In today’s briefing:
- Grab Holdings (GRAB US) – Surging Ahead of Expectations
- REIT Watch – Healthcare S-Reits outperform in February
Grab Holdings (GRAB US) – Surging Ahead of Expectations
- Grab Holdings reported nothing short of an impressive set of results for 4Q2023, booking another positive adjusted EBITDA but also an actual net profit and positive adjusted cash flow.
- The company saw its mobility GMV come in above pre-COVID levels and deliveries GMV growth reaccelerated, while also reaching positive adjusted EBITDA for a second quarter.
- Grab aims to deepen its engagement with users through affordable and premium offerings and a laddered pricing approach, with additional focus on financial services and advertising to come in 2024.
REIT Watch – Healthcare S-Reits outperform in February
- REIT Watch – Healthcare S-Reits outperform in February The resilience of the segment can be seen from the price performance of Singapore’s two listed healthcare S-Reits as well – First Reit and ParkwayLife Reit (PLife Reit).
- PLife Reit announced a DPU of 14.77 Singapore cents for the full year 2023, a 2.7 per cent increase year on year.
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