THE dire situation in the local last-mile delivery market, thanks to oversupply and cut-throat competition, is unlikely to go away anytime soon, with analysts expecting the two main players Pos Malaysia Bhd and GDEX Bhd to remain in the red for the next two years. Analysts are lowering their earnings estimates for both Pos Malaysia and GDEX in the financial years ending Dec 31, 2022 and 2023 (FY2022 and FY2023) to reflect the latest quarterly results. They now expect the two last-mile delivery players to post a net loss.
KUALA LUMPUR (Feb 28): Bursa Malaysia has rejected Nationwide Express Holdings Bhd's application for an extension of time to submit its regularisation plan.
KUALA LUMPUR, Feb 28 Bursa Malaysia has rejected Nationwide Express Holdings Bhd’s application for an extension of time to submit its regularisation plan. Hence, pursuant to paragraph 8.04(5) of the Main Market Listing Requirements, its shares trading will be suspended from trading with.
Independent directors of Serba Dinamik Holdings Bhd may hold the clue on the audit issues raised in the company recently, which could help minority shareholders make an informed decision amid a heavy sell-off in the counter this week.