Grab Holdings Ltd

Grab Thailand has officially launched the Group Ride feature, supporting group travel with up to 4 pick-up and drop-off points. AI is used to plan routes and calculate per-person fares, helping users save up to 40%. Additionally, Grab EV services have been upgraded to offer fully electric vehicle rides, initially in Bangkok and major cities across Thailand. With Group Ride, the first user acts as the Host and shares a link for fellow travelers to specify their destinations. There are three payment options: Host pays for all, split equally, or split by distance. Discounts of 10-20% are available based on the number of pick-up and drop-off points, from now until December 31, 2026. Meanwhile, Grab EV offers a 15% discount, up to 100 baht, with the code GRABEV during the same period. Ms. Arisa Lorthongpaisan, Assistant Managing Director for Mobility and Driver Management at Grab Thailand, stated that over 60% of Gen Z and Millennials are willing to pay more for sustainability, and Grab EV Rides usage has increased by more than 35%, reflecting growing demand.

Grab Holdings raised its full-year revenue and profit forecasts on August 4, 2026, crediting AI investments and an aggressive affordability push for helping it grow despite rising fuel costs across Southeast Asia. The company now expects full-year revenue between $4.10 billion and $4.15 billion and EBITDA between $720 million and $740 million, while also announcing a new $750 million buyback. Second-quarter revenue rose 22% to $997 million, beating analyst estimates, and net income jumped to $252 million from $35 million a year earlier. CFO Peter Oey said AI has helped Grab ship products more than 30% faster and eliminate nearly 40,000 hours of sales inefficiencies, with the technology now embedded across operations. However, the company spent $706 million on customer and partner incentives in the quarter to maintain low prices, and faces regulatory headwinds including a cut to maximum commission rates in Indonesia.

Mr. Ekniti Nitithanprapas, Deputy Prime Minister and Minister of Finance, revealed that the remaining 200 billion baht from the 400 billion baht loan under the emergency decree will primarily focus on energy transition projects. This includes subsidies for installing rooftop solar panels, transitioning public transport to electric vehicles, and upgrading transmission lines and smart meters. State financial institutions such as Government Savings Bank and Government Housing Bank will assist with credit. As for the first 200 billion baht tranche, about 40 billion baht remains. The Prime Minister has instructed a careful and targeted assessment of the situation before using these funds, and has also approved their use for the Thai Travel Thailand Plus project, for which the Ministry of Tourism and Sports has requested a budget of 1.75 to 2 billion baht. Meanwhile, the Thai Help Thai Plus Phase 2 project still awaits evaluation before a decision on its extension. Mr. Ekniti also disclosed that during discussions with the CEO of Grab Holdings, the company expressed gratitude for its participation in the Thai Help Thai Plus project, which used AI systems to help increase sales for elderly merchants by over 68% and boost store revenues by 86%.

All 26 analysts covering Grab Holdings rate the stock a Buy with an average price target of $5.86, implying a 58% upside from its current price near $3.70, yet shares linger near their 52-week low of $3.18. The Southeast Asian super-app posted a 334% earnings beat in Q2 2026, but the surge was largely driven by a one-time $307 million remeasurement gain from consolidating Indonesian digital bank Superbank, and investors shrugged off the results. Financial Services revenue jumped 59% to $134 million, with the gross loan portfolio scaling to $2.3 billion, up 197% year over year, and management targets adjusted EBITDA profitability for the segment in the second half of 2026. The board authorized a fresh $750 million buyback on top of a prior $500 million program, while insider selling has been steady, including the CEO offloading 400,000 shares in July. The stock is down over 26% year to date, and the bull case hinges on operational leverage and the Financial Services segment reaching profitability, while the bear case points to persistent regulatory and FX risk in Southeast Asia.

Grab Holdings has raised its profit and revenue forecasts for this year, now expecting adjusted earnings before interest, taxes, depreciation, and amortisation of 720 to 740 million US dollars and revenue of up to 4.15 billion US dollars, up from the previous top-end estimates of 720 million US dollars and 4.1 billion US dollars respectively. The upgrade reflects robust commuter demand in Southeast Asia, even as higher oil prices driven by Middle East tensions push up ride-hailing and delivery costs. In addition, Grab's board has approved an additional 750 million US dollar share buyback programme, amid fierce competition from rivals GoTo Group and Green & Smart Mobility JSC in key markets such as Indonesia and Vietnam.

Betagro has launched a new business, Dishdash, a full-service standard delivery kitchen for small and medium-sized restaurant operators. The first kitchen is located in the Yen Akat area, one of the highest delivery order zones in Bangkok. Operators can use the service for a monthly fee, reducing investment burdens and kitchen management, with a professional team and a complete restaurant operating system. Current restaurant partners include Yong Seng Lee, Sukiyaki Boran, Tang Fu Mala, and Lan Por Neua Tom. Consumers can order via Grab, Lineman, and Shopeefood. There is also Dishdash Box, a premium snack and boxed meal service for corporate customers, starting at 69 baht.

Yuanta Securities expects GRAB80 to report a 323 percent jump in normalized profit for the second quarter of 2026 compared to the same period last year, with results due after the US market close on August 3. Key drivers include a low profit base in the prior year, improved margins in the core business, and the consolidation of Superbank starting in May after Grab raised its stake above 50 percent. Superbank, which launched its digital banking app in 2024, has rapidly expanded its customer base through the Grab app, pushing its total loan portfolio up 55 percent year on year as of April and net interest income up 84 percent year on year. This could make financial services a future growth driver, while core operations such as food delivery and Grab Taxi continue to perform well in Malaysia, Singapore, and Indonesia with clearly improving margins. The consensus target price stands at 19.80 baht per DR, implying a 62 percent upside from the current price.

Grab Holdings has drawn increased investor attention after analysts lifted earnings estimates for the current and next fiscal years, reflecting growing confidence in the company's profitability trajectory. The revisions follow Grab's reported net income of US$268 million for 2025 and US$136 million for the first quarter of 2026, alongside new fiscal 2026 revenue guidance of US$4.04 billion to US$4.10 billion. While the upgrades highlight optimism around the superapp's ability to convert regional scale into durable earnings, the investment narrative still hinges on balancing user growth with incentive spending. Some analysts remain cautious, with the most pessimistic estimates projecting earnings of about US$448.6 million by 2029 and shrinking margins, underscoring divergent views on risks such as rising AI infrastructure costs and regulatory limits on take rates.

Social media users on Reddit believe Grab Holdings has the potential to increase tenfold in value. Grab is Southeast Asia's dominant super-app, offering ride-hailing, food delivery, grocery delivery, and financial services across markets including Singapore, Indonesia, and Malaysia. The company recently expanded into Taiwan by acquiring Delivery Hero's Foodpanda Taiwan subsidiary for $600 million in cash, and it entered North America by purchasing the US-based digital investing platform Stash. In the first quarter of 2026, Grab's revenue rose 23.4% year-over-year, and full-year guidance points to revenue growth of about 20% to 22%.

Grab Holdings reported a 130% year-over-year surge in its gross loan portfolio to $1.44 billion in the first quarter of 2026, fueling a fintech flywheel that is driving the Southeast Asian super-app toward sustained profitability. Financial Services revenue grew 43% to $107 million, total loans disbursed reached $1.1 billion, and customer deposits at GXS and GX Bank hit $1.63 billion, with CEO Anthony Tan stating the segment is on track for adjusted EBITDA breakeven in the second half of the year. The company posted its first full-year net profit of $200 million on $3.37 billion in revenue for fiscal 2025, while Q1 2026 adjusted EBITDA rose 46% to $154 million, marking the 17th consecutive quarter of growth. Grab deployed $400 million in buybacks during the quarter under a $500 million authorization, and 27 analysts rate the stock a Buy or Strong Buy with a consensus target of $5.97 and zero sell ratings. The stock trades at $3.45, down 31% year to date, as management reaffirmed full-year guidance of $4.04 billion to $4.10 billion in revenue and $700 million to $720 million in adjusted EBITDA.

Grab Holdings is set to consolidate PT Super Bank Indonesia into its financial services segment on May 20, following a share transfer from Singtel to GXS Bank that lifts Grab’s direct and indirect shareholding above 50%. Superbank now serves more than 6 million customers and processes over 1 million daily transactions, having achieved its first full-year profit in fiscal 2025 with year-on-year asset growth of 72% and net interest income growth of 84% as of April. The consolidation aims to harness the Grab and OVO ecosystem for lower-cost distribution and data-powered credit underwriting, while integration with GXS Bank is expected to accelerate product innovation and expand financial inclusion in Indonesia.

Grab Holdings Limited has been ranked among the 10 best stocks to buy under $10. Analysts hold a consensus Buy rating on the company with a median 12-month price target of $5.96, implying a potential upside of 72 percent from the current stock price. Mizuho analyst Wei Fang lowered the price target from $7 to $6 while maintaining an Outperform rating after Grab reported first quarter 2026 revenue of $955 million, up 24 percent year-over-year, and On-Demand Gross Merchandise Value of $6.1 billion, also up 24 percent. Adjusted EBITDA rose 46 percent year-over-year to a record $154 million, and Chief Financial Officer Peter Oey stated the company is on track to meet its 2026 revenue guidance of $4.04 billion to $4.10 billion and adjusted EBITDA guidance of $700 million to $720 million. Grab operates a superapp across eight Southeast Asian countries, offering deliveries, mobility, and digital financial services.