Grab Says It's Not in Talks to Buy GoTo ‘at This Time'

Grab Holdings Ltd. said it isn't in talks to acquire Southeast Asia internet peer GoTo Group 'at this time,' signaling it's halting or at least pausing a planned $7 billion acquisition of its Southeast Asia internet peer.
'The parties are not involved in any discussions at this time and Grab has not entered into any definitive agreements,' Grab said in a statement Monday. 'Indonesia continues to be an important country in serving our mission as we continue to outserve our Indonesian customers, driver- and merchant-partners.'

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This Global REIT Is Riding Asia's AI Wave Straight to the Bank

Equinix's AI-ready Jakarta facility establishes critical infrastructure ahead of competitors in Indonesia's digital boom. Operating 270 data centers globally with 98% customer retention, Equinix demonstrates remarkable stability in the digital infrastructure space. Despite heavy modernization investments, Equinix maintains financial strength with nearly $3 billion in cash and $7.6 billion in available liquidity. 10 stocks we like better than Equinix › Equinix (NASDAQ: EQIX) is a powerhouse in digital infrastructure and part of a new class of innovative real estate investment trusts (REITs) laying the groundwork to become the future of real estate investing. It has a strong history of capitalizing on international technology trends that traditional REITs can't match. With a strategic expansion in Indonesia, Equinix is positioning itself for explosive growth, and Wall Street is beginning to take notice. Asia is becoming the global epicenter of digital demand, and Indonesia is leading the charge. It's attracting major investments in cloud computing, artificial intelligence (AI), and fintech. By entering the market early and scaling aggressively, Equinix is developing a strategic advantage that will be tough for competitors to match. Indonesia's data center market is projected to grow at a compound annual growth rate (CAGR) of 8% to $3.79 billion through 2030. Cloud giants like Amazon Web Services and Alphabet's Google Cloud have already announced major investments, but their platforms need physical infrastructure to function. That's what makes Equinix's expansion into Jakarta so strategic. Its newly opened data center is no ordinary server farm. Built to support intensive computing tasks like training and running AI systems, Equinix is creating the critical backbone necessary for digital business growth in Indonesia. This could make Equinix one of tech's most valuable players. The average analyst price target sees Equinix at $1,009, 10% percent higher than it currently sits, a nod to its forward-looking strategy and savvy market expansion. In addition to its Indonesian assets, Equinix operates 270 data centers across five continents and 35 countries. It has a great track record with its customers, retaining 98% of them. As of Q1 2025, Equinix reported over $2.1 billion in annual adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). This strong combination of global scale, customer loyalty, and reliable earnings is exactly what sets the stage for Equinix's move into Jakarta to be a success. While it's not the highest-dividend REIT, Equinix pays investors 2% annually. But considering its growth trajectory looks more like a tech company than a traditional REIT, that's not too bad. Equinix does face potential pressures though. Their total capital expenditures for 2025 are projected between $3.4 billion and $3.7 billion, with non-recurring expenditures accounting for around 95% of that. This significant investment is partly due to the need to modernize legacy data centers to meet new levels of demand. While these upgrades are essential, they represent a substantial financial commitment that could impact short-term profitability. That said, Equinix ended Q1 2025 with roughly $2.95 billion in cash and cash equivalents and an ample $7.6 billion in total available liquidity. The balance sheet looks sturdy enough to fund expansion without putting shareholders at undue risk. Geopolitical tensions are also on the periphery of investor concerns. As Equinix operates globally, it must navigate regulatory, monetary, and political risks in emerging markets. But these risks appear to be well managed by the company's leadership, and its long-term leases, high renewal rates, and diversified customer base provide stability. Some investors still think REITs are too risky and don't deliver enough value. Those perceptions are often based on underperforming traditional sectors like retail or office space. That's where tech-powered REITs like Equinix come in. Gone are the days when investing in real estate meant buying a piece of something on the ground. Now you're buying into the cloud. Even in comparison to peers like Digital Realty, Equinix still stands out. It has a stronger international footprint, a more premium client base, and better historical uptime. If you're looking for a REIT that combines growth potential with resilience in the digital age, Equinix is arguably a top-tier pick. AI is only as powerful as the infrastructure behind it, and Equinix is building the digital backbone on which the future will run. Jakarta may just be one dot on the map, but it signals Equinix is putting itself at the forefront of the global shift. With recurring revenue, global scale, and a pioneering foothold in high-growth markets like Indonesia, this REIT could quietly become one of the most important tech stocks of the next decade. Investors looking to profit from AI's global expansion without the volatility of pure-play tech stocks may want to give Equinix a closer look. It might not be a flashy choice, but it's in a solid state and could be the smartest upgrade your portfolio makes this year. Before you buy stock in Equinix, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Equinix wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $664,089!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $881,731!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Philippa Main has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Digital Realty Trust, and Equinix. The Motley Fool has a disclosure policy. This Global REIT Is Riding Asia's AI Wave Straight to the Bank was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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3 hours ago

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DA Davidson Sees Over 50% Upside in Mayville Engineering Company, Inc. (MEC)

Mayville Engineering Company, Inc. (NYSE:MEC) is among the best small company stocks to invest in. On Tuesday, analysts at DA Davidson began coverage of Mayville Engineering Company, Inc. (NYSE:MEC) with a Buy rating and a price target of $23.00, reflecting a potential upside of over 50% from the current levels. This optimism is attributed to the company's strong footing in the fabricating truck and machinery components market. As the financial services firm highlighted, Mayville Engineering Company, Inc. (NYSE:MEC) has positioned itself as the 'clear leader in its industry.' From the latest acquisitions to the implementation of an updated business model, this small-cap company is clearly winning over investor confidence. A close-up of a heavy-duty machining tool forming a steel component. Just recently, Mayville Engineering Company, Inc. (NYSE:MEC) announced the acquisition of Accu-Fab from Tide Rock Holdings worth $140.5 million. While the transaction will be completed during the third quarter, Mayville Engineering has already begun to diversify its portfolio and enter high-growth end markets. Mayville Engineering Company, Inc. (NYSE:MEC) is a Wisconsin-based manufacturing partner providing a range of services, including designing, developing, and assembling. The company provides engineered components to original equipment manufacturers. Founded in 1945, the giant serves a diverse end market, mainly duty commercial vehicles, agriculture, power sports, and military. While we acknowledge the potential of MEC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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Vietnam, US hold negotiations on new trade deal, ministry says

HANOI (Reuters) -Vietnam and the United States held an online round of negotiations on a new trade deal on Thursday night, the Ministry of Industry and Trade said on Friday. During the negotiations with U.S. Secretary of Commerce Howard Lutnick and Trade Representative Jamieson Greer, Vietnamese trade minister Nguyen Hong Dien asked the U.S. to review "reciprocal tariffs" and market access for Vietnam's key exports, the ministry said in a statement. The Southeast Asian industrial hub has held several rounds of negotiations with the U.S. to strike a deal that would allow Vietnamese goods to avoid a 46% tariff rate, imposed largely as a result of its big trade surplus with Washington. "The negotiation round was conducted in a candid, friendly and constructive manner," the ministry said. Minister Dien also welcomed proposals from Lutnick and Greer during their talks, the ministry added without elaborating. Dien said Vietnam wants to develop with the U.S. a set of practical and harmonious rules of origin of goods that is in line with global supply chains, according to the statement.