Grab: Impressive Resilience Amid Oil Price Shocks

Grab demonstrates strong gross bookings growth and resilience despite macroeconomic turmoil and a ~30% stock decline over the past year. I reiterate my buy rating, citing a mismatch between negative sentiment and robust fundamental performance, reinforced by recent strong Q1 results. GRAB benefits from secular tailwinds in fast-growing Southeast Asian economies, diversified revenue streams, and ongoing product innovation.