Grab's 2026 Margins Likely to Benefit From Foodpanda's Potential Singapore, Malaysia Exits -- Market Talk
Dow Jones
Oct 16
1010 GMT - Grab could benefit from Delivery Hero's Foodpanda potentially exiting Singapore and Malaysia, promoting DBS to lift its 2026 group adjusted Ebitda forecast for Grab by 11%, now 28% above market consensus. Grab's expansion in solo meal delivery and grocery services strengthens its lead in Foodpanda's core areas, notes DBS analyst Sachin Mittal, saying Foodpanda's Ebitda is unlikely to break even in the two countries. The scaling of GrabMart and dine-out offerings should further lift margins in 2026. DBS maintains a buy rating on Grab's shares, raising its target price to $7.55 from $6.35. Grab closed at $5.92 overnight. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
October 16, 2025 06:10 ET (10:10 GMT)
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