GDEX
Strategy
-Price entry at 0.38 or below with stop loss about 0.32.
Technical Analysis
-25 Moving Average crossed 50 & 200 Moving Average.
-50 Moving Average almost cross 200 Moving Average.
-Quarter Result released on 27th May 2020 and the result was below market expectation resulted in gap down in following trading day. However, the market didn't went into selling pressure as the price only went to lowest at 0.365 on 28th May 2020 and closed at 0.375. The following day was traded at low volume and ended up a doji formed which might also form southern doji pattern which also indicates a rebound signal.
-Based on the price action from 27th May - 29th May 2020, the market seems like didn't significantly impacted by its poor quarter result by forming a doji or southern doji which might indicates a rebound.
Fundametal
-B2B heavily impacted during MCO .
-B2C and C2C increased drastically after 1st week of MCO .
-In May alone, the daily volume has already surpassed the levels recorded in the company’s best years.
-Domestically, the business volume of its express delivery segment has been picking up strongly since Q4 of FY20, as increasingly more consumers turn to online platforms to make their purchases and businesses turn to GDex’s digital platform, namely myGDEX, to sell their products.
-The company had earlier guided a capital expenditure (capex) of RM40mil for the financial year ending June 30,2020 (FY20) for its automated sorting hub expansion in Petaling Jaya, Selangor, in addition to the routine maintenance and upgrade works.
-GDex’s strength in the current uncertain market is its lean balance sheet , with a net cash position of more than RM100mil. This will support its expansion plans.
-Price entry at 0.38 or below with stop loss about 0.32.
Technical Analysis
-25 Moving Average crossed 50 & 200 Moving Average.
-50 Moving Average almost cross 200 Moving Average.
-Quarter Result released on 27th May 2020 and the result was below market expectation resulted in gap down in following trading day. However, the market didn't went into selling pressure as the price only went to lowest at 0.365 on 28th May 2020 and closed at 0.375. The following day was traded at low volume and ended up a doji formed which might also form southern doji pattern which also indicates a rebound signal.
-Based on the price action from 27th May - 29th May 2020, the market seems like didn't significantly impacted by its poor quarter result by forming a doji or southern doji which might indicates a rebound.
Fundametal
-B2B heavily impacted during MCO .
-B2C and C2C increased drastically after 1st week of MCO .
-In May alone, the daily volume has already surpassed the levels recorded in the company’s best years.
-Domestically, the business volume of its express delivery segment has been picking up strongly since Q4 of FY20, as increasingly more consumers turn to online platforms to make their purchases and businesses turn to GDex’s digital platform, namely myGDEX, to sell their products.
-The company had earlier guided a capital expenditure (capex) of RM40mil for the financial year ending June 30,2020 (FY20) for its automated sorting hub expansion in Petaling Jaya, Selangor, in addition to the routine maintenance and upgrade works.
-GDex’s strength in the current uncertain market is its lean balance sheet , with a net cash position of more than RM100mil. This will support its expansion plans.
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