Company Face-Off: $GDEX / 0078 (GD EXPRESS CARRIER BERHAD) vs $POS / 4634 (POS MALAYSIA BERHAD)
GDEX and POS are two famous, well-known express courier companies that have established themselves long in Malaysia. As the last mile delivery space is extremely competitive, their profits were in the red for many quarters, and it still remains to be seen if they are able to turnaround the business. However, there has been news as of late that both players are trying to undergo transformation be it diversifying into sectors such as retail and software as a service (SaaS) or the information technology (IT) segment. Could there be an opportunity for a change for the better? Let’s discuss this further on Stockbit!
CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF GDEX BERHAD ("GDEX") AND ITS SUBSIDIARIES TO INCLUDE THE PROVISION OF INFORMATION TECHNOLOGY SERVICES AND SOLUTIONS
MEMORANDUM OF UNDERSTANDINGGDEX BERHAD ("GDEX" or "the Company")
- Update on Memorandum of Understanding ("MoU") between GDEX and Universiti Tunku Abdul Rahman ("UTAR")
Part A - Circular to Shareholders in relation to the Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature. Part B - Statement to Shareholders in relation to the Proposed Renewal of Authority for the Company to purchase its own shares
OTHERSGDEX BERHAD ("GDEX" OR "THE COMPANY")
-PROPOSED FINAL SINGLE-TIER DIVIDEND OF 0.10 SEN PER ORDINARY SHARE
MEMORANDUM OF UNDERSTANDINGGDEX BERHAD ("GDEX" or "the Company")
- Update on Memorandum of Understanding ("MoU") between GDEX and Universiti Tunku Abdul Rahman ("UTAR")
$GDEX / 0078 (GD EXPRESS CARRIER BERHAD)
Research by RHB
Not Rated - TP N/A
"Ceasing Coverage"
We are ceasing coverage on GDEX, as the group continues to be loss-making for seven quarters now. We maintain the view that obstacles in the last-mile delivery sector may persist, keeping margins under pressure due to the sector’s enduring price war and subdued demand following the resurgence of physical retail businesses.
Analyst(s):
Nai Wan Yan
nai.wan.yan@rhbgroup.com