CA - Grab's Path To Profitability Mirrors Uber's; We See Huge Upside In This Forgotten Stock

2024-07-16 01:59:27 ET

Summary

• Grab Holdings went public in 2021 as the 'Uber of Southeast Asia' but shares have dropped over 72% since the debut.
• The Company's financials are surging, and we see a path to bottom-line profitability by late this year or early 2025.
• With a reasonable-looking valuation, we see an inflection in profitability as a catalyst that could cause a re-rating in the stock to the upside.
• This is similar to what happened with Uber after we called it out in June of last year.
• We rate GRAB stock a 'Strong Buy'.

2020 and 2021 were busy years in the market for public offerings.

As a result, we'd forgive you if the Grab Holdings ( GRAB ) offering flew under your radar, despite it being the largest ever SPAC transaction of its kind.

The company's pitch is that it is essentially the 'Uber ( UBER ) of Southeast Asia', which is a unique and potentially profitable position to be in....

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