Jeff Lewis
Thu, April 9, 2026 astatine 11:15 AM CDT 2 min read
On March 23, 2026, Jefferies expert Thomas Chong reiterated a Buy standing and $6.70 terms people connected Grab Holdings, citing its statement to get foodpanda’s Taiwan business. Thomas Chong said the $600M currency woody was unexpected and could beryllium accretive to adjusted EBITDA by 2028, adding that the transaction allows Grab to grow its transportation exemplary into Taiwan astatine a valuation reflecting a discount to a anterior offer.
Earlier that day, Grab and Delivery Hero agreed for Grab to get foodpanda’s Taiwan operations for $600M connected a cash-free, debt-free basis, taxable to regulatory approvals and expected to adjacent successful the 2nd fractional of 2026. The concern generated astir $1.8B successful Gross Merchandise Value successful 2025 and is profitable connected an adjusted EBITDA basis, with Grab targeting afloat level migration by aboriginal 2027 and expecting the woody to lend astatine slightest $60M successful incremental adjusted EBITDA by 2028.
Grab Holdings Limited (NASDAQ:GRAB) operates a superapp offering delivery, mobility, and integer services crossed Southeast Asia.
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