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KLSE: GDEX       GD EXPRESS CARRIER BHD
Last Price Avg Target Price   Upside/Downside Price Call
0.315 0.38     +0.065 (20.63%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
30/11/2018 0.305 0.28 -0.025 (8.20%) HOLD MIDF Price Target News
08/10/2018 0.44 0.46 +0.02 (4.55%) HOLD MIDF Price Target News
21/09/2018 0.41 0.44 +0.03 (7.32%) HOLD MIDF Price Target News
07/09/2018 0.415 0.44 +0.025 (6.02%) HOLD MIDF Price Target News
03/09/2018 0.425 0.44 +0.015 (3.53%) HOLD MIDF Price Target News
03/09/2018 0.425 0.35 -0.075 (17.65%) SELL KENANGA Price Target News


Price Target Research Article/News (past 6 months)
30/11/2018  MIDF GD Express Carrier Berhad - Commerce Sales Offset by Expansion Costs
08/10/2018  MIDF GD Express Carrier Berhad - Enhancing Its Footprint in Indonesia
21/09/2018  MIDF GD Express Carrier Berhad - C2C to Prevent Further Margin Erosion
07/09/2018  MIDF GD Express Carrier Berhad - Enhancement of Automation Systems in the Books
03/09/2018  MIDF GD Express Carrier Berhad - Higher Tax Rate Following Expiry of Pioneer Status
03/09/2018  KENANGA GD Express Carrier Berhad - FY18 Dragged by Higher Taxes



  7 people like this.
 
James Ng https://klse.i3investor.com/blogs/general/174132.jsp
[转贴] [GD EXPRESS CARRIER BHD:电子商务业务日益普及,投资资源和基础设施,扩大国内和区域网络] - James的股票投资James Share Investing
16/09/2018 13:41
Bull in end of winter I gave up hope on Gdex! The worst delivery network!
16/09/2018 14:10
Jasper Coo Good stock, make huge profit !
18/09/2018 11:12
yoon Worth to buy now.
26/09/2018 23:39
Striker90 http://www.chinapress.com.my/?p=1367065
30/09/2018 15:59
abcbibi What happen to this stock ?
01/10/2018 13:52
godhand Branding is good. But it’s a bit overly too exp no?
01/10/2018 14:03
carilembu IN A VERY COMPETITIVE INDUSTRY. Bad economy = low business
01/10/2018 14:22
jibbie overpriced
07/10/2018 13:35
wongchin Charge a premium service price. Bt delivery frm sel to perak take whopping 10 days. Real story with proof
10/10/2018 13:51
abcbibi 52weeks new low..
24/10/2018 15:56
yiniugongxiong GDEX 0078 INFORMATION OVERVIEW 1
http://yiniugongxiong.blogspot.com/2018/10/gdex-0078-information-overview-1.html
27/10/2018 19:24
葉維強 油价的因素导致大跌吗
15/11/2018 20:24
Alex™ apu, want check parcel also cannot, call them say need half an hour waiting only can check. eat grass lo
21/11/2018 13:16
shpg22 Downgrade fair price to 0.18 @ P/E of 42.5x, P/B of 2.3x & DY of 1.1%
26/11/2018 13:30
Choivo Capital 5 sen can consider.
26/11/2018 13:34
hipster PE 70+. this company issued too much shares, price hard to go up ...
26/11/2018 15:30
dex Profit decrease i think.
27/11/2018 22:15
sosfinance Alibaba PE is 44x.
01/12/2018 13:50
commonsense The company is currently trading at a very high valuation of which those invested would normally expect very high growth. Even if they managed to deliver a PAT of RM30mil for FY19 (meaning from 2nd to 4th quarter PAT would be around RM7.8mil per quarter), at the current price valuation is still 54x fwd PE.

Not sure where the growth will come from. Agree that ecommerce has very high growth potential but there are a lot of logistics companies out there. The most worrying part is the fact that some ecommerce platform (like Lazada which is backed by Alibaba) has started to provide their own logistic services. How can companies like Gdex compete with Lazada Express for example?

Those invested, what are the positive catalysts for this company? Because looking at the financials, it seems that growth in revenue can only be achieved via margin cutting (as competition are intensifying).

I can only find MIDF analyst report and they are only projecting a PAT of RM26mil in FY19 and RM31mil in FY20 which is still lower than the record PAT recorded back in FY17 of RM36.8mil.
02/12/2018 14:52
carry Well said
02/12/2018 16:06
Banana John let go to their agm... ask them what happen.
04/12/2018 16:50
commonsense Lazada Ceo, Christophe Lejeune, was interviewed by BFM today.

He mentioned that Alibaba is committed to invest a further USD2bil into Lazada of which a portion of the investment will be used to expend the Logistic division.

I am not sure how much Gdex revenue comes from Lazada (or ecommerce) but if the ecommerce platform themselves are expected to go down the value chain since they believe that they will have the volume to reduce their unit cost, 3rd party service providers like Gdex might be negatively effected (hence why most logistic players have seen negative profit margin growth).

If profit are not expected to grow substantially, then the current valuation 75x PE is really overvalue for investors.

Those that want to invest in this company need to ask themselves where will the growth comes from? The current market landscape is really tough at the moment with other logistic companies such as Lazada eLogistic, Century Logistic, Pos Malaysia, Ninja Van, GrabExpress (yes even they are doing this) etc all expending their networks and fleet size. Revenue might increase but i think it will be at the expense of profit. I think companies like Gdex is more appropriate for long term investors (those with investment horizon longer than 5 years).

Given the current market condition, i think it would be safer for investors to focus on company's that are currently trading at low valuation but still can offer profit growth in the short and mid term.

With this in mind i would recommend those that are looking to diversify their portfolio to consider MBMR.

The company is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.3x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year 4Q17. And FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions.

Hope Gdex can proof me wrong and deliver profit growth to its investors. Management need to deliver on their promise of high growth for profit as well and not just revenue. It also help if they can improve on their customer relation services.

Good luck.
04/12/2018 20:15
KenaTipu_ No need to ask. Sure down. See Pos also loss making.
05/12/2018 02:49
KenaTipu_ PE 65 where got cheap?
05/12/2018 02:50
Aero1 This company is too slow ..
The market she is in is enlarging .. why so slow to capture?
07/12/2018 09:32
Aero1 Need to get a real businessman in. He is a trader ..
07/12/2018 09:34
Aero1 With this pace of business ... its market value should begin from below RM1 billion.
Currently it is too expensive!
07/12/2018 09:59
葉維強 应该最近都很难反弹上来了。
10/12/2018 03:24
Aero1 When you are slow others will eat into your market share. I've been monitoring this counter for quite some time. No hope!
12/12/2018 10:25
Aero1 Going by the sales and profitability trend, the reasonable market value should be below 1 billion. Current PE of 74 times is too high. No point to consider this counter for the time being.
14/12/2018 09:36
Leaf eon market cap is higher than Pos now. bravo
15/12/2018 08:56
newbie911 500mil market cap nice for gdex.
15/12/2018 09:00
Aero1 Don't catch the falling knife!
27/12/2018 13:44
carry no idea, what is happening to this stock... perhaps strong competition?
27/12/2018 13:47
Aero1 For business that is evolving fast and furious, they need a guy that can run it.
27/12/2018 13:51
Aero1 Can find many companies with this profitability even higher than Gdex trading at market value ranging from 600 to 800 million. Gdex should be rightly valued at 700 to 800 million nothing more. It means Gdex share price could dive half to 13 to 15 sen. Seat tight everyone!
29/12/2018 13:46
葉維強 如果真如你所言20仙我会大收购
29/12/2018 21:23
carry good company but too bad the share is a bit overpriced.. otherwise, would have invested in it
29/12/2018 22:49
Aero1 Why put money in a company with negligible yield. Good in what sense? Yes in a supposed strong growth industry. But Gdex is not capitalising it will in turn losing its market share. Need a person that can run the business better than the remisier.
31/12/2018 16:13
shpg22 Everyone was in euphoria when price hit 0.80. Now everyone is complaining its overpriced at 0.27.
05/01/2019 10:03
葉維強 怎么不是预期的0.20
07/01/2019 13:38
Jun Lee 6日和7日量价起升,应该会继续反弹升高!
08/01/2019 23:21
葉維強 我看到是大跌的预感
09/01/2019 05:39
Birdtalk88 Surprisingly this counter still giving dividend... Not bad!!!
09/01/2019 18:44
ericio edging up and hope can sustain
10/01/2019 17:01
葉維強 Is there any insider?
10/01/2019 17:28
OTAK Post removed. Why?
10/01/2019 17:30
lalazhai The normalize of tax incentive already reflected in previous 4 quarterly report, the next qr no need suffer anymore, may have better result
11/01/2019 15:46
junglk 只要在连续的五个交易日里有相同或更大的量,大家就不必担心股价会下跌,除非是突发事件。一旦五天内没有足够的量, 马上卖无赦!
13/01/2019 22:34


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