Grab rated a buy on strong growth and profitability across Southeast Asia businesses

Grab, Southeast Asia's leading rideshare company, is rated a buy due to its attractive valuation and recent shift to profitability. The company benefits from diversification across eight Southeast Asian countries and multiple sectors including rideshare, delivery, e-commerce, and financial services. Both mobility and delivery segments have seen revenue growth exceeding 20%, while its financial services loan portfolio expanded significantly in fiscal year 2025. Although lending growth presents some risks, it also offers high reward potential, and further profitability gains could drive the stock price higher.