On November 3, Grab Holdings rose 5.59% in Pre-Market Trading, trading at $3.01/share, with turnover of $275,900.

The clearest catalyst was the company’s latest quarterly report, which showed third-quarter revenue above market expectations and a higher full-year revenue outlook.

Grab Holdings reported third-quarter revenue of $1.112 billion, up from $873 million a year earlier and ahead of expectations ranging from $1.05 billion to $1.073 billion. The company also lifted full-year group revenue guidance to $4.15 billion-$4.20 billion from $4.10 billion-$4.15 billion previously. Additional commentary indicated adjusted EBITDA reached $207 million, while some institutions remained constructive after the results and maintained bullish target prices despite profit figures showing mixed comparisons versus certain forecasts.

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