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2022-02-24 23:42 | Report Abuse
KUALA LUMPUR: Dagang Nexchange Bhd (DNeX) recorded a net profit of RM43.83 million in the second quarter (Q2) ended December 31, 2021, on the back of a revenue of RM353.31 million.
There were no comparative figures for the quarter as the company changed its financial year-end to June 30 from December 30.
For the six months, DNeX registered a net profit of RM337.39 million against RM624.18 million in revenue.
On a quarter-on-quarter (QoQ) basis, DNeX reported an operating profit of RM75.94 million with an increase of RM42.63 million compared to the immediate preceding quarter of RM33.31 million.
"The contribution mainly derived from the technology segment due to higher wafer shipments and operating expenditure (opex) optimisation resulted in higher profit in the current quarter.
"The IT segments contribute operating profits in line with revenue for the current quarter while the energy segments provide slightly lower operating profits mainly due to lower uplifting in the current quarter," it said.
Moving forward, DNeX is optimistic that semiconductor wafer foundry, SilTerra Malaysia Sdn Bhd, will deliver continuous growth as further investments are made to improve production capacity and efficiency yields.
Capital expenditure (capex) investment totalling RM645 million has been earmarked to increase the annual production capacity of SilTerra by 20 per cent to 10 million mask layers annually, which will be ready by early 2023.
"The expansion in production capacity will translate to a better economy of scale, with further improvement in manufacturing cost.
"Furthermore, SilTerra will have available capacity to expand its technical offerings in new emerging technologies such as microelectromechanical systems (MEMS) and silicon photonics devices which have much higher average selling prices.
"This will allow SilTerra additional capacity on additional business opportunities arising from the robust demand for semiconductor chips due to rising technologies in Industry 4.0, artificial intelligence and Internet of Things," it said.
Meanwhile, DNeX said oil and gas (O&G) upstream producer Ping Petroleum Ltd would directly benefit due to higher average selling prices, increasing profitability.
"It is an opportune time for Ping to monetise the attractive reserves in the Anasuria Cluster and execute the development of our greenfield asset, such as Avalon Oil Development," it said.
DNeX said the industry outlook for the group's core businesses, especially in semiconductors and O&G, are expected to remain favourable in the near term.
"Coupled with efforts to strengthen its business fundamentals, the group is optimistic to deliver a favourable financial performance in the financial year ending June 30, 2022," it added.
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2022-01-23 23:25 | Report Abuse
Our Cleanroom
SilTerra's Fab is an award-winning 200mm facility. Our state-of-the-art Clean Room is a Class 1 SMIF mini-environment. The designed capacity of the fab recently expanded from 30,000 wafers per month to 46,000 wafers per month.
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2022-01-18 12:59 | Report Abuse
We initiate coverage on DNeX with a highly convicted BUY recommendation and
TP of RM1.35/share based on sum-of-parts (SOP) valuation. We peg its
technology segment to a CY23F P/E of 25x, which is at a slight discount to its
global peers weighted average forward P/E of 26x. While we understand that
SilTerra is a relatively small player in this space and has a relatively promising
technology vs. its listed global peers, we believe that valuation is justified as we
are expecting SilTerra to grow faster than peers, with a growth of 28% (vs. a
weighted average of 23% for its global peers). At about 14x FY23F earnings in its
entirety, we believe that DNeX is a compelling case given its strong foothold in
both the semiconductor and energy spaces.
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2021-08-26 17:21 | Report Abuse
Bemillion: after 15 Sept, how much will Kanger be by then?
If RI is 0.06
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2021-08-03 15:21 | Report Abuse
The 10-year agreement reached between SOLUTN, 0093, GEM Technology Group) and CanSino, Tianjin, China, with a total value ranging from RM300 million to RM600 million.
The company's statement in response to the exchange's inquiry stated that for 2021, it will be from July 1 to December 31. The company will apply for "Good Manufacturing Practice" (GMP) certification to the National Pharmaceutical Regulatory Agency (NPRA) in August. Once approved, it will start bottling and producing finished products locally.
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2021-07-29 15:17 | Report Abuse
Thanks iHunter for chasing it up.
This is the second time KJ shook this counter. The last time I just entered at 1.80!
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2021-07-27 20:09 | Report Abuse
http://solutionbiologics.com.my/developments.jsp
Fill and Finish
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2021-07-22 19:09 | Report Abuse
Is the 14 million given for free by China and Government is selling it?
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2021-06-04 08:43 | Report Abuse
Any one know how to get the Conversion form? Who to email? I sent email to Dnex but no reply.
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2021-03-07 05:43 | Report Abuse
https://youtu.be/D27xFXsjtKs
Biden approved 1.9 Trillion for covid stimulus
Stock: [DNEX]: DAGANG NEXCHANGE BERHAD
2022-06-01 00:58 | Report Abuse
https://www.forbes.com/sites/ralphjennings/2022/05/31/why-apple-assembler-foxconn-picked-malaysia-to-build-a-chip-factory-for-electric-vehicles/?utm_source=FBPAGE&utm_medium=social&utm_content=7047286962&utm_campaign=sprinklrForbes+Asia&sh=522d82826550&fs=e&s=cl