Yes that 638 lots just being added into the RSS total volume as seen

http://mymall.netbuilder.com.my/index.php?domain=remisiers&doit=showclass&cid=470

Proprietary Day Trader is a holder of a dealer?s representative license who is registered as a Proprietary Day Trader under Bursa Malaysia. Many also refer the activities as Proprietary Day Trading (PDT).

Salient Features:
The main purpose is for Day Trading.
Cannot trade Mesdaq stocks(Ace Market stocks).
Launched by Bursa Malaysia in early 2007.
They can short sell.
Proprietary Day Trader cannot have clients
Shall not be a holder of a futures broker?s representative license.
Shall close off any Sell positions on T day.
Shall close off any Buy positions not later than T +2.
I heard most brokers give about 10 times multiple on the cash security deposit.
Profit earned is normally shared, about 60% to broker.
Have to bear 100% loss.

What are the main benefits of becoming a Proprietary Day Trader?
No brokerage.
Very easy to make profit because normally one bid can easily make profit.
Can shortsell.


What are the Disadvantages of Proprietary Day Trader?
Cannot have clients.
Cannot trade Mesdaq/ Ace market securities.
Profit need to share with broker.
Risky if skill is not good.
If shortsell, and then the stock get suspended, then cannot buy back the same day and will subject to buyin.



Extracted from http://politemarket.blogspot.com/

At the time of speaking on this, RSS just done by someone bringing it to touch 0.365...it usually initiated with 638 lots as start

Been observing its price movements for weeks. There are price manipulations done through RSS

I think the upcoming quarter result which is due this month should be good so perhaps the result will lift up the share price later or earlier (market expectation)

Actually they should just ban RSS and others. It's just their excuses so that they can make money but this is eroding the confidence of shareholders. Traders would embrace it but I don't think shareholders would unless wanting to accumulate at cheaper price.

The CEO Teong is very bullish every time they interviewed him whereby he even increasing his stakes to 39.057%

Covid patients who refuse vaccinations are not only endangering others but also exhausting the medical resources and care

Of course everything takes time. Plant a seed also have to wait for it to sprout first...just the same as when u investing. If u are infected with covid & cough like shit inside the hospital, u think that u won't take the vaccinations? The medical personnel will insist that u take the jab once u are admitted. Just a logical idea of what it is

The latest result has spoken and the outlook is very promising

apple168, don't tell me that u don't want a vaccine jab when u infected with covid and cough like shit in the hospital. Vaccinations will save lives and improve whatever the world is facing. Be sensible in real life and your investing journey

Vaccinations start in March onwards so be prepared for recovery theme

https://www.thestar.com.my/business/business-news/2021/01/30/digitalisation-a-game-changer-for-gdex

Hi all, the above is today's news not old news. GDEX's CEO has spoken and revealed what is coming up next. Please spare some time to read what to expect from GDEX. I'm confident that the share price will be rallying anytime soon so be prepared.

Digitalisation a game changer for GDEX

Saturday, 30 Jan 2021

THE rapid shift in both consumer behaviour and the digitalisation of businesses has not only spiked demand for delivery services but also nudged the latter to evolve.

Courier companies, at least those that are competitive, are fast seeking ways to make their deliveries faster, safer and more reliable. GDEX Bhd lays claim to being one of the first courier companies to tap into the e-commerce boom, way before the current coronavirus pandemic began.

It has created myGDEX, an online shipping platform and a cloud-based call centre as well as an interactive voice response (IVR) support system. GDEX had also developed platforms such as deKat, a social commerce supply chain platform for small and medium enterprises (SMEs) and a last-mile delivery platform (KITA) targeted at that segment too.

GDEX managing director and group CEO Teong Teck Lean (pic below) expects the boom in e-commerce to continue, driven by migration of businesses from offline to online, especially in the business-to-business (B2B) segment. This will continue to be the driver for GDEX’s parcel volume growth, moving forward.

“Our digital initiatives will make Gdex more cost-efficient without compromising on service quality. Gdex will come out with more product offerings and expand into new revenue streams, ” he tells StarBizWeek.The new platforms such myGDEX would not only strengthen the group’s operations but will also allow GDEX to tap into the business-to-consumer (B2C) and consumer-to-consumer (C2C) segments, Teong points out.

“While the B2B segment is the company’s bread and butter, we foresee B2C and C2C to register higher growth as compared to the B2B segment. “We also plan to grow our warehouse fulfilment business, which offers customised end-to-end solutions. “We will continue to develop new products to cater for new trends, especially in the social commerce space, ” Teong says.

In December, GDEX partnered with Tasco Bhd to create a comprehensive logistics service as both companies have different strengths. Both companies have signed a non-binding memorandum of understanding (MoU) to finalise this plan. Tasco will be given the priority to leverage GDEX’s last-mile fulfilment capabilities, while GDEX can tap into Tasco’s international logistics network as well as its local cold supply chain infrastructure and convenience retail logistics network.

Interestingly, Tasco, which is a leading cold-chain logistics player, has said that it is ready to support the local distribution of Covid-19 vaccines. When asked if GDEX sees a potential collaboration with Tasco for vaccine logistics, Teong says: “We are open to that if the opportunity arises. With our extensive network and system in place, we believe we can assist the government in distributing the vaccines provided that the packages meet our delivery requirements.” GDEX currently handles the transporting of time-sensitive medical samples for chains of hospitals and clinics.

Teong says that for this year, GDEX has allocated between RM20mil and RM30mil to upgrade the facilities at its hubs and for IT development. Both Tasco and GDEX have companies from Japan as their major shareholders. Tasco is a 55.38%-owned subsidiary of Japan’s Yusen Logistics Co Ltd, while Japan-based express delivery giant Yamato Holdings Co Ltd holds a 22.83% stake in GDEX.

The collaboration with Tasco could also help GDEX face the massive competition in the delivery segment, which has led to price wars. To date, there are 110 licensed courier companies in the country. However, the Malaysian Communications and Multimedia Commission has recently announced a two-year freeze on the issuance of new courier service licences. GDEX is in a net cash position of close to RM80mil, with almost zero borrowings.

For the first quarter ended Sept 30,2020, GDEX posted a 51% rise in net profit to RM7.2mil from RM4.8mil a year earlier due to increasing demand from online business activities. Its logistics and warehousing services also did well. The group also attributed the growth to its operational efficiencies as a result of the digitalisation of internal systems and processes.

Teong expects the e-commerce industry to continue growing post-pandemic and that the company’s digital initiatives will make GDEX more cost-efficient without compromising on its service quality. “We aim to become known as a digital company, ” he says.

‘Couriers and postmen should also get vaccination priority’

Despite the challenges, Teong expects the volume of last-mile and courier delivery to remain high as more companies move their business online.

https://www.thestar.com.my/news/nation/2021/01/29/couriers-and-postmen-should-also-get-vaccination-priority

Anytime will be pushed up

Just like gamestop fiasco the retail investor traders killing those who shorting it. Gdex will be pushed higher eventually because fundamental is strong

In my opinion Gdex has more room to go up than Tasco. You see chart & price of Tasco has gone up sky high but Gdex still lagging so make wise choice

Talked to staffs on the ground which they said parcel deliveries increased more than ever. The upcoming quarter result should be good & since CEO mentioned Gdex eyeing vaccine distribution jobs while partnering with Tasco, that should boost revenues further upwards to the existing record revenues as reported in previous quarter.

Teong also sees potential collaboration with Tasco in the area of transporting Covid-19 vaccines to distribution centres across the country. “On our part, we can offer over 10 years of experience in delivering time-sensitive medical test products for clinics and laboratories.”

GDEX is allocating about RM30 million to capital expenditure in the current financial year ending June 30, 2021 (FY2021), to buy new vehicles in addition to its current 1,300, as well as on digital initiatives to remain relevant.

https://www.theedgemarkets.com/article/tasco-gdex-partnership-winwin-say-senior-executives

Holding up quite well so far as long as it's above 5.80

Less passenger volume nvm & though outlook for AA being cautious but it could still carrying payload using planes. AirAsia is converting a lot of aircraft into cargo planes to supplement the passenger business. Logistic will be big winner in 2021 so stay invested

Industrial and logistic sectors to be top performers in 2021 — Savills Malaysia

https://www.theedgemarkets.com/article/industrial-and-logistic-sectors-be-top-performers-2021-%E2%80%94-savills-malaysia

MCO rules for logistics and parcel hailing services

https://www.thestar.com.my/news/nation/2021/01/14/mco-rules-for-logistics-and-parcel-hailing-services

Thus far, only GDEX is looking outwards to expand. After investing in Singapore, Indonesia and Vietnam, it is eyeing Thailand and the Philippines as potential new markets.

GDEX can be Malaysia’s flag bearer for cross-border complete door-to-door logistics provision, but will other local logistics players follow in its footsteps and venture outside to remain relevant and competitive in the industry?

https://www.theedgemarkets.com/article/surviving-impact-covid19-unexpected-catalyst-logistics-competition-heating

MCO to start this midnight and today Agong consented state of emergency nationwide...this is just the beginning for Gdex. Hold tight for the bull run

Teong also sees potential collaboration with Tasco in the area of transporting Covid-19 vaccines to distribution centres across the country. “On our part, we can offer over 10 years of experience in delivering time-sensitive medical test products for clinics and laboratories.”

GDEX is allocating about RM30 million to capital expenditure in the current financial year ending June 30, 2021 (FY2021), to buy new vehicles in addition to its current 1,300, as well as on digital initiatives to remain relevant.

With MCO invoked and Agong consented state of emergency nationwide, be prepared for any surprises limit up anytime any day now. Last year November was spiking up. With MCO in place the e-commerce online purchases are expected to be surging. Best is yet to come because Gdex signed MOU with Tasco targeting vaccine distribution. See below

Tasco, GDEX partnership a ‘win-win’, say senior executives

https://www.theedgemarkets.com/article/tasco-gdex-partnership-winwin-say-senior-executives

Gdex partnership with Tasco's utilizing its cold storage infrastructure is to target vaccine distribution. Could have good announcements coming soon

This new year 2021 already. Be nice to one another...positive energy pls

“We have the expertise in this area as we are one of the leading cold-chain logistics players in Malaysia. Within the Yusen group, we also have some existing members whom we can call upon to give their expertise, like our Yusen counterparts in the UK and Europe. Already, Yusen is transporting pharmaceutical products and vaccines by air freight from the UK to other countries including Malaysia for AstraZeneca. In Malaysia, we are handling the air freight clearance and local delivery to the designated warehouse for AstraZeneca.

“Also, healthcare logistics is one of the industry verticals that we are targeting and we have secured some new healthcare clients this year,” he adds.

Tasco, which has seen profits slide in the past four financial years, expects to resume its growth trajectory in the financial year ending March 31, 2021 (FY2021), as investments made three years ago start to bear fruit. In 1HFY2021, net profit jumped 2.5 times to RM13.34 million from RM5.39 million a year ago, while revenue rose 10% y-o-y to RM408.02 million.

“Despite the challenges posed by the pandemic and also partly due to the pandemic, certain parts of our business grew while certain parts didn’t grow as much but overall, our revenue and profits grew substantially compared with the previous year. Going into FY2021, we will continue [our initiatives] and climb new mountains. We are quite bullish about the prospects going forward,” says Tan.

Tasco’s share price has risen 133% year to date to close at RM2.80 last Thursday (Dec 17), giving the company a market capitalisation of RM560 million. GDEX shares, meanwhile, have surged 50% in the same period to settle at 40.5 sen, valuing the company at RM2.28 billion.

Tasco, GDEX partnership a ‘win-win’, say senior executives

https://www.theedgemarkets.com/article/tasco-gdex-partnership-winwin-say-senior-executives

TOTAL logistics solution provider Tasco Bhd was on the lookout for a partner in the last-mile logistics market and found it in GD Express Carrier Bhd (GDEX). Together, they will now look for ways to share resources and jointly bid for projects that will tap the capabilities of both companies, says Tasco deputy group CEO Tan Kim Yong.

He notes that Tasco has no intention at the moment to enter the last-mile logistics market, given the competitive landscape. “We have been clear that we think working with existing [express delivery] players such as GDEX would be the best way,” Tan tells The Edge. The Malaysian Communications and Multimedia Commission recently announced a two-year freeze on the issuance of new courier service licences in an already-crowded market with more than 110 players.

On Dec 8, Tasco and GDEX had entered into a non-binding memorandum of understanding (MoU) to lay the groundwork for more comprehensive cooperation ahead. Under the MoU, Tasco will be given priority to leverage GDEX’s last-mile fulfilment capabilities, while GDEX can tap Tasco’s international logistics network as well as its local cold supply chain infrastructure and convenience retail logistics network. Tasco is a 55.38%-owned subsidiary of Japan’s Yusen Logistics Co Ltd, while Japan-based express delivery giant Yamato Holdings Co Ltd holds a 22.83% stake in GDEX.

Tan sees potential integration between Tasco’s fulfilment solutions ­offering, ­e-Tower, and GDEX’s online shipping platform, myGDEX, which will enable Tasco to focus on the inventory, warehousing and packaging for customers while GDEX will handle the last-mile delivery of goods to the end user.

Still, as the two companies are still exploring potential areas of cooperation, Tan says it is still premature to estimate any earnings contribution from this collaboration.

“For us, it is based on opportunities. Thus, it is a bit difficult to determine its contribution right now. We are looking [at this collaboration] as a bonus/add-on to our existing business,” he says, adding that Tasco and GDEX will be equal partners.

GDEX managing director and group CEO Teong Teck Lean concurs, describing the collaboration as a “win-win” from a synergy standpoint. “The collaboration will drive higher utilisation of assets for both companies without investing extra.”

Teong also sees potential collaboration with Tasco in the area of transporting Covid-19 vaccines to distribution centres across the country. “On our part, we can offer over 10 years of experience in delivering time-sensitive medical test products for clinics and laboratories.”

GDEX is allocating about RM30 million to capital expenditure in the current financial year ending June 30, 2021 (FY2021), to buy new vehicles in addition to its current 1,300, as well as on digital initiatives to remain relevant.

“We are looking to speed up adoption of digital technologies to make our platform much more seamless and increase its speed as more volume comes in. We also plan to set up an R&D centre to look into big data analytics in order to improve our systems,” Teong says, adding that the group’s digital efforts are not only confined to Malaysia but Asean as well.

“We want to connect our systems with that of our affiliates and subsidiaries in other countries such as Vietnam and Singapore. As such, we have to relook at our ecosystem — how we can grow faster and create more products to help companies sell their products through social media.”

GDEX started its new financial year on a positive footing, with net profit up 51.5% to RM7.19 million in 1QFY2021 compared with RM4.76 million in 1QFY2020. Revenue rose 30.8% year on year (y-o-y) to RM108.61 million.

While 2QFY2021 has been challenging operationally due to the Conditional Movement Control Order, which has led to some workers being quarantined once they travel to high-risk areas, Teong says the group is “still doing okay”.

In FY2021, he sees earnings contributions coming from the Malaysia and Vietnam markets. “We are looking to expand our regional footprint to the Philippines and Thailand, but things have slowed down somewhat due to the pandemic, although it won’t stop us. That’s because a lot of this requires interactions, seeing the place and spending time with existing and potential partners.”

Meanwhile, Tan says Tasco, which is spending RM400 million over the next five years to support its long-term logistics capacity needs, is ready to support the local distribution of the Covid-19 vaccines.

Shares Buy Back
18-Dec: 1,000,000 @ 0.405
22-Dec: 1,324,900 @ 0.390
29-Dec: 1,000,000 @ 0.405-0.410

Cumulative net outstanding treasury shares as at to-date (units): 10,916,300

https://malaysiastock.biz/Company-Announcement.aspx?id=1284746

GDEX's founder boss TEONG TECK LEAN bought 2,000,000 shares @ RM 0.405 in the open market. He increased his stakes and now holds 39.057% shareholding of GDEX

https://malaysiastock.biz/Company-Announcement.aspx?id=1283758

Shares Buy Back
18-Dec: 1,000,000 @ 0.405
22-Dec: 1,324,900 @ 0.390

Cumulative net outstanding treasury shares as at to-date (units): 9,916,300

https://malaysiastock.biz/Company-Announcement.aspx?id=1283492

The 8-for-1 warrants are FREE to shareholders and automatically credited into your account. See

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3113052

GDEX - Notice of Bonus Entitlement
GD EXPRESS CARRIER BERHAD

Issuance of up to 705,176,354 free warrants in GD Express Carrier Bhd ("GDEX") ("Warrants C") on the basis of one (1) Warrant C for every eight (8) existing ordinary shares in GDEX held as at 5.00 p.m. on 30 December 2020 ("Entitlement Date")


Kindly be advised of the following :

1) The above Company’s securities will be traded and quoted “[Ex-Bonus Issue]” as from: 29 Dec 2020
2) The last date of lodgment : 30 Dec 2020



Remarks :
The Warrants C will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") within two (2) market days after the submission of the application for the quotation of the Warrants C to Bursa Securities.



The notices of allotment will be issued and dispatched to all entitled shareholders of GDEX within eight (8) market days from the Entitlement Date.

Investor787, bonus issue (free warrant-c) is 8:1 and div is 0.002

If buy a GDEX share at 0.400 means u get 0.05 worth in free warrant-c (0.40/8 = 0.05) plus 0.002 dividend

So 0.052/0.400 = 13% ROI to shareholder at RM 0.400 a share

After u received the free warrant-c, u can convert each warrant into GDEX share by exercising it at RM0.45 a piece. See below

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3112823

We refer to the Company’s announcements dated 21 October 2020, 30 October 2020, 6 November 2020 and 3 December 2020 in relation to the Free Warrants Issue. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements.

On behalf of the Board, RHB Investment Bank Berhad wishes to announce that the exercise price for the Warrants C has been fixed on 10 December 2020 at RM0.45 per Warrant C, representing a premium of RM0.01 or approximately 2.27% to the five (5)-day VWAMP of GDEX Shares up to and including 9 December 2020, being the last market day immediately preceding the price-fixing date, of RM0.44 per GDEX Share.

In addition, GDEX had on 10 December 2020 executed the deed poll constituting the Warrants C.

This announcement is dated 10 December 2020.

Budget 2021 passed at committee stage after Opposition's attempt at bloc vote fails

https://www.thestar.com.my/news/nation/2020/12/15/budget-2021-passed-at-committee-stage-after-opposition039s-attempt-at-bloc-vote-fails

1 FREE warrant for every 8 GDEX shares

Issuance of up to 705,176,354 free warrants in GD Express Carrier Bhd ("GDEX") ("Warrants C") on the basis of one (1) Warrant C for every eight (8) existing ordinary shares in GDEX held as at 5.00 p.m. on 30 December 2020 ("Entitlement Date")

Ex-Date 29 Dec 2020
Entitlement date 30 Dec 2020

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3112858


On behalf of the Board, RHB Investment Bank Berhad wishes to announce that the exercise price for the Warrants C has been fixed on 10 December 2020 at RM0.45 per Warrant C, representing a premium of RM0.01 or approximately 2.27% to the five (5)-day VWAMP of GDEX Shares up to and including 9 December 2020, being the last market day immediately preceding the price-fixing date, of RM0.44 per GDEX Share.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3112823

GDEX adopts Nutanix Hybrid Cloud to boost e-commerce biz

https://www.theedgemarkets.com/article/gdex-adopts-nutanix-hybrid-cloud-boost-ecommerce-biz

KUALA LUMPUR (Dec 3): Bursa Malaysia-listed logistics and express carrier provider GD Express Carrier Bhd (GDEX) has adopted Nutanix Hybrid Cloud to keep pace with fast-changing demands in e-commerce.

In a statement today, Nasdaq-listed cloud software and hyperconverged infrastructure solutions provider Nutanix Inc said since implementation, the technology upgrade has helped GDEX achieve a threefold increase in business transactions.

It said e-commerce is set to play a catalyst role in Malaysia’s post-pandemic recovery, explaining that the Malaysia Digital Economy Corporation expects a 20% growth in e-commerce contribution to the digital economy in 2020, reaching as high as RM170 billion.

This presents a business opportunity for GDEX’s business-to-consumer (B2C) operations, which have tripled in transactions in the last three years and represent 35% of the overall business, it said.

Nutanix said to continue on this growth path, GDEX needed to ensure compliance with service level agreements.

It said prior to adopting the Nutanix solution, GDEX was already managing up to 180,000 consignments a day, and each of these passed through multiple shipment tracking points before reaching its destination.

The tracking points generate data that offers visibility on the shipment status, creating a myriad of records that needed to be processed and stored efficiently.

GDEX managing director and group chief executive officer Teong Teck Lean said the logistics industry is fast changing, and the pandemic has made the business landscape even more challenging to navigate.

“As a customer-focused and technology-driven company, we partnered with Nutanix to ensure that we are always ready to adapt to changes in customer and market demands,” he said.

Teong said the company has since put in place three Nutanix clusters and migrated all its core applications for governing shipments to the Nutanix Enterprise Cloud platform.

Using the Nutanix AOS and Nutanix Prism Pro, the company’s IT team now manages server, storage and networking resources through a single pane of glass.

Meanwhile, GDEX special project advisor Charles Ong said that after comparing its legacy infrastructure with Nutanix’s hyperconverged private cloud where software managed everything, it is clear that the latter will give the rapid scalability the group needs, to support fluctuating volumes at a lower cost.

“E-commerce is both a great business opportunity and a great IT challenge for logistics companies such as ours. Nutanix’s platform is incredibly elastic, enabling us to scale quickly and efficiently, without compromising our service and costs.

“We would not have achieved this success if we continued with our legacy infrastructure. The cost of scaling and management would have eaten into our margins, but with Nutanix, we are able to sustain and scale our operations to consistently meet customer and market demands,” Ong said.

Nutanix Malaysia country manager Avinash Gowda said as Malaysia’s digital economy continues to advance, a new generation of digital consumers has emerged and driven the growth of e-commerce.

“Nutanix has been supporting businesses like GDEX in accelerating their digital transformation, enabling them to scale and meet evolving consumer demands.

“We are pleased to have empowered GDEX with a modern IT infrastructure that allows them to take their business to greater heights,” he said.

Established in 1997, GDEX operates a network of 425 stations, comprising 99 branches, 64 agents, 11 lodge-in centres and 251 reseller agencies, across Malaysia and Singapore.

GDEX’s long term industry prospect remains bright

https://www.theborneopost.com/2020/11/30/gdexs-long-term-industry-prospect-remains-bright/

GDEX’s long term industry prospect remains bright, analysts opine, particularly as online shopping continues to grow with potential to rival the size and scale of brick-and-mortar retailers in Malaysia.

KUCHING: GD Express Carrier Bhd’s (GDEX) long term industry prospect remains bright, analysts opine, particularly as online shopping continues to grow with potential to rival the size and scale of brick-and-mortar retailers in Malaysia.

With more consumers incorporating online purchases as part of their shopping habit, the research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) believed that the industry in on track for expansion.

“This in turn will bode well for logistics players as increasing demand will contribute positively to GDEX’s financial performance,” MIDF Research said.

“Furthermore, our view is that online shopping is here to stay and will continue to grow with potential to rival the size and scale of brick and mortar retailers in Malaysia.”

On another note, MIDF Research recalled that GDEX’s wholly owned subsidiary GDSB received an approval letter from the Malaysian Investment Development Authority (MIDA) for the second round of tax incentive.

“This is to carry out Integrated Logistics Services (ILS) activities as an expansion project and e-commerce or e-fulfilment diversity project.

“The tax incentive is one of the initiatives introduced by the Government to enhance the capabilities of logistics services providers, in line with The Logistics and Trade Facilitation Masterplan, introduced by Ministry of Transportation back in 2015.

“At this juncture, the management has yet to quantify the expected amount of tax saving from the incentive as the details are still pending disclosures and negotiation with MIDA.”

Earlier on, MIDF Research had estimated and assessed the potential savings from the incentive.

To reiterate, the research arm estimated the tax impact to uplift the financial year 2022-2023 forecast (FY22F-FY23F) earnings by 10.9 per cent and 9.7 per cent.

This was derived by estimating tax exemption at 70 per cent statutory income (MIDF Research used profit before tax (PBT) as statutory income approximation) and multiplied it with corporate tax rate at 24 per cent, per the research arm’s assumption.

“However, this estimate remains subjected to further disclosure from the management.”

Overall, MIDF Research gathered that GDEX’s lean balance sheet with a net cash position of above RM150 million has supported the group’s various expansion plans.

“This includes the acquisition of a 44.5 per cent stake in PT SAP Express, and the acquisition of 55 per cent stake in a Vietnamese company.

“Meanwhile, valuation remains stretched at a 12-month trailing price-to-earnings ratio of 126.5-fold compared to the average industry of approximately 24.5-fold.”

The research arm believed that other non-listed players such as Ninja Van and J&T will remain as a threat in the next two to three years as these companies continue to aggressively grabbing market share.

“Furthermore, despite our positivity on the impact of the tax scheme, we maintain our call on the company.

“This is premised on the recent price surge that we deemed has accounted for the tax scheme.”

All factors considered, MIDF Research maintained its ‘neutral’ stance on GDEX at this juncture.

AirAsia Is Offering RM50 e-Vouchers To Cuti-Cuti Malaysia

GDEX expansion to create over 1,000 jobs

https://www.thestar.com.my/business/business-news/2020/11/26/gdex-expansion-to-create-over-1000-jobs

PETALING JAYA: GD Express Carrier Bhd (GDEX), via wholly owned subsidiary GD Express Sdn Bhd (GDSB), is expanding its warehouses, distribution centres and transportation fleet to cater to the huge increase in order volumes following the boom in the e-commerce market.

The expansion will create more than 1,000 jobs for Malaysians, Malaysian Investment Development Authority (Mida) said in a statement.

GDEX has been developing information technology (IT) solutions to support e-commerce activities such as myGDEX.

It is an online shipping platform; cloud-based call centre and interactive voice response (IVR) support to allow companies to deploy call centres in Malaysia.

It also includes the GDEX mobile app which enables couriers to update the status of pick-up and delivery on a real-time basis; e-wallet payment acceptance and GDEX e-commerce integration with online stores such as WOO Commerce, Magento, opencart, NET SHOP, payex and unicart.

GDEX expansion, diversification accelerates domestic e-commerce logistics growth

https://www.nst.com.my/business/2020/11/644347/gdex-expansion-diversification-accelerates-domestic-e-commerce-logistics

KUALA LUMPUR: GD Express Carrier Bhd (GDEX), through its wholly-owned subsidiary GD Express Sdn Bhd (GDSB), announced the expansion of its warehouses, distribution centres and transportation fleet to cater to the increase in order volumes following to the booming of Malaysia's e-commerce market.

The project which commenced on 1 November 2020 is expected to create more than 1,000 employment opportunities for Malaysians.

Further expanding the existing capacity, GDEX also intends to diversify its information technology (IT) infrastructure systems to efficiently support its operation in the regions for the next five years.

Malaysian Investment Development Authority (MIDA) chief executive officer Datuk Azman Mahmud said e-commerce has been the fastest growing sector in the global trade landscape and assumed to be an integral component in enabling the growth of supply chain industry.

"While Malaysia continues to create a pro-business environment, GDEX expansion and diversification will complement the logistical infrastructure in providing seamless and reliable services to e-commerce and e-fulfilment activities," he said in a statement.

This novel system will include the future use of social commerce supply chain (DeKAT) to extend the logistics services and create a seamless supply chain facility to the small and medium-sized enterprises (SME), social entrepreneurs and fulfilment houses, last mile delivery platform (KITA) an efficient hybrid model to provide 5,000 sustainable gig economy opportunities and fleet operation as well as maintenance platform and system or R'MADA to increase productivity and efficiency of fleet management.

Since its inception in March 1996, GDEX through GDSB has been developing feasible IT solutions to support e-commerce activities such as myGDEX.

It is an online shipping platform to enhance customer's delivery experience, cloud-based call centre and interactive voice response (IVR) support to allow companies deploying call centre at any strategic area within Malaysia.

It also includes the GDEX mobile apps for courier which will enable couriers to update the status of pick-up and delivery on a real-time basis, e-wallet payment acceptance and GDEX e-commerce integration which provides seamless integration with online stores such as WOO Commerce, Magento, opencart, NET SHOP, payex and unicart.

GDSB has been granted with tax incentive by MIDA to carry out integrated logistics services (ILS) activities as an expansion project and e-commerce/e-fulfillment diversity project.

The government through MIDA provides incentive to encourage logistics companies to undertake logistics operation in an integrated manner, to adopt technology in their operations and to position themselves as regional e-Fulfilment hub providers in Malaysia.

For the period of January to September 2020, MIDA has approved a total of seven ILS projects worth RM708.9 million, including two related to the e-commerce/e-fulfillment projects.

"The ILS incentive came in timely as a catalyst for the group to embark on the programmes in improving, expanding and innovate its operations and products offerings. It enables us to strengthen our logistical support facilities and capabilities," GDEX chairman Tan Sri Muhammad Ibrahim said.

"This incentive will motivate us to continue with our vision to become an ASEAN courier and e-logistic company. The ILS incentive would also contribute positively to our effort to tighten up our operations and improve service quality.

"MIDA's support and facilitation to the business community will go a long way in promoting a strong, resilient and reliable courier and logistics industry for the country," he said.

MIDA will continue to facilitate companies in their project implementations which subsequently help to chart the growth and development of the e-commerce sector, in result, positioning Malaysia as the regional e-Fulfillment hub.

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