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Grab’s share price set for boost if it buys foodpanda: Analysts
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Consolidation in the region’s online food delivery industry would eliminate competition for Grab in its key markets, say analysts.
PHOTO: ST FILE
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SINGAPORE - Grab Holdings’ potential acquisition of rival foodpanda in South-east Asia
Analysts also said the move, if it goes through, could give Grab’s share price a needed boost. Since the firm’s debut on the Nasdaq stock exchange on Dec 2, 2021, the mobile tech company’s shares have lost 72 per cent of their value, and now trade at US$3.43 a pop.
