It is in panic mode.

How many who bought for the past 2 weeks have cut loss?

OngKawKaw, thanks. We are not alone.

I am wandering who are still supporting DNeX.

I could have done this and that - after it has happened. Otherwise you and I would not be here trying to maximise our investment.

I am still hopeful. We can't predict what would happen in short term. DNeX is in solid foundation to spur for high ground.

Who are still holding the DNeX's shares? Not many loyal supporters here?

The cheapest has yet to come is a true statement. The highest has yet to come too.

It took more than 12 million to throw from RM1.16 to RM1.14. More throwing down to come? Is the bull going to respond?

Trevor, I am just an ikan bilis. I have a happy marriage. I don't know about your marriage. I am Not like you, a professional of ..........

Many ikan bilis follows IDSS. Instead of short selling, sell the shares on hand and buy back later not necessary on the same day.

30 m for less than 30 minutes trading is a good sign.

Consolidation in progress.

RM0.4 really? Ha...... RM1.05 - Possible. Have the funds run away? I don't think so. Is DNeX in consolidation mode? May be depending on the direction and the timing of the next announcement or multiple announcements?

IDSS may have moved to Hibiscus?

Based on logical decision, I shall sell on Monday but there is something that attract me to hold on for the next wave of Uptrend. Furthermore, the chance to take over MIMOS facility and the JV possibility with Foxconn for EV businesses and the possible new JV factory, convinces me to hold for longer term.

shpg22, you must be out of DNeX for a long time.

TwoLegsBeing. I want to hear your explanation of USD80 per barrel will cause DNeX to make losses of RM19 million per quarter. It does not make any sense at all.

General corporation tax rates
The normal rate of corporation tax is 19% for the financial year beginning 1 April 2021 and will be maintained at this rate for the financial year beginning 1 April 2022.

Where the taxable profits can be attributed to the exploitation of patents, a lower effective rate of tax applies. The rate is 10%. Profits can include a significant part of the trading profit from the sales of a product that includes a patent, not just income from patent royalties.Oil and gas company regime
Profits that arise from oil or gas extraction, or oil or gas rights, in the United Kingdom and the UK Continental Shelf ('ring-fence profits') are subject to tax in the United Kingdom in accordance with rates applicable in 2006, i.e. a full rate of 30% and a small profits rate of 19%. Such activities also attract 100% capital allowances on most capital expenditure. A supplementary tax charge of 10% applies to 'adjusted' ring fence profits in addition to normal corporation tax.

Petroleum revenue tax is now set at 0% but is retained for technical and historic reasons in relation to certain old oil fields.

The PAT of RM43.83 M is not great but acceptable. Now the quarterly report has been announced, the only other catalyst I could think of is the expected announcement 1) Taking over MIMOS's production line, 2) Additional factory at the Silterra's vacant land, 3) The Foxconn JV - Could be EV components or something else. Please share if you have more information. Thanks

Dato, what sort of JV with Foxconn? EV? New factory? Thanks

It does not affect US directly. It affects more towards EU.

If can push back to RM1.21 this afternoon, it will be a fantastic day tomorrow.

The bear is fighting hard to prevent from going higher.

The only catalyst left is to have good quarterly result to be announced tomorrow after 5pm. The sign to look for is to push higher the share price remaining of today's trading and tomorrow.

Trevor777, you have unofficial QR information already?

Surprisingly Ukraine is still very calm and people of Ukraine is not fleeing.

Russia/Ukraine conflict has caused instability in the whole Ukraine and thus affecting eastern Europe. EU particularly is watching closely as it may affect directly the members neighbouring to Ukraine. Once the war escalates into a full blown war, refugees from Ukraine will stream into neighbouring countries. The big concern is whether Russia is aiming at recreating the Soviet Union.

6.7 millions shares sold for the last 10 minutes. Easier to push up again tomorrow as contra players will jump in again.

It could also be that the quarterly result is really extraordinary and pushing up only after the announcement.

Still no sign of pushing if the quarterly result is extraordinary. Just 2 more days to go.

The bear is playing hide and seek. Ha.... Interesting

Wow! the bear has a lot of bullets to fire.

No sign of pushing up if the quarterly result is extraordinary. Unless waiting for big government link funds to go on board. I am not saying it will or will not happen. I am guessing only.

All gives good advices in different prospectives. Sometimes, the inexperienced will normally pay to gain experience, otherwise they will not understand what your good intention is, even he or she is your children.

Natsuko, I don't doubt your insider news and your high expectation. I would be over the moon even if it is close to RM2xx million net profit. Personally I am expecting close to RM100 million per quarter.

Natsuko, 3xx millions net profit? a little too high expectation.

I am just a little bit disappointed with the closing of RM1.12 but still have hope for a better day tomorrow.

The bear is pushing down now. Is the bull going to respond?

It will be very interesting to find out the outcome of the battle between the bull and the bear this afternoon.

After 2 hours 15 minutes & 184 millions shares traded, it is back to RM1.17. Does it tell us something?

Goodboy, Thanks for the info.

GoodBoy, any IDSS vol?

Anyone has IDSS vol?

After careful thought, we must thanks IDSS indirectly for maintaining the share price at this level. Unless the bull can continue for a longer period, one day, IDSS will take advantage of it.

rr88 has his points and asking us to be cautious. If truly rr88 has been making money for the past 30 years, he must be doing something right. His way of buying & selling suits him. We all can learn from one another.

Personal prospective is important. Day traders, short term investors have different prospective as compared to those with mid-term to longer term investors. For short term investors, they see an opportunity to dispose off and buy back later. For mid term to loner term investors, they opt to wait for longer term if they see a bright future of the counter. Both are not wrong. Most importantly, we must know what we are doing to make money.

Hibiscus is continuing the uptrend after the announcement of quarterly report on the 17/2. It gives me confident that the uptrend for DNeX will continue even after the expected announcement of quarterly report on 25/2.

Is it because of Maybank's recommendation of TP RM1.7?

Hibiscus is reaching new high after consolidating for few days. How to explain in chart?