We recently compiled a list of the 10 Stocks Gaining Momentum From Key Collaborations. In this article, we are going to take a look at where Grab Holdings Limited (NASDAQ:GRAB) stands against the other stocks.
The US stock indices are decreasing as investors try to make sense of mixed earnings reports from banks. Donald Trump’s Treasury choice is being grilled by the Senate on tariffs, Fed independence, and tax cuts. LA wildfires are coming under control, though high winds continue to make things uncertain in the region. Amidst all this, it is business as usual for many companies. From tech companies to automotive, every firm is collaborating with others in the industry to add more value for its customers. Some of these partnerships relate to the improvement of services while others act as value additions to both businesses, such as Microsoft and Pearson plc’s partnership on improving education and training.
We compiled a list of 10 stocks that are either surging on such collaborations or have the potential to outperform the market based on business improvements through these collaborations. To come up with our list of 10 stocks that are gaining momentum from key collaborations, we only considered stocks with a market cap of at least $1 billion.
A customer enjoying the convenience of a mobile financial services transaction.
Grab Holdings Limited (NASDAQ:GRAB)
Grab Holdings Limited (NASDAQ:GRAB) is Southeast Asia’s largest ride-booking and food delivery company whereas BYD Company Limited is involved in making EVs and batteries. Grab Holdings will now be able to use BYD as its supply partner for EVs to aid in its ride-booking and food delivery business.
This partnership will provide access to 50,000 electric vehicles to Grab’s drivers in Southeast Asia. According to the partnership, Grab’s drivers will receive extended warranty on EV batteries at affordable rates. Moreover, the partnership will cover various regions including Malaysia, Thailand, Indonesia, and Singapore. Vehicle models included in the deal include Denza D9 MPV, BYD M6, BYD Atto 3, and BYD Seal.
According to Grab executive Chuck Kim, the purpose of the deal is to make drivers better off by reducing financial barriers and making electrical vehicles a more affordable option. In the long run, the goal is to provide economic benefits to drivers by saving their fuel costs.
Overall GRAB ranks 6th on our list of the stocks that are gaining momentum from key collaborations. While we acknowledge the potential of GRAB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as GRAB but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article was originally published at Insider Monkey.
