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Tellimer starts Grab at 'buy' with TP of US$13

Khairani Afifi Noordin
Khairani Afifi Noordin12/10/2021 10:46 AM GMT+08  • 3 min read
Tellimer starts Grab at 'buy' with TP of US$13
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Tellimer’s Nirgunan Tiruchelvam has initiated coverage on Grab Holdings with a “buy” call and a US$13 target price.

In his Dec 9 report, Tiruchelvam, who heads up Tellimer's consumer sector equity research, says Grab provides unique exposure to the explosion of food delivery, ride-hailing, and mobile money.

“Covid-19 has accelerated the growth of the digital economy in Asean, and Grab has been foremost among the Asean digital giants,” says Tiruchelvam.

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