New Street Research - GRABTAXI HOLDINGS PTE LTD (0967655D) Grab: Competition Omicron. Tough start for 2022?

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New Street Research

Pierre FerraguÊ

Grab: Competition & Omicron. Tough start for 2022?

We review our Grab estimates ahead of 4Q21 earnings next week. The company is facing rising Omicron cases in Southeast Asia and increased competition in both deliveries and mobility. We take down our near-term bookings and EBITDA estimates, but our long-term view on the company is unchanged.

24/02/2022 1 EN

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GRABTAXI HOLDINGS PTE LTD

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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

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Analysts

Pierre FerraguÊ

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Grab: Competition & Omicron. Tough start for 2022?

AI re-platforming, tariff pull-ins, autos, weak iPhone cycle, HBM, and more. Our weekly wrap-up.

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

Autos & Industrials, China AI, PC cycle, WFE, Arista, Besi, Grab. Our weekly wrap-up.

Microsoft vs. OpenAI: Implications for investors?

SATS, Carr, and the Art of the No Deal…Yet

Supreme Court Upholds USF Framework but Reform Still Ahead

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