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Soon Huat

2022-08-17

$Grab Holdings(GRAB)$Temasek kept its holding of 10 million shares in Grab Holdings. In spite of the numerous business risks that it faces, Grab’s position as a super-app in its own league gives investors confidence that it will outperform the given benchmark that gives it its current valuation, in a way that demonstrates to the world how it is worth more than 39.6 Billion dollars. Stay tuned for the upcoming Earning result and presentation by all the key executives.

Soon Huat

2022-08-04

$Lemonade, Inc.(LMND)$Wall Street Analysts Believe Lemonade (LMND) Could Rally 46%: Here's is How to TradeShares of Lemonade (LMND) have gained 3.8% over the past four weeks to close the last trading session at $20.97, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $30.69 indicates a potential upside of 46.4%.The average comprises eight short-term price targets ranging from a low of $15.50 to a high of $53, with a standard deviation of $13.65. While the lowest estimate indicates a decline of 26.1% from the current price level, the most optimistic estimate points to a 152.7% upside. More than the range, one should note

Soon Huat

2022-08-18

$Lemonade, Inc.(LMND)$They are buying since May and June. Gradually accumulate as mentioned. 20% drop from the peak is S&P500 bottom. A bit off timing to enter now as market has bottomed since 21st June Summer solstice date. But I predict this uptrend can gradually become fierce due to short sellers covering position.Of course along the way, there will be minor corrections, be prepared sometimes market might drop by a few days at some critical resistance level. But major trend is definitely up. Accumulate along the way. This Bull market can still run for a few years！

Soon Huat

2022-08-09

Grab Hits 10 billion Rides and Deliveries!

10 years, 10 billion rides. What a journey it’s been so far. Grab is proud to mark its 10th anniversary with 10 billion rides and deliveries made. We are honoured to have been a part of so many moments in people’s lives throughout Southeast Asia.With these 10 billion rides, we had travelled an incredible 60 billion kilometres together, bringing meals, groceries, packages, and transporting passengers to their destinations. 60 billion kilometres is equivalent to travelling on every road in the world 933 times over. Picture that.The 10 billion moment came exactly on the 4th of July, at 7:45:00 PM (GMT+8). Right that second, 108 rides and deliveries were started simultaneously in the region. One passenger in Sarawak, Malaysia was calling for a ride to a restaurant for dinner, and in West Java,

Grab Hits 10 billion Rides and Deliveries!

Soon Huat

2022-08-05

$Grab Holdings(GRAB)$State of New Jersey Common Pension Fund D bought a new position in Grab Holdings Limited (NASDAQ:GRAB – Get Rating) in the first quarter, Holdings Channel reports. The institutional investor bought 617,000 shares of the company’s stock, valued at approximately $2,160,000.A number of other hedge funds also recently bought and sold shares of the company. Parsons Capital Management Inc. RI bought a new stake in Grab in the 1st quarter worth approximately $150,000. SG Americas Securities LLC bought a new stake in Grab in the 1st quarter worth approximately $711,000. Daiwa Securities Group Inc. bought a new stake in Grab in the 1st quarter worth approximately $208,000. Exchange Traded Concepts LLC lifted i

Soon Huat

2022-08-06

$Grab Holdings(GRAB)$In general, I'm quite bullish on Grab, with a consensus target price of $4.74/share – indicating approximately 70% upside. According to the Bloomberg Terminal, as of July 2022, we see Grab’s revenues in 2025 at $4.55 billion. This would equal a 3-year CAGR of approximately 30%, from 2022 to 2025. Moreover, the company is expected to break-even in the same year, recording EBITDA of $450 million and a net-income attributable to shareholders of $0.11/share.

Soon Huat

2022-08-25

$Grab Holdings(GRAB)$Everyday jam jam jam since June this year. Pray hard for tonight's result announcement!Singapore’s Grab Holdings Ltd, once South-East Asia’s most valuable startup, is faltering behind GoTo Group in the public markets as it fights to gain ground on its Indonesian ride-hailing rival’s home turf.The unprofitable companies are both struggling to convince investors of their moneymaking potential after staging their stock-market debuts in recent months. Yet GoTo has fallen less than its competitor and its market value of about US$26bil (RM116.67bil) is now twice that of its Singaporean peer. The companies are each set to report quarterly earnings in the coming days.

Soon Huat

2022-08-19

$Grab Holdings(GRAB)$Coca Cola 🤝 GrabLeading beverage company Coca-Cola and Grab, Southeast Asia’s leading superapp, today announced an integrated regional partnership that will build on Coca-Cola’s extensive offline retail presence and Grab’s large online network to unlock growth opportunities in a booming digital consumer market. Both companies will also collaborate on impact initiatives to accelerate digital skilling for merchants and promote convenience and an array of beverage choices for consumers. “At Coca-Cola, we are transforming our business model for the digital age. This new multi-market partnership extends our online reach and enables us to stay ahead of changing shopper trends as we drive customer value and

Soon Huat

2022-08-12

$Grab Holdings(GRAB)$SINGAPORE, August 11, 2022 – Grab, Southeast Asia’s leading superapp, announced two new initiatives to drive inclusive growth in Southeast Asia today at the official opening of its Headquarters @ Singapore. The new initiatives include a US$1 million GrabScholar programme to disburse scholarships and bursaries to students across Southeast Asia, and a new GrabMerchant Centre to help small businesses grow online. Grab Headquarters @ Singapore was launched in the presence of Singapore’s Deputy Prime Minister and Minister for Finance Lawrence Wong.“As we celebrate Grab’s 10th anniversary this year, we hope that our announcements today will help small businesses and our future workforce upskill and maximise

Soon Huat

2022-08-15

$Lemonade, Inc.(LMND)$The momentum has yet shift! Do you know what's the exponential impact for an insurance company?One of the fascinating and amazingly powerful drivers of insurance is that the lifetime value of a customer can grow 10 and sometimes 100x, and it's literally a lifetime. It's not a three- or four-year lifetime, it's a 30-, 40-year lifetime. And that is now happening in their business. So a quarter of their sales this last quarter came from existing customers buying a second policy or buying more coverage. Cross sales, upsells has now become a central part of their business in a way that it almost didn't exist just 24 months ago.Lemonade will have minor technical correction this week, but advised to hold for long term benefits.

Soon Huat

2023-02-03

$Grab Holdings(GRAB)$ Grab Holdings is a Southeast Asian technology company that offers a variety of services including transportation, food delivery, and mobile payments. The company has seen a surge in popularity due to the COVID-19 pandemic as more people turn to online platforms for their needs. As a result, Grab's stock has performed well in recent months. One key factor that has contributed to Grab's strong performance is the increased demand for its services. The pandemic has accelerated the shift towards online and contactless services, and Grab has been able to capitalize on this trend by offering a wide range of services through its app. This has helped the company to gain market share in a rapidly growing

Soon Huat

2022-08-02

$Grab Holdings(GRAB)$GXS Bank (or #GxS) is the name of Singapore’s first digital bank that will revolutionalise banking the way we know it today. Two years ago, Singtel entered into a joint venture with Grab to bid for two available retail digital bank licenses. Last Monday, the bank officially opened its office at its permanent location after squatting at various locations in the past two years. And very soon, they will introduce GxS to the public. It has been months of hard work and the team can finally see all their efforts bear fruit in the coming weeks. They spent a lot of time figuring out the right name for the bank – many possible names were being considered but what really made the d

Soon Huat

2022-08-08

$Grab Holdings(GRAB)$Adapting to local markets! Uber Foods Exits India.How many times have we heard this statement from in market teams. How many times has the same been ignored by the global and regional teams. While I am sure both sides have their reasons. Not adapting to local market needs will mean only one thing. Perish. Uber has been a poster child for this. The came into Asia in a big way. While the concept was understood and people were willing to adapt. The companies did not adapt. The result: Companies like Grab, Gojek, Zomato have all eaten their lunch!In the XaaS space. The barriers of entry are lower, global monoliths that don't adapt to local market conditions will see a clone with market savvy take them out

Soon Huat

2022-08-11

$Lemonade, Inc.(LMND)$IPO = $29Back in 2020, Lemonade launched "proportional reinsurance agreements" which ceded 75% of its premiums to reinsurers in exchange for a 25% "ceding commission" for every ceded dollar. Those agreements enabled Lemonade to pass on some risks related to its policies to reinsurers, but they also caused it to generate lower revenue per customer.Lemonade's reported revenue excludes those ceded premiums, which can fluctuate sharply each year, so its year-over-year growth rates don't always reflect its underlying growth. Instead, investors should focus on its growth in customers, premium per customer, in force premium (IFP), and gross earned premium (GEP) to see how fast it's actually growing.During the second quarter, Lemonad

Soon Huat

2022-08-12

$Lemonade, Inc.(LMND)$Short Squeeze! Short Squeeze! Upward trend!What happened???Shares of Lemonade (LMND 6.11%) soared as much as 33.2% this week, according to data from S&P Global Market Intelligence. The insurance start-up posted better-than-expected revenue and earnings for the second quarter. As of this writing, after the close on Thursday, Aug. 11, the stock is up 26.3% this week.So what???Lemonade reported earnings on Tuesday, Aug. 9. Revenue grew 77% year over year to $50 million, and net loss was $67.9 million, or $1.10 per share. These beat analyst expectations for $47.6 million in revenue and a net loss of $1.33 per share. This earnings beat (even though it was a loss) likely caused Lemonade's stock to soar this week.It is also poss

Soon Huat

2023-02-03

The pullback in the Hang Seng Index (HSI) can have different interpretations and the answer to whether it represents an opportunity to add or the end of a rally depends on several factors, including market conditions and individual investor preferences. Market conditions: The pullback could be due to broader market conditions such as a shift in investor sentiment, economic data releases, or geopolitical events that are affecting the overall market. Individual investor preferences: Different investors have different risk tolerances, investment goals, and time horizons, which can influence their views on a market pullback. Some investors may see a pullback as an opportunity to add to their positions at a lower price, while others may view it as a sign of a potential market downturn and a rea

Soon Huat

2022-08-31

$Grab Holdings(GRAB)$SINGAPORE - Singapore’s digital retail banking scene is set to sizzle as players fight to roll out their offerings with GXS Bank firing the first salvo.Interest will be credited to the account with every one cent earned.For a start, GXS Bank customers can deposit up to only $5,000 into the savings account and earn daily interest of 0.08 per cent per annum. Traditional lenders’ savings accounts typically give out interest on a monthly or quarterly basis, usually only at the end of the month.Backed by Grab and Singtel, the digital bank, which is allowed to serve retail and corporate clients, on Wednesday (Aug 31) unveiled its first financial product - the GXS Savings Account.To encourage users to save,

Soon Huat

2022-08-30

$Grab Holdings(GRAB)$Grab shares tumbled 16% after the Singaporean ride hailing startup reported a wider loss than analysts had estimated. Its net loss for 2Q was about US$547 million causing cumulative losses to reach $14 billion. These losses were also more than the $335 million loss analysts had projected. Grab shares are now down more than 55% this year. Grab’s revenue rose a better-than-expected 79% to US$321 million as lockdowns ended and people returned to work. But on an annualized basis ($1.28), those revenues were still less than 1/10 its cumulative losses, suggesting even if Grab ever becomes profitable, a big if, it will be years before it can completely erase those cumulative losses. To combat the

Soon Huat

2022-07-27

$Grab Holdings(GRAB)$80 tons of lychees. This was the amount of lychees we helped Vietnamese farmers sell on the Grab platform, when supply chains were hit badly during the pandemic. Fruit that would otherwise have rotted in waste. This was only possible thanks to the Vietnam government's support for MSMEs, and in this case the agriculture industry, to use digital services.Grab CEO was glad to have the privilege of meeting in person with Deputy Prime Minister (DPM) Le Minh Khai, Minister of Agriculture and Rural Development (MOA) Le Minh Hoan, and Minister of Planning and Investment (MPI) Nguyen Chi Dzung, to thank them for their partnership and discuss opportunities to contribute to Vietnam's digital economy. M

Soon Huat

2022-08-11

$Grab Holdings(GRAB)$CIBC Asset Management Inc acquired a new position in Grab Holdings Limited (NASDAQ:GRAB – Get Rating) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 113,677 shares of the company’s stock, valued at approximately $398,000.A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. KBC Group NV bought a new stake in Grab during the first quarter worth $105,000. IFM Investors Pty Ltd purchased a new position in shares of Grab during the 1st quarter valued at $642,000. Gulf International Bank UK Ltd purchased a new position in Grab during the first quarter wor

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