EBITDA loss of $0.7 billion to $0.9 billion for this year compared with a previously projected EBTIDA loss of $0.6 billion.</p>\n<p>\"Grab's full year 2021 outlook anticipates an extension of partial and complete lockdowns throughout several countries where Grab operates as a result of the continuing spread of COVID-19,\" the company said.</p>\n<p>Grab's second-quarter adjusted net sales jumped 92% to $550 million while its adjusted EBITDA loss rose 4% to $214 million.</p>\n<p>\"Our deliveries business continues to outperform and is growing rapidly, with the addition of new offerings such as GrabMart and GrabSupermarket, and we expect to continue investing heavily in this segment,\" Peter Oey, Grab's Chief Financial Officer, said.</p>","source":"highlight_streetinsider","collect":0,"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 trims full-year forecasts, says $40 billion SPAC merger on track</title>\n<style 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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 trims full-year forecasts, says $40 billion SPAC merger on track\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-14 07:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18934110><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ride hailing-to-food delivery group, lowered its full-year forecasts on Tuesday, citing renewed uncertainty over pandemic-related movement ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18934110\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18934110","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2167336985","content_text":"SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ride hailing-to-food delivery group, lowered its full-year forecasts on Tuesday, citing renewed uncertainty over pandemic-related movement restrictions despite encouraging vaccination rates in the region.\nSingapore-based Grab also said in a statement that it was making progress on its record merger deal https://www.reuters.com/business/grab-announce-merger-with-us-spac-be-valued-nearly-40-bln-sources-2021-04-13 agreed with U.S. special-purpose acquisition company (SPAC) Altimeter Growth Corp earlier this year.\nAnd it reiterated that the deal, worth nearly $40 billion, is expected to be completed in the fourth quarter.\nGrab, which has operations across eight countries and more than 400 cities in a region of 650 million people, said it expects to report group-level adjusted net sales of $2.1 to $2.2 billion, versus an expected $2.3 billion announced in April.\nIt also forecast a group-level adjusted EBITDA loss of $0.7 billion to $0.9 billion for this year compared with a previously projected EBTIDA loss of $0.6 billion.\n\"Grab's full year 2021 outlook anticipates an extension of partial and complete lockdowns throughout several countries where Grab operates as a result of the continuing spread of COVID-19,\" the company said.\nGrab's second-quarter adjusted net sales jumped 92% to $550 million while its adjusted EBITDA loss rose 4% to $214 million.\n\"Our deliveries business continues to outperform and is growing rapidly, with the addition of new offerings such as GrabMart and GrabSupermarket, and we expect to continue investing heavily in this segment,\" Peter Oey, Grab's Chief Financial Officer, said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":123,"commentSize":29,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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