0444 GMT - Grab is well positioned for growth supported by a strong balance sheet, says Deutsche Bank research team. Grab's 4Q earnings showed continued user growth, and a new high in adjusted Ebitda, making the market's reaction to the result surprising as the stock fell 11% in the after-market hours, the DB team says. DB keeps a buy rating and lifts Grab's ADR target to $7.00 from $6.00, to factor in a possible merger with Indonesian rival GoTo. There's a lot of rationale for a merger with GoTo as the combined company will likely earn 40%-50% more, they add. A merger would also lead to deeper penetration of Indonesia, they add. Grab shares last closed at $4.79. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
February 20, 2025 23:44 ET (04:44 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。