$Grab Holdings(GRAB)$ Hourly chart looking good. Indicators showing upward is intact. Hope it will make daily chart look better. Xmas Treat is on the way. Stay Tuned.
SHARES of Grab have dodged a bullet on the back of confirmation by the management of Chinese food delivery giant Meituan that it is not interested in acquiring foodpanda. DBS Group Research on Thursday (Nov 30) said that the confirmation from Meituan removes a key overhang from Grab’s stock price, given that the entry of a big player such as Meituan could pose challenges to the Singapore-based super-app operator. “Grab’s stock price has corrected about 10 per cent in the last two weeks on rumours of Meituan potentially acquiring the foodpanda business, and we expect a relief rally subsequently,” said DBS. It maintained a “buy” call and target price of US$4.26 for Grab.
$NIO Inc.(NIO)$ The company registered 29 vehicles in Germany in November, according to data shared by the German Federal Motor Transport Authority earlier this month. The Shanghai-based manufacturer, which entered the German market in October 2022, has registered a total of 367 vehicles in the country this year. So miserable sales number in Germany.
$Grab Holdings(GRAB)$ lets make it green to break the mid BB. Yesterday net money inflow a few million dollars is a good sign Xmas Celebration mood is intact.