Grabs set to release there Q2 report on the 25th. Recently making announcements about GrabMaps and their move into the digital banking world. I have included 2 excerpts from the media releases on both subjects. At the very bottom I have also included some stat's on who is invested in the company.
SINGAPORE, June 8, 2022 – Grab Holdings Limited (NASDAQ: GRAB) today announced the launch of GrabMaps, a new enterprise service that will allow the company to tap into the US$1 billion market opportunity in Southeast Asia per year for mapping and location-based services. First developed for in-house use, GrabMaps was created to address Grab’s need for a more hyperlocal solution to power its services[1].
Today, GrabMaps provides location-based intelligence and services to all Grab verticals in 7 out of the 8 countries it operates in, and Grab expects to be fully self-sufficient with GrabMaps by Q3 2022.
SINGAPORE--(BUSINESS WIRE)--Apr. 29, 2022-- Grab Holdings Limited (NASDAQ: GRAB) and Singtel announced today that GXS Bank Pte. Ltd., their digital bank joint venture, and a consortium of Malaysian investors including Kuok Brothers Sdn. Bhd (the “Malaysia digital bank consortium”) have been selected to receive a full digital banking licence in Malaysia, subject to meeting all of Bank Negara Malaysia’s regulatory conditions. Subject to regulatory approvals, the digital bank joint venture will hold a 55.45% stake in the proposed Malaysia digital bank, which will be led by Ms Pei Si Lai, a financial services industry veteran with over 25 years of experience. Ms Lai has been appointed its CEO designate and will form a dedicated team that aims to redefine banking for the estimated one in two Malaysians who are underserved or unbanked.
The digital bank to be established by the Malaysia digital bank consortium is expected to enable local micro-SMEs and other financially underserved segments such as gig economy workers to access a suite of financial services that will serve them through their lifecycle. In particular, small and medium-sized enterprises (SMEs) are expected to be key beneficiaries of digital banking. They form the backbone of the Malaysian economy – representing over 97% of overall business establishments, contributing approximately 38% of national GDP, and employing nearly half of the working population.
The 21 analysts offering 12-month price forecasts for Grab Holdings Ltd have a median target of 4.22, with a high estimate of 8.00 and a low estimate of 2.29. The median estimate represents a +45.52% increase from the last price of 2.90.
28.01% of Shares Held by All Insider
45.00% of Shares Held by Institutions
62.51% of Float Held by Institutions
325 Total Institutions Holding Shares
@cxj@dimsum@JaneWW@gugu@Soul@HENRYCSC@Omega88@Zeniv@Terri1@NickHow@Baaam@chaicka@mini_cupcake@LMSunshine@River0@36Kr@Ferrari@rosa@wywy@WWF SG@KYHBKO@koolgal@EZQQQQ@WebbBart@BTB@BB姬@LIULIULIU@lilili@Yalla@SSally@Billie Lo@DDD2@yeppy@jayc@YOLO道@IcyIcy@CY_Ng@Seven8@JayceLee@cutieee@FinMelon@Mess0M@daz88888888@smile000@NaaS@sadsam@3Fs@laoduo@vision@kiekie@bluefun@Loveuuu@GuruFocus@uuunited@Soul@dropppie@Modi@Meroy@PoPo@nomi@MichelleOng@DandanC@DADA@Kim Kim@QSL@MamaT@mako@Tiger_chat
Comments