From chart, it failed to made u-turn at 0.380 to determine uptrend and instead decline to 0.365 and whether can stand at this price or going further down????
Actually warrant is more safer than call warrant . Warrant can be convertible to stock and have a longer validity period usually few years whilst call warrant mostly on 'cash settlement basis' with validity less than a year and non-convertible to stock. This call warrant is akin to casino (investors against call warrant issuer) whether you win or you loss at the end of the validity period. If at the end of the validity period, the stock price falls below the exercise price, the IB will each all happily. Bursa always discourage manipulations and in this scenario to a certain extent the stock is subject to manipulations by the relevant issuers. Note : Personal opinion only.
THE rapid shift in both consumer behaviour and the digitalisation of businesses has not only spiked demand for delivery services but also nudged the latter to evolve.
Courier companies, at least those that are competitive, are fast seeking ways to make their deliveries faster, safer and more reliable. GDEX Bhd lays claim to being one of the first courier companies to tap into the e-commerce boom, way before the current coronavirus pandemic began.
It has created myGDEX, an online shipping platform and a cloud-based call centre as well as an interactive voice response (IVR) support system. GDEX had also developed platforms such as deKat, a social commerce supply chain platform for small and medium enterprises (SMEs) and a last-mile delivery platform (KITA) targeted at that segment too.
GDEX managing director and group CEO Teong Teck Lean (pic below) expects the boom in e-commerce to continue, driven by migration of businesses from offline to online, especially in the business-to-business (B2B) segment. This will continue to be the driver for GDEX’s parcel volume growth, moving forward.
“Our digital initiatives will make Gdex more cost-efficient without compromising on service quality. Gdex will come out with more product offerings and expand into new revenue streams, ” he tells StarBizWeek.The new platforms such myGDEX would not only strengthen the group’s operations but will also allow GDEX to tap into the business-to-consumer (B2C) and consumer-to-consumer (C2C) segments, Teong points out.
“While the B2B segment is the company’s bread and butter, we foresee B2C and C2C to register higher growth as compared to the B2B segment. “We also plan to grow our warehouse fulfilment business, which offers customised end-to-end solutions. “We will continue to develop new products to cater for new trends, especially in the social commerce space, ” Teong says.
In December, GDEX partnered with Tasco Bhd to create a comprehensive logistics service as both companies have different strengths. Both companies have signed a non-binding memorandum of understanding (MoU) to finalise this plan. Tasco will be given the priority to leverage GDEX’s last-mile fulfilment capabilities, while GDEX can tap into Tasco’s international logistics network as well as its local cold supply chain infrastructure and convenience retail logistics network.
Interestingly, Tasco, which is a leading cold-chain logistics player, has said that it is ready to support the local distribution of Covid-19 vaccines. When asked if GDEX sees a potential collaboration with Tasco for vaccine logistics, Teong says: “We are open to that if the opportunity arises. With our extensive network and system in place, we believe we can assist the government in distributing the vaccines provided that the packages meet our delivery requirements.” GDEX currently handles the transporting of time-sensitive medical samples for chains of hospitals and clinics.
Teong says that for this year, GDEX has allocated between RM20mil and RM30mil to upgrade the facilities at its hubs and for IT development. Both Tasco and GDEX have companies from Japan as their major shareholders. Tasco is a 55.38%-owned subsidiary of Japan’s Yusen Logistics Co Ltd, while Japan-based express delivery giant Yamato Holdings Co Ltd holds a 22.83% stake in GDEX.
The collaboration with Tasco could also help GDEX face the massive competition in the delivery segment, which has led to price wars. To date, there are 110 licensed courier companies in the country. However, the Malaysian Communications and Multimedia Commission has recently announced a two-year freeze on the issuance of new courier service licences. GDEX is in a net cash position of close to RM80mil, with almost zero borrowings.
For the first quarter ended Sept 30,2020, GDEX posted a 51% rise in net profit to RM7.2mil from RM4.8mil a year earlier due to increasing demand from online business activities. Its logistics and warehousing services also did well. The group also attributed the growth to its operational efficiencies as a result of the digitalisation of internal systems and processes.
Teong expects the e-commerce industry to continue growing post-pandemic and that the company’s digital initiatives will make GDEX more cost-efficient without compromising on its service quality. “We aim to become known as a digital company, ” he says.
Hi all, the above is today's news not old news. GDEX's CEO has spoken and revealed what is coming up next. Please spare some time to read what to expect from GDEX. I'm confident that the share price will be rallying anytime soon so be prepared.
@henry888 it's not entirely accurate to assume that this is how IBs make money from structured warrants. IBs earn from maintaining the bid/ask spread as the market maker. The issued warrants are products which they would want to see liquid transactions from. Imagine if the point of having call warrants is just to trap the retailers, who would believe in their future products anymore? They can't afford to lose their reputation as they need retailers to continue purchasing their other structured warrants.
In Gdex's case, GDEX-CS seems like a good catch when GDEX eventually rebounds. There are 3 months to go, and during that phase, we are anticipating for the end-Feb quarter to be better than ever with rising e-commerce transactions across the board. From December to end Feb, GDEX is the major beneficiary of the sales offered during 12.12, Christmas, New Year, and CNY. Hopefully GDEX will also be announced as one the on-ground distributors for stored vaccines as Pharmaniaga and Duopharma can't possibly handle >20 million of distribution on their less-than-expansive logistical arms.
Gdex business is in the right direction and growing.
1)Nett Cash Position - RM80Mil 2)Zero borrowing 3)Partner with TASCO 4)Potential distributor of vaccine for Malaysia
The will will annouce the best profit this month end.. More good news for Gdex coming.
Buy now before it fly. can consider also their warrant GDex-CT - 0.035-0.04, active, cheap and still got 3 month exipiry. easily can go up to 0.045-0.05 by end of this month.
so far, this is the data i can get from BURSA website if the data is correct, the RSS price now is 0.38
today closing is 0.37..RSS is profiting...
Come on..GDEX...Yearly revenue is keep improving.. MCO2.0...business should be good...
based on last QR, Courier Services The revenue and profit before tax reported in courier services segment for the current quarter ended 30 September 2020 increased 30.1% and 37.4% respectively as compared to the corresponding quarter ended 30 September 2019. Better performance for the current quarter under review due to increase in demand for the delivery services from the online business activities under current Covid-19 pandemic, improvement in operational efficiencies as a result of digitalisation of internal system and processes as well as contributed by the improved performance of Vietnam subsidiary company.
Logistics Services The revenue and profit before taxation reported in the logistics services segment increased 43.3%, and 117.3% respectively as compared to the corresponding quarter ended 30 September 2019. Improvement in the performance of logistics services segment was due to increase in demand for the logistics and warehousing services during the current quarter under review to support the delivery services segment as well as improvement in the operational efficiencies.
In my opinion, that is why i always maintained my stands that RSS is endangering the interests of the retailers. Just imagine the selling pressure even though capped at 3-4% posed a threat of downward to the stock price if there is no big fund to cushion it albeit the good fundamental value of the stock. A case you can seen is Topglove. So, what is investment ? and the point of holding the stock when someone can just borrowed the stock and sell and deprived the chance of selling of those holding the stock. Bursa and SC should look into this issue and reconsider to ban the short sellings.
Further, retailers would shy away from the market and instead decreasing the liquidity in the market as opposed to some saying increasing the liquidity of the market.
Actually they should just ban RSS and others. It's just their excuses so that they can make money but this is eroding the confidence of shareholders. Traders would embrace it but I don't think shareholders would unless wanting to accumulate at cheaper price.
I think the upcoming quarter result which is due this month should be good so perhaps the result will lift up the share price later or earlier (market expectation)
Proprietary Day Trader is a holder of a dealer?s representative license who is registered as a Proprietary Day Trader under Bursa Malaysia. Many also refer the activities as Proprietary Day Trading (PDT).
Salient Features: The main purpose is for Day Trading. Cannot trade Mesdaq stocks(Ace Market stocks). Launched by Bursa Malaysia in early 2007. They can short sell. Proprietary Day Trader cannot have clients Shall not be a holder of a futures broker?s representative license. Shall close off any Sell positions on T day. Shall close off any Buy positions not later than T +2. I heard most brokers give about 10 times multiple on the cash security deposit. Profit earned is normally shared, about 60% to broker. Have to bear 100% loss.
What are the main benefits of becoming a Proprietary Day Trader? No brokerage. Very easy to make profit because normally one bid can easily make profit. Can shortsell.
What are the Disadvantages of Proprietary Day Trader? Cannot have clients. Cannot trade Mesdaq/ Ace market securities. Profit need to share with broker. Risky if skill is not good. If shortsell, and then the stock get suspended, then cannot buy back the same day and will subject to buyin.
No wonder Bursa wanted to allow this as Bursa earned 40%. easy money at the real investor sacrifice and not increased liquidity. Should pull out let them play themselves.
Ever since they lifted ban on RSS beginning of January, those stocks with good prospects and high trading interests/volumes are being targeted. Yesterday bursa spoken out that they have no intention to ban RSS anytime soon. So obvious because this is their bread & butter
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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....
henry888
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Posted by henry888 > 2021-01-29 18:03 | Report Abuse
From chart, it failed to made u-turn at 0.380 to determine uptrend and instead decline to 0.365 and whether can stand at this price or going further down????