$Grab Holdings (GRAB.US)$ CGS-CIMB Research are maintaining ...

CGS-CIMB Research are maintaining "add" on Grab with a tp of UD$4.50 (SGD6.07), choosing the stock as its top pick within the Singapore point-to-point (P2P) transport sector.

CGS-CIMB sees Grab's plan to cut 1,000 jobs as a slight positive, as Grab was less aggressive in headcount management last year compared to its peers Sea and GoTo.