GRAB
Posted: Apr 10, 2024
- Company operates like Uber in Southeast Asia, focusing on motorbike and food delivery - Presence in Thailand, Vietnam, Singapore, Malaysia, and legal in Philippines - Regulatory issues being resolved - Offers food, mart, and express delivery services, more revenue than ride-hailing - App includes wallet feature for payments, sending money, financing purchases, and buying travel insurance - Uber received 27.5% stake in Grab, Uber CEO joined board - Stock considered cheap and undervalued, potential to hit $5.00 in next year or two
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