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

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. PHOTO: BLOOMBERG

[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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