Grab Holdings Limited (GRAB) traded higher in the latest session as investors continued to price in improved growth optionality from its agreed $600 million all-cash purchase of Delivery Hero’s foodpanda delivery business in Taiwan, a move that expands Grab beyond its core Southeast Asia footprint. The deal adds scale in a new, higher-income market with presence across 21 cities, supporting a narrative shift toward sustained growth plus improving profitability.

The move also comes with the market still anchored to Grab’s recent profitability milestone and capital return signal. Grab reported its first full-year net profit for 2025 and authorized a new $500 million share repurchase program, alongside guidance for FY2026 group revenue of $4.04–$4.10 billion and adjusted EBITDA of $700–$720 million—key reference points for bulls arguing the company is transitioning from cash-burn to cash-generation.

Near-term trading will likely be sensitive to any incremental updates on regulatory approvals and closing timing for the Taiwan transaction, which is expected in the second half of 2026. Investors will also track the pace of buyback execution, any changes to forward guidance as integration plans firm up, and further commentary on competitive dynamics in deliveries and mobility across the region.