Grab just posted strong Q2 numbers and the trend looks good:
• Revenue hit US$819M, up 23% YoY
• Adjusted EBITDA jumped to US$109M (+69% YoY)
• Deliveries up 23%, Financial Services up 41%
• Sitting on a massive US$7.6B cash pile for growth + stability
At today’s price around US$5.5-5.9, analysts still see upside to US$6-6.2+. With mobility, food delivery, and digital banking all under one super-app, Grab has a huge Southeast Asia market to grow into.
Yes, competition is real, but profitability is improving and cash flow is getting stronger. I see this as a long-term compounder with room to run~~~~~~
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