Grab Holdings: We Could Not Be More Bullish

2025-02-13 16:57:36 ET

Summary

• Grab Holdings, the "Uber of Southeast Asia," has shown significant growth in key mobility, delivery, and financial services segments, and sports a solid competitive moat.
• Trading at a reasonable valuation, we think that shares are still attractive, despite the recent 40%+ run up.
• We're re-iterating our 'Strong Buy' rating on GRAB.

One of our favorite stocks on the market right now is Uber ( UBER ).

Why? Because it's one of the best 'marketplace' businesses around.

With a robust dual-sided platform of demand and supply for rides, meal delivery, and more, UBER is in a perfect position to grow revenues, market share, and profitability, all at the same time. With the ability to add on higher-margin businesses, like advertising, we think that UBER - and other scaled marketplace businesses at large - are in an incredible position to deliver incredible long-term returns to shareholders.

While the company's recent earnings report was a bit of a dud, the firm's long-term outlook, in our view, is excellent....

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