$GRAB CEO Anthony Tan buys 10,350,000 shares of Grab at $2.89/share. Anthony has been a net seller on the open market since the company went public. This is first open market purchase. Obviously, for him to buy $30M of stock while his net worth is around $300-400M shows how significant of a purchase this is and how much he thinks the market has lost their minds on this name. We are now looking at a public valuation LOWER than what Grab was worth in the private markets. Their enterprise value is $7B and they will profitably do $4.2B of revenue this year. Really nice to see an insider buy — it has been a tough hold but the broader thesis, in my opinion, is being executed in a VERY strong way with a horrible macro backdrop . For a CEO who has been criticized for many insider sells (many of which were pre-planned and also deserved given the guy founded the company and wasn’t liquid for a decade) it is nice to see him put almost 10% of his net worth into the company he started 15 years ago via purchases on the open market. Grab Holdings President & COO Alexander Charles Hungate also bought $867K of $GRAB with 299,571 shares at a $2.89 avg. The markets are the greatest game on earth, they will test your patience, they will turn your stomach inside out, they will drive you crazy as the price of an asset goes down while fundamentals get better, every bear case will make more sense as you see the price go down, but one thing is clear: execution and compounding earnings wins in the end. It’s nice to see a C-suite that believes in that themselves and takes advantage of that with a sizeable amount of their personal networth. The story continues!

BREAKING $GRAB Full Investor Update on Atome🆕🚨 Note: I was lagging for few mins, so this record missed the first 1 or 2 minute. Anthony Tan CEO ~Grab expectes to 1,000% increase in expanding users growth and lending with Atome Acquisition. ~BNPL Cash loan 16x, BNPL card x4 in consumer, a sizeable consumers finance ~Atome brings >30,000 brands to much broader categories that Grab never had. (I talked abt this for more than a year, will write more later) ~With Atome, Grab is expanding merchants aggressively in many different categories, and grow users to cross sell all services in the SuperApp ~60% Equity with Cash $1.49B expected to close by Q3 2027 + $900m buyback in the next 12 months. ~40% Equity will be up to Atome performance , expected to be 2 years after Phase 1 clos ~New Raised Guidance: 2028 Gross Loan Portfolio >$6B. 2025-2028 Revenue CAGR from 20-30%+(too conservative) 2028 Financial Service Segment Adj EBITDA $500M 2028 Adjusted EBITDA $1.5B >$1.7B Alex Hungate COO ~Ecosystem Participants >50M ~Cumulative transaction >20B since 2012 ~>900 city-level presence Peter Oey CFO ~Accelerating Growth with more mentization ~Ads, Mobility, Deliveries, Financial services to more Merchants, Users, and Drivers in many new categories ~Atome speeds up the Gap that would cost Grab more to build in-house ~It is all about user growth, that will need merchant and categories expansion ~Margin will be much higher as more operating leverage gains as we scale Loan book in the coming quarters/ years ~Target >$6B Loanbook by end of 2028(I think this is conservative) ~Most of this $6B will sit in GXS, Superbank OVO, not on Financial or a capital intensive for Grab, so basically implying a significant growth from customer deposit. ~Raised Guidance (Above) ~Affordability and Groceries/Retail are proven to accelerate growth further ~As we expand more categories, we see much higher growth ahead ~Users will spend more with us over time ~We remain disciplined as we inesting for organic and profitable growth ~Maintain a strong balance sheet with ample liquidity ~Continue to enhance shareholder returns ~Transaction detail below ~ We have plenty of room to grow with Atome ~ We will win with our strong Ecosystem Q&A ~ 1% of our 138M Annual Transacting users, so this Atome acquisition to speed up this growth. Atome is already profitable and generate FCF+. >30,000 brands would take us many years to acquire and costly. Great synergy to add more categories ~ We look forward to work with Atome Team, and hopefully most of them stay with us after 2 years to achieve financial inclusion in SEA sustainably. ~ The largest driver is going to be user growth. A shift toward to improving yield on longer duration loan. Credit models continue to improve. Secret sauce in lending is the credit engine. Atome and Grab together can improve. More Operating leverage to gain long term. ~ Atome has strong profitability. Revenue is expected to grow strong. They are generating very attrative return. ~ 40% remaining equity if Atome grows faster, our on-demand will grow also much faster. So more merchants(more categories) > More users > Drivers > Faster Deliveries growth. ~ Acquisitions are to enhance our flywheel to spin more. To grow Users/Merchants/Drivers. ~ We will have sub-committee at Grab to determine the risk appetite. We will work together in 2 years before Phase 2 on different opportunities as we want to cross-sell Grab Services into Atome 25m MTUs. And many more embedded financial serivces opportunities. ~ We want to get more users in ecosystem, and how we want to keep engagement(frequency). Atome will give us access new users base in different categories that we dont have. We can monetize more effectively as new users join the ecosystem. We can now do consumer loan with Atome (BNPL, BNPL Card, digital products). 30,000 brands are very valuable to us that we dont have today, new penetration. More future merchants relationship to bring to our ecosytem. Very good long term. Atome is worth a lot more to us(ecosytem). ~ M&A Strategy is all about growing our ecosystem faster (MTUs, Merchants, Drivers). With Atome we could scale consumer lending better. We are also doing share buyback. We know our share price is dislocated today so we leaning with more buyback. We continue to make sure our balance sheet to be strong