@lalazhai Dont expect good result for Apr-Jun as it was MCO period. Courier service is going good prospect but not Apr-Jun
By April 2020, GDex’s goods delivery volume had gone up sevenfold, and it went up even further in May. Given the imperative role of technology during the pandemic, Mida said logistics companies are compelled to recognise the importance of technology advancement and adoption. — Bernama
J&T now deliver in 24 hrs within Peninsular Malaysia while other courier companies like GDEX, POS etc struggle to deliver within a week. How to compete??
The reason GDEX has moved away from the daily courier courier services is because it is getting very competitive and the cost of having many distribution outlets was the strategy they went through in the past. Since 2017, GDEX has been actively working with pharmaceutical companies, handphone brands, electrical items and other B2B clients who are generally more consistent and stable. You will notice the April-June revenue increase in coming results as many businesses started opening.
Gdex expected to announce very good results from 50% owned vietnam operations and 44.5% owned Indonesian op. Last quarter there was an impairment item which pulled down the results. As it is right now, GDEX warehouses are full and are over capacity for both B2B and B2C operations. It will translate to qtr ending 30 Sept 2020 later on. Therefore, the current performance is the best ever in Gdex history. Dont bother about the PE calculated above. Its historical based on current price and historical results in March. Same case as the gloves earlier on. The PE for Careplus was over 1000 but then the results came in at a whopping increase 3500% Keep Gdex till year end. YAMATO courier japan has 10% share in Gdex. They are the biggest in Japan. Gdex now has operations in Singapore, indonesia, Vietnam, Malaysia . Its an international base. The Balance sheet is strong. Cash equivalent more than RM70 mio
Richielee, my sources are : 1. previous annual report 2019 2. last 4 quarterly reports 3. news articles from the Edge and Star for all related news on courier services. 4. News from others in the courier and transport industry. Its all there, I hope to help everyone understand a potential counter.. after all its a free fruit. Ha ha>
No Lah..aidwiz... I am only a novice, small timer only. Cari makan sikit sikit ..but for me personally, I think its should do better than the last high of o.445 on 20 May because the company is doing better and market sentiment is better now.
I heard some bad comments after read theedgemarkets statement. Please take note there is a one shot gain few million ringgit reinstatement of tax incentive return in last year same quarter, it made the profit in flying color EPS 0.18. If exclude this one shot gain, the EPS will not be even half. Compare the profit before tax, yesterday QR's reported 9.3m, while last year same quarter only 4.1m,it improve more than double.
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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....
lalazhai
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Posted by lalazhai > 2020-08-10 17:02 | Report Abuse
Dont expect good result for Apr-Jun as it was MCO period. Courier service is going good prospect but not Apr-Jun