Last Friday (May 15), RHB Research upgraded its rating on GDEX to “buy” with a target price of 40 sen, with stronger earnings prospects in FY21F-22F seen, due to heightened demand from the e-commerce space.
Gdex share price had surpassed its 52 weeks high and profit sure to set in. cash out and go into MMAG and its Warrants B. It has large logistic business manned by ex key staffs from Gdex. A hidden jewel not many people knew
Top volume in Bursa on Friday. It had been on downtrend for past few years, however, once the golden cross formed within a month, it will reverse to a long term uptrend.
The share price had been on cup & handle uptrend since it reached its lowest by Mar 19th.
Mar 19th = 0.125 (lowest) Apr 7th = 0.235 (highest) May 22nd = 0.39 (highest)
Once golden cross formed within a month and reverse to uptrend, it will retest 0.4x, 0.5x, 0.6x.
@ Ny036, I do not trade call warrant. however, based on the maturity date still have about one month to go and the golden cross may formed within 10 working days for a spike, timing wise there is high probability that the investment bank may not able to press down the price to zero / near zero.
You gotta be expecting some exceptional revenue growth for Gdex for the next 4-5 years to justify this price now. Given Gdex current operating margins at 7.2 - 7.3%. Global Transportation industry's average margins are around 7% too.
At 0.37 myr, they gotta be growing their Revenues by 25-30% year over year for the next 4 -5 years before tapering off at a lower growth rate all the way to stable growth using FCFF valuation. Unless, GDex's Margins improve. But I doubt they can squeeze any more margins out of this, given minimum wage laws etc.
New Normal / CMCO will result in demand spike for courier services. Economies of scale amid high Online sales and low oil prices will correlate to higher share prices.
Decline in performance for the current quarter under review mainly due to most of the B2B non-essential customers’ business operation being affected by the MCO and the disruption of the supply chain at the ports and the airports as well as the impact of MFRS 16 Leases assessment and adjustments.
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bowman
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Posted by bowman > 2020-05-22 09:23 | Report Abuse
Resistance broken. Strong uptrend if 0.355 also broken