I have been buying last 3 weeks just buy sell buy sell ...making better money than any glove or vaccine counters .natwide and gdex will do well atleast till end of November
market cap is 80m and the share is 0.65 (revenue and net profit falls this year) whereas, gdex market cap is 2.54b and the share is 0.45 (increase of revenue and the net profit still falls a little behind, however there is a good growth of net profit for the past few years)
so I don't understand why this counter can go up so high.
The Board of Directors of GDEX wishes to announce that GDSB, the wholly-owned subsidiary company of GDEX, has received an approval letter dated 23 October 2020 from MIDA for the second round of tax incentive to carry out ILS activities as an expansion project and e-commerce/e-fulfillment diversity project, under the P.U. (A) 112 Income Tax (Exemption) (No.11) Order 2006, Income Tax Act, 1967 (“MIDA Approval Letter”).
With the ILS tax incentive, GDSB will be eligible for income tax exemption via Pioneer Status (“PS”) up to 70% on Statutory Income for each year of assessment for a period of five (5) years. At this junction, the Board has yet to quantify the amount of tax saving from the ILS incentive as the effective date of the PS has yet to be finalized and determined.
GDSB has made an appeal on certain terms and conditions stipulated in the MIDA Approval Letter, while in the process of applying to MIDA on the effective date of the PS. The Company will make further announcement on the development of the appeal and application in due course.
The Board is of the opinion that the ILS incentive would contribute positively to strengthening the operations and future earnings of GDEX Group.
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greedy44444
2,497 posts
Posted by greedy44444 > 2020-11-04 07:52 | Report Abuse
Dow Jones up 550 and future up 220 points. All green today.