The quarter results ending March 31. MCO was March 18. 13 days difference - what do you expect? Even if business increase tremendously, 13 days's taking could amount to how much?
Commentary on prospect: The Group expects to see positive volume growth coming from digital platforms, in all segments including B2B, B2C and C2C. Going forward, the Group need to adjust to the evolving business environment.
The way of courier business is not straight forward. Volume from retail like u and me ordering stuff from Lazada is small comparing to corporate accounts, which most of them were closed for the last 2 months. Also margin from retails is very small because u order small quantity per trip.
sell now before too late, never ever seen any gdex courier van during mco. No partnership with big e-commerce like shopee lazada. Sell before too late.!!!
Just goreng counter, even counters with negative earnings also flying, not to say gdex has great prospect about the shopping behaviour of all people changing offline to online due to covid-19
@limitupupup u serious? I saw gdex lorry many times at my taman.. especially during mco till now.. the lorry looks new.. compare j&t and pos.. very white one.. so that y i buy this stock?
Well, it said third quarter will be bad, but coming years will be greater, i do business, and i know many businesses uses gdex to deliver to their customers from retails to online because its cheaper compared to other courier services
Still ok compare to IOI Corp, among the biggest conglomerate in Malaysia with revenue more than RM2B, but net profit ONLY RM100k, hahaha... No Bonus this year, hahaha.
MFRS 16 Leases adjustment of RM12m for the quarter under review. In addition, positive impact arising out of MCO/CMCO &l lower oil prices will be in the next quarter.
If the vietnam profits is written in this counter. It will be ok too. Vietnam did not hit badly by covid19. At least now their figures are much below malaysia.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
martinking
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Posted by martinking > 2020-05-27 17:25 | Report Abuse
holy report..! maigod...