Green guard personal page - To The Moon

Green guard

No personal profile

2Follow

0Followers

0Topic

0Badge

2023-05-18

Short it down

Grab's Soft Delivery Sales Overshadow Improving Bottomline

2023-05-09

Share your opinion about this news…

Grab to Report Another Ebitda Beat Versus Consensus in 1QFY2023, CGS-CIMB Maintains Add

Go to Tiger App to see more news

{"i18n":{"language":"en_US"},"userPageInfo":{"id":4126695700032032,"uuid":"4126695700032032","gmtCreate":1663592612371,"gmtModify":1663592612371,"name":"Green guard","pinyin":"greenguardgreenguard","introduction":"","introductionEn":"","signature":"","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":2,"tweetSize":2,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":0,"name":"","nameTw":"","represent":"","factor":"","iconColor":"","bgColor":""},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"init","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-1","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Debut Tiger","description":"Join the tiger community for 500 days","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.02.01","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches $300,000","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.02","exceedPercentage":"80.48%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.02","exceedPercentage":"80.10%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.02.08","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.10.05","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":2,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":9970627604,"gmtCreate":1684409790009,"gmtModify":1684410014222,"author":{"id":"4126695700032032","authorId":"4126695700032032","authorIdStr":"4126695700032032","name":"Green guard","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4126695700032032"},"themes":[],"htmlText":"Short it down&nbsp;","listText":"Short it down&nbsp;","text":"Short it down","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970627604","repostId":"2336300810","repostType":2,"repost":{"id":"2336300810","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1684408644,"share":"https://ttm.financial/m/news/2336300810?lang=&edition=fundamental","pubTime":"2023-05-18 19:17","market":"us","language":"en","title":"Grab's Soft Delivery Sales Overshadow Improving Bottomline","url":"https://stock-news.laohu8.com/highlight/detail?id=2336300810","media":"Reuters","summary":"May 18 (Reuters) - Grab Holdings Ltd said on Thursday that an early Ramadan weighed on sales at its ","content":"<html><head></head><body><p style=\"text-align: start;\">May 18 (Reuters) - Grab Holdings Ltd said on Thursday that an early Ramadan weighed on sales at its delivery business, taking the shine off an otherwise positive quarter and sending the Southeast Asian company&#39;s shares down.</p><p style=\"text-align: start;\">Total platform sales at Grab&#39;s delivery business - its biggest - fell 9% in the March quarter due to the early start of the Ramadan fasting period and the first Chinese New Year without mobility restrictions since the pandemic.</p><p>But the company&#39;s finance chief, Peter Oey, struck a positive tone for the unit in an interview, saying that he expected &#34;the second half of the year to be stronger for the delivery business.&#34;</p><p style=\"text-align: start;\">The Southeast Asian super-app operator has in the few months embarked on a cost-cutting drive, with measures including a slashing of its cloud bill and hiring freeze for some roles. It has also lowered expenditure on consumer and worker incentives.</p><p style=\"text-align: start;\">The lower incentives helped the delivery business triple its revenue to $275 million, which beat Visible Alpha consensus estimates. Total revenue more than doubled to $525 million, also above expectations of $504.3 million.</p><p>Revenue at the rideshare business - Grab&#39;s second-largest - rose 72% to $194 million in the March quarter but it missed the $195.2 million consensus estimate, according to Visible Alpha.</p><p style=\"text-align: start;\">Grab posted a smaller adjusted operating loss of $66 million in the period, compared with a year-ago loss of $287 million.</p><p style=\"text-align: start;\">It also narrowed its forecast for annual adjusted operating loss to $195 million to $235 million, from $275 million to $325 million.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab's Soft Delivery Sales Overshadow Improving Bottomline</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab's Soft Delivery Sales Overshadow Improving Bottomline\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-05-18 19:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">May 18 (Reuters) - Grab Holdings Ltd said on Thursday that an early Ramadan weighed on sales at its delivery business, taking the shine off an otherwise positive quarter and sending the Southeast Asian company&#39;s shares down.</p><p style=\"text-align: start;\">Total platform sales at Grab&#39;s delivery business - its biggest - fell 9% in the March quarter due to the early start of the Ramadan fasting period and the first Chinese New Year without mobility restrictions since the pandemic.</p><p>But the company&#39;s finance chief, Peter Oey, struck a positive tone for the unit in an interview, saying that he expected &#34;the second half of the year to be stronger for the delivery business.&#34;</p><p style=\"text-align: start;\">The Southeast Asian super-app operator has in the few months embarked on a cost-cutting drive, with measures including a slashing of its cloud bill and hiring freeze for some roles. It has also lowered expenditure on consumer and worker incentives.</p><p style=\"text-align: start;\">The lower incentives helped the delivery business triple its revenue to $275 million, which beat Visible Alpha consensus estimates. Total revenue more than doubled to $525 million, also above expectations of $504.3 million.</p><p>Revenue at the rideshare business - Grab&#39;s second-largest - rose 72% to $194 million in the March quarter but it missed the $195.2 million consensus estimate, according to Visible Alpha.</p><p style=\"text-align: start;\">Grab posted a smaller adjusted operating loss of $66 million in the period, compared with a year-ago loss of $287 million.</p><p style=\"text-align: start;\">It also narrowed its forecast for annual adjusted operating loss to $195 million to $235 million, from $275 million to $325 million.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2336300810","content_text":"May 18 (Reuters) - Grab Holdings Ltd said on Thursday that an early Ramadan weighed on sales at its delivery business, taking the shine off an otherwise positive quarter and sending the Southeast Asian company's shares down.Total platform sales at Grab's delivery business - its biggest - fell 9% in the March quarter due to the early start of the Ramadan fasting period and the first Chinese New Year without mobility restrictions since the pandemic.But the company's finance chief, Peter Oey, struck a positive tone for the unit in an interview, saying that he expected \"the second half of the year to be stronger for the delivery business.\"The Southeast Asian super-app operator has in the few months embarked on a cost-cutting drive, with measures including a slashing of its cloud bill and hiring freeze for some roles. It has also lowered expenditure on consumer and worker incentives.The lower incentives helped the delivery business triple its revenue to $275 million, which beat Visible Alpha consensus estimates. Total revenue more than doubled to $525 million, also above expectations of $504.3 million.Revenue at the rideshare business - Grab's second-largest - rose 72% to $194 million in the March quarter but it missed the $195.2 million consensus estimate, according to Visible Alpha.Grab posted a smaller adjusted operating loss of $66 million in the period, compared with a year-ago loss of $287 million.It also narrowed its forecast for annual adjusted operating loss to $195 million to $235 million, from $275 million to $325 million.","news_type":1},"isVote":1,"tweetType":1,"viewCount":291,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947786532,"gmtCreate":1683611226127,"gmtModify":1683611390814,"author":{"id":"4126695700032032","authorId":"4126695700032032","authorIdStr":"4126695700032032","name":"Green guard","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4126695700032032"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947786532","repostId":"1199473333","repostType":2,"repost":{"id":"1199473333","pubTimestamp":1683608842,"share":"https://ttm.financial/m/news/1199473333?lang=&edition=fundamental","pubTime":"2023-05-09 13:07","market":"us","language":"en","title":"Grab to Report Another Ebitda Beat Versus Consensus in 1QFY2023, CGS-CIMB Maintains Add","url":"https://stock-news.laohu8.com/highlight/detail?id=1199473333","media":"Edge","summary":"CGS-CIMB Research analysts Ong Khang Chuen and Kenneth Tan have kept “add” on Grab with an unchanged","content":"<html><head></head><body><p>CGS-CIMB Research analysts Ong Khang Chuen and Kenneth Tan have kept “add” on Grab with an unchanged target price of US$4.50 ($5.96), anticipating the “superapp” to announce a generally positive set of 1QFY2023 ended March results on May 18.</p><p style=\"text-align: start;\">In their May 8 report, the analysts forecast a slight moderation in Grab’s gross merchandise value (GMV) to US$4.91 billion, 2% higher y-o-y, with its mobility growth offsetting declines in deliveries and financial services.</p><p style=\"text-align: start;\">With easing competition, the analysts believe that Grab would be able to further scale back on its incentive levels and increase monetisation. They estimate a beat in net revenue and adjusted ebitda at US$527 million and -US$87 million respectively, versus Bloomberg consensus’ US$490 million and -US$124 million.</p><p style=\"text-align: start;\">GAAP net loss, however, is estimated to be in line with Bloomberg consensus at US$282 million due to mark-to-market fair value loss of US$60 million on its equity interest in Indonesia’s Emtek.</p><p style=\"text-align: start;\">Meanwhile, Ong and Tan’s read-through from Grab’s regional peers — namely GoTo and Foodpanda — suggests a slight weakness in delivery GMV despite significant improvements in margins.</p><p style=\"text-align: start;\">They forecast Grab to report deliveries GMV of US$2.31 billion for its 1QFY2023, 10% lower y-o-y on post Covid-19 normalisation and the earlier Ramadan. The rationalisation of incentives, however, should help Grab’s deliveries segment to achieve an adjusted ebitda to GMV ratio of 2.6% in 1QFY2023, a 4.8 percentage points improvement y-o-y.</p><p>“We see upside to Grab’s steady-state margin guidance for its deliveries segment as it rapidly approaches its near-term target of 3% adjusted ebitda to GMV ratio, as we note most global peers generally target more than 5% over the longer-term,” the analysts add.</p><p style=\"text-align: start;\">With tailwinds from the economic reopening and tourism recovery, CGS-CIMB forecasts Grab’s mobility segment ebitda to improve 88% y-o-y to US$154 million in 1QFY2023. The analysts note that they observe lower frequency of surge pricing in Singapore, likely driven by continued efforts to improve driver supply.</p><p style=\"text-align: start;\">Grab is currently enhancing its capabilities to better tap the tourism recovery and reinvesting gains to drive growth in lower-tier cities, the analysts highlight. With this, they forecast its mobility segment to see 30% GMV growth y-o-y in FY2023 while maintaining an adjusted ebitda to GMV ratio of 12.8%, slightly above its steady-state margin guidance of 12%.</p><p>With key competitors aiming to achieve similar goals this year, Ong and Tan expect continued healthy competitive landscape, enabling Grab to drive rapid margin expansion without market share erosion.</p><p style=\"text-align: start;\">CGS-CIMB’s current base case assumes Grab can achieve adjusted ebitda breakeven by 4QFY2023 — in line with the company guidance. However, the analysts believe Grab’s FY2023 adjusted ebitda loss guidance of US$275 million-US$325 million is too pessimistic.</p><p style=\"text-align: start;\">With an estimated FY2023 adjusted ebitda loss of US$192 million, CGS-CIMB sees room for Grab to lower its adjusted ebitda loss guidance range if it successfully executes continued margin improvements in 1QFY2023.</p><p style=\"text-align: start;\">Shares in Grab closed 32 cents higher or 10.6% up on May 8 at US$3.34.</p></body></html>","source":"lsy1655096814160","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab to Report Another Ebitda Beat Versus Consensus in 1QFY2023, CGS-CIMB Maintains Add</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab to Report Another Ebitda Beat Versus Consensus in 1QFY2023, CGS-CIMB Maintains Add\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-09 13:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/capital/brokers-calls/grab-report-another-ebitda-beat-versus-consensus-1qfy2023-cgs-cimb-maintains><strong>Edge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CGS-CIMB Research analysts Ong Khang Chuen and Kenneth Tan have kept “add” on Grab with an unchanged target price of US$4.50 ($5.96), anticipating the “superapp” to announce a generally positive set ...</p>\n\n<a href=\"https://www.theedgesingapore.com/capital/brokers-calls/grab-report-another-ebitda-beat-versus-consensus-1qfy2023-cgs-cimb-maintains\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"source_url":"https://www.theedgesingapore.com/capital/brokers-calls/grab-report-another-ebitda-beat-versus-consensus-1qfy2023-cgs-cimb-maintains","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199473333","content_text":"CGS-CIMB Research analysts Ong Khang Chuen and Kenneth Tan have kept “add” on Grab with an unchanged target price of US$4.50 ($5.96), anticipating the “superapp” to announce a generally positive set of 1QFY2023 ended March results on May 18.In their May 8 report, the analysts forecast a slight moderation in Grab’s gross merchandise value (GMV) to US$4.91 billion, 2% higher y-o-y, with its mobility growth offsetting declines in deliveries and financial services.With easing competition, the analysts believe that Grab would be able to further scale back on its incentive levels and increase monetisation. They estimate a beat in net revenue and adjusted ebitda at US$527 million and -US$87 million respectively, versus Bloomberg consensus’ US$490 million and -US$124 million.GAAP net loss, however, is estimated to be in line with Bloomberg consensus at US$282 million due to mark-to-market fair value loss of US$60 million on its equity interest in Indonesia’s Emtek.Meanwhile, Ong and Tan’s read-through from Grab’s regional peers — namely GoTo and Foodpanda — suggests a slight weakness in delivery GMV despite significant improvements in margins.They forecast Grab to report deliveries GMV of US$2.31 billion for its 1QFY2023, 10% lower y-o-y on post Covid-19 normalisation and the earlier Ramadan. The rationalisation of incentives, however, should help Grab’s deliveries segment to achieve an adjusted ebitda to GMV ratio of 2.6% in 1QFY2023, a 4.8 percentage points improvement y-o-y.“We see upside to Grab’s steady-state margin guidance for its deliveries segment as it rapidly approaches its near-term target of 3% adjusted ebitda to GMV ratio, as we note most global peers generally target more than 5% over the longer-term,” the analysts add.With tailwinds from the economic reopening and tourism recovery, CGS-CIMB forecasts Grab’s mobility segment ebitda to improve 88% y-o-y to US$154 million in 1QFY2023. The analysts note that they observe lower frequency of surge pricing in Singapore, likely driven by continued efforts to improve driver supply.Grab is currently enhancing its capabilities to better tap the tourism recovery and reinvesting gains to drive growth in lower-tier cities, the analysts highlight. With this, they forecast its mobility segment to see 30% GMV growth y-o-y in FY2023 while maintaining an adjusted ebitda to GMV ratio of 12.8%, slightly above its steady-state margin guidance of 12%.With key competitors aiming to achieve similar goals this year, Ong and Tan expect continued healthy competitive landscape, enabling Grab to drive rapid margin expansion without market share erosion.CGS-CIMB’s current base case assumes Grab can achieve adjusted ebitda breakeven by 4QFY2023 — in line with the company guidance. However, the analysts believe Grab’s FY2023 adjusted ebitda loss guidance of US$275 million-US$325 million is too pessimistic.With an estimated FY2023 adjusted ebitda loss of US$192 million, CGS-CIMB sees room for Grab to lower its adjusted ebitda loss guidance range if it successfully executes continued margin improvements in 1QFY2023.Shares in Grab closed 32 cents higher or 10.6% up on May 8 at US$3.34.","news_type":1},"isVote":1,"tweetType":1,"viewCount":286,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9970627604,"gmtCreate":1684409790009,"gmtModify":1684410014222,"author":{"id":"4126695700032032","authorId":"4126695700032032","authorIdStr":"4126695700032032","name":"Green guard","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4126695700032032"},"themes":[],"htmlText":"Short it down&nbsp;","listText":"Short it down&nbsp;","text":"Short it down","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970627604","repostId":"2336300810","repostType":2,"isVote":1,"tweetType":1,"viewCount":291,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947786532,"gmtCreate":1683611226127,"gmtModify":1683611390814,"author":{"id":"4126695700032032","authorId":"4126695700032032","authorIdStr":"4126695700032032","name":"Green guard","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4126695700032032"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947786532","repostId":"1199473333","repostType":2,"isVote":1,"tweetType":1,"viewCount":286,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}