AmInvest Research Reports

Stocks on Radar - Dagang NeXchange (4456)

AmInvest
Publish date: Wed, 21 Jul 2021, 09:45 AM
AmInvest
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Dagang NeXchange (DNeX) rose and touched the RM0.77 resistance level. With its RSI indicator trending upwards, coupled with a higher high candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.81, followed by RM0.845. The downside support is marked at RM0.695. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.77

Target: RM0.81, RM0.845 (time frame: 2–4 weeks)

Exit: RM0.695

Source: AmInvest Research - 21 Jul 2021

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Bgt 9963

Post removed.Why?

2021-07-23 08:48

Gerard Lam

Note that Silterra has turned profitable for this quarter as semiconductor shortage continues to loom.

Silterra is expected to make further quarter on quarter profit increase as Average Selling Prices for 200mm wafer increase significantly.

Silterra is expected to make USD22mil EBITDA (or RM88mil) for 2021, and profit after tax of USD 13mil (or RM53mil)

For 2022, Silterra's profit is expected to increase more than double above RM150mil due to further increase in Average Selling Prices

2021-07-23 10:04

Gerard Lam

For 2023 and beyond, Silterra's profit will increase to more than RM300mil (between RM300mil - RM500mil) due to maturity of silicon photonics and MEMS.

Both silicon photonics and MEMS are used by large global clients in Electric Vehicles and Data Centre

2021-07-23 10:04

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