A profitable Southeast Asian super app with a credit engine about to cross breakeven and about a third of its market cap in net cash. The inflection that matters here it's GrabFin breakeven in H2'26.
Great article. Since Uber is one of my highest-conviction picks right now - do you see any disruption risk for Grab in the SEA-market? As far as I know is Uber still holding a big position in Grab...
Good breakdown. One nitpick it reads like it's hedging every claim instead of committing to a view. "Cheapest in the group" especially.... that's often the tell that a stock deserves its discount not a hidden bargain.
Great article. Since Uber is one of my highest-conviction picks right now - do you see any disruption risk for Grab in the SEA-market? As far as I know is Uber still holding a big position in Grab...
Ah yes, UBER holds a stake in GRAB, so it profits if Grab wins SEA rather than re-entering the region.
I look forward to your UBER article
Published it on June 20th. Feel free to take a look and reach out if you have any questions!
Good breakdown. One nitpick it reads like it's hedging every claim instead of committing to a view. "Cheapest in the group" especially.... that's often the tell that a stock deserves its discount not a hidden bargain.
A real risk is institutional selloff: Uber and Softbank; either trimming would pressure the stock, the same way NIO trades currently.