Latest news with #GrabHoldings
Business Insider
a day ago
- Business
- Business Insider
Grab Holdings files to sell $1.25B convertible senior notes due 2030
16:48 EDT Grab Holdings (GRAB) files to sell $1.25B convertible senior notes due 2030 Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Bloomberg
a day ago
- Business
- Bloomberg
Grab Plans $1.25 Billion Convertible Bond Sale for Acquisitions
Grab Holdings Ltd. is planning a $1.25 billion sale of bonds convertible into stock, partly to bulk up its warchest for acquisitions amid signs that talks to take over rival delivery-and-transport provider GoTo Group have stalled. Singapore-based Grab, whose app is ubiquitous in Southeast Asia for ride hailing and food delivery, will issue convertible bonds that mature on June 15, 2030, it said in a statement Monday. The securities will carry a coupon of as much as 0.5% a year, payable semiannually, according to terms of the deal seen by Bloomberg News.
Nikkei Asia
a day ago
- Automotive
- Nikkei Asia
Singapore's Grab to enter taxi business amid ride-hailing driver crunch
SINGAPORE -- Singaporean ride-hailing app company Grab Holdings will enter the taxi business here in July, looking to counter an ongoing driver shortage in its main business by securing cabdrivers in parallel, all under the Grab brand. Grab has established subsidiary GrabCab, which obtained a 10-year street-hail service operator license in April. All vehicles will be hybrids or electric vehicles, starting with 40 Toyota Prius hybrids.
Bloomberg
2 days ago
- Business
- Bloomberg
Grab Says It's Not in Talks to Buy GoTo ‘at This Time'
Grab Holdings Ltd. said it isn't in talks to acquire Southeast Asia internet peer GoTo Group 'at this time,' signaling it's halting or at least pausing a planned $7 billion acquisition of its Southeast Asia internet peer. 'The parties are not involved in any discussions at this time and Grab has not entered into any definitive agreements,' Grab said in a statement Monday. 'Indonesia continues to be an important country in serving our mission as we continue to outserve our Indonesian customers, driver- and merchant-partners.'
Yahoo
09-05-2025
- Business
- Yahoo
Is Grab Holdings Limited (GRAB) the Best Low Priced Stock to Invest in For the Long Term?
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 best low priced stocks to invest in for the long term. As per AllianceBernstein, tariffs and trade wars have impacted investors of late. While some asset classes were spared, the US small-cap stocks have been hard hit. Over the past 6 months, the Russell 2000 Index has witnessed a decline of over ~10%. That being said, the investment firm opines that equity markets continue to show signs of broadening, which can work in favor of small-caps over time. The small-caps have underperformed in part since they are perceived as being more economically sensitive as compared to their larger-company counterparts. The current circumstances are unique, says AllianceBernstein. Trade tensions can have a more significant impact on the broader US economy, but robust companies can still see earnings growth. The small-cap investors can also take a sigh of relief from the broadening market. The investment firm highlighted that, over the previous 30 years, small-cap performance remained particularly robust over the last 2 cycles of unwinding large-cap growth concentration, i.e., when markets start to broaden. The 10 largest stocks accounted for over half the market capitalization of the Russell 1000 Growth Index by 2024 end, exhibiting a record high in the market concentration. Despite the trend reflecting the signs of unwinding, the concentration remains much higher as compared to the previous peaks. As per AllianceBernstein, small-caps are well-placed to benefit from the declining market concentration. READ ALSO: and . AllianceBernstein opines that, while broadening markets have resulted in improved small-cap returns, timing the turn can be a difficult task. Typically, economic recoveries have fueled such transitions. In a bid to capitalize on the broadening market with an uncertain beginning, the firm believes that the best approach is to emphasize higher-quality companies. High-quality stocks tend to see reduced drawdowns when there is a contraction in the economy, and more upside when it sees expansion. The firm also opines that small-cap stocks trade at extremely depressed valuations as compared to the larger companies, based on P/E ratios. Notably, the geopolitical tensions and macroeconomic worries have impacted the small companies. Without considering the company fundamentals, the investors have discounted potential hazards for such companies. Investing in firms exhibiting resilient business models can benefit along the road to recovery. To list the 10 Best Low Priced Stocks to Invest in For the Long Term, we sifted through financial media reports to make a list of 40 potential long term stocks. We focused on companies with a market cap of at least $2 billion with a share price below $10. We further refined our list to include stocks that had bullish analyst sentiment. We also mentioned the hedge fund sentiment around each stock, as of Q4 2024. Finally, the stocks were arranged in ascending order of their hedge fund sentiment. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A customer enjoying the convenience of a mobile financial services Holdings Limited (NASDAQ:GRAB) operates a superapp in Southeast Asia that offers ride sharing, food delivery, and financial services. Analyst Fawne Jiang of Benchmark Co. maintained a 'Buy' rating on the company's stock, retaining the price objective of $6.00. The analyst's rating is backed by a combination of factors demonstrating Grab Holdings Limited (NASDAQ:GRAB)'s healthy performance and future potential. The company released impressive Q1 2025 results, exceeding projections amidst typical seasonal challenges. The growth was aided by strong demand and ongoing investments in product and technology innovations, says the analyst. Notably, Grab Holdings Limited (NASDAQ:GRAB)'s revenue went up by 18% YoY and on a constant currency basis to $773 million, while on-demand GMV increased 16% YoY, or 17% on a constant currency basis, to touch $4.9 billion. The analyst also believes that Grab Holdings Limited (NASDAQ:GRAB)'s market leadership and counter-cyclical business model place it well for long-term growth, even during the macroeconomic uncertainties. Additionally, its strategic emphasis on cost optimization, competitive advantages as a result of market exits by key players, and efficiency gains resulting from technology further aid the favourable outlook. Also, new product launches and the usage of AI tools continue to enhance the user engagement and operational efficiency, says Jiang. Overall, GRAB ranks 1st on our list of best low priced stocks to invest in for the long term. While we acknowledge the potential of GRAB as an investment, our conviction lies in the belief that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for a deeply undervalued AI stock that is more promising than GRAB but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. 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