4 Reasons to Grab Shares of Grab Holdings Before 2024 Ends

Core Viewpoint - Grab Holdings Ltd. has achieved a significant milestone by posting a net profit for the first time in Q3 2024, indicating a turnaround in its financial performance and growth trajectory in the Southeast Asian market [3][4]. Financial Performance - Grab reported Q3 2024 earnings per share (EPS) of $0.01, exceeding consensus estimates of a loss of$0.01. Revenue increased by 17% year-over-year (YoY) to $716 million, surpassing the consensus estimate of$696 million [3][4]. - The company achieved a net profit of $15 million, a substantial recovery from a loss of$99 million in the same quarter last year. Adjusted EBITDA reached an all-time high of $90 million [4]. - Monthly transacting users (MTU) rose to 42 million, representing only 15$2.76 billion to $2.78 billion, up from the previous forecast of$2.70 billion to $2.75 billion, aligning with the consensus estimate [8]. - Full-year adjusted EBITDA is now expected to be between$308 million and $313 million, an increase from the prior estimate of$250 million to $270 million [8]. Market Position and Stock Performance - Grab's stock has shown positive momentum, breaking out of a symmetrical triangle pattern, with a current price of$4.99 and a price target of $5.48, indicating a potential upside of 9.78$2.5 billion in cash and $5.8 billion in net cash liquidity, reflecting a strong financial position [9].