Looks like RSS stopped their feeding today....
I reckon it scent blood sometime in August on Silterra Mgt upheaval and doubled up on their scavenging activity to yesterday. Maybe it didn't work as expected ....
How come they can smell blood earlier than others, I wonder?

What is the punishment for corruption in Malaysia?
The maximum penalty for this offence is a fine of up to RM1 million or at least 10 times the value of the bribe (whichever is higher), or up to 20 years imprisonment, or both.

The country need to stem the rot...

A cheaper and leaner MC (Mgt Committee members) for a good start
...... a lesson our Cabinet can learn from...

MACC investigations are potentially related to a legacy issue .... "legacy" is something that is passed to you from a predecessor or from the past.... Comprendre.

RSS starts scavenging for food again in Dnex
.... it must have smell some blood...

... Foxconn has signed a long-term contract with SilTerra and is having discussions with SilTerra about engineering and businesses partnerships......from the grapewine

RSS feeding on Dnex again.
After buying back all 3950 lots last week...
RSS step in again yesterday to sell 2658 lots ...
Today sold some more 4190 lots ....
These RSS guys are just stirring sheet in the market.
Who say they are good for the market?

China's biggest foundry founder founds another foundry....

https://www.scmp.com/tech/tech-war/article/3143964/smic-founder-timely-comeback-his-new-china-fab-ramps-amid-surging

Someone mentioned Politik tak stable.... Vely Relevant...
Choosing Stocks is like to picking Politicians....
They are Tough Choices... You Need to Decide...Which Team?
The Incompetent vs The Corrupted?

Not to worry.... Brent prices up! Chip prices up!
If it's from recyclable wood & nuts, just get used to replacing the cabinet every 2 years....

Uncle Koon, I agree with you.... Patience is Key in Investment.
There are just too many species of sharks in the KLSE.
You are mostly right but sometimes can be wrong. Price action dynamics can sometimes misled the share movements vs performance of a company.
Maybe, you can have a look at High Tech or Chips stocks and give me your trending views. Fundamentally, you are quite forward looking ....

I reiterate ....Watch SMIC and its shr price!
When you get it right, it will take off!

https://www.tradingview.com/symbols/HKEX-981/

Silterra was built during the era of Malaysia development of BOT model (Build-Operate-Transfer) model like it was done for the PLUS & other highways, LRT/MRT trains, etc. Silterra need to do a 'reverse BOT' and operate as a contract manufacturer.

Must follow the SMIC 'Reverse BOT model' where Kulim or Penang can be hub for High-Tech eco-system. It is imperative that a high-tech cluster is be created in the municipality of a wafer foundry to be successful and operate like a contract manufacturer, so that it can build scale without necessarily confronting immediate large scale outlays. This can sharply lowering its capital costs. This model can give SilTerra a unique level of flexibility in an industry where capital costs were the major driver of product costs. Just my 2 sen.

To monitor SilTerra performance, SMIC would be a better indicator than TSMC, Samsung or UMC.
Two-thirds of SMIC's total wafer production are 200mm, only one-third is 300mm.

SMIC focused on Leading Edge nodes while TSMC & Samsung on Advanced nodes. Advanced nodes are capital-intensive and need GigaFabs to drive costs down.

SMIC's 300mm projects have been a mixed bag with the unprofitable ones sold. SMIC is increasing its 200mm fabs as demand are growing in the coming years, albeit 200mm fab equipment is hard to find. SMIC, like SilTerra has been unprofitable for many years. The tide has turned and these 200mm foundries are starting to max out in their capacities starting January 2021....

Watch SMIC !
https://www.tradingview.com/symbols/HKEX-981/

It will be more interesting in 2023 if Dnex can dispose off Ping Petroleum as Brent oil price spike .... to just focus on Tech industry .... on auto chips, NSW, subsea optic cabling, etc.
Currently, oil price looks good as it trends upwards .... as over the past 12 mths the top 10 oil producers (1.USA to 10.Kuwait) have produced 19M less bbls/day compared to Jun 2020

Arcadia Acres shareholding interests have gradually declined from 18% to 15% as at June 2021.
We may see new shareholders taking lead positions as Arcadia may move away to Syariah-compliant digital banking. Just like Karim (who sold OGPC to Dnex 5 yrs ago) who sold his stake to Foxconn in June....

It will interesting to speculate who will the next 3 main sharholders of Dnex .... many are eyeing silTerra in their scope.

Let's hope GlobalFoundries decide not to sell to Intel .... and what Intel or US will do next?

Correction: SilTerra recorded a revenue of RM556.4m and a loss after tax of RM64.5m in FY20....
https://themalaysianreserve.com/2021/07/22/dnex-to-grow-silterra-into-global-player/

I reckon starting July onwards i.e. FY21, we can see increasing revenue n profits each quarter as it operates as the new Dnex (w/90% Ping n 60% SilTerra).
Next month's earnings call on Dnex's FY20 results (reporting for 18mths) will close this old chapter of Dnex.....

Uncle Koon, Sinopharm and Sinovac(aka coronavac) are 2 separate vaccines produced from inactivated virus developed by China.

CNPGC is the China state-owned company that produces Sinopharm.
Sinovac Biotech Ltd is Beijing based Biotech company listed in Nasdaq that produces Sinovac.

Since Malaysia will soon allow the commercial sale of covid-19 vaccines manufactured by Sinopharm and Sinovac to ramp up inoculation rates, companies like DuoPharma and Kanger(for Sabah), etc. may be approved for vaccine sales.
It is likely Pharmaniaga will cease Sinovac supply to govt's PPVs after the free 12 M doses used up and it can resume selling commercially like the others.

It is also likely that for your future booster dose of vaccine after 1 Sep 2021, the public has to pay for the vaccination through the commercial clinics.

KYY is right on the purchase Sinovac vaccine for faster rollout of vaccination to Malaysians.

Chile and Malaysia are in quite similar dire situation where daily covid cases spike to 6000-8000 cases a day (Chile in Apr-Jun, Malaysia in May-Jul).
Since end of June, Chile's new cases have dropped below 3000 per day.

Questions were asked on Chile's success on vacccinating so many people?

Answer : One is the storage method, undoubtedly. Pfizer requires storage in super cold units that keep at -70 degrees, which in Chile we do not have. Chile’s territory also brings limitations – it is a very long country. Sinovac’s vaccine requires very simple storage mechanisms from 2 to 8 degrees Celsius, helping it be dispatched across the country without a problem.
Two, Sinovac is readily available and all vaccines are on Phase 3 trials and for Emergency Use. The objective is to save lives and not to select vaccines for travel purposes for those going to the East or to the West. There will be more booster doses every year to improves efficacy against variants.

I like what KYY writes.... simply correct about Sinovac, women and pineapple, but sometimes wayoff on Jaks, Hengyuan, Dayang, Supermax, margin trading, etc.

Gamestopping the RSS players now?
In the next few days, the Dnex shrs will reach an inflection point that is near to the countdown date for warrant redemption. Total Shares dilution from warrants is about 20% and this is already reflected as it has dropped from 90 to 72 sen.... so, fully discounted.
There are still some 3.7M shrs held by RSS players on Dnex. RSS is an unfair game for retailers and need to be stopped.

I've read Gem Seeker aka Yeoh HH's account has been suspended from posting to the i3investor portal until 08/07/2021 due to repeated abuse posts... this kind of uncouth, crass, vulgar comments should be prohibited. Allowing you to comment on a forum doesn't mean you can go on insulting others incessantly....

Why worry so much about the daily movement of Dnex share price?
There are just lots of play in this counter ... exciting time for traders & scalpers !

Ask yourself ... is the bizness getting better n will get better every qtr until 2024?
Brent oil price now at US$75/bbl (vs $61 last qtr) and there is worlwide shortage of semiconductor chips. Silterra is already profitable in recent qtrs and will continue to increase its profits over the next 12 mths. With Foxconn input, certainly Silterra profits will be exciting... Look fwd to future earnings. |

The Mgt & Directors in charge of DneX are good people......
If you need to blast, it's the shifty traders that are out there to scalp you..............

Hoping Bursa or SC keep an eye on DneX trades.....

Manipulative trading strategy known as “spoofing".

Trader placed bona fide orders on the opposite side of the market for the same stock and took advantage of the artificially inflated or depressed prices. Immediately after the bona fide orders were executed, the trader canceled the spoof orders.

“Spoofing is an illegal tactic where traders place fake orders to trick others into trading at inflated or depressed prices,”...... so far, no resolve to prevent this form of market manipulation by Bursa or SC.

Smart People and Not-So-Smart People

Two of the country's smart people work in Dnex .... usually, the not-so-smart are in politics

One is Tan Sri Syed Zainal Abidin - Engineer, Deputy MD Perodua, CEO Proton, CEO Petronas Dagangan and now CEO DneX.

Two is Firdaus Abdullah - Electrical Engineer from Stanford University USA, MBA for Oxford Univerisity UK, IT Engineer at Intel, Venture Capitalist and now CEO Silterra.

One understands cars and Two understands semiconductors.

Make your choice...the right bizness and the right people...
The smart ones understand business and their products....
The not-so-smart ones usually don't understand the business and also the people ....

Semiconductors : Deliveries have been affected, with no fixed time for certain products, said the manager. The company has expanded its production capacity by five times the level of 2019, but it still can't cope with the market demand.....

Here we go again.... same story like gloves, palm oil and MK durians... Next, they will be using words like lead times, delivery schedule, spot orders.... and the Analysts from CGS-CIMB, JPM, Macquarie will flood the scene with their valuations and how the shortage will end...

Whatever it is, there is going to be risk and excitement.... If got no risk, where got excitement?

Take the Adventure trip, and not the conducted tour if you wear pants...

https://www.globaltimes.cn/page/202106/1225871.shtml

What are Dnex Plans?
Foxconn has bot 5% or shrs from shareholders of Dnex, not from PP that could be 20% cheaper.... What's the catch?

Can this happen?...Foxconn will increase its shareholding to 25% by buying from the retail market or from Arcadia Acres.

Then, Foxconn as majority shareholder can propose in EGM for the private placements to be in tranches as when needed in SilTerra capex. Meanwhile, Dnex can raise funds from divestment like selling NSW/IT(to Censof?),sell Bangladesh power plant, sell Subsea cabling business, etc.
Also, Ping Petroleum is ripe for divestment to Hibiscus or Arcadia Acres? Arcadia Acres can pay for Ping with Dnex shrs. Foxconn then buy over the Arcadia's Dnex shrs (20%). This can be done in 2nd half of 2021 when Brent oil hits US$ 80/bbl.

After disposal of these side businesses, Dnex can now focus on its core business *Silterra* and any new downstream businesses like OSAT (Outsourced semiconductor Assembly & Test), etc..

Foxconn can come in to add value with its efficient contract manufacturing, delivery ecosystems and as a captive buyer of automotive semiconductors....

This strategic partnership will position Malaysia higher up in the value semiconductor supply chain. This can eventually be a US$1 billion business for Dnex & SilTerra.... with no other distractions

6/6/2021

Silterra's profitability has been confirmed by TunM in 2019 when he mooted for Silterra to fund the 3rd car project.

While we are still considering the car project for some 3 yrs,.... Today, Foxconn has teamed up with Thailand PTT PCL to make an electric car open platform (MIH) for Asia.

If we had listen to some tips from the country's Old Men, Malaysia's Proton would now have Geely, Foxconn & Silterra jointly producing the cheapest electric vehicles in the the market.

Imagine another World's Best (adding to the likes of gloves, palm oil & durians) of the electric car made in Malaysia with semiconductor chips also made in Malaysia.


https://m.facebook.com/najibrazak/photos/a.294787430951/10157602685175952/?type=3&source=57

https://www.theedgemarkets.com/article/dr-m-says-private-entities-silterra-will-fund-third-national-car-project

https://www.theedgemarkets.com/article/foxconn-teams-thailands-ptt-make-electric-vehicles

Chip supply is effectively sold out for the whole of 2021 as little new capacity will come online before 2022, something that automobile makers are finding to their cost.... So, easier to turn around Silterra when the chip prices are up...

Why SilTerra is a value buy?

To set up a 200mm wafer foundry now cost minimum USD $1 B. and to set up a 300mm foundry about USD 2-3 B. There are not many 200mm wafer foundries in the world - one in US, one in Japan, one in Taiwan, 3 coming up in China... as many chipmakers migrated to 300mm....

Covid-19 pandemic is a driving force behind current chip shortages. Increased consumer device sales driven by work-from-home trends, supply chain disruptions left chipmakers struggling to respond to a growing global imbalance in the semiconductor industry. 

Analog chips, display drivers, power management ICs and RF devices are produced in 200mm (8-inch) fabs — not the 300mm (12-inch) fabs used for cutting-edge chips.

High barriers to entry and long lead times (18 mths) to set up a 200mm wafer foundry. OEMs are also looking for legacy machines, some 20 to 25 years old, in order to remanufacture them to support smaller wafers. In short, all of the sudden, vintage equipment is a hot commodity.

SilTerra is valued at more than USD 260M. yet DneX got it for Ringgit 263 M from Khazanah.
(Fab 3E in Singapore was sold to Taiwan’s Vanguard International Semiconductor (VIS) Corp in 2019 for US$236mil. Fab 3E produces 200mm wafers, like SilTerra. It has a production capacity of 35,000 wafers per month as compared to Silterra’s 46,000 per month.) Go make your valuations.

Going fwd bodes well for Dnex and SilTerra....likely more than RM 260 M (60% SilTerra) in extra revenue a year for Dnex. Brent oil price is already USD 10/bbl more than previous qtr so can expect more revenue from Ping Petroleum.

Hold on to your Censof ..... it is a beneficiary of new tax reforms.
New taxes, like vaccination is no longer an option........ just need execution

Censof had some 117 M shrs of DneX in Jan 2020, now only 10 M shrs.
On hindsight, the lesson learnt is not to buy shrs on money you do not have, as you can lose all on a nasty margin call (ask KYY who knows a lot about margin buys).

If Censof has kept its 117 M. DneX shrs, by 2024, DneX shr will be worth USD 1 per shr (esp with Foxconn on board) and Censof would have been RM 500M richer..... sad twist of covid pandemic

Listen to some good biz chat ... if you've missed it on 26Jan2021 .... maybe you'd like to learn from 2 smart people talkin' on BFM radio. I wonder why the best people are not in politics?

https://www.bfm.my/podcast/morning-run/the-breakfast-grille/dnex-does-silterra-acquisition-make-sense

Foxconn is interested in snapping up an 8-inch wafer fab owned by SilTerra Malaysia. That facility utilizes CMOS processes to fabricate analog and mixed-signal, high voltage, logic, and radio frequency components. Foxconn initially expressed interest in bringing the complex under its umbrella last December, but lost the bid. Silterra has to be in Malaysian hands....

Why Foxconn Wants Fabs That Use Older Manufacturing Technologies???

The corporation is not looking to establish chip factories with the capability to make leading-edge products. Instead, it wants facilities that can fabricate 200nm and 300nm silicon commonly used to make automotive electronic parts. Having an ample supply of those components on hand will be crucial to its EV project succeeding.

Foxconn recent efforts indicate it wants to control its supply chain to win the business of leading automakers. Since the global semiconductor shortage has severely disrupted several major industries, its strategy is prudent.

Foxconn In Talks to Buy Stake in Silterra. Foxconn or Hon Hai Precision Industry Co., has been growing its footprint in electric vehicles... it does not matter whether it takes a stake or not. Taking a stake is to just ensure supply of semiconductor chips.

DneX partner in Silterra, Beijing CGP is the major investor at 40%. CGP is a venture capital and private equity firm focusing on investing in semiconductor industries around the world, on behalf of the municipal government of Beijing.

Semiconductor companies with CGP as a shareholder include SMIC, China’s answer to Taiwan Semiconductor Manufacturing Corp (TSMC), the world’s largest chip fabricator.

Besides SMIC, CGP has investments in a plethora of other companies that form an ecosystem of semiconductor industry players. With SilTerra now part of that ecosystem, it will be able to tap the expertise of the other investee companies and have a market for its products.

In 2 yrs, Silterra will be a good turnaround story.... after all, you're going to be staying at home for the next 2 yrs with the covid pandemic still raging in ...asia

Dnex has got plans and its ground covered ........ all covid-proof.

(1) 60% in Silterra
(2) 90% in Ping Petroleum
(3) NSW Concession with Custom dept

......“Ping Petroleum (owned by Dnex 90%) has successfully kept and continues to reduce operating costs to below $20 per barrel to ensure the company remains profitable and generate a positive operating cashflow despite the soft and volatile market conditions.....

No more private placement, the 50 M shrs placed out are sufficient for the ABSS acquisition.... No need as it is generating cash each qtr and also started giving dividends...

mySejahtera is a good initiative to 'Bersama Malaysia' n a good start to big data, no need for Banci Malaysia or e-Census. Also, our past Parliament sittings were turbulent (like suspensions, fistfights at the Hall) and sometimes a joke (like 'bocor', etc), so it is probably a good thing to have a cloud Govt and cloud Cabinet where sessions will be more civil. I know I'm more civil on Zoom sessions as I do not shout or insult......

..... So, I wholly support this Govt initiative to migrate 80% of its data (& parliamentary sessions) to cloud....

https://themalaysianreserve.com/2021/04/20/govt-to-migrate-80-of-data-to-cloud-by-end-2022/

Microsoft, Censoft, TM..........to strengthen the public sector Cloud infrastructure, following the govt’s announcement to migrate 80 per cent of public data to hybrid cloud systems by the end of 2022 with its Cloud-First strategy.

“This was in line with the government’s aspiration in driving Digital Malaysia through improved connectivity and infrastructure like Cloud and technical capabilities........."


Looks like we're going upwards to a Cloud govt & Cloud cabinet, Cloud kitchen & Cloud hawker, cloud office, cloud sports (online games), cloud house (a unique way of harvesting rain?), Cloud doctor/WebMD/Doctor Anywhere/Telemedicine, Cloud prayer or Pray@home, etc. .................................... all these means are we empowering Microsoft Azure, Google, Amazon AWS, Censoft GRP/Netsense?

Censof is a beneficiary in a new tax policy for Govt agencies and SMEs ...

Indonesia's government proposed a shakeup in tax policy, including introducing new levies, to help it boost next year's revenues while reducing the budget deficit ....

Read more at https://www.todayonline.com/world/indonesia-fin-minister-proposes-451-485-deficit-new-tax-2022

Read more from S'pore CNA
https://www.channelnewsasia.com/news/business/indonesia-to-propose-fresh-tax-amnesty-plan--minister-says-14841458

If Malaysia is unable to buy more vaccines or enhance its Public Health system...... then we will be broke as well as sick....

New tax policy is imperative like VAT and windfall tax (on palm oil & rubber gloves when they exceed a ceiling selling price)

Covid cases usually peak after an election or festivals, like in India, Malaysia, USA, Singapore, etc. as Covid-19 is public communal infection and then it will tail off. In Malaysia, consumption of goods normally tail off after the CNY/Hari Raya season as monitored in Unilever sales. After this season, covid-19 is trending downwards ...

Globally, total Active or hospitalised cases peaked at 18.5 M in Jan/Feb and then Apr/May.... and yesterday total Active cases is 15.8M and Active case will continue to drop at about 2 M. a month.... no more elections or festivals until next year.

Today, it's just about 1 week after Hari Raya...

Quarantine workers, closing shops and stopping factories for 2-4 weeks are like pressing brakes all the time on the recovery of the Economy.

When you do not have enough test kits, then you can quarantine for 14 days for observations. These days we have plenty of test kits, just not enough clear thinking .....

It is likely that the Malaysia's new covid cases has peaked (or within days) and we do not need another full MCO. The Public Health system will collapse if there are insufficient budget to improve it & to purchase vaccines every year (or else, an expensive option to eventually nationalise some private hospitals that are unused and empty).

This calls for Malaysia to introduce a new tax structural reforms like VAT (value added tax) improve the Govt revenues n reduce the budget deficit. Malaysia's tax policy need to be expanded !
Waiting for economic recovery to increase Govt revenues may be years too late.

The coronavirus economic recovery, continued tech adoption and increased demand for public health system are 3 trends set to dominate consumer behavior in Asia in 2021.

In line with Govt Budget, Govt debt rose from 52% of GDP in 2019 to almost 60% of GDP at Q3 of 2020.
The expected rebound in growth in 2021 has faltered since the covid infection 3rd wave in Jan-Feb and 4th wave in Apr-May 2021.

To bring the virus under control, 3 corrective measures are needed :-
1. Hygienic measure
2. Vaccine measure
3. Tax measure...... as Public Health and Vaccine measures all cost a lot of money

Another 4 mths to go before Bajet 2022, I wonder whether Censof starts to work on the VAT or GST software details with the Finance Ministry to implement new taxes.......... or else HOW to cover the fiscal deficit of 6% GDP of 2021 or RM 90 B. from the various stimulus packages (Prihatin, Penjana, SME, PERMAI & PEMERKASA).... last count 6 stimulus packages but still no new taxes .... how to balance the account ? ..... ask Censof, lah ! Censof got the data....

I see that Topglove only need 2 weeks to present to make their qtrly earnings call plus presentation briefs. Why is it that an IT company like Censof need more than 8 weeks to present their qrtly results? What is so difficult to amalgamate revenue, costs & profits from several countries into one report of 10 pages.

It is like Bursa Malaysia is not doing anything efficient to improve the market for the past 20 yrs to make listed companies computerise accounting for prompt quarterly/annual results and Mgt Biz reviews.

All transactions, stock trading and banking transfers are now instantly fast, but quarterly results and presentations are just tardy.

Maybe Censof can design a standard software solution for Bursa listed companies to follow a similar format and briefings that are clear and transparent, rather than leaving the report to the Executive Directors to design their own or off Balance sheet and P&L accounts.

SuperMX and Harta will drop more becos they are in the US market. US will continue to use less gloves as they pump in more vaccines. Also, US will now pay lower prices for gloves as the urgency is not there...

TG is in new markets and let many contractors do the distribution of gloves .... No need for ODM or branding...

Mercator Medical share price down 17% today .... why?