Grab Holdings: Southeast Asia's Super-App Is Getting Stronger (Rating Upgrade)
Grab Holdings is upgraded to Strong Buy despite a 37% stock decline, as fundamentals have strengthened and profitability has been achieved. GRAB benefits from exposure to high-growth markets: mobility, food delivery, and financial services, each with double-digit CAGRs projected through 2030. Valuation appears justified given 22% revenue growth, 582% forward EPS growth, and premium margins versus peers, supporting potential for rerating.