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Singapore-based superapp Grab Holdings Limited has on Monday raised its full year revenue forecast following its improved revenue in the third quarter.
The firm said in a statement that its has raised its annual revenue projection to $2.76 billion to $2.78 billion, from $2.7 billion to $2.75 billion. The new revenue projection signals an annual growth of 17 percent to 18 percent.
The...
Maybank Investment Bank has raised Grab Holdings 2024-2026 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) estimates by 23 percent to 27 percent.
The research house said in a note on Tuesday that following a relatively muted second quarter, Grab made a solid come back in third quarter with an across-the-board improvement, beating its estimates by 1 percent to...
Moody’s Ratings has upgraded the corporate family rating (CFR) of Grab Holdings Inc to B1 from B2 and maintained the positive outlook.
Moody’s said in a note on Monday the rating upgrade reflects its view that Grab will generate positive earnings and cash flows on a sustained basis.
“Although its nascent digital banking operations are currently incurring losses, this is...
Thailand’s ride-hailing market is expected to intensify with the debut of Singapore-based ride-hailing firm Tada on Wednesday.
The service covers Bangkok now and is will expand to Nonthaburi, Pathum Thani and Samut Prakan in the near future, local media Bangkok Post reported on Thursday.
According to the report, Thailand is the company’s fourth market. Tada...
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