Just sharing, Nomura just increased the TP to RM0.49
Outlook remains positive While one may argue that volumes could be weaker q-q in the next quarter, we gather that the trend remains resilient on a y-y basis as consumers adapt to new shopping behaviors, according to recent statistics, which have seen an improvement over the recent months. We expect contributions from associates to also see improved performance as economies open. Management guided that the increase in volumes in the near term will not be high (without providing numbers) given capacity constraints. We are pencilling in a 15% increase in volumes, but the rate increase could remain sustainable at ~7% from pre-COVID levels. Management will continue to optimize space, but a meaningful expansion is very much needed. We have pencilled in sizeable capex for FY22F onwards for this expansion, which would double capacity by FY24F.
Still buying treasury shares, hopefully did it not purchase from related parties. Genm used to purchase when above $5, then $4, after that disposed at low price.... good luck for gdex.
FedEx wrings out profit as pandemic-fueled e-commerce deliveries surge LOS ANGELES(Sept 16): US delivery firm FedEx Corp reported a bigger-than-expected quarterly profit on Tuesday, after price hikes, lower fuel costs and efficiency gains countered negative impacts associated with a pandemic-fueled surge in e-commerce shipments. Shares in the Memphis-based company jumped 7.6% to US$254.66 in extended trading. Average daily package volume for FedEx Ground, which handles e-commerce deliveries for retailers like Walmart, jumped 31% to 11.6 million during the fiscal first quarter ended Aug 31. Bonds remain relevant amid uncertain times As the number of reported Covid-19 cases worldwide breaches the 26 million mark and deaths total close to 900,000 (at the point of writing), the trade-off between economic cost and reducing the spread of the pandemic through lockdowns is starting to weigh on global growth... Home deliveries traditionally have been more expensive because they involved fewer packages and far-flung stops. Rising volumes and investments in things like automated sorting centres and route optimisation are bringing those costs down. "Minor improvements can make a big difference whenever you're moving this many packages a day. The worst of the pressures on profitability are probably behind the company," Edward Jones analyst Matt Arnold said. FedEx spent US$565 million on fuel across the company during the quarter, 35% less than a year earlier. FedEx did not provide an earnings forecast for fiscal 2021, citing continued uncertainty but said it expects annual capital spending of US$5.1 billion, above analysts' average estimate of US$4.96 billion, according to Refinitiv data. Fiscal first quarter adjusted net income at FedEx jumped 60% to US$1.28 billion or US$4.87 per share. Revenue rose 13.5% to US$19.3 billion. Analysts expected earnings of US$2.69 per share and revenue of US$17.55 billion.
In all honesty, Q2 was pretty darn good. Q3 should be better, but slow down a bit afterwards (or maybe not if 2nd wave covid happens and everyone stays at home again). Gdex is growing very quickly. just take a look at the top and bottomline every quarter-- plot a graph and you can see what I mean. My initial position is 0.335. if it drops to 0.31 I'll double. After that it's just waiting for it to be ripe.
GDex is definitely better than POS..........management more forward looking and more committed to keep company streamlined. Not overstaffed and probably lean.
PROPOSED ISSUANCE OF UP TO 705,176,354 FREE WARRANTS IN GDEX ("WARRANTS C") ON THE BASIS OF ONE (1) WARRANT C FOR EVERY EIGHT (8) EXISTING ORDINARY SHARES IN GDEX
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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....
princesam
163 posts
Posted by princesam > 2020-08-26 09:03 | Report Abuse
this mco can record high revenue in history. i believe jul-sep20 also will have great revenue