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Summary
- Grab’s stock performance has been disappointing since its IPO, currently sitting at $3.16, significantly below its IPO price.
- Grab’s fundamentals have improved since the IPO, with revenue growth and a clear path to consistent profitability and cash flow generation.
- Potential catalysts for Grab include a share buyback program and expanding financial services in key markets. I rate Grab a buy. At $3, it appears undervalued, in my opinion.
Grab (NASDAQ:GRAB) is a Singaporean technology company that offers a wide range of services, including ride-hailing, food delivery, and financial services. It is one of the largest technology companies in Southeast Asia, with operations in eight countries and over 35 million monthly transacting users.
Share performance has been disappointing since the IPO in 2020. Initially surging above $16, it then plummeted due to concerns about profitability and competition. The stock currently sits at $3.16, significantly below its IPO price, with an all-time return of -74.5%.
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