Posted by hipster > 2018-11-26 15:30 | Report Abuse

PE 70+. this company issued too much shares, price hard to go up ...

Posted by dex > 2018-11-27 22:15 | Report Abuse

Profit decrease i think.

Posted by sosfinance > 2018-12-01 13:50 | Report Abuse

Alibaba PE is 44x.

Posted by commonsense > 2018-12-02 14:52 | Report Abuse

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.

Posted by carry > 2018-12-02 16:06 | Report Abuse

Well said

Posted by Banana John > 2018-12-04 16:50 | Report Abuse

let go to their agm... ask them what happen.

Posted by commonsense > 2018-12-04 20:15 | Report Abuse

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.

Posted by KenaTipu_ > 2018-12-05 02:49 | Report Abuse

No need to ask. Sure down. See Pos also loss making.

Posted by KenaTipu_ > 2018-12-05 02:50 | Report Abuse

PE 65 where got cheap?

Posted by Aero1 > 2018-12-07 09:32 | Report Abuse

This company is too slow ..
The market she is in is enlarging .. why so slow to capture?

Posted by Aero1 > 2018-12-07 09:34 | Report Abuse

Need to get a real businessman in. He is a trader ..

Posted by Aero1 > 2018-12-07 09:59 | Report Abuse

With this pace of business ... its market value should begin from below RM1 billion.
Currently it is too expensive!

Posted by 葉維強 > 2018-12-10 03:24 | Report Abuse

应该最近都很难反弹上来了。

Posted by Aero1 > 2018-12-12 10:25 | Report Abuse

When you are slow others will eat into your market share. I've been monitoring this counter for quite some time. No hope!

Posted by Aero1 > 2018-12-14 09:36 | Report Abuse

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.

Posted by Leaf eon > 2018-12-15 08:56 | Report Abuse

market cap is higher than Pos now. bravo

Posted by newbie911 > 2018-12-15 09:00 | Report Abuse

500mil market cap nice for gdex.

Posted by Aero1 > 2018-12-27 13:44 | Report Abuse

Don't catch the falling knife!

Posted by carry > 2018-12-27 13:47 | Report Abuse

no idea, what is happening to this stock... perhaps strong competition?

Posted by Aero1 > 2018-12-27 13:51 | Report Abuse

For business that is evolving fast and furious, they need a guy that can run it.

Posted by Aero1 > 2018-12-29 13:46 | Report Abuse

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!

Posted by 葉維強 > 2018-12-29 21:23 | Report Abuse

如果真如你所言20仙我会大收购

Posted by carry > 2018-12-29 22:49 | Report Abuse

good company but too bad the share is a bit overpriced.. otherwise, would have invested in it

Posted by Aero1 > 2018-12-31 16:13 | Report Abuse

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.

Posted by shpg22 > 2019-01-05 10:03 | Report Abuse

Everyone was in euphoria when price hit 0.80. Now everyone is complaining its overpriced at 0.27.

Posted by 葉維強 > 2019-01-07 13:38 | Report Abuse

怎么不是预期的0.20

Posted by Jun Lee > 2019-01-08 23:21 | Report Abuse

6日和7日量价起升，应该会继续反弹升高！

Posted by 葉維強 > 2019-01-09 05:39 | Report Abuse

我看到是大跌的预感

Posted by Birdtalk88 > 2019-01-09 18:44 | Report Abuse

Surprisingly this counter still giving dividend... Not bad!!!

Posted by ericio > 2019-01-10 17:01 | Report Abuse

edging up and hope can sustain

Posted by 葉維強 > 2019-01-10 17:28 | Report Abuse

Is there any insider?

Posted by OTAK > 2019-01-10 17:30 |

Post removed.Why?

Posted by lalazhai > 2019-01-11 15:46 | Report Abuse

The normalize of tax incentive already reflected in previous 4 quarterly report, the next qr no need suffer anymore, may have better result

Posted by junglk > 2019-01-13 22:34 | Report Abuse

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！

Posted by junglk > 2019-02-16 22:29 | Report Abuse

最近GDEX量又增高了

Posted by somersby > 2019-02-23 23:19 | Report Abuse

Time to buy ,plus tol midnight is free. Gdex lori no need pay tol

Posted by chewhong > 2019-02-25 18:26 | Report Abuse

Good qtr result

Posted by digi_three > 2019-02-25 18:37 | Report Abuse

cannot tell on PE meh. Petra Energy negative PE but today jumped 70% lorr.

Posted by digi_three > 2019-02-25 18:39 | Report Abuse

tomolo sure jump one this stock. this penny stock lots of people like to play play one

Posted by Luke91 > 2019-02-26 12:07 | Report Abuse

Help pump le 0.4

Posted by Luke91 > 2019-02-26 12:14 | Report Abuse

To the moon pump

Posted by k3lvincs > 2019-02-26 12:36 | Report Abuse

wow

Posted by kennyku > 2019-02-26 12:45 | Report Abuse

If gdex profit can keep on increase, i believe price can be go to rm 1

Posted by winmxaa > 2019-02-26 12:53 | Report Abuse

ppl like buy online, deliver comp must profit gaogao

Posted by optimusprimeXV > 2019-02-26 14:39 | Report Abuse

the trend is ecommerce and gdex will benefit most from the digitization of malaysia

Posted by optimusprimeXV > 2019-02-26 14:42 | Report Abuse

this stock at least 0.6, the price now is just depressed...will fly more

Posted by UnicornP > 2019-02-26 15:15 | Report Abuse

Actually they are making a loss of RM287k if you deduct the 'other income' of RM11m.

Posted by metroview > 2019-02-27 08:45 | Report Abuse

will fall back to 2.55 again ?

Actually they are making a loss of RM287k if you deduct the 'other income' of RM11m.
26/02/2019 15:15

Posted by mh87 > 2019-03-01 11:03 | Report Abuse

looks very good on Friday

Posted by xuxu > 2019-03-01 11:05 | Report Abuse

beware .... big boy disposing