Highlights
KLSE: GDEX (0078)       GD EXPRESS CARRIER BHD MAIN : Transportation&Logistics
Last Price Today's Change   Day's Range   Trading Volume
0.38   0.00 (0.00%)  0.38 - 0.405  35,400,400
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Financials


Market Cap: 2,144 Million

Market Cap 2,144 Million
NOSH 5,641 Million

Latest Audited Result:  30-Jun-2019

Latest Audited Result: 30-Jun-2019
Announcement Date 30-Oct-2019
Next Audited Result: 30-Jun-2020
Est. Ann. Date: 30-Oct-2020
Est. Ann. Due Date: 27-Dec-2020

Latest Quarter:  31-Mar-2020 [#3]

Latest Quarter: 31-Mar-2020 [#3]
Announcement Date 27-May-2020
Next Quarter: 30-Jun-2020
Est. Ann. Date: 26-Aug-2020
Est. Ann. Due Date: 29-Aug-2020
QoQ | YoY   -96.42%  |    -96.13%

Annual (Unaudited) ( EPS: 0.58, P/E: 66.02 )

Revenue | NP to SH 317,576  |  32,470
RPS | P/RPS 5.63 Cent  |  6.75
EPS | P/E | EY 0.58 Cent  |  66.02  |  1.51%
DPS | DY | Payout % 0.24 Cent  |  0.63%  |  41.83%
NAPS | P/NAPS 0.08  |  4.94
YoY   37.43%
NP Margin | ROE 10.22%  |  7.47%
F.Y. | Ann. Date 30-Jun-2019  |  26-Aug-2019

T4Q Result ( EPS: 0.37, P/E: 103.43 )

Revenue | NP to SH 340,965  |  20,726
RPS | P/RPS 6.04 Cent  |  6.29
EPS | P/E | EY 0.37 Cent  |  103.43  |  0.97%
DPS | DY | Payout % 0.24 Cent  |  0.63%  |  65.53%
NAPS | P/NAPS 0.09  |  4.22
QoQ | YoY   -20.10%  |    -28.79%
NP Margin | ROE 6.02%  |  4.08%
F.Y. | Ann. Date 31-Mar-2020  |  27-May-2020

Annualized Result ( EPS: 0.26, P/E: 148.33 )

Revenue | NP to SH 344,901  |  14,452
RPS | P/RPS 6.11 Cent  |  6.22
EPS | P/E | EY 0.26 Cent  |  148.33  |  0.67%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -32.02%  |    -52.00%
NP Margin | ROE 4.12%  |  2.85%
F.Y. | Ann. Date 31-Mar-2020  |  27-May-2020


Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.

Click here to modify the Visible Columns.

Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
T4Q 27-May-2020 31-Mar-2020 3 340,965 18,570 20,535 20,726 13,581 507,726 65.53% 6.02% 4.08% 5,641,410 6.04 6.04 0.37 0.37 0.24 0.24 0.0900 0.09   -36.21% 31-Mar-2020 0.155 2.56 42.19 1.72 2.37% 1.55% 27-May-2020 0.445 7.36 121.12 4.94 0.83% 0.54%
30-Jun-2019 26-Aug-2019 30-Jun-2019 4 317,576 32,375 32,470 32,470 13,581 434,611 41.83% 10.22% 7.47% 5,432,647 5.85 5.63 0.58 0.58 0.25 0.24 0.0800 0.08   37.43% 28-Jun-2019 0.265 4.53 44.34 3.31 2.26% 0.94% 26-Aug-2019 0.275 4.70 46.01 3.44 2.17% 0.91%
30-Jun-2018 30-Aug-2018 30-Jun-2018 4 292,988 44,607 23,627 23,627 11,172 446,897 47.29% 8.06% 5.29% 5,586,223 5.24 5.19 0.42 0.42 0.20 0.20 0.0800 0.08   -35.85% 29-Jun-2018 0.405 7.72 95.76 5.06 1.04% 0.49% 30-Aug-2018 0.42 8.01 99.30 5.25 1.01% 0.48%
30-Jun-2017 30-Aug-2017 30-Jun-2017 4 250,510 44,474 36,829 36,829 13,940 446,098 37.85% 14.70% 8.26% 5,576,236 4.49 4.44 0.66 0.65 0.25 0.25 0.0800 0.08   6.92% 30-Jun-2017 0.625 13.91 94.63 7.81 1.06% 0.40% 30-Aug-2017 0.68 15.14 102.96 8.50 0.97% 0.37%
30-Jun-2016 26-Aug-2016 30-Jun-2016 4 219,757 40,183 34,444 34,444 12,948 362,568 37.59% 15.67% 9.50% 1,294,887 16.97 3.90 2.66 0.61 1.00 0.23 0.2800 0.06   21.73% 30-Jun-2016 1.54 9.07 57.89 5.50 1.73% 0.65% 26-Aug-2016 1.51 8.90 56.77 5.39 1.76% 0.66%
30-Jun-2015 28-Aug-2015 30-Jun-2015 4 196,751 31,306 28,296 28,296 11,678 128,466 41.27% 14.38% 22.03% 1,167,874 16.85 3.49 2.43 0.50 1.00 0.21 0.1100 0.02   21.00% 30-Jun-2015 1.37 8.13 56.54 12.45 1.77% 0.73% 28-Aug-2015 0.865 5.13 35.70 7.86 2.80% 1.16%
30-Jun-2014 28-Aug-2014 30-Jun-2014 4 158,703 24,272 23,385 23,385 9,404 99,867 40.21% 14.74% 23.42% 832,229 19.07 2.81 2.15 0.41 1.13 0.17 0.1200 0.02   71.75% 30-Jun-2014 2.19 11.48 77.94 18.25 1.28% 0.52% 28-Aug-2014 2.20 11.54 78.29 18.33 1.28% 0.51%
30-Jun-2013 27-Aug-2013 30-Jun-2013 4 135,154 19,255 13,616 13,616 5,891 86,409 43.27% 10.07% 15.76% 261,846 51.62 2.40 5.20 0.24 2.25 0.10 0.3300 0.02   55.72% 28-Jun-2013 2.00 3.87 38.46 6.06 2.60% 1.13% 27-Aug-2013 2.50 4.84 48.08 7.58 2.08% 0.90%
30-Jun-2012 28-Aug-2012 30-Jun-2012 4 116,322 12,253 8,744 8,744 3,214 51,435 36.76% 7.52% 17.00% 257,176 45.23 2.06 3.40 0.15 1.25 0.06 0.2000 0.01   25.22% 29-Jun-2012 1.00 2.21 29.41 5.00 3.40% 1.25% 28-Aug-2012 1.34 2.96 39.41 6.70 2.54% 0.93%
30-Jun-2011 25-Aug-2011 30-Jun-2011 4 93,071 9,865 6,983 6,983 3,220 46,381 46.13% 7.50% 15.06% 257,675 36.12 1.65 2.71 0.12 1.25 0.06 0.1800 0.01   17.28% 30-Jun-2011 1.01 2.80 37.27 5.61 2.68% 1.24% 25-Aug-2011 0.86 2.38 31.73 4.78 3.15% 1.45%
30-Jun-2010 16-Aug-2010 30-Jun-2010 4 81,839 8,258 5,954 5,954 2,569 41,113 43.16% 7.28% 14.48% 256,960 31.85 1.45 2.31 0.11 1.00 0.05 0.1600 0.01   185.98% 30-Jun-2010 0.45 1.41 19.42 2.81 5.15% 2.22% 16-Aug-2010 0.51 1.60 22.01 3.19 4.54% 1.96%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


Analyze this stock with MQ Trader system
  7 people like this.
 
greedy44444 First quarter results only involved 15 days in March under MCO, second quarter results will be very good as it involves almost the full quarter under MCO.
28/05/2020 11:24 PM
misterlim 投资,就好像寻宝,推荐这个page给大家,The Investment Gem
https://www.facebook.com/theinvestmentgem
28/05/2020 11:27 PM
zai what happen today big drop
28/05/2020 11:43 PM
greedy44444 Cost of doing businesses for the second quarter also significantly lower as the prices of petrol/diesel used for delivery very low during the MCO
29/05/2020 12:19 AM
greedy44444 https://www.theborneopost.com/2020/05/29/gdex-to-still-benefit-from-online-purchasing-if-cmco-is-lifted/
29/05/2020 2:10 AM
ZAIMAN3 Intrinsic value 0.64....lots more room to gain
29/05/2020 6:36 AM
lalazhai Jan-Mar profit affected by China's lockdown, no China shipments for gdex. Result will be boost for Apr-Jun, same go to all Courier Company.
29/05/2020 8:16 AM
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