GRAB is acquiring FoodPanda’s Taiwan delivery business from Delivery Hero for $600M in cash, a deal expected to close in H2 2026 that adds approximately 12% to GRAB's GMV. The sentiment is bullish for the long term, noting that GRAB is getting a 50% discount compared to a previous $1.25B bid by UBER while utilizing its $6B cash pile for profitable expansion. Despite being viewed as intrinsically undervalued with 20% topline growth guidance, the author notes short-term headwinds for the stock due to rising oil prices.