Story of the day
Grab raises consumer promotions and driver incentives to halt further market share gains for GoTo’s Gojek, while competition between Grab and Sea for the food delivery market in Indonesia is intensifying.
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What does this mean for your portfolio?
As Sea, Grab, and Gojek fight for market share in Southeast Asia, who will come out on top?
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We like these:
SEA’s Fire Free Max continues to do well, and is likely to use free cash flow from its gaming business to fund aggressive expansion in the food delivery space.
Its e-commerce business in Southeast Asia is likely to see narrower losses in 4Q21F and EBITDA breakeven in 2H22F, renewing faith in its growth strategy.
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