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Grab, Sea seen as defensive stocks as they are not exposed to direct trade links with US

Analysts are confident they will emerge as winners amid Trump’s tsunami of tariffs

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Benjamin Cher

Benjamin Cher

Published Wed, Apr 9, 2025 · 05:53 PM
    • Phillip Securities on Apr 8 initiated coverage on Nasdaq-listed Grab with a “buy” call and a target price of US$5.80.
    • Phillip Securities on Apr 8 initiated coverage on Nasdaq-listed Grab with a “buy” call and a target price of US$5.80. PHOTO: BLOOMBERG

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    [SINGAPORE] Singapore-headquartered tech giants Grab and Sea – both listed in the United States – have not been spared amid a wider market sell-off sparked by “reciprocal tariffs” announced by US President Donald Trump on Apr 2.

    Since the announcement, Grab has tumbled some 19 per cent to US$3.73 as at Apr 8 and Sea has shed about 21.5 per cent to US$105.57.

    But analysts are confident that they will emerge as winners amid Trump’s tsunami of tariffs.

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