Grab Likely to Sustain Strong Momentum in 2025 -- Market Talk

Dow Jones11-13 11:39

0339 GMT - Grab will likely continue experiencing strong momentum in 2025, Hussaini Saifee, analyst at Maybank Research writes in a note. The company's 4Q is off to a strong start, with tourist arrivals in Southeast Asia helping the premium segment with on-demand services, Saifee says. The rollout of lending products through the company's digibank arms in Malaysia and Indonesia should lead to faster revenue growth through 2025. Costs from the fintech arm should also decline next year since marketing and sales spending was largely completed in 3Q, Saifee adds. Acquisitions will likely remain small as Grab has walked away from larger ones like Foodpanda, Saifee notes, helping its net cash position. Maybank upgrades its rating on the stock to buy from hold, with a higher target price of $5.40 from $4.00 previously. Shares closed at $4.89. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

November 12, 2024 22:39 ET (03:39 GMT)

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Costs from the fintech arm should also decline next year since marketing and sales spending was largely completed in 3Q, Saifee adds. Acquisitions will likely remain small as Grab has walked away from larger ones like Foodpanda, Saifee notes, helping its net cash position. Maybank upgrades its rating on the stock to buy from hold, with a higher target price of $5.40 from $4.00 previously. Shares closed at $4.89. 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The company's 4Q is off to a strong start, with tourist ...</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":"BK4022","symbol_name":"陆运","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483450014","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483450014","pubTimestamp":1731469140,"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":"0339 GMT - Grab will likely continue experiencing strong momentum in 2025, Hussaini Saifee, analyst at Maybank Research writes in a note. The company's 4Q is off to a strong start, with tourist arrivals in Southeast Asia helping the premium segment with on-demand services, Saifee says. The rollout of lending products through the company's digibank arms in Malaysia and Indonesia should lead to faster revenue growth through 2025. Costs from the fintech arm should also decline next year since marketing and sales spending was largely completed in 3Q, Saifee adds. Acquisitions will likely remain small as Grab has walked away from larger ones like Foodpanda, Saifee notes, helping its net cash position. Maybank upgrades its rating on the stock to buy from hold, with a higher target price of $5.40 from $4.00 previously. Shares closed at $4.89. 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