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16 June 2021
09:15 hour

Route Mobile expanding operations in Southeast Asia

Money Works 4 Me

08/06/2021 - 22:56

The new office in Indonesia marks Route Mobile's commitment to bolster its presence in the region


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  2. Bloomberg: VW Taps Skoda for Expansion Push in Elusive Emerging Markets (VOW, VWAGY) (03/04/2021 - Reddit Stocks)
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  6. Facebook, Google investing in two new trans-Pacific cables to Southeast Asia (29/03/2021 - Seeking Alpha)

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  7. Facebook, Google plan new undersea cables to connect Southeast Asia and America (29/03/2021 - Investing.com)

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  15. Need to increase COVID19 vaccine production capacity around the world, says Blinken (08/06/2021 - Financial Express)
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  19. Traffic resumes in Egypt’s Suez Canal; Stranded ship Ever Given refloated! (30/03/2021 - Financial Express)
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  20. Railways plans Rs 56,955 cr spend in 5 years for signalling, telecom systems (16/06/2021 - Financial Express)
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  21. VC firm Sequoia Capital closes second seed fund at $195 million to back startups in India, Southeast Asia (25/03/2021 - Financial Express)
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  22. SpiceJet planning to start 24 new domestic flights in February (15/02/2021 - Money Works 4 Me)
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  28. Despite COVID-19 challenges, Indian Railways logs highest-ever route electrification; details (05/04/2021 - Financial Express)
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  31. China Exports to Asia (20/03/2021 - Trading Economics)
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  32. Netherlands Imports from Asia (06/03/2021 - Trading Economics)
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  34. Battlegrounds Mobile India pre-registrations open for Android users with exclusive rewards and more, here are all the details (18/05/2021 - Financial Express)
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  37. Netherlands Exports to Asia (06/03/2021 - Trading Economics)
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  38. Moderna plans to produce COVID-19 vaccine in Asia - Nikkei Asia (21/05/2021 - Seeking Alpha)

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  39. Grab (AGC) a long play, looking to hold for the next 4-5 years (14/04/2021 - Reddit Stock Market)
    Grab (AGC) Symbol: AGC Company: Grab This business dominates 8 countries in Southeast Asia: Singapore, Thailand, Vietnam, Philippines, Cambodia, Malaysia, Indonesia, Myanmar It's a combination of Uber, FedEx DoorDash, and Square in one single company (super app). Grab is used for: Passenger travel, Delivery, Food Delivery, Financial services This international company is considered a Decacorn under Wall Street standards. Meaning it's a company worth more than $10 billion going public. Grab’s long term partner: Altimeter Growth Corporation (AGC) Altimeter overview * Entrepreneur led firm dedicated to helping founders innovate and change the world * Leading mid-stage Silicon Valley (growth venture capitalist brand) * Leading late-stage, crossover investor * Deep public capital market relationships * Extensive experience in direct listings, IPOs, and SPACs Commitment to Grab * Up to $1.2 billion PIPE (private investment in public equity) investment * 3 year lock-up on sponsor promote shares Grab Mission: Drive Southeast Asia forward by creating economic empowerment for everyone Key milestones * 2012 - launch of Grab’s first service (GrabTaxi) * 2017 - more than $1B GMV (gross merchandise value) * 2018 - more than 5B GMV * 2018 - acquisition of Uber’s business in Southeast Asia * 2019 - more than $10B GMV and more than $1B adjusted net revenue * 2020 - selected for digital banking license in Singapore Product expansion * 2014 - GrabCar and GrabBike * 2015 - GrabExpress * 2016 - GrabShare * 2017 - GrabPay * 2018 - GrabFood and GrabAds * 2019 - GrabKitchen, GrabMart, GrabFinance, GrabInsure * 2020 - GrabInvest and GrabDefense Scale in Southeast Asia * $12.5B GMV in 2020 * $1.6B adjusted net revenue in 2020 * $1.9B transactions completed in 2020 * #1 in deliveries, mobility, and financial services by GMV * 400+ cities in 8 countries * 25 million monthly transacting users as of December 2020 * 5M+ registered driver partners as of December 2020 * 2 million merchant partners and 2 million+ GrabKios agents as of December 2020 Grab is the category leader with growth and profitability at scale across segments Scale * Deliveries : $5.5B 2020 GMV * Mobility : $3.2B 2020 GMV * Financial services : $8.9B 2020 TPV (total payment volume) Growth * Deliveries : 203% 2018-2020 GMV compound annual growth rate * Mobility : 37% 2020-2022 estimated GMV growth * Financial services : 2018-2020 TPV compound annual growth rate Profitability * Deliveries : 2H21 target EBITDA break-even year * Mobility : 11% EBITDA % of GMV in 4Q20 * Financial services : 30% long term EBITDA % of adjusted net revenue EBITDA (earnings before interest, taxes, depreciation, and amortization) Growing top-line $12.5B GMV in 2020 $1.6 adjusted net revenue in 2020 Projected 2023 : $34.2B GMV Projected 2023: $4.5B adjusted net revenue Improving profitability Contribution profit ($B) * 2018 (-$0.7) * 2019 (-$1.2) * 2020 ($0.1) * 2021 ($0.5) projected * 2022 ($1) projected * 2023 ($1.7) projected EBITDA ($B) * 2018 (-$1.3) * 2019 (-$2.3) * 2020 (-$0.8) * 2021 (-$0.6) projected * 2022 (-$0.2) projected * 2023 ($0.5) projected Key investment highlights * Category leadership at scale * Deeply integrated Superapp ecosystem * Proprietary and differentiated technology * World class management and shareholders Deliveries is growing rapidly, mobility is EBITDA positive at scale, financial service offers a wide range of products and services + expanding and diversifying Risk factors: Grab faces intense competition across the market it serves Has had deficiencies in net assets and incurred net losses in each year since inception and may not be able to continue to raise sufficient capital to sustain profitability Might not continue to grow at historic levels Relies largely on third-party cloud infrastructure service providers, including Amazon Web Services and Microsoft Azure (disruption of or interference with Grab’s use of their services could adversely affect business/financial condition Possibly has to compete against the future of Waymo & Tesla’s race to Level 4-5 Autonomy What will happen to ride share drivers when cars OEMs implement autonomous driving?   submitted by   /u/Ashamed-Activity-668 [link]   [comments]
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  40. Indonesia Exports to Rest of Asia (13/03/2021 - Trading Economics)
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  41. Amazon likely to partner with Dish on mobile service, Boost Mobile founder says (21/02/2021 - Seeking Alpha)

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  42. Mobile TeleSystems gains 3.5% as mobile service pulls off growth (04/03/2021 - Seeking Alpha)

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  43. Brazil Exports to Asia (08/05/2021 - Trading Economics)
    Exports to Asia in Brazil increased to 140614.40 USD Million in April from 11902.20 USD Million in March of 2021. Exports to Asia in Brazil averaged 4459.29 USD Million from 1998 until 2021, reaching an all time high of 140614.40 USD Million in April of 2021 and a record low of 325.84 USD Million in February of 2001. This page includes a chart with historical data for Brazil Exports to Asia.
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  44. MICT subsidiary secures certification to operate its smart camera product on T-Mobile’s global mobile network (26/04/2021 - Seeking Alpha)

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  45. Indonesia Imports from Rest of Asia (01/05/2021 - Trading Economics)
    Imports from Rest of Asia in Indonesia decreased to 2104.56 USD Million in February from 2304.21 USD Million in January of 2021. Imports from Rest of Asia in Indonesia averaged 2349.50 USD Million from 2014 until 2021, reaching an all time high of 8747.40 USD Million in April of 2014 and a record low of 1335.66 USD Million in May of 2020. This page includes a chart with historical data for Indonesia Imports from Rest Of Asia.
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  46. United States Imports from Asia (12/06/2021 - Trading Economics)
    Imports from Asia in the United States decreased to 98542.30 USD Million in April from 102699.03 USD Million in March of 2021. Imports from Asia in the United States averaged 48669.30 USD Million from 1985 until 2021, reaching an all time high of 107104.54 USD Million in October of 2018 and a record low of 9645 USD Million in February of 1985. This page includes a chart with historical data for the United States Imports from Asia.
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  47. Fistfights over fuel in U.S. Southeast: pipeline outage Day 6 (12/05/2021 - Investing.com)

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  48. Heritage Southeast Bancorporation reports Q1 results (22/04/2021 - Seeking Alpha)

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  49. Japan Exports to Asia And Middle East (20/03/2021 - Trading Economics)
    Exports to Asia and Middle East in Japan increased to 3529089 JPY Million in February from 3507343 JPY Million in January of 2021. Exports to Asia and Middle East in Japan averaged 3615155.73 JPY Million from 2014 until 2021, reaching an all time high of 4344841 JPY Million in December of 2017 and a record low of 2828578 JPY Million in May of 2020. This page includes a chart with historical data for Japan Exports to Asia And Middle East.
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