Grab Holdings (NASDAQ:GRAB) trades close to 52-week low; Indonesia fee move adds margin pressure
Grab Holdings (NASDAQ:GRAB) closed at $3.46—just 28 cents above its 52-week low—after Indonesia, its largest market, slashed motorcycle ride-hailing commissions to 8% from 20% starting July 1, a direct hit to margins as analysts maintain Buy ratings and targets far above current prices.