Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  GlobalData Plc    DATA   GB00B87ZTG26

GLOBALDATA PLC

(DATA)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

GlobalData : Malaysia becomes new battleground for Grab and Gojek, says GlobalData

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/08/2019 | 05:25am EST
08 Nov 2019
Malaysia becomes new battleground for Grab and Gojek, says GlobalData
Posted in Automotive

Following the news that Malaysia will allow motorcycle-hailing firms such as Indonesia's Gojek and local start-up Dego Ride to operate on a limited scale from January 2020;

Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view:

'It is a welcome move in Malaysia, in which ride-hailing user-penetration is nearly double than that of the overall Asia-Pacific region. The country is among key motorcycle markets in the world. The move will allow home-grown ride-hailing start-up Dego Ride to restart operations. More importantly, it paves way for Gojek's entry in to the country, where Singapore-based Grab has been enjoying a near-monopoly after the exit of Uber from Southeast Asia.

'Gojek was founded in 2010 with bike taxi e-Hailing and delivery services. Backed by investors including Alphabet Inc's Google, JD.com Inc and Tencent Holdings, the company is valued between US$9-10bn. Grab was founded in 2012 as a taxi aggregator before adding other services. After getting a big cash boost from SoftBank's massive tech fund in March 2019, the company is valued at US$14bn.

'Both describe themselves as 'super app' that is intended to be a one-stop solution for customers for their daily needs including transportation, payments, food and entertainment. While Grab has covered all bases in core e-Hailing offerings, Gojek has strong portfolio of additional services such as delivery services, home cleaning and repairs.

Image for publication: Please click here for enlarged chart

'Grab and Gojek have been competing in several markets including Indonesia, Singapore, Thailand and Vietnam. Malaysia will now be the new battleground and as a result drivers/riders as well as customers will benefit from the competition. In addition, the introduction of the new segment will increase the size of the ride-hailing market.

'Over the next six months, bike e-Hailing companies will be able to start limited operations and test the demand. Legalization and uptake of bike taxi e-Hailing will help Malaysia in its efforts towards strengthening the overall ecosystem of public transportation as bike e-Hailing is effective in offering first and last mile connectivity.'

Disclaimer

GlobalData plc published this content on 08 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2019 10:24:01 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GLOBALDATA PLC
01:16aGLOBALDATA : Asia set to drive global acetone capacity additions by 2023, says G..
PU
11/20GLOBALDATA : US signs the highest long-term LNG export contract volumes globally..
PU
11/20Retailers Split on Outlook for Holiday Sales -- WSJ
DJ
11/19Retailer Results Send Mixed Signals on Consumer Spending
DJ
11/13GLOBALDATA : China houses five of top ten mega capacity coal power plants global..
PU
11/12GLOBALDATA : Citi leads GlobalData's top 10 global M&A financial advisers league..
PU
11/12GLOBALDATA : Haynesville Shale expected to play crucial role in meeting future n..
PU
11/12GLOBALDATA : Europe's tourism & leisure industry sees a rise of 5.05% in deal ac..
AQ
11/12GLOBALDATA : Citi tops GlobalData's top 10 global M&A financial advisers league ..
AQ
11/12GLOBALDATA : North America remains epicenter of global VC funding activity durin..
AQ
More news
Financials (GBP)
Sales 2019 177 M
EBIT 2019 40,1 M
Net income 2019 15,0 M
Debt 2019 50,1 M
Yield 2019 1,26%
P/E ratio 2019 95,1x
P/E ratio 2020 59,7x
EV / Sales2019 7,45x
EV / Sales2020 6,97x
Capitalization 1 268 M
Chart GLOBALDATA PLC
Duration : Period :
GlobalData Plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GLOBALDATA PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 2
Average target price 920,00  GBp
Last Close Price 1 075,00  GBp
Spread / Highest target -14,4%
Spread / Average Target -14,4%
Spread / Lowest Target -14,4%
EPS Revisions
Managers
NameTitle
Michael Thomas Danson Chief Executive Officer & Director
Bernard Anthony Cragg Chairman
Graham Charles Lilley Chief Financial Officer, Secretary & Director
Peter Martin Harkness Independent Non-Executive Director
Murray Legg Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
GLOBALDATA PLC82.98%1 638
S&P GLOBAL INC.57.63%65 467
RELX14.14%46 787
THOMSON REUTERS CORPORATION43.97%35 876
WOLTERS KLUWER24.43%19 310
EQUIFAX INC.51.77%17 114