Maybank: Grab could counter Uber’s exit with its own buyback

Maybank: Grab could counter Uber’s exit with its own buyback

Mabybank Investment Bank foresees Grab could counter Uber’s exit with its own buyback as the latter’s minority stake recycle raises concern. The research house said in a note on Friday that Uber’s management comment on minority stake recycle – besides share buyback commitment – raises questions on what if Uber dilutes its stake in Grab leading to excess selling pressure. Note that, Grab’s another major holder, Softbank, diluted 8 percentage poin…