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AGCUU - Grab Is Growing Fast But The Valuation Is Too High
Altimeter Growth Corp. Unit
Grab is set to merge with SPAC Altimeter Growth Corp. by the end of the year. Investors wanting to invest in the company can do so by buying the SPAC shares now.
The company is valued at ~$45 billion, which we believe is way too generous.
It is still worth watching given the fact that it is the biggest super app in South East Asia and it offers a multitude of services.
Economic growth in South East Asia is expected to be robust, with annual growth estimated at 4.9% per year.