Grab Holdings Set for 3Q Earnings Growth -- Market Talk

Dow Jones10-23

0557 GMT - Grab Holdings is expected to deliver 3Q earnings growth, CGS International analysts say in a research report. The Singapore-based technology company likely achieved robust on-demand gross merchandise value of $4.57 billion in 3Q, driven by sequential growth across its mobility and delivery segments, the analysts say. Also, Grab's investments in affordable offerings likely continued to generate positive results, they say. The brokerage estimates that Grab's 3Q adjusted Ebitda more than doubled on year to $72 million. It raises the target price on Grab's U.S.-listed shares to $4.80 from $4.00, with an unchanged add rating. The stock last closed 3.2% higher at $4.16. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

October 23, 2024 01:57 ET (05:57 GMT)

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The Singapore-based technology company likely achieved robust on-demand gross ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">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":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2477324957","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477324957","pubTimestamp":1729663020,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0557 GMT - Grab Holdings is expected to deliver 3Q earnings growth, CGS International analysts say in a research report. 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