Grab: ticking all the boxes in Southeast Asia: mobility, delivery, and super-app leader. Coverage Initiation
It should be no surprise to those following our work on ride-sharing that we initiate coverage today on Grab (Altimeter Growth Corp (AGC)) with a Buy rating. Grab ticks all the boxes of what we like… and actually goes beyond, with a “super-app” opportunity:Dominates Mobility with 70% share across the region;
Leads Delivery with 50% share across the region;
Still very early in its growth trajectory, with room for both penetration & individual usage;
Deployed a very successful super-app strategy – now the #1 e-wallet in the region, and actively expanding its merchant ecosystem, financial services and others.
Read the report for a detailed overview of the company and our investment thesis. We look forward to engaging on this latest coverage addition.
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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