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Grab’s profitability push enthralls analysts, but befuddled investors aren’t biting

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Benjamin Cher

Benjamin Cher

Published Tue, Feb 28, 2023 · 05:50 AM
    • While Grab posted an impressive drop in losses, the market appears to think differently from analysts.
    • While Grab posted an impressive drop in losses, the market appears to think differently from analysts. PHOTO: BT FILE

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    GRAB’S latest FY2022 results paint quite a positive picture: Losses narrowed by more than half, and the target date for adjusted earnings before interest, depreciation and amortisation (Ebitda) breakeven was brought forward by six months to Q4 FY2023.

    Following the results announcement, analysts have been gushing about the stock, and recommending “buy” orders on the back of fundamentals that seem to be on the up and up.

    Based on Bloomberg data, 19 out of 26 analysts surveyed have “buy” recommendations on Grab.

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