Grab's Growth Drivers Intact, Likely to Spur Margin Expansion in 2025 -- Market Talk

Dow Jones

Feb 05, 2025

0657 GMT - Grab's growth drivers are intact, and its adjusted Ebita will likely surge in 2025, driven by margin expansion, HSBC analysts write in a note. Grab is likely to strengthen its leadership position in ride-hailing and deliveries, as it invests into products to help expand its total addressable market with affordable products, they say. However, as the priority will be on new product initiatives, cross-selling and lending products, HSBC trims earlier margin estimates and reduces its adjusted Ebitda projection by 2%-5% for 2025-2026. HSBC lowers its target price to $5.45 from $5.50 but upgrades its stock rating to buy from hold as the stock offers 20% upside, and valuations have become attractive after the recent price correction. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

February 05, 2025 01:57 ET (06:57 GMT)

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Grab is likely to strengthen its leadership position in ride-hailing and deliveries, as it invests into products to help expand its total addressable market with affordable products, they say. However, as the priority will be on new product initiatives, cross-selling and lending products, HSBC trims earlier margin estimates and reduces its adjusted Ebitda projection by 2%-5% for 2025-2026. HSBC lowers its target price to $5.45 from $5.50 but upgrades its stock rating to buy from hold as the stock offers 20% upside, and valuations have become attractive after the recent price correction. (kimberley.kao@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 05, 2025 01:57 ET (06:57 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab's Growth Drivers Intact, Likely to Spur Margin Expansion in 2025 -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab's Growth Drivers Intact, Likely to Spur Margin Expansion in 2025 -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-05 14:57</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0657 GMT - Grab's growth drivers are intact, and its adjusted Ebita will likely surge in 2025, driven by margin expansion, HSBC analysts write in a note. Grab is likely to strengthen its leadership position in ride-hailing and deliveries, as it invests into products to help expand its total addressable market with affordable products, they say. However, as the priority will be on new product initiatives, cross-selling and lending products, HSBC trims earlier margin estimates and reduces its adjusted Ebitda projection by 2%-5% for 2025-2026. HSBC lowers its target price to $5.45 from $5.50 but upgrades its stock rating to buy from hold as the stock offers 20% upside, and valuations have become attractive after the recent price correction. (kimberley.kao@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 05, 2025 01:57 ET (06:57 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999013478.USD","symbol_name":"利安新加坡股息基金","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2509427518","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509427518","pubTimestamp":1738738620,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0657 GMT - Grab's growth drivers are intact, and its adjusted Ebita will likely surge in 2025, driven by margin expansion, HSBC analysts write in a note. Grab is likely to strengthen its leadership position in ride-hailing and deliveries, as it invests into products to help expand its total addressable market with affordable products, they say. However, as the priority will be on new product initiatives, cross-selling and lending products, HSBC trims earlier margin estimates and reduces its adjusted Ebitda projection by 2%-5% for 2025-2026. HSBC lowers its target price to $5.45 from $5.50 but upgrades its stock rating to buy from hold as the stock offers 20% upside, and valuations have become attractive after the recent price correction. 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Grab is likely to strengthen its leadership position in ride-hailing and deliveries, as it invests into products to help expand its total addressable market with affordable products, they say. However, as the priority will be on new product initiatives, cross-selling and lending products, HSBC trims earlier margin estimates and reduces its adjusted Ebitda projection by 2%-5% for 2025-2026. HSBC lowers its target price to $5.45 from $5.50 but upgrades its stock rating to buy from hold as the stock offers 20% upside, and valuations have become attractive after the recent price correction. (kimberley.kao@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 05, 2025 01:57 ET (06:57 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}