Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Those who entered GDEX-CS at 0.035 already up 14% today. Hope short sellers are done pushing down GDEX and support the upside instead. When that happens, all it takes is one major spike for GDEX-CS to break through the roof. Recall in early Nov GDEX-CS went up by >200% when GDEX moved from 0.38 to 0.52 in one day
If you're in for long-term, always buy at support. 0.35 seems to be the base before it goes downtrend, especially as short and medium moving averages are looking negative. GDEX has been in a bearish mode after multiple lower low hits between 3 Nov-31 Jan. So far that has not been the case in February, but it's important for it to break the 0.41 resistant to justify its growth potentials.
In anticipation for record quarter, stronger buying support is necessary to overcome the RSS and soon IDSS. If the build up is good enough, GDEX-CS is a great short-term play as it has hit all-time low of 0.025 today. Scoop enough and it can multiply your capital gains when breakout happens. The coming 3-4 weeks are very important before time decay factors in.
So retailers need to all unite. We have seen how RSS has reduced in Top Glove in the past few days as a result of retailers' buying support. GDEX is a great company and major benefactor of movement restriction and increase of e-commerce transactions. But not a lot of people are aware of the upside potentials in GDEX as its share movement is minimal due to large floating share base of >2bil. However, we have seen at various points in March, April, May and November 2020 that it is possible to push GDEX higher.
Average down and keep the buying pressure up. Buy at next support. Even directors recently acquired at 57.5c with private placement at 60c. Clearly there is value in this company.
Average down and keep the buying pressure up. Buy at next support. Even directors recently acquired at 57.5c with private placement of 9mil shares at 60c. Clearly there is value in this company.
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.
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.
Expecting good revenue this coming quarter from glove trading business. 30mil of guaranteed glove secured every month since mid-December currently sold to existing rubber clients
GDEX-CS. Current value 0.04 with 2:1 ratio. Exercise price 0.40. You are in the money when GDEX gets to 0.408. GDEX's current price is 0.375. Push GDEX and GDEX-CS will go to the sky. Fundamentally strong, cash rich, #1 market share in delivery logistics, expecting highest revenue quarter ending end of Feb.
