Zainal?

Dealt a good hand

Suddenly Black Swan

Debacle

SilTerra mungkin worth RM 6b on everything beautiful everything cantik not one hair out of place scenario

But definitely not on sold off scenario

Point ni salah x betul

LTA signed kat SilTerra

Dispute kat DNex Semi


BobAxelrod

Posted by BobAxelrod > 2 days ago | Report Abuse

Strike One :
Magician wrote "new" LTA signed with US corporation........

Who would sign any partnership with a company embroiled in Legal suits, legal battles and disputes???

Cakap biar sopan sikit

... being equity value of RM6bil is way way way way way too high

DNeX sell out its 60% is no go

Gerard

Excuse Sarifah

Pada pandangan Sarifah humble opinion valuation u of SilTerra is way way way way way way too high

Even pemegang pemegang syer x value so way high mcm tu

Tq


Gerard Lam

At current valuation, investors are basically pricing in Silterra to be worth zero to DNeX, which is an impossible scenario.

Let's assess what are the outcomes of the arbitration, and its impact to DNeX:



If arbitration favours DNeX:

If the arbitration favours DNeX, DNeX would retain 60% direct interest in Silterra, and CGP would retain 40%.

Next question would be would CGP sell out?

If CGP sells out - Other chip majors such as Foxconn (already have a direct interest in DNeX and working to build a 12 inch fab with DNeX) would highly likely acquire this 40% stake. This would further leverage DNeX's postion in the EV industry and boost Silterra's value

If CGP does not sell out - then Business As Usual.



If arbitration favours CGP:

DNeX will be left with 40% stake in Silterra.

Let's say DNeX sells out its 40% stake, this would equal to a potential proceed of RM2.4bil to DNeX, being equity value of RM6bil x 40% = RM2.4bil.

RM2.4bil, would be RM0.76 per share, being RM2.4bil / 3.16bil shares (Just for Silterra portion, not including DNeX's other business that are worth around RM0.47 per share, taking a brokerage house's estimates)



In no scenario would DNeX value just be RM0.55 (pricing in 0 value from Silterra), as the worst case would be DNeX owning 40%, instead of 0%.

2 days ago

Gerard like this baru la steady

Ok ni la wat Sarifah jangka and hope to see

Bagus


Gerard Lam

SilTerra's new LTA was signed with Pacific Biosciences (Nasdaq listed).

Agreement entails a 4 year take or pay supply contract of for MEMS advanced biosciences chips IP by SilTerra, at an average ASP of 3x current chip prices due to it being specialty chips

Share la public info kat public can't u see ramai yg nak tahu ramai yg tengah panicking

Apa ni PM PM PM dah jadi kongsi gelap cara mcm JAKS ke?

Sell associate co... bagi special dividend?

Knp all of a sudden naik? IB bikin coverage? Listing of associate co kat NASDAQ?

Dnex ni mungkin ada governance issue senyap senyap je secretly sold more than 55% to CGP

Covert operation??

Cisss...

Aiya Gerard apa point u attend agm klau take je wat management feed u? Buang masa

Gerard tolong tanya Zainal and post the reply here can?

Wat LTA entails?

AGM hari ke? Boleh tumpang tanya Zainal

LTA ada availability payment or capacity payment ke? Mcm rental of facilities

Sekurang kurang nya ada minimum




Stock: [DNEX]: DAGANG NEXCHANGE BERHAD

 4 days ago | Report Abuse

Dnex bisnes nya contract chip foundry

LTA ada availability payment or capacity payment ke?

Klau ada sekurang nya ada minimum

Klau tidak susah jugak kan affected by chips glut resulting in low volume loading

Dnex bisnes nya contract chip foundry

LTA ada availability payment or capacity payment ke?

Klau ada sekurang nya ada minimum

Klau tidak susah jugak kan affected by chips glut resulting in low volume loading

Pada hikmat Sarifah

Sykt China suka je bikin economic benefit shareholdings whereby profit dia ambil tapi not control of company (refer JAKS Vietnam IPP)

MITI x faham

Sarifah think most likely ada FAF kat kontrak

Also doing just in time maksud nya order minyak upon receiving orders from vessels

And patut ada some sort of bunkering service charge

Ni la cara Sarifah kan do this bisnes

x IR email nak deep dive pon cannot

Bang.. we are talking about bunkering

Co x IR email tak investor friendly pon

Can elaborate sikit?

Raiz368

Oil prices down will be better effect to P&L company.

3 hours ago

Harga down trending

Beli 100 esok drop to 85 rugi gila

Klau selling back to back then petrol stations tak kan complain making losses when petrol down trending kan?

Byk yg complain especially bumi petrol stations operators kan?

Klau a service provider patut just take up the service charge/commission as revenue not the value of the fuel sold

Are u sure?

Klau macam what u say that means it is a service provider a bunkering service provider earning a service charge/commission on petrol/diesel fuel sold

Oil prices on mostly sloping down trend during Apr to Jun bunkering still can make profit?

Sloping down trend maksud nya buy expensive sell cheap? No?

Or is there a service charge on provision of bunkering service? Tak sama macam petrol station just make profit from selling petrol?

Lower production rate

Probably due to sebab coal high inflasi very expensive EVN switched to hydro so lower uptake

Tapi ni indirectly confirm capacity payment is constant n substantial

Verdicts r out

Bossku masuk lockup

High coal price tak screw up Vietnam ipp profit

Wow harga runtuh mcm EVN kan bengkerap x cash to pay power plant operators

Harga coal inflation sikit

TNB need government to support EVN mcn mana?

STS

Looks kinda impressive

But billings wise how much can Strait charge for one STS transfer like this one?

RM 2m 1m 500k 50k?

Examples of Amounts or Other Items that May Be Included in the Other
Information

The following are examples of amounts and other items that may be included in other information. This list
is not intended to be exhaustive.

 Items in a summary of key financial results, such as net income, earnings per share, dividends, ....



ISA 720 (Revised), The Auditor’s Responsibilities Relating to Other Information


Other Information [or another title if appropriate, such as “Information Other than the Financial
Statements and Auditor’s Report Thereon”]


Management is responsible for the other information. The other information comprises the [information
included in the X report,7 but does not include the financial statements and our auditor’s report thereon.]
Our opinion on the financial statements does not cover the other information and we do not express any
form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information
and, in doing so, consider whether the other information is materially inconsistent with the financial
statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based
on the work we have performed, we conclude that there is a material misstatement of this other information,
we are required to report that fact. We have nothing to report in this regard


Tengok ni

Our opinion on the financial statements does not cover the other information and we do not express any
form of assurance conclusion thereon.




Klau data used to calculate EPS are derived from audited figures (yg ni auditors ok) tapi cuma formula yg diguna is arguable mcn mana ada ka auditors responsible?

Alsvin dah la Yinson treated its perpetual bond as equity

Byk jenis perpetual bonds depending on d terms some r loan liabilities some r more akin to equity

Wil u single handedly mess up Yinson punya ongoing fund raising plan?

Kan Yinson issue a statement to clarify?

Kan Yinson issue a legal letter to u?

Pasti ka auditors report on EPS?

Rasa rasa mcm no

No par value is not helping

wonder if tis thingy sebab nya Dialog jatuh sampai 52 w low apabila harga minyak kat multi year high ??

taking d perpetual bond as equity nampak lebih betul.. kan dah bilang perpetual??

klau nak adjust EPS... will reduce the earning kat d numerator sama effect nya dgn increase the no of shares kat d denominator??

42 sen hasil dari your Monte Carlo valuation program?

Growth

JAKS no potential for growth?

JAKS cuma kena tambah lagi satu Veitnam IPP

Guna cash dari current IPP to build satu lagi IPP

Veitnam LNG IPP

Memang dah low la

Pivoted?

Pivoting?

Lockdown too bukan permanent

Mungkin ada yg nak ada foreign investors nak beli Mudajaya tat lousy IPP

Klau u look at how TOYOVEN is struggling to close its IPP deal ksn u tahu la how difficult it is even u do running around daily even put in your own money

Klau Andy can close tat LNG IPP Sarifah sokong to give Andy LTIP

Veitnam new coal IPP boleh lagi?

TOYOVEN is d canary

Canary tu very likely kan mati

Enter rental collecting mode goyang kaki 44444

Oso idealing d IPP kan save on variable costs profit kan lebih besar lagi?