KUALA LUMPUR: RHB Research has initiated coverage on GD Express Courier Bhd with a Buy call and a target price of RM2.42 for the stock which closed trading on Tuesday at RM2.01.
The research house said the company, which has a market capitalisation of RM1.687bil, had seen 10 years of strong earnings growth, and it expects the trend to remain resilient in the coming years on the capacity expansion of its express delivery service and logistics arm.
