0821 GMT - Grab's plans to integrate AI and robotics into its operations are expected to solidify its market lead in Southeast Asia, Morningstar analyst Kai Wang says in a note. Gross merchandise value in Vietnam, Malaysia, Philippines and Thailand is projected to grow at 20% into 2026, with Indonesia and Singapore in the teens, Wang says. The company has signaled a push into autonomous driving, which could expand long-term margins, but near-term unit economics should stay the same, as large-scale EV deployment remains years away given less attractive cost savings. Morningstar keeps its fair value estimate unchanged at $5.60, citing uncertain short-term cost benefits from adopting autonomous-driving technology. Grab's ADRs last closed at $5.88. (jason.chau@wsj.com)
(END) Dow Jones Newswires
November 12, 2025 03:21 ET (08:21 GMT)
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