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Coca-Cola, Grab expand partnership to deliver innovative consumer experiences in Southeast AsiaSingapore-based superapp Grab and global soft drink manufacturer Coca-Cola are advancing their strategic partnership in Southeast Asia to better engage today’s increasingly hybrid shoppers. The duo said in a statement on Wednesday that the partnership will combine Coca-Cola extensive offline retail presence with Grab’s expansive online network to create unique experiences for...
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Grab picks AWS as preferred cloud provider to drive technology innovation and growthAmazon Web Services, Inc. (AWS), an Amazon.com, Inc. company, announced Thursday that Grab, Southeast Asia’s leading superapp, has selected AWS as its preferred cloud provider. The duo said in a statement that with AWS, Grab is pursuing a technology-led strategy to accelerate growth across its mobility, deliveries, and financial services verticals, including its new digibanks, while...0 Comments 0 Shares 772 Views 0 Reviews
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Grab raises full year revenue forecast after improved performance in third quarterSingapore-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...0 Comments 0 Shares 2K Views 0 Reviews
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Maybank raises Grab’s earnings forecast after solid results in third quarterMaybank 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...0 Comments 0 Shares 2K Views 0 Reviews
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Moody’s Ratings upgrades Grab’s CFR to B1; outlook remains positiveMoody’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...0 Comments 0 Shares 1K Views 0 Reviews
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SINGAPORE'S TADA LAUNCHES RIDE-HAILING SERVICES IN THAILAND TO TAKE ON GRABThailand’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...0 Comments 0 Shares 2K Views 0 Reviews
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Maybank sees ASEAN internet players to lead growth ahead of global peersMaybank Investment Bank said Thursday that it foresees ASEAN internet players such as Sea, Grab and GoTo to lead growth ahead of global peers. The research house said in a note that these domestic companies delivered an all-round performance in the third quarter of 2024, gained market share (versus Lazada or FoodPanda) and achieved growth that is in line/ahead of global peers (such as MELI or...0 Comments 0 Shares 1K Views 0 Reviews
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