Tag

Grab

All articles tagged with #grab

"Jim Cramer advises caution on Ford stock, recommends a 'wait and see' approach"

Originally Published 2 years ago — by CNBC

Jim Cramer, host of "Mad Money," provided his insights on various stocks during his Lightning Round segment. Cramer advised caution on Ford, stating it is a "wait and see situation" until the next quarter's results. He recommended avoiding Grab due to its significant losses. Cramer suggested buying Bitcoin directly instead of CleanSpark, which has seen its gains already. Despite being perceived as a gun stock, Cramer believed Academy Sports and Outdoors' stock is undervalued. He praised Intel's performance and advised against selling it. Cramer refrained from recommending Ready Capital due to uncertainty surrounding the stock.

business stock-market-analysis academy-sports-and-outdoors cleanspark ford grab intel stock-market-analysis

Grab's Ride-Hailing Unit in Singapore Set to Reach Pre-Covid Levels by Year-End

Originally Published 2 years ago — by CNBC

Singapore-based ride-hailing and delivery company Grab announced that its ride-hailing unit is expected to reach pre-Covid levels by the end of 2023. In its second-quarter earnings release, Grab reported a 28% increase in mobility gross merchandise value (GMV) compared to the same period last year. The company stated that its mobility GMV has recovered to 85% of pre-Covid levels, with core markets like Malaysia, Singapore, and Thailand surpassing these levels. Grab's revenue for the second quarter was $567 million, beating estimates, and it posted a net loss of $135 million, an improvement from the previous year. The company aims to achieve profitability by the third quarter and expects revenue between $2.2 billion and $2.3 billion for 2023.

business business business earnings grab pre-covid-levels recovery ride-hailing