0910 GMT - Grab's financial operation is likely to see limited impact from short-term increases in fuel prices driven by the Middle East conflict, Citi Research's Alicia Yap says in a note. Grab's existing driver fee protection in Singapore and fuel-discount partnerships with providers in Singapore, Malaysia and Indonesia will absorb the fluctuating prices, the analyst says. Grab will also likely refrain from raising fares and may adjust its driver incentive support to attract and retain drivers, Yap adds. "Unless the situation in the Middle East significantly worsens or prolongs, we believe margin impact to Grab's mobility business is likely to be manageable and should already be reflected in the company's existing guidance," Yap adds. Yap reiterates a buy rating with a target price of $7.20. Shares closed at $3.96 overnight. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
March 10, 2026 05:10 ET (09:10 GMT)
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