In today’s briefing:
- Grab Holdings (GRAB US) – High-Value Products Take the Helm
- Aem: Hoping for Better 2025
- Tire Industry: Premium Brands Exit Small-Rim Market Amidst Rising Competition
Grab Holdings (GRAB US) – High-Value Products Take the Helm
- Grab booked an impressive performance in 3Q2024, with strong evidence of its high-value products such as advance bookings gaining traction along with increasing monthly transacting users through its Saver offering.
- The company’s delivery business benefitted from strong performance from GrabMart and GrabFood. Its Grab Unlimited subscription hit record new highs, with users transacting four times as frequently as non-users.
- Grab also saw a strong performance from GrabFin and its digital banks, which all started lending in November plus rapid deposit growth. Guidance increased reflecting a more positive outlook.
Aem: Hoping for Better 2025
- AEM (AEM SP) released 3Q24 numbers and bumped its guidance higher as its key customer pulled forward some orders.
- In 2025 it will be the first year where customers outside of Intel will make up the majority of AEM’s revenues. This is a big milestone for AEM.
- Continued business from Intel and growth in new key accounts means we should expect FY25 revenue growth. Guidance for FY25 will come by February 2025.
Tire Industry: Premium Brands Exit Small-Rim Market Amidst Rising Competition
- Premium brands focus on high-value large rims, leaving small-rim markets.
- Factory closures signal overcapacity as brands exit small-rim tire production.
- New players gain ground in small-rim segments in Europe and North America.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
