What companies are under grab holdings?

The company provides services through several apps including Grab, JustGrab, GrabShare, GrabCar, GrabFood, GrabKitchen, GrabMart, GrabInsure, GrabInvest, GrabLink, GrabAds, and GrabExpress. It has business presence in Singapore, Cambodia, Malaysia, the Philippines, Thailand and rest of Southeast Asia.



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While the Singapore-based company reported a narrower quarterly loss, it said its gross merchandise value grew just 3% in the three months through March to $4.96 billion. That's down from 24% for the full-year 2022 and missed the $5.22 billion analysts estimated .

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Grab is largely unprofitable, amassing billions of dollars in losses since its inception. But on Wednesday, Grab pushed forward its breakeven target to the third quarter. It previously forecast it would hit break even in the fourth quarter. For 2023, Grab expects revenue between $2.2 billion and $2.3 billion.

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SoftBank remains Grab's largest shareholder, with a 19% stake, and its founder, who is widely called Masa, expresses confidence in Tan. “Masa respects Anthony's leadership and believes in the bright future of Grab,” SoftBank said in a statement.

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Grab Holdings is forecast to grow earnings and revenue by 66% and 18.2% per annum respectively. EPS is expected to grow by 72% per annum. Return on equity is forecast to be 6.8% in 3 years.

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Grab Holdings has a total shareholder equity of $6.4B and total debt of $772.0M, which brings its debt-to-equity ratio to 12.1%. Its total assets and total liabilities are $8.3B and $1.9B respectively.

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Grab's analyst rating consensus is a Strong Buy.

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Grab struggles to reach profitability due to a decrease in customer spending as interest rates and inflation soar.

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As part of the acquisition, Grab took over Uber's assets and operations, including UberEats, which led to Grab's expansion of food delivery services.

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The company now expects to break even on an adjusted core earnings basis in the current quarter ending September, ahead of its earlier fourth-quarter target.

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A class action lawsuit has been filed on behalf of those who purchased or acquired Grab Holdings Limited (“Grab”) (NASDAQ: GRAB; GRABW) securities between August 2, 2021 and March 3, 2022, inclusive (the “Class Period”).

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