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PETALING JAYA: Courier service company GD Express Carrier Bhd (GDex) says stiff pricing competition for parcels and deliveries has resulted in a lower profit margin for its first quarter ended Sept 30.
A key focus of the NTP is improving railway network.
LPI Capital’s nine-month financial year 2019 (9M19) profit after tax and minority interest of RM235.8mil came in below estimates due to higher claims incurred.
PETALING JAYA: GD Express Carrier Bhd (GDex) is making a foray into Vietnam by acquiring a courier and logistics services company, Noi Bai Express and Trading Joint Stock (Netco), for a total of RM13.85mil.
The proposed increase in postal tariffs could be a boon for logistics companies. In particular, it could benefit national courier and postal service provider Pos Malaysia Bhd, which fell into the red in the financial year ended March 31, 2019 (FY19).
PETALING JAYA: While GD Express Carrier Bhd (GDex) may be facing increasing competition and margin compression in Malaysia, it is working on expanding its operation around the region, starting from its venture into Indonesia.
KUALA LUMPUR: GD Express Carrier Bhd (GDex) posted lower pre-tax profit of RM32.37mil in the financial year ended June 30,2019 due to the entry of new players with competitive pricing.
Competition in the logistics space is heating up. But it is taking on a new dimension – the entry of well-funded startups looking to cash in on the growing e-commerce trends.
KUALA LUMPUR: JF Apex Research expects KNM Group Bhd, GD Express Carrier Bhd (GDex), WCT Holdings Bhd, Malakoff Corp Bhd, Hibiscus Petroleum Bhd and Press Metal Aluminium Holdings Bhd to be among the stocks to watch on Tuesday.
MAYBANK IB Research is “neutral” on Sunway Bhd’s acquisition of Blacktop Industries Sdn Bhd (BISB), as it is awaiting further information on production capacity and utilisation rate from the management.