More PDZ's Shares Were Traded - Will It Continue Its Momentum?

More PDZ's Shares Were Traded - Will It Continue Its Momentum? | Hye all. Another great news about PDZ Holdings Bhd. Just today (8 July 2020), some 1.33 billion shares of PDZ were traded on Wednesday (July 8) and the stock rose the highest to 23 sen. As I have been receiving DMs and messages from fellow traders about PDZ, I concluded that when the shares of a company rises to such a high volume of shares exchanging hands it could mean something big is taking place. 

As for PDZ, it was mentioned that a new substantial shareholder has emerged from the United States - which raises a question of who could it be? There's a lot of talk that a large e-commerce platform operator in the United States has been buying shares in PDZ since it won a RM600 million logistics contract from an e-commerce platform operator in China. Naturally, Alibaba Group Holding and Tencent Holdings Ltd came up when people started mentioning e-commerce platform operators in China who operates Taobao and JD.com Inc. 

Now that there's a mention of an American operator, people started guessing whether Amazon or eBay are the ones that has been buying the PDZ shares? And why - could be be for some sort of partnership or synergy? Or are they simply interested in the e-commerce business in Malaysia? Let's hope there will be more news on this later on.

Of late, Malaysia’s e-commerce market has grown rapidly, fuelled by the rising of smartphones and the willingness of shoppers to buy from overseas. As the relatively high internet penetration rate increases just as rapidly as the growth of the e-commerce market in Malaysia, it is forecasted that the e-commerce market will grow at a compound annual growth rate of 24 percent a year.

So, what is the relation of all these increment to PDZ?

As the e-commerce market grows, PDZ's logistics business will grow in tandem as well. And these growing pattern will certainly attract a lot of investors, to get a piece of the cake. 

I mean, who wouldn't?

What about you? Don't be the last to take a bite at the cake.

Be watchful of this space for more upcoming news about PDZ.

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