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Grab Shares Rose 3.1% in Premarket Trading

Tiger Newspress2022-02-18

Grab shares rose 3.1% in premarket trading.Nasdaq-listed Grab Holdings has been making all the right moves and the latest being the technology company’s inclusion in the MSCI ACWI Index.

The MSCI ACWI Index, MSCI’s flagship global equity index, is designed to represent performance of the full opportunity set of large- and mid-cap stocks across 23 developed and 25 emerging markets, its website said. The listing is a good footing for the company, according to an 18 January report by Citi Research.

And now that Singapore’s state-owned investment firm Temasek has increased its stake in Grab, it is clearly another vote of confidence. These could be, perhaps, the reasons for the company’s “good footing” and recommendations by analysts to buy its shares. In a CNN poll, among 12 investment analysts, 11 recommend buy with 1 outperform.

Abhilash Pagaria, head alternative research at Mumbai-based Edelweiss Securities estimates that if a stock gets added to MSCI global index, it could easily fetch a windfall of up to $500m via passive fund management.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment18

  • Minhoshuting
    ·2022-02-22
    Go
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  • hoarang88
    ·2022-02-20
    👍
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  • Gatekeeper
    ·2022-02-19
    Unless you have lots of cash on hand to invest if not base on current world situation better stay away from stock not making $$$
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  • CY Tan
    ·2022-02-19
    Hope to see Grab's share price to go up after Temasek increase their investment on Grab.
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  • Bodoh
    ·2022-02-19
    Dropped or rose?
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  • Bodoh
    ·2022-02-18
    Hahaha it's not bleeding, it a hemorrhage
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  • RandyTan
    ·2022-02-18
    ...
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  • Ytahxiang
    ·2022-02-18
    Will it be like Deliveroo in the UK? Plunge at the beginning, rocket back to more than initial price and then plunge big time now.
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  • gupzbajaj
    ·2022-02-18
    Hoping for a bull run
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  • TitusJaw
    ·2022-02-18
    Thanks for sharing
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  • Chororo
    ·2022-02-18
    Reply
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  • AlanChia
    ·2022-02-18
    Singapore gov support Singapore company
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  • vaNzZz
    ·2022-02-18
    Good to hear
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  • ParableTalen
    ·2022-02-18
    I thought usually there's an accompanying reason?
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  • TeslaLegend
    ·2022-02-18
    Nice 
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  • MelChen
    ·2022-02-18
    Wow
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  • Fitz18
    ·2022-02-18
    [Miser] 
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  • I continue to stay out of$Grab Holdings(GRAB)$looking at the price performance of palantir, Roblox, Shopify etc after results, it is not unexpected for me to be worried over grab performance. But doordash did performed so what is what. Assess based on your risk reward profile
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