Sam Badawi
Stock Analyst, Creator of Origins of Alpha & Quarterly Conviction
Grab is buying mediocre businesses to pump up client numbers because it couldn't acquire those customers at a reasonable cost with its own products and salespeople. The businesses it operates in are also mostly commoditized. x.comÂ
DoorDash's clear accumulation makes its continued selloff look unjustified. The stock is still falling despite that buying. x.comÂ
Grab's projected earnings growth makes its 16.9x next-twelve-month earnings multiple look cheap. Management projects revenue CAGR above 30% and EPS CAGR around 40% through 2028, with Financial Services reaching adjusted EBITDA breakeven in H2 2026 and $500M by 2028. CEO Anthony Tan bought $30M of shares at $2.89, around today's price; Grab's $900M buyback equals 7.5% of market cap. Very few opportunities are as compelling as Grab. x.comÂ
Grab looks set to stay under pressure for now because nearly everyone is underwater and it is tax-loss selling season, though it could make a huge comeback in the years ahead. x.comÂ
Grab looks like a tough near-term hold as oil costs and Indonesia's cap on fees weigh on it. It was expected to report $925M with EPS of $0.02. If it survives 2026 through the first half of 2027, it could have monster years after. x.comÂ
Grab is a long-term accumulation candidate as a dominant, profitable and growing Southeast Asia super-app still down over 40% from its highs despite a beat. Revenue of $955 million, EPS of $0.04 and EBITDA of $154 million all topped estimates, and its market cap is $14.84 billion. The trend is still down, so patience is required; a weekly close above $4.00 would confirm a reversal. x.comÂ
Grab still looks expensive even after CEO Anthony Tan's first open-market share purchase. It trades at 2.5x the valuation multiple of Kaspi.kz, which is the better buy, and foreign currency inflation is an issue. x.com x.comÂ
DoorDash's core business is fine and its investments make sense; the problem is a tough narrative, so below $160 it is probably fine to own for anyone not judged on monthly performance. The tape is unforgiving: investors keep asking about FY27 though management would never guide that far out, and investor relations has brushed off calls for an analyst day and tough questions on the investment cycle. x.com x.com x.comÂ
Funds selling and shorting Grab and Sea to chase chip stocks are a near-term headwind for both core holdings. The trade is tied to the closing of the strait and will keep pressuring the stocks until funds decide that trade is wrong. x.comÂ
Grab's CEO bought $30 million of shares at $2.89, an insider purchase worth following. @Mike_S_222 points to a 4 billion float, but a big float doesn't stop a stock from moving big, as Microsoft, Apple and Nvidia show. x.com x.comÂ