Grab Holdings: Attractive Valuation, Strong Buy (Rating Upgrade)

Grab Holdings Limited demonstrates resilient growth, with Q1 2026 revenue up 23.4% YoY to $955M and net income margin rising to 12.5%. GRAB's strategic commission cuts, EV adoption, and diversified business model help maintain demand and driver loyalty despite surging oil prices and inflation. Robust liquidity ($2.9B cash) and partnerships with metered taxis support operational sustainability and market segmentation across ASEAN cities.