On January 17, 2022, GuerillaStockTrading has detected bearish option flow in GRAB stock.
Bearish Option Flow
Make sure to review this lesson on option flow so that you understand the image above.
Jefferies starts ‘multi-year story’ Grab with Buy, $10.50 target
On December 30, 2021, Jefferies analyst Thomas Chong initiated coverage of Grab Holdings with a Buy rating and $10.50 price target. Grab is ranked number one in Southeast Asia in terms of market share across deliveries, mobility, and digital finance despite having less than 10 years of operations in mobility and five years in food delivery and financial services, Chong tells investors in a research note. The company has a diversified revenueThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th... base with no single country contributing over 35% of adjusted net revenue, adds the analyst. He sees “huge opportunities” in Southeast Asia in terms of user base and rising online penetration across different segments. Chong thinks Grab is a “multi-year story riding on” low online penetration.
Grab Holdings initiated with a Buy at Citi
On December 16, 2021, Citi analyst Alicia Yap initiated coverage of Grab Holdings with a Buy rating and $12 price target. The analyst is positive on Grab citing its “powerful” super app ecosystem with expanding use cases, opportunities from rising online penetration of on-demand local services, and “strong” brand equity.
Evercore ISI starts Grab Holdings at Outperform with $10 price target
On December 15, 2021, Evercore ISI analyst Mark Mahaney initiated coverage of Grab Holdings with an Outperform rating and $10 price target. As the category leader in Southeast Asia across its Delivery and Mobility segments, Grab is in a “strong position” that affords it meaningful scale and network effect advantages, Mahaney tells investors. Spending trends and higher retention leave him confident in the company’s ability to sustain premium growth long-term as it leans into cross-platform utilization, Mahaney added.
Grab Holdings to buy Malaysia supermarket chain Jaya Grocer, Bloomberg says
On December 14, 2021, Grab Holdings will acquire Malaysia’s top premium supermarket chain Jaya Grocer Holdings, Bloomberg’s Yantoultra Ngui reports, citing a filing with the Securities and Exchange Commission. The company signed a deal with shareholders of Jaya to purchase all of the company’s ordinary shares as well as 75% preference shares for an undisclosed amount and also has the option to buy the remaining preference shares following the deal close. Source: https://www.bloomberg.com/news/articles/2021-12-14/grab-holdings-to-acquire-malaysian-supermarket-chain-jaya-grocer
📈 GRAB Stock Technical Analysis
We don’t quite have enough chart data to get a good read on GRAB stock but prices have been falling strongly lately so it is better to avoid new long positions right now.
There is resistance at 7.09 from a trend line in the daily time frame.
The technical rating of GRAB is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first. The current Setup Rating on GRAB stock is 3. Click here to sign up for email alerts on when GRAB stock consolidates and has a Setup Rating of 8 or higher.
