GoTo Exits Tough Vietnam Market to Focus on Reaching Profit [Yahoo! Finance]
Grab Holdings Limited (GRAB)
Company Research
Source: Yahoo! Finance
Most Read from Bloomberg How Air Conditioning Took Over the American Office Hong Kong's Arts Hub Turns to Selling Land to Stay Afloat The company's Gojek brand will close its Vietnam business effective Sept. 16, GoTo said Wednesday in a statement. The unit, which offers ride-hailing, food delivery and courier services, accounted for less than 1% of GoTo's gross transactions in the second quarter and the exit won't hurt the company's financials, it said. The unprofitable company, which battles stiff competition from Singapore's Grab Holdings Ltd. in markets including Vietnam, has slashed spending as user growth cools. It exited Thailand in 2021 and late last year relinquished control of loss-making e-commerce arm Tokopedia to ByteDance Ltd.'s TikTok in a $1.5 billion deal. Still, GoTo has yet to reach positive net income, despite thousands of job cuts and large reductions in marketing expenditure. Since Patrick Walujo took over as chief executive last year, the company has m
Show less
Read more
Impact Snapshot
Event Time:
GRAB
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GRAB alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GRAB alerts
High impacting Grab Holdings Limited news events
Weekly update
A roundup of the hottest topics
GRAB
News
- Wall Street Analysts Think Grab (GRAB) Is a Good Investment: Is It? [Yahoo! Finance]Yahoo! Finance
- Firestone remains Indycar's tire supplier under Bridgestone and Penske deal [Yahoo! Finance Canada]Yahoo! Finance Canada
- Grab Holdings Ltd (GRAB): Hedge Funds Are Bullish On This US Stock to Buy Under $5 Now [Yahoo! Finance]Yahoo! Finance
- Grab Holdings Limited (NASDAQ: GRAB) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $6.00 price target on the stock.MarketBeat
- Europe Online Food Delivery Market Forecast Report and Company Analysis 2024-3032, Featuring Delivery Hero, Grab Holdings, Uber Technologies, Roofoods, Yum! Brands, DoorDash and Zomato [Yahoo! Finance]Yahoo! Finance
GRAB
Earnings
- 8/15/24 - In-Line
GRAB
Sec Filings
- 9/11/24 - Form 144
- 9/9/24 - Form 144
- 9/4/24 - Form 144
- GRAB's page on the SEC website