Company Overview and News

MIDF Research sees last-mile delivery players, e-commerce platforms in DFTZ

2018-10-19 theedgemarkets
KUALA LUMPUR (Oct 19): MIDF Amanah Investment Bank Bhd Equity Research has maintained its "neutral" rating (NR) on the logistics sector, and said it does discount the possibilities of last-mile delivery players and e-commerce platforms participating in the Digital Free Trade Zone (DFTZ).
0078 7117 5267 7210

Tri-Mode System banks on HiClicks to ride e-commerce wave

2018-10-16 theedgemarkets
Hew: We give you the freedom to shop anywhere in Japan, Taiwan, South Korea and the US.
4634 0078 8397 5267

GD Express seen enhancing its footprint in Indonesia

2018-10-09 theedgemarkets
GD Express Carrier Bhd (Oct 8, 42 sen) Maintain neutral with a revised target price (TP) of 46 sen: GD Express Carrier Bhd (GDex) had subscribed to 44.5% of shares in PT SAP Express Tbk (SAP) listed on the development board of the Indonesian stock exchange last Wednesday for RM25.8 million.

GDex seizes opportunity to enter Indonesian market

Teong: It is not easy to find a company like this. We chose this company out of many others, some which had higher profits.

GDex takes up 44.5% in Indonesia’s SAP Express

The group said it was forking out 92.71 billion rupiah (RM25.8mil) cash, together with two of its units – GDex SEA and GD Valueguard – to participate in SAP Express’ initial public offering (IPO).
0078 BSMAF 1818

KLCI to track global markets, seen hovering below 1,800-point level

2018-10-02 theedgemarkets
KUALA LUMPUR (Oct 3): The FBM KLCI is seen hovering below the 1,800-point level today,tracking the overnight close at most gobal markets, exacerbated by tepid local investor sentiment.
0078 0143 5236 7811 MGFCF MSCI 9113

Key ASIC, GDex, Malakoff, DRB-Hicom, MHB, Malton, Matrix, Mega First, Sanbumi and Sapura Industrial

2018-10-02 theedgemarkets
KUALA LUMPUR (Oct 2): Based on corporate announcements and news flow today, companies in focus on Wednesday (Oct 3) may include: Key ASIC Bhd, GD Express Carrier Bhd, Malakoff Corp Bhd, DRB-Hicom Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd, Malton Bhd, Matrix Concepts Holdings Bhd, Mega First Corp Bhd, Sanbumi Holdings Bhd and Sapura Industrial Bhd.
0078 0143 5236 7811 MGFCF 9113

GDex buys 44.5% shares of Indonesian courier firm for RM26m

2018-10-02 theedgemarkets
KUALA LUMPUR (Oct 2): GD Express Carrier Bhd (GDex) said today it will subscribe for 44.5% in the initial public offering (IPO) of PT Satria Antaran Prima Tbk (SAP Express) for 92.71 million rupiah (RM25.77 million) or 250 rupiah per share.
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GDEx seen eyeing Asean nations for expansion

2018-09-12 theedgemarkets
GD Express Carrier Bhd (Sept 7, 42 sen) Maintain neutral with an unchanged target price of 44 sen: To recall, GD Express Carrier Bhd’s (GDEx) normalised net profit for financial year 2018 (FY18) declined by -32.4% year-on-year (y-o-y) to RM25.1 million. This was mainly due to the higher annual tax rate of 47% (versus 17% in FY17) subsequent to the expiry of the pioneer status tax incentive on Sept 25, 2017 and the additional provision to address the possible clawback of the tax incentive post equity structure change in Yamato since February 2016.

Higher expenses weighs on GDex's 4Q, group pays 0.2 sen dividend

2018-08-30 theedgemarkets
KUALA LUMPUR (Aug 30): GD Express Carrier Bhd (GDex) closed its fourth quarter ended June 30, 2018 (4QFY18) with net profit declining 43% to RM6.52 million from RM11.51 million a year ago, dragged by higher operating expenses as the group undertook aggressive network expansion, as well as due to higher taxation.

Tech: Muted interest in logistics counters

2018-07-04 theedgemarkets
ALIBABA Group opened an office in Bangsar South, Kuala Lumpur, last Monday — a reflection of the group’s commitment to Malaysia. While he was in town for the opening, executive chairman Jack Ma met Prime Minister Tun Dr Mahathir Mohamad in Putrajaya for an hour.
4634 0078 MYPRY 8397 BSMAF 5014 1818

Trading ideas: PetChem, IHH Healthcare, Inta Bina, Harrisons, GDex

KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem), IHH Healthcare Bhd , Inta Bina Group Bhd, Harrisons Holdings (M) Bhd and GD Express Carrier Bhd are among the stocks to watch on Thursday, according to JF Apex Research.
5008 0078 5225 5183 FORTIS PECGF Q0F IHHHF 532843

GDex terminates deal to buy stake in MBE M’sia

As of May 2, GDex said the company and the sellers had arrived at an agreement that the conditions precedent were not fully satisfied as at the cut-off date of April 30.
0078 BSMAF 1818

GDex drops plan to acquire MBE

KUALA LUMPUR: GD Express Carrier Bhd has aborted a plan to acquire retail postal and business services firm MBE Malaysia.
0078 BSMAF 1818

Access to courier service providers

Smaller spaces: MBE has found a way to compress its offerings into kiosks at petrol stations.

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