We are optimistic about Grab Holdings due to its leading market position in Southeast Asia's ride-hailing sector. The ride-hailing segment has reached a pivotal moment and is now cash-flow positive, marking a notable improvement compared to last year. Furthermore, its delivery business is achieving higher operating margins, and Grab has already updated its long-term margin expectations for this segment. We see several new long-term growth drivers, including its advertising business, which remains underutilized.
MarketAnalysis
