GD Express Carrrier ready to test higher, says AllianceDBS Research
TheEdgeWed, Sep 28, 2016

KUALA LUMPUR (Sept 28): AllianceDBS Research said GD Express Carrier Bhd (Gdex) was ready to test higher and that Gdex had on Sept 27 traded higher to RM1.77 before closing at RM1.75 (up 2 sen or 1.15%).

In its evening edition yesterday, the research house said Gdex continued to trade above the 20-day and 50-day moving average lines.

“Following the up close on Sept 27, the stock is likely to move higher with immediate hurdle seen at RM1.77.

“A rise above RM1.77 would lift the stock to the next resistance zone, RM1.80 – RM1.84.

“The support is pegged at RM1.67. A fall below RM1.67 should see further price decline to the subsequent support zone, RM1.58 – RM1.63,” it said.

AllianceDBS Research said stock volume traded on Sept 27 was 1.52 million shares compared to the 3-month average volume of 220,000 shares.

The research house said that indicators wise, the MACD was above the 9-day moving average line with the buy signal remains intact.

It said the relative strength index indicated that the stock was currently in an overbought zone.

http://asia.nikkei.com/Business/Companies/Japan-s-Yamato-seeks-to-turn-Malays...

Japan's Yamato seeks to turn Malaysia's GD Express into subsidiary
TOKYO -- Reflecting its greater focus on Malaysia, Japan's Yamato Holdings is considering taking a majority stake in GD Express Carrier, the No. 2 parcel delivery company in the Southeast Asian country.

Mr Koon,

I 100% agreed to your very detailed article above. Very pertinent remarks,sensible,apprehensive,very appropriate. Constructive and thought provoking to intellectuals who is forward looking.
This article is tactful and served to widen the narrow visions of most malaysian who had been economic/financial victims for more than 20 years due to the ego of an ex-Pm. Keep it up and perhaps translation into BM and chinese language will see the message reach a wide readership.