Latest news with #DivyaGangaharKothiyal
Mint
29-07-2025
- Business
- Mint
Singapore Air Shares Slump as Air India Loss Hits Earnings
(Bloomberg) -- Singapore Airlines Ltd. share's slumped the most in almost a year after the carrier posted a sharp decline in quarterly profit. The stock fell as much as 8.7% in early Singapore trading, the biggest intraday decline since Aug. 1, 2024. Net income dropped 59% to S$186 million ($145 million) in the three months ended June 30, the carrier said Monday. The weaker performance was largely due to losses at Air India, in which Singapore Air holds a 25.1% stake, and which wasn't part of last year's results. An investigation into the fatal crash of Air India flight 171 in June is ongoing and the fallout is likely to continue to weigh on Singapore Air's performance. The Indian carrier cut capacity in the short-term to deal with operational challenges in the aftermath of the disaster. Despite the profit slide, Singapore Air remained positive about the months ahead, with robust demand across most regions in which it operates, though it did voice caution over geopolitical and macroeconomic volatility. The carrier offers the first glimpse as to how the headwinds are playing out in Asia, with major Western airlines painting a mixed picture. Earlier this month, American Airlines Group Inc. scaled back its earnings outlook after deep fare discounts to entice reluctant travelers, while Delta Air Lines Inc. gave a more upbeat outlook about demand and United Airlines Holdings Inc. said customers have resumed booking flights. Analysts had mixed reactions to Singapore Air's results, ranging from Citigroup Inc.'s Kaseedit Choonnawat pointing to core profit missing estimates to Morgan Stanley's Divya Gangahar Kothiyal predicting passenger yields may soon start stabilizing, helping ease competitive sales pressures. JPMorgan Securities Asia Pacific Ltd.'s Karen Li said the results will likely be deemed a major miss and downgraded the stock to neutral with a price target of S$7.00. It was trading at S$7.02 at 9:20 a.m. local time, having fallen as low as S$6.94. More stories like this are available on
Yahoo
19-04-2025
- Automotive
- Yahoo
Is Grab Holdings Limited (GRAB) the Least Risky Internet Stock To Invest In?
We recently published a list of . In this article, we are going to take a look at where Grab Holdings Limited (NASDAQ:GRAB) stands against other least risky internet stocks to invest in. Investors usually do not waste any time reminding everyone of the dot-com bubble whenever the market takes a turn for the worse. With a recession imminent, some sectors have already corrected by so much that they are in bear market territory. Internet stocks belong to the same group. Analysts at Evercore believe most of the internet stocks have very limited exposure to tariffs but still get hammered every time the market crashes on tariff developments. This means these stocks now present a favorable risk-to-reward ratio for investors. We therefore decided to dig into the details of each of these internet stocks. To come up with our list of the 10 least risky internet stocks, we used the list compiled by Evercore's analysts and ranked them by risk, with the least risky stock taking the number one spot. A customer enjoying the convenience of a mobile financial services transaction. Grab Holdings Limited is a superapps provider in Indonesia, Singapore, Vietnam, Malaysia, the Philippines, Thailand, Cambodia, and Myanmar. The company operates in Mobility, Deliveries, Financial Services, and Other segments. It also offers banking and digital services. At the start of this year, the company signed an electric vehicle supply partnership with BYD Company Limited. This collaboration will provide the firm driver and fleet partners throughout Southeast Asia. It will also provide Grab drivers access to up to 50,000 BYD Company's electric vehicles at discounted rates. With this partnership, the ride-hailing giant will get an extended warranty on the EV batteries. Executive Chuck Kim of Grab Holdings highlighted the potential benefits of this partnership by saying: 'This collaboration enables us to drive the transition to EVs forward by lowering the financial barriers that are often associated with EVs, and in the long run, deliver economic benefits to our driver-partners, which may include fuel cost savings.' Recently, the firm received a license to operate as a street-hail taxi service in Singapore. With this move, Grab became the sixth taxi operator in the country. Morgan Stanley views this development as beneficial and has an Overweight rating on the stock. Morgan Stanley analyst Divya Gangahar Kothiyal is also optimistic on the company's ability to deliver: 'We expect Grab to be able to ramp up its taxi fleet to the minimum requirement of 800 over the next 1–2 years.' Overall, GRAB ranks 7th on our list of least risky internet stocks to invest in. While we acknowledge the potential of GRAB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that has gone up since the beginning of 2025, while popular AI stocks have lost around 25%. If you are looking for an AI stock that is more promising than GRAB but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
