Bursa MAL

Divfex Bhd (DFX, 0131) - Another Data Centre Related Stock !

minher
Publish date: Wed, 12 Jun 2024, 08:54 PM

Divfex Berhad is actively involved in the data center business through its 51% owned subsidiary, Excel Commerce Solutions Sdn Bhd. Recently, Excel Commerce Solutions secured a RM16.4 million contract from Extreme Broadband Sdn Bhd to supply and install data center equipment. This project, which started at the end of December 2023, is expected to be completed by the end of June 2024​ . This contract aligns with Divfex's strategic expansion in the technology solutions sector, enhancing its capabilities in data center management and related services.

OTHERS DIVFEX BERHAD - LETTER OF AWARD FROM EXTREME BROADBAND SDN BHD

DIVFEX BERHAD
Type
Announcement
Subject
OTHERS
Description
DIVFEX BERHAD 

- LETTER OF AWARD FROM EXTREME BROADBAND SDN BHD

The Board of Directors of Divfex Berhad (“DFX” or “the Company”) wishes to announce that Excel Commerce Solutions Sdn Bhd (“EXCEL”), a 51%-owned subsidiary of DFX, has on 18 December 2023 accepted a Letter of Award ("LOA") from Extreme Broadband Sdn Bhd ("EBB") dated 16 December 2023 to supply and install data center equipment system for EBB for the total contract value of RM16.4 million. The supply and installation of the data center equipment will commence by the end of December 2023 and is expected to be completed by 30 June 2024.

EBB is a private limited company incorporated in Malaysia on 5 May 2005 and has been in the business of providing system integration, application development, network consultancy related services, data centre management, disaster recovery services, maintenance support and other IT related services in Malaysia since 2005.

The LOA will have no effect on the issued share capital and substantial shareholders’ shareholdings in the Company.

The LOA is expected to contribute positively to the revenue, earnings and net assets of DFX Group for the financial year ending 30 June 2024.

None of the Directors and/or the substantial shareholders of the Company and/or persons connected with the Directors and/or substantial shareholders of the Company have any interest, direct or indirect in the LOA.

The Board of Directors of the Company is of the opinion that the LOA is in the best interest of DFX Group.

This announcement is dated 18 December 2023.

Prospects

The Group’s three (3) ICT subsidiaries, DGB, EXCEL and FINTHER continued to contribute positively to the Group’s revenue

and profit for the current quarter under review, with the synergy of the businesses for these three units continuing to improve.

Overall, the Group’s outlook remains positive for FY2024, barring any further worsening of the USD appreciation against MYR.

Following the successful outcome of the waiver application to Bursa Malaysia, the Group is currently embarking on M&A

opportunities and business partnerships in the data center business to continue growth in the ICT segment.

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speakup

NTPM also another Data Centre related stock. more data centre mean more workers at data center need to use toilet paper at data center

1 month ago

calvintaneng

Speakup

Goodmorning

Data center is like a warehouse storing goods
As such they do not employ workers to make things
A typical Data Center only employ as few as 50 people to guard those Hdd/Ssd drives in Data Center

Only Jcy, Notion and Dufu which employ multiply thousands of Bangla to assemble Hdd need lots of manual workers

Go for Stocks like Hexcap, Jcy or Dufu
If got extra cash and patience get some Tsh Resources as well

Remember our Bplant?
Eventually Tsh like Bplant will see its Value emerge

1 month ago

OrlandoWeb3AI

Hint.. Fly...

U all are messing up the tempo...

1 month ago

SaraInvestment

Laughing Hard

1 month ago

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