2024-06-20 08:52:00 ET
Summary
- Grab offers deliveries, mobility, and financial services in Southeast Asia, with a stock price down 70% since its IPO in 2021.
- Grab has a dominant market share and a strong brand name. The company will continue to grow due to its newer financial services segment and the rise of tourism in Singapore.
- Despite initial losses, Grab's increasing cost-efficiency and profitability, along with growth in customer base, make it a buy.
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Grab: Reducing Costs And Growing Through Tourism