gahsoon Recap In our latest article on Grab (NASDAQ:NASDAQ:GRAB), we wrote that Delivery Gross Merchandise Value ("GMV") growth would be under pressure because of the pull-forward demand in the food delivery service. However, the positive sides were Mobility returning to pre-COVID levels, lower incentives as players pursue profitability over growth, and rapidly growing Fintech and high-margin Advertising businesses. Our fair value estimate of Grab was $3.6 per share, derived from the sum-of-the-parts (" ...