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$Grab Holdings(GRAB)$ ,I bought Grab as I believe that it is significantly undervalued with lots of exponential growth ahead. Wall Street Analysts are bullish on Grab with a Buy rating, Target price of USD 4.78, an upside potential of 30%. Grab enables millions of people in South East Asia to access its driver and merchant partners to order food or groceries or hail a ride. Grab is a market leader in this fast growing region. Grab is due to report its Q3 24 Earnings on November 14 24. I expect that its share price will jump on strong growth and better earnings.
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China's e-commerce giant Alibaba (9988) will be added to five more stock indexes in Hong Kong by the end of the month.
Hang Seng Indexes Company said the blue chip will be a new constitute of the Hang Seng Stock Connect Hong Kong Index, Hang Seng China (Hong Kong-listed) 25 Index, Hang Seng SCHK Artificial Intelligence Theme Index, Hang Seng SCHK China Technology Index and the Hang Seng SCHK New Economy Index after the market closes on October 25.
The additions take effect on October 28, and come after Alibaba joined the Stock Connect on September 10.