New Street Research - GRAB HLDGS LTD (GRAB) ... Grab 1Q25: guidance raise, as expected. We see further upside. $5.6 price target

Report

New Street Research

Ben Harwood

Grab 1Q25: guidance raise, as expected. We see further upside. $5.6 price target

Grab reported 1Q25 earnings overnight. Please see the link below for our take on the print.

30/04/2025 1 EN

Underlyings

GRAB HLDGS LTD

See profile

KYG4124C1096 United States

GRABTAXI HOLDINGS PTE LTD

See profile

Provider

New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
Global healthcare thematic research

We provide debt research on:

Pan European Telecom Services and Cable

See profile

Analysts

Ben Harwood

Other Reports on these Companies

New Street Research

Tariffs – How would a recession affect our coverage?

The tariffs announced by the Trump administration in the last two weeks have resulted in major swings in the stock market and broader concerns regarding the global economy. We developed a framework to understand the situation and interpret its daily evolution last week and follow up today with an initial perspective on potential macro implications.

April 15, 2025 April 15, 2025 1 EN

New Street Research

The Tech Infrastructure Quarterly Bible 4Q24

We publish today our comprehensive quarterly bible: 240 pages of detailed analyses on what happened in the last 3 months, and how we interpret it, in light of our current convictions. The first section acts as a PM summary, outlining our key findings, and latest thoughts on the semi cycle, in 6 slides.

March 24, 2025 March 24, 2025 1 EN

Tariffs & TSMC: the baseline & what’s next

Evaluating the consequences of tariffs is challenging. As we strengthen our understanding of the tech supply chain, we follow-up on our initial analysis to evaluate the impact on TSMC with more precision. This follows our recent deep dives on the impact on Nvidia, Broadcom, AMD/Intel, and Semicap. Read also our broader notes on tariffs: our baseline thesis for an overall perspective, and our assessment of the macro risk. Please see the link below for more details.

14h / 16m 14h / 16m 1 EN

Ben Rickett ... (+2)

Ben Rickett
James Ratzer

TeleColumbus Q4 results and 2025 outlook – Bullish thesis intact

TeleColumbus has just reported their 2024 results and provided 2025 guidance for the first time. We remain bullish on the credit story for the company and see increased conviction from the management team on their path to a fibre stronghold in their footprint.

EUR 8843.00

15h / 29m 15h / 29m 1 EN

Russell Waller

Russell Waller

Odido (T-Mobile NL) (Equal Weight) Q4 24: Good cost control and operational gearing; IPO still possible in 2025

Odido has finally reported Q4 results. SR trends continue to slow a little, but cost control is good and EBITDAaL growth is ahead of SR – the same is true for FY25 guidance (supported by growing scale benefits in fixed, and network related costs rolling off).

EUR 8843.00

15h / 30m 15h / 30m 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

Grab 1Q25: guidance raise, as expected. We see further upside. $5.6 price target

Tariffs – How would a recession affect our coverage?

The Tech Infrastructure Quarterly Bible 4Q24

Tariffs & TSMC: the baseline & what’s next

TeleColumbus Q4 results and 2025 outlook – Bullish thesis intact

Odido (T-Mobile NL) (Equal Weight) Q4 24: Good cost control and operational gearing; IPO still possible in 2025

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe