Double digit growth figures for this quarter. Online biz still growing. Logistics nd online biz is good combination. Up 7 sen. Hope it will also up by more than 10 s! Time to go up, Gdex!!
Singapore post is a major shareholder of GDEX. Singpost just signed a collaborative with Alibaba and Alibaba pay 312m to have 10% of Singpost...Singpost is now roaring and there will be knock on effect of GDEX...so I think this one is gging to go up...much higher...go check it out guys...dont sell...buy
GD Express Carrier (GDX MK)-------------------2nd june Technical BUY with +23.6% potential return Last price : RM1.95 Target Price : RM2.22, RM2.41 Support : RM1.83 Stop-loss: RM1.79 BUY with a target price of RM2.41 with stop loss placed below RM1.79. GDX’s share price has consolidated within a small range of RM1.70 to RM1.83 in the last 10 weeks and formed a “rectangle” pattern in progress. However, last Friday’s strong gain placed the share price in new territory as GDX made a breakout from the “rectangle” pattern and closed above the previous high of RM1.90. Given the much higher trading volume of 3.2m shares recorded (vs 20-day average of 0.2m), we opine that last Friday’s move has kickstarted the creation of a new up-leg. Additionally, the rising momentum as shown by both positive MACD and Stochastic readings should ensure upward continuation hereafter. We peg our medium-term upside target at the 1.61x Fibonacci extension target of RM2.41.
Alibaba n Singpost factor positively influenced price uptrend of Gdex past 2 wks n I believe this stock is good for mid to long term investors......Huat arrr!!!
GDEX just recently ex for bonus few months back. After ex is around 1.1X and now up almost double at 2.1x.
But with Temasek as shareholders and their good customer services and delivery, i think the stock is quite solid.
The next one you should watch out is Hup Seng Biscuit Industries which at the same time run up to new high for bonus. After ex bonus the price is abt 1.09 and haven't run up yet.
Alibaba was already started exploring their business into south east asia included Malaysia. Same concept they did at China, helping the manufacturers to grow their business online. All shipments are required a logistic firm. If Gdex able to offer the best service, most effective cost. They have high chance to gain the market shares in online business. In parallel, this is a left right additional profit to Alibaba between Gdex and SG Post. Does it make sense if Gdex biz grow will directly increase profit to Alibaba? Pls check how many factory already tight up with Alibaba here. http://www.alibaba.com/my.
Not really a speculation if you go into deep study of their background!!!
GD Express Carrier (GDX MK) Technical BUY with +14.0% potential return Last price : RM2.12 Target Price : RM2.25, RM2.43 Support : RM2.08 Stop-loss: RM2.04 BUY with a target price of RM2.43 with stoploss at below RM2.04. Following a gradual decline from the high of RM2.20, the stock has established a support at RM2.08. Despite the decline in the overall market last Friday, GDX formed a bullish reversal “hammer” pattern after a positive closing yesterday, suggesting an end to the recent correction. Given the rebound in the “cloud” on the back of rising momentum as shown by a bullish crossover in the Stochastics, we expect GDX to climb higher as the creation of the new up-leg is likely to set a bullish tone from here onwards. We peg our upside target at 1.38x Fibonacci extension level of RM2.43. Expected Timeframe: 3 weeks to 3 months
GD Express Carrier (GDX MK) Technical BUY with +10.5% potential return Last price: RM2.20 Target Price : RM2.25, RM2.43 Support : RM2.08 Stop-loss: RM2.04 BUY with a target price of RM2.08 with stop loss at below RM2.04. Share price has consolidated lower amid a mild correction from the recent high of RM2.25. However, yesterday’s breakout above the BBI line and the “cloud” signal an end to the recent correction and a start of a new up-leg. The continuation of the long-term uptrend is backed by an emergence of fresh buying interest as shown in yesterday’s higher trading volume. Additionally, the bullish crossover in both the MACD and the stochastic suggests surging momentum which in our view may push share price higher in the near term. As such, we expect the penetration above the immediate resistance may prolong the move towards our upside target at 1.38x Fibonacci extension level of RM2.43 in the near term. Expected Timeframe: 1 weeks to 2 months
GD Express Carrier (GDX MK) Technical BUY with +10.5% potential return Last price: RM2.20 Target Price : RM2.25, RM2.43 Support : RM2.08 Stop-loss: RM2.04 BUY with a target price of RM2.08 with stop loss at below RM2.04. Share price has consolidated lower amid a mild correction from the recent high of RM2.25. However, yesterday’s breakout above the BBI line and the “cloud” signal an end to the recent correction and a start of a new up-leg. The continuation of the long-term uptrend is backed by an emergence of fresh buying interest as shown in yesterday’s higher trading volume. Additionally, the bullish crossover in both the MACD and the stochastic suggests surging momentum which in our view may push share price higher in the near term. As such, we expect the penetration above the immediate resistance may prolong the move towards our upside target at 1.38x Fibonacci extension level of RM2.43 in the near term. Expected Timeframe: 1 weeks to 2 months
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cpng
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Posted by cpng > 2014-04-25 10:21 | Report Abuse
Boss started another round of pushing after one month of consolidation.
Aiming $2.00..$2.20..visionof 2B market cap.