Lousy company. All the ground staff are not well train, delivery guys are rude and samseng. They want a fight if u lodge complain to them and will threaten u personally. What kind of future do this company hv in future
I'm running an e-commerce and physical store brand for 10 years, here's something i noticed.
1) Poslaju and Gdex is the only big courier name that is tradeable in Bursa.
2) When Lazada and Zalora launced, Gdex was their courier, but due to bad performance, Lazada stopped using Gdex, Zalora too eventually stopped manking Gdex their primary courier.
3) It was between Poslaju, Gdex and Citi-Link back then. But now there is about 10 big names.
4) After 3-4 years passed, Gdex passed its glory days (when partnering with Lazada, Zalora). Now you see their quarterly report, getting bad.
5) Gdex unlike Poslaju, doesn't have many accessible office for normal people to courier their products. Gdex is more about contracts and registered account, its not public-friendly, and thus it doesn't get the full advantage of covid19/e-commerce boom.
6) Currently a more reliable courier company is J&T, accessible to normal people and backed up by china, well you know how china does business, it'll succeed.
7) But we know there's little room for couriers, who will dominate the scene? its usually 2-3 courier companies only for one whole country.
8) Maybe Gdex can be top 3, but not with the current playstyle.
9) Poslaju on the other hand, have outlets everywhere, accessible for everyone, certainly will remain number one for a very long time or even forever.
Poslaju is undergoing transformation plan, they changed rate, uses more technology, cut expenses and many others that will be completed by 2021, until then they wont be profitable, its what they said. And this is announced by the end of 2019. And analyst put price target at 1.55 because of that.
Now covid19 comes, e-commerce boom, gold business boom, poslaju benefits from that. Maybe more losses from their aviation and mail service but surely can be soften or offset by the benefits. But analyst say target price 0.9 now.
What has changed? is covid effecting POS that bad? nope, its either nuetral or positively effecting POS. so price target of 0.9 actually doesn't make any sense, its suppose to stay at 1.55 or above it. But people get tricked, now POS price is stucked lower.
But what happens when pos start becoming profitable again when 2021 transformation plan complete? Gdex is currently on 92 pe ratio. Seriously, its like you guys are willing to pay 9x times the normal price
If poslaju were to get back to normal profit, and be at 92 pe ratio, the price would be more than 20. Right now? 0.89 cent only.
For all Gdex investors, you're in the wrong boat. You can take or ignore my advice, but I've gone to every courier office every week and keep track of them because of our e-commerce business. And I know POS is way undervalued right now, and Gdex is way overvalued.
Oh yeah, look at the market cap. Gdex 2Billion, and POS at 700Million, doesn't make sense my friend, think fundamentally, do your research, don't trade by emotion or you'll lose it all.
QR report in two weeks if I am not mistaken. The last didn't show big profits because of some additional liabilities. This one should show a marked increase. That is why volume is spiking.
"During the implementation of the movement control order (MCO), the logistics industry – particularly the e-commerce and e-fulfillment services – were declared as essential services and allowed to operate."
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amateurJR
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Posted by amateurJR > 2020-06-26 14:59 | Report Abuse
Too bad, Gdex financial ending Jun 2020 wont be good as compared to previous yrs.