Asia Banking Research

Nov

Has Grab turned a corner?

Grab, founded in 2012, hit a milestone in the third quarter: It recorded its first profit on an adjusted EBITDA basis. The Singapore-based platform company is better known for burning almost unfathomable amounts of cash in a race to build scale, so adjusted EBITDA of US$29 million is a significant…

Nov

Asia Banking Research

Is GoTo on the right track?

Observing that GoTo managed to reduce its losses in the third quarter, we are wondering to what extent this platform company created from a merger of Indonesia’s two most prominent tech startups is on the right track. Its stock hit a 52-week nadir of 54 rupiah on October 16, but…

Nov

Asia Banking Research

Kasikornbank steps up digital finance investments

Some incumbent banks may be slow to digitize, but apparently not the big commercial lenders in Thailand. We have been tracking the transformative digitization of Siam Commercial Bank (SCB) for several years now and are intrigued to see that another large Thai lender is adopting an aggressive digital-first strategy. Given…

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