he research house said the recent quarter was a tepid quarter for the logistics sector, with Pos Malaysia Bhd, GD Express Carrier Bhd (GDex) and Freight Management Holdings Bhd underperforming its earnings expectations. It noted, however, that Pos Malaysia’s first-quarter results missed expectations due to a higher effective tax rate, a one-off post-acquisition write-off at its logistics division, and deeper-than-expected losses at its postal services division. As for GDex, earnings were impacted by weaker revenue and pre-tax losses at its logistics segment due to a decline in demand for warehousing services. Freight Management’s earnings, meanwhile, missed expectations due to larger-than-expected losses at its tugand-barge operations. RHB Research said the merchandise e-commerce trade currently accounted for less than 1% of the country’s total retail sales.
Hi! I have a question for this forum..I would appreciate if someone from this group could explain. I am abit confused. When Gdex declared for 1 share you get 3 shares. so the adjusted price once the entitlement is done the price was about .69 cents.. and your quantity of shares increases..What I could not understand was how did the price from .69cents became .393 as the average price...No doubt its good for the investor but .393 cents as average? I am totally confused..Not sure if anyone else is confused as me..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
JuniorC
24 posts
Posted by JuniorC > 2017-06-09 16:44 | Report Abuse
Monday sure a lot ppl run after profit taken.