1057 GMT - Deliveroo's exit from Singapore's market is likely to benefit Grab, Alicia Yap of Citi Research writes. That is despite DoorDash's delivery service in the city-state likely accounting for only a single-digit share of Singapore's delivery market, versus 65%-70% for Grab and 20%-25% for Foodpanda, the analyst says. The exit of a longtime competitor could still mean possible market-share gains for Grab, Yap adds in a note. Meanwhile, Deliveroo's exit from Qatar will likely be a positive development for Meituan's Keeta service, she says. Citi reiterates a buy rating on Grab with a target price of $7.20. Shares closed at $4.15 overnight. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

February 25, 2026 05:57 ET (10:57 GMT)

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