Highlights
KLSE: GDEX (0078)       GD EXPRESS CARRIER BHD MAIN : Transportation&Logistics
Last Price Today's Change   Day's Range   Trading Volume
0.37   -0.01 (2.63%)  0.365 - 0.39  19,390,100
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Overview

Market Cap: 2,087 Million
NOSH: 5,641 Million
Avg Volume (4 weeks):47,630,812
4 Weeks Range:0.22 - 0.445
4 Weeks Price Volatility (%):
66.67%
52 Weeks Range:0.115 - 0.445
52 Weeks Price Volatility (%):
77.27%
Average Price Target: 0.36
Price Target Upside/Downside: -0.01

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2020 [#3]  |  27-May-2020
Next QR | Est. Ann. Date: 30-Jun-2020  |  26-Aug-2020
T4Q P/E | EY: 100.71  |  0.99%
T4Q DY | Payout %: 0.65%  |  65.53%
T4Q NAPS | P/NAPS: 0.09  |  4.11
T4Q NP Margin | ROE: 6.02%  |  4.08%

Headlines

Date Subject
01-Jun-2020 Mplus Market Pulse - 1 Jun 2020
29-May-2020 [转贴] [GD EXPRESS CARRIER BHD:客户的业务运营受到MCO的影响,以及港口和机场的供应链中断,以及MFRS 16租赁评估和调整的影响] - James的股票投资James Share Investing
28-May-2020 PublicInvest Research Headlines - 28 May 2020
28-May-2020 GDEX - Shift in Consumer Pattern to Partially Offset Competition
28-May-2020 Mplus Market Pulse - 28 May 2020
27-May-2020 [转贴] [Facebook live video:浅谈GD Express carrier bhd (GDEx)] - James的股票投资James Share Investing
27-May-2020 Stocks on Radar- GD Express Carrier (0078)
26-May-2020 [转贴] [GD EXPRESS CARRIER BHD:QoQ税前利润与上一季度相比增长14.8%,主要是由于应占联营公司的利润] - James的股票投资James Share Investing
23-May-2020 [转贴] [Facebook live video:浅谈GD Express carrier bhd (GDEx)] - James的股票投资James Share Investing
18-May-2020 电商包裹急速发展‧吉运速递钱景向好
14-May-2020 Transportation & Logistics - Covid-19 pandemic poses unprecedented challenges
12-May-2020 Trading Stocks - GD Express Carrier
28-Apr-2020 Trading Stocks (mid-day) - GD Express Carrier
25-Mar-2020 【行家论股/视频】吉运速递 封锁行动打击运输业
21-Feb-2020 GD Express Carrier Berhad - Possible Slowdown in Courier Segment Amidst Lacking Inventory of Online Merchants
21-Feb-2020 Mplus Market Pulse - 21 Feb 2020
09-Feb-2020 大马股票 | 吉运速递 | GDEX | 从零开始了解吉运速递 - 少爷兵
14-Jan-2020 GD Express Carrier Berhad (KLSE) #RTable - CashRich Series - YAPSS
13-Jan-2020 GDEX 业务放眼全东南亚,强力扩展,成功收购,2020年营业将一步登天!
11-Jan-2020 [转贴] [GD EXPRESS CARRIER BHD:B2B和B2C业务对快递服务的需求增加] - James的股票投资James Share Investing

Business Background

GD Express Carrier Bhd provides express carrier and logistics services to domestic and international market. It provides a domestic express carrier, international express carrier, customized logistics solutions, logistics services, enhanced liability coverage, gdex prepaid. The group has two business segments Express delivery and Logistics. They operate mainly in Malaysia and Singapore. Express delivery services segment includes next day delivery, same day delivery, diplomatic, reverse charge, delivery order return, standard pick up, late pick up, early delivery international delivery and freight services. Logistic services segment includes security handling, mailroom handling, project handling, warehousing and distribution and temperature control room services.
Analyze this stock with MQ Trader system

  7 people like this.
 
williamtkb At current price is overvalued for me. I will buy in below 30cents. Fair value for me is 25cents. Good luck guys
29/05/2020 8:23 AM
James Ng https://klse.i3investor.com/blogs/general/2020-05-29-story-h1507894205.jsp
[转贴] [GD EXPRESS CARRIER BHD:客户的业务运营受到MCO的影响,以及港口和机场的供应链中断,以及MFRS 16租赁评估和调整的影响] - James的股票投资James Share Investing
29/05/2020 9:13 AM
Lam John Gdex rebound
29/05/2020 11:04 AM
putraz88 strong rebound. lets see
29/05/2020 11:04 AM
Lam John poor results news digested
29/05/2020 11:06 AM
Lam John Maybe investor look forward of better results next quarter
29/05/2020 11:07 AM
Lam John Pos and gdex everyday long queue
29/05/2020 11:07 AM
Lam John Those bought at high price can feel relax little bit de
29/05/2020 11:10 AM
Lam John Less selling pressure
29/05/2020 11:10 AM
Oracle of Omni Yesterday i keep telling to buy before the rebound come. U guys think i am joking?
29/05/2020 11:13 AM
Oracle of Omni Oracle of Omni Gdex reached support, buy before rebound especially the son. CR has strong support at 9c
28/05/2020 3:15 PM

D4rkloder95 Goreng kaki sudah lari ma
28/05/2020 3:16 PM
X
Oracle of Omni MIDF and alot funds are defending 0.365
28/05/2020 3:16 PM
X
Oracle of Omni Think about all these selling, why 0.365 so strong support, someone is collecting guys.
28/05/2020 3:18 PM

BigPro Collecting with high risk and will trap here ... 5.6B share too heavy to rebound
28/05/2020 3:24 PM
X
Oracle of Omni Bro, look at the intraday chart, it has dropped so much with no rebound yet. The son CR Is so attractive at 9c. Plus look at the mother, strong support at 0.365 0.36.
28/05/2020 3:25 PM
X
Oracle of Omni Look, someone is eating 0.37 and the buyer at 0.365 keep refilling
28/05/2020 3:27 PM
29/05/2020 11:14 AM
Diego2020 TP 0.6 ;)
29/05/2020 11:14 AM
Oracle of Omni strong rebound incoming, buy at 0.38 before too late. Already rebounded to green.
29/05/2020 11:26 AM
Oracle of Omni i am oracle of omni, trust me now? ez rebound 39c
29/05/2020 12:18 PM
Lam John Only drops one day
29/05/2020 12:23 PM
Lam John My false. I change my mind after I saw so huge queue at pos and gdex
29/05/2020 12:24 PM
Lam John Now I confident gdex and pos will perform well next quarter
29/05/2020 12:25 PM
Lam John Online purchase become culture
29/05/2020 12:25 PM
Lam John I buying back this morning
29/05/2020 12:26 PM
Lam John Analysts will change target price once price go up
29/05/2020 1:13 PM
Oracle of Omni I already told u guys. Funds will wait for it to drop then collect, just like yesterday, easy 0.365 collected so much. I work in investment bank so i know that.
29/05/2020 2:41 PM
Buduilu Gdex gogogo
29/05/2020 2:51 PM
pennywise2308 Steady ride on Monday for Gdex
29/05/2020 11:54 PM
xterrorsinx On 28 January 2020, shares in Pos Malaysia Bhd rose as much as 10% in early trade this morning after the national courier said it will raise postage rates for registered mail, commercial mail and small parcels below 2kg, effective Feb 1.

At 9.05am, Pos Malaysia rose 11 sen to RM1.55, valuing it at RM1.21 billion. The stock had earlier risen to a high of RM1.60.

From 1.55, dropped till 1.10 with a loss of RM 171m?
1.55-1.1 Market Cap loss = 352m VS inclusive of loss of RM 171m. Where does the difference of RM 181 go?

At RM 1.55, when the news was announced in January, the increase in price was priced in at RM 1.55, giving POS a market cap of RM 1.21b, but increase in courier demand wasnt priced in yet.
With loss of RM 171, shouldnt the market cap be 1.039 b or RM 1.32?

Moreover, at RM 1.32 assumes nothing changed since MCO. But what about the increase in Courier volume by 200%? Savings in Interest of RM 10.8m/year? Savings in Fuel of RM 14m/year?

Gdex up 45% since MCO, would it be too demanding for POS to go up to pre-mco level of RM 1.32 (Inclusive of loss of RM 171m for Dec QR)? We're not greedy, we havent factored in Courier 200% increase, Fuel 14m/year cost decrease, Interest 10.8m/year cost decrease.

For courier segment last year 9 months ended Dec 2019 Profit was RM 14,657 million. This was including a malware attack and impairment write down..

If we take 6 months ended September 2019, profit was RM 47.8m for 2 quarters translating into RM 23.9/QR from Courier segment. IF MCO sales up 200% = RM 47.8m profit / quarter, or 23.9 x 4 = RM 95.6 additional profit/year..

So assuming market has priced in rate increase from postal at RM 1.039b, you now need to add in RM 95.6m Profit + 10.8m + 14m profit = RM 120m/year profit

Now let’s try to do the pricing of POS. On 28th May POS had annual profit of 124m and share price of RM 3.62, giving it market cap of 2.8 billion or PE of 22…

If you’re adding 120m profit with P/E of 10 at RM 1.2b market cap to pre-mco fair price of RM 1.039b (after loss of RM 171m), the numbers will look like 1.2b + 1.039 b = RM 2.239b market cap, translating into RM 2.79 Fair Value.

Interesting Note: POS Courier segment is 2.27 times bigger than Gdex (88m vs 200m per QR).

This QR we are seeing Postal 66% effect rate hikes priced in from 1st Feb to 31st March. It has not factored in the 200% volume +, Fuel Savings, Interest Savings of RM 120m/year.
Next QR would be interesting.
30/05/2020 6:37 PM
xterrorsinx Opps, sorry, this is posted in the wrong forum. Should be in POS
30/05/2020 6:37 PM
learnbyheart https://www.klsescreener.com/v2/news/view/683105
30/05/2020 7:42 PM
learnbyheart xterrosinx ..sorry..not interested in loss making company..too many "if" in your article..in share market the word "if" in useless..it is like "if i bought supermax when the price RM 1.45 maybe now i am a millionaire"..hahahah
30/05/2020 7:48 PM
noobbie https://www.thestar.com.my/business/business-news/2020/05/30/brisk-business-for-gdex
30/05/2020 8:36 PM
6222 Gdex very good prospect for long term
30/05/2020 9:06 PM
chkhooju What good prospect? Say what you like. The reality is that trading at a PE of 100 times means it is very expensive.
30/05/2020 9:16 PM
iswara really good prospect
30/05/2020 9:29 PM
learnbyheart We knew that all courier company benefit from MCO, among Nationwide, Gdex and POS. Gdex giving peace of mind to the shareholder as QR report already out. The rest still battling on the result and PN17 status
30/05/2020 9:43 PM
Max_Lui GDEX have a beautiful healthy lean balance sheet, with a net cash position of more than RM100mil......as well as new norm economies are shifting towards digitalisation and e-commerce. So many good news tat can caused Monday hit Limit UP.

https://www.thestar.com.my/business/business-news/2020/05/30/brisk-business-for-gdex
30/05/2020 11:05 PM
Jeffreyteck New chairman, for sure higher cost for remuneration but bottom line remains dim. Best for trading play only.
31/05/2020 1:17 PM
Lam John Investment bank revised target price again
31/05/2020 2:51 PM
blood7 overvalued? hmm so many naysayer here....the majority shareholders around over 70% did not sell a single share in years so must really be idiots....so when the courier war in Malaysia/SEA is done and dusted, i bet GDEX will be one of those few left standing....

good luck....


https://www.bloomberg.com/quote/SAPX:IJ

https://www.theedgemarkets.com/article/gdex-buys-445-shares-indonesian-courier-firm-rm26m
31/05/2020 5:27 PM
mary123 blood7 aiyo old news lah, 2018 one.
01/06/2020 12:41 PM
learnbyheart 2018..mean that Gdex is taking superb move by acquiring prospect Indonesian company in neutral price. If they acquiring yesterday of course the price is already multiply with Covid sentiment...haiyaaaa...

Remember that courier service is hot not only in Malaysia, and Indonesia got nearly 10 times population than Malaysia.
01/06/2020 1:20 PM
mala173318 No value tomorrow 0.30
01/06/2020 5:06 PM
learnbyheart contra player who bought 0.445 need to cut loss today
01/06/2020 5:20 PM
bowman GDex is trading above its 20-day MA and support is at 0.375. It's RSI has corrected itself at 70% and price is moving higher than its Ichimoku cloud which indicates continuation of the trend. I think it will test the 0.445 resistance level and given the TP just given by MIDF at 0.48, there is a good chance of it reaching this target this week or next. The news of its loss last quarter has been absorbed by the market and late today, I think it is recovering lost grounds. Keep your fingers crossed for tomorrow. Hopefully we will see some expected fireworks.
01/06/2020 6:11 PM
Elsonng90 Gdex is good ,maybe more 3mth with same with top glove
01/06/2020 6:20 PM
xterrorsinx Dear all, Gdex is now in over capacity mode, with at least 100% increase in volume a day. Their Sales last QR is 88m, we expect 176m next QR.

Explanation on the market cap of 2 billion at the moment. Many of the major investors are actually pricing in rate hike into the market cap of Gdex now.

with sales up 100% to say RM 176 million, their profit is expected to double, say 20 million. But how does this justify the 2 billion valuation? The Singapore funds are not stupid! They know that currently demand outstrips supply.

So if Gdex ups their parcel price by RM 0.5 per parcel or 10%, their expected change in profit is from
1) volume - Double to RM 20m
2) Hike in price of 10% - 176m x 10% = 17.6m
Total = 37.6m per quarter

Per year = 37.6 x 4 = RM 150 million profit before tax.
PE 14.6 = RM 2 billion market cap.

SO GUYS!! GDEX IS CORRECTLY PRICED. They expect a rate hike due to hike in price.
The profit sensitivity to price hike is huge due to the big volume!!

POS Malaysia with RM 0.50 hike in parcel, is expected to gain RM 140 million per year just with 10% rate hike!

So Gdex should benefit a lot when the demand has outpaced the supply.
01/06/2020 6:52 PM
Happy_lucky Can try hengyuan 4324 .Hengyuan now is better than other o n g company ,because that only focus on the refining . The profit depends on crack spread, when the crude oil price decrease ,the cost will decrease and increase the crack spread profit but demand will decrease and the sale of volume also decrease. When the crude oil price increase, crack spread will be narrow but the demand will increase, demand increase and the sales of volume will increase , so overall increase the profit. History will come back from Rm2 to RM19. Super undervalue. Can limit up due to only 300 millions share.
02/06/2020 7:47 AM
Natu Ral acklustre performance was partly attributable from the higher maintenance costs incurred for its warehouse operations. Moreover, disruption of the supply chain at the ports and the airports as well as impact on MFRS16 leases assessment on its warehouses dragged the performance of the segment.
02/06/2020 12:01 PM
learnbyheart when MD say business is doing great but outsider who not even work with Gdex knew more about the company hahaha
02/06/2020 1:44 PM
mala173318 Yes agree with you.run for safety don't touch this lousy stock
02/06/2020 4:18 PM
chibi89 Wake up gdex. So many parcels need to be delivered. Wake up!
02/06/2020 6:21 PM
mala173318 Very weak even phone call no body answering haha
02/06/2020 8:47 PM
LGMGL https://www.facebook.com/107106070985738/posts/133422521687426/
02/06/2020 9:21 PM


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