Trader Man. Share value goes up and down. In normal world share shoukd go up when company make money and when Company make no money share go down, right? Haha, simetimes and most of the time its not right, because of thise who want to earn trough daily fkuctuation of the share they will try to scare others when they just sold their share so they can collect later at cheap . They only do so in Company shares that moostly do well revenue and make good profit. Fro tken is one of thise Company. We shall see in one or two month from now where the sgare value will be, i assume above 0.5

OIL IS BULL NOW.. Anasuria increased the daily production to 5000 barrel. Dnex is still on the lookout to buy new oil field through Ping Petroleum.... future look bright for Dnex in 2018 and beyound.

6 digit is less than 1 milion, so how you expect anyone to pay you for a proof?. 000 000 1, lol..

You guys have any advise to tge rest of the team here regarding the heading of Huaan in next few hours and days,, you both waisting our time reading your unhealthy chalenges and argus. Lets focus here are you selling or buying now?..

You must be dizzy by now,,,

I am ready , dont know for what but i guess good things gonna happen,,

The idea to make you sell yours cheaper so other can collect.. if everyone keep his share and wait or top up more the share will have faster track to 0.495..

Buy Dnex now you want regret it, sure will move up non stop. With oil price keep moving up. More hightech project coming in Dec and Jan. Solide revenue and excelent profite margin.. all sign of good management. Good devident too. By and keep without worry..

Low volune, less selling, good hope for the share today to move up..

Some one keep blocking dnex at 0.410, i hope for a good reason to take off.. i am toping up,, sooner or later will move up. First operator will try to scare you by pushing the share down, however i am happy to keep buying at any price below 0.41

Go go Brahmal...you can do itttttt.

0.45 very possible. I looking for 0.495 still in 2017.

Queu to buy more,,,

Nice gang guys or girls, promoting cheap sale,, keep dreaming, you buy at 0.225 huaan will fall even further, no matter you do he will fall more, instead buy at high and huaan will kove up...

Show usualy start at 11 am, 3 pm and 4 pm, prepare for take off.

Up up up, non stop,, tomorrow show will determine the final heading of Palette, up to 0.5 or back to 0.30..

This Thirsday, all stock will fly up high, time to collect now.

Heard people say sell on news, buy on rumor,, unfortunatly there is no rumor today, only news, so this is why people are selling, qr is not so good as previously or as expected by many. To me qr is good however the share value shoukd be 0.65 unless Sabah deal is done now, as long as sabah deal not yet completed, Hibiscus share may fall back to 0.65 easaly, so many people here are very scared easaly,,,..so up to you..i am waiting to buy at 0.65.

While most stock are down bursa stock is one of top gainers,,this explain my theory.

If he doesnt do that someelse will do it,, maybe one of us, aha ,

I guess by now Mr Brahmal is preparing another 5 milion ringgit to up rev his stack in Palette,, its only take 4 milon share ( 1 milion ringgit) to move it to 0.38...on hold it

You are blocking frontkn at 0.395,,, we know that,,,

Yeh, rijack88, in the mean time, investor keep buying from those who gave up already,,,,

Company as Huaan that make about 40 milion ringgit profite per QR, ans still selling its share at 0.24 is very very cheap, especialy that Huaan have no dept.

Investors waitin Hibiscus QR results, and it shall not be good this time, they will sell and move to Dnex,,,,report shoukd be befor the end of this month..

Dnex shares are sold out buy now, tge only way is up. Hold on to your share or top up more as long as it remain at this low level. It is amatter of time the share will move up...

Klci is programmed to follow Asian market due to Asian commitment, so in order to do so, klci listed share will have to be brought down sistematically and without hesitation regardless the company fundamental, this mean a good opportunity for those waiting to buy at low.

Next week all klci will move up, so will Frontkn.

Confirm, tp 0.540

TA analyst for Dnex expect the share price to be 0.75.

Its just a feeling i have that this coming Monday Dnex share heading up and may suprise all of us..something is breuwing this week end.

I see this trend before in Hibiscus, the share was suppressed down fir about 6 month, at level 0.40 to 0.43, and then 20 Spt 2017 came unexpectidally and moved the share up from 0.46 to 0.665 in ONE day.. check it out yourself at bursa malaysia site.. same is expected with Dnex, how more share we grab before tge operator how faster Dnex will rize.. truss me on this.

Thanks Tai KT for sharing tge shareholders link, it is clearly shown that 900 milion shares are owned by these institutions, non of them have sold his share recently, so i am confident tgat Dnex will rize soon, same as before ,,perhaps some of you here in this blogg are waiting the best price to enter to buy, i leave the timing to you to judge, however i do not mind to keep topping up at these level 0.415 as its very cheap now.

Uncle lim, you go and delist yourself from this blogg if you realy believe your word. You need to come up with a proo, do you have to share?

Niko means f**k in some language,, better change nikosun, nekosan,

Outlook
We understand that DNeX is looking to acquire a similar oil field to Anasuria cluster. If this materializes, bottomline would be boosted significantly. DNeX is in an ideal position to acquire new assets given its net cash position and robust free cash flow.

There is huge growth potential for the VEP-RC system going forward. We believe DNeX is the frontrunner to secure the capex and opex portion for the Thai border given its industry expertise.

Additionally, there may be other applications for its RFID (radio frequency identification) technology such as multiflow lanes.

Valuation
Our TP remains unchanged at RM0.75 based on SOP valuations. Maintain BUY on DNeX as in our opinion, it expanded into the O&G sector at the right time.

Source: TA Research - 22 Nov 2017

This is what TA analist posted on 22 Nov 2017. TP 0.75

Dagang NeXchange Bhd (DNeX) registered 9MFY17 core net profit of RM42.1mn (+57.8% YoY) which came at 66% and 69% of ours and consensus’ full year estimates respectively.
We deem this within expectations as we are expecting a spectacular 4Q underpinned by
1) better average crude oil price coupled with higher utilisation of Anasuria FPSO after scheduled turnaround,
2) one-off final payment of RM9mn from Malaysia-Singapore VEP-RC capex contract and
3) more deliveries of portable container systems to Petro Teguh.

3QFY17 core net profit increased 24.9% QoQ and 14.0% YoY to RM14.9mn on the back of
1) higher contributions and better margins in the IT segment and
2) EBIT level turnaround at Energy segment despite the decline in revenue.IT segment revenue improved due to higher contributions from the eWork permit, trade facilitation and VEP-RC businesses.
However, revenue from energy declined as progress billing from Petronas Carigali slowed down.

Associate contributions, i.e. Anasuria cluster improved 11.1% QoQ but fell 34.6% YoY. As mentioned, the scheduled turnaround in September did not impact earnings as seen from the QoQ increase. For the YoY decline, we understand that this was due to reopened sour wells resulting in a surge of production during the last 2 quarters of FY16.No dividend was declared for the quarter under review.

Yes, time to buy now.

Show in 5 minutes...up to you buy or sell,,

New major share holder / investor will join Palette tomorrow,,

Orange88, you are the moll,,stop your fantazy, because i know you are holding the key to move the share up or down, it does not take much brain to do so,,be careful, all can turn against you one day,,

Correction already passed away, time to move on,, go go go,,

KUALA LUMPUR: While Wong Thean Soon of MyEG Services Bhd has exited Palette Multimedia Bhd

image: https://cdn.thestar.com.my/Themes/img/chart.png

, another known investor, Brahmal Vasudevan, has emerged in the company.

Brahmal’s emerged as a substantial shareholder with a 5.2% on Tuesday in the company that provides services to the mobile health . The stock went up by 5.5 sen the following day to close at 37 sen on a volume of 53.3 million shares. As of yesterday, Brahmal has some 20 million shares or a 5.89% stake now. 

Brahmal said that his interest in Palette was for its product as well as the earnings prospects on the medium term.

“I expect it will take time for the company to yield full potential and one would need to be patient over the medium term. But the early signs are good and if the company continues to deliver, it could get rerated in the process,” Brahmal told StarBiz.

Brahmal is the founder and chief executive officer of private equity firm Creador Sdn Bhd and is known for his investments in companies whose business model is driven by the need to meet consumer demand whether through technology or other ways such as retail and food outlets.

Shares in Palette have been in the spotlight since Brahmal and other investors such as Wong first took an interest in the company back in August. Palette was only trading at six sen in the beginning of the year. Since the emergence of new investors, the stock has had a new lease of life, touching its high of 52 sen earlier this month.

Sentiments on Palette however dampened when Wong, better knowns as TS Wong, announced his exit from the stock and other investments, stating that he was merely a passive investor. Wong made public his announcement after some stocks where he held small investments ran ahead of fundamentals on speculation of a corporate exercise.

During Palette’s price weakness last week, Brahmal said that he took the opportunity to up his stake.

For the first quarter to Aug 31, 2017, Palette staged a turnaround, recording a net profit of RM3.03mil on the back of RM7.84mil in revenue. This was from a previous loss of RM516,000 on the back of RM222,000 in revenue.

If Palette’s earnings were to be sustained, this could potentially work out to RM12mil a year, which would mean a price earnings ratio (PER) of 10.2 times at its current price of 36 sen.

This sector valuation is between 15x to 20 times, depending on the growth and sustainable of the individual companies.

Meanwhile, Eg Kah Yee, the chairman of Palette, said that his priority now is to continue building and expanding the business and leave it to the capital markets to play its role.

“We welcome and appreciate all types of investors. Long-term investors provide price stability, while short-term investors add to the liquidity and both are needed.

“Brahmal visited us a couple of times to understand the business in greater detail and had expressed that he is a passive but professional investor,” said Eg. 

Since March this year, Palette has been announcing a series of hardware platform sales to Trade House Atlantis Ltd. This company is associated with RKSS Group, one of the largest telecommunications system equipment developers and integrators in Russia.

While the contracts are for Internet of things platforms, they come with various cloud application softwares, including mobile health cloud and network access management.

For the month of October alone, Palette continued to win more Russian hardware contracts totalling RM7mil. To date, Palette has won a total of RM40mil worth of contracts.

 

TAGS / KEYWORDS:Corporate News


Read more at https://www.thestar.com.my/business/business-news/2017/11/23/why-brahmal-bought-into-palette/#rDIItClupqtMh3TU.99

https://www.thestar.com.my/business/

Go to Star online and read about the reason for Brahmal joining Palette, i coukd not open the link,,

https://www.thestar.com.my/business/business-news/2017/11/23/tencent-plans-epayment-launch-in-msia-next-year/

I heard Tencent is reaching over Dnex! Anyone knows more? I know that Tencent got a liscense to operate in Malaysia and looking to invest!

Those who need to sell at 0.43 or 0.425, just sell it all, we are buying..

I admit, i love Dnex, no matter what happen, i truss the company business portefolio, since its strong and diversified in O&G and technology,,and after all Dnex is making money every quarter with increasing revenue and profite,,,

Today will close above 0.4