It's a very unusual move. Looking at everyone's response, mostly bearish, then if the objective of the syndicate was to flush out retailers and buy back, surely it has been achieved

Looks like syndicates have sold more than they bought. Maybe called off already. SC pls investigate Tan Sri LKH

Corporate exercise on > 60c

Call off surely no 51c in near term

Your Average cost ah 😂



Chellons

At least 0.51 closing la. Kasi channn

22 seconds ago

Yes this counter can play...worst case scenario kena trap still got duke highway 😂

Whereas Theta falling same % today, see also scared no idea what they have, yet

Sector up and still going strong

Corporate exercise pending

So which is it? Goreng up to sell down to fishes, or this is 2nd Goreng down to buy from fishes?

Thats why market is so exciting, we will know very soon

Unlikely there is contract termination @rr88

This price is not low at all relative to past few months arrange

If there is bad2 news, it should have fallen to 43c first, let's see closing

the way they are buying, they wanna take over the company is it 🤣

I have no experience dabbling in such a small counter with such big shareholders. What's gonna happen? Market cap only 81M shares issued less than 100M and big corporate exercise coming. TMJ and LKH holding the bulk of the shares. What?!

Originally very happy cos made 22% in 2 days...now feel terrible cos completely missed out subsequent move 🤣🤣🤣 well done the sharks who continue to hold huat

I maintain my view...both DNEX Theta didnt get NIISE 🤣🤣🤣

Should be beyond NIISE...How can Redtone go in because of NIISE award, that's insider trading. But Redtone can go in JV w Theta do some Jendala stuff, that's big as well dont need NIISE

@8dragon u fundamental investor ah...below 38 dont know how long the downtrend will be, better not. Below 38 u wait to buy the sharp rebound then chase la

Who still holding Theta? Good job la I always sell way too early

Here we go again, nice

Today after close is the best time to announce. Or next Friday. And of coz...if no announcement they can always extend another 2 months in LKH style haihz

Oops how I missed out MRCB which i just fnished selling yesterday 🤣

So I say...if we dont wanna play smarter than everyone else, we can have a bit of everything, and also Gamuda Sunway AQRS lol

Ekovest - safest bet because this is where the wealth of the controlling shareholders stay

Knusford - most upside bet because it's soooo small now before merger. The play should be to acquire Ekovest's construction arm at par value thereby bringing Knusford back to NTA, then secure new contracts. This is not triple limit up counter...it should be 3X counter. But lots of patience needed

IWCity - best deep value turnaround play

Dom is most right...Knusford acquire Ekovest's construction arm with share issuance that should just be 1st step. Note that being a royal owned entity in the hottest area now in Msia, Knusford&Ekovest (by then will be merged) has yet to secure any new contracts. Going by LKH's style, once the contract comes it'll be hugeeeee

Said shareholder who dumps at 60 has resigned. We probably wouldn't see more annoucements.

LKH made such a huge proposal, no way just to hold the shares at 60c. Especially cos sector has run wild since his proposal

And having that said, Foxconn is already vested in DNEX and have a 2yo MOU. Foxconn also bidded for Silterra. If Foxconn wants to be here, DNEX will have a part.

So what's all the delay about

Having that said...having a local and very bumi company partner with credible names like Foxconn, must be viewed as a success on the commencement of this semicon strategic plan. There is no other fab plant in Msia like this. Govt can claim lots of credits for public perception

It's very puzzling why they are not pushing it through quickly

Let's hope the Bank Islam analyst knows what he's talking about

If u see what Zaf said, the 25B is....elusive:

Out of the RM25 billion allocation, RM5 billion is slated for phase one, according to Zafrul. However, he did not disclose further details when queried about the breakdown for the allocations.

"The breakdown of the RM25 billion allocation is anticipated to span five years, with approximately RM5 billion allocated for phase one. If you ask me, across these three phases, I estimate a timeframe of around 10 years," he stated.

Fabrication is in Phase 2 😅

Powerrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr upppppppppppppppppp

The 10M fat 0.55 queue taken out in minutes before 1st session. HUATTTTTTTTTTTTTT

I may be dead wrong...but this kind of movement precedes a huge uptrend.

First round push done, the sky high volume at 52+ could have went either way. In hindsight that should have been an exit for short term traders. Too much resistance they bring it down to flush out more of us before next round, this is what's happening now.

Now it's pretty amazing they have been able to control the share price and volume at almost identical levels for days to come. This is intended to wear out shareholders patience and flush them out.

It does not look like distribution yet. Silly to make it look so weak day day black candlestick if they are enticing buyers, this is enticing sellers instead.

If the stock is weaker they should have pushed it down to 40 and below and scare us off for good. But it looks like they are not doing that because that will cost them much more and we may pick it up cheap. In that scenario we should see a deep V shape move. But it's not happening. So this player is very patiently doing his job maintaining it at newly established support around 45. Won't let it break either way.

Yeah when stock don't move I like to imagine things. Could be dead wrong - like there's impending bad news and this is all just part of distribution. Really doesnt look the case esp w market so bullish.

Meanwhile, happily trading construction counters. No urgency here...when my construction stocks are ripe maybe take profit and park it here 🤣

Here we go. Looks like restructuring is on this month end

Ekovest looks good on technical grounds. Let's see if this time it's for real

My broker who often has a lot of unverified news has it that the contract value is at least 1.5B. But no one is able to say whether it's DNEX, Theta, or another entity. Black horse developing, maybe both DNEX Theta fails to get NIISE

What project what news? Pls share. Market like this i scared - so I buy first ask questions later lol reentered AQRS w love 😍

Sold way too early at 3.89 😅 Was hoping to trade it. Looks like no chance now going up

@Contrarian, time to revisit Insas? This time real deal or go back 1.06

I think the price is already saying the deal with go through. Just that in a bullish market upside is so limited for the time taken. Buy Sunway Gamuda, sell and come back already lol

Astro and BAT WERE my favourite counters...count my lucky stars I didn't persevere 😂 By now I think few retailers would have gotten burnt la, all sold already

How is BAuto doing so well? Amazing. No threats from Tesla and Proton EV?

As more newsflow come in UEMS should remian the market leader for Johor play. Cheap cheap

Issuing more bonus warrants while being one of the largest if not the largest counter in terms of share counts, if you include WC and WD lol

But this should be it. No goreng before warrants issued. Easy goreng free money to substantial shareholders after getting more free warrants

Why goreng now when you can goreng the free warrants for free later on right

DNEX remains very strong w Govt jobs. Don't forget how they got Silterra. They still hold the exclusive rights on the national single window trade facilitation. And your favourite chairman is always sighted next to Anwar or Zafrul. Semicon plan, remember when Zafrul asked industry for advice, it's your chairman next to Zaf, not Inari lol

Therein lies the problem. Despite the super bullishness across industries - construction, DC, Johor, etc etc has the federal Govt awarded even 1 sizeable contract since Anwar started talking? I think not. He has been instrumental in driving interest and bringing in foreign investments u gotto give him that. But if DNEX is relying on federal funds oops

All of DNEX's businesses now capital intensive

Silterra has sucked up so much cashflow for capital investment. To be fair, they did a good job keeping the fab running and revenue rising. Cashflow is strong. Look at it, it's not a co in distress, very healthy cashsflow. The cost is of coz low margins and net net actually negative margins

Oilfield they have raised funds through the last placement. This may not be enough. They need more deals before a spin-off.

Even tech services, NIISE will require a sizeable capital outlay. That's still why it is more credible than Theta. Theta has something like 20M or so cash only last quarter. Scary if they get NIISE save for more funds raising

So DNEX really needs more cash despite more cashflow. Best to start planning for it now. Go issue a 1 for 3 warrants X and give it to us. We exercise the warrants 3 years later give you 1B cash DNEX

Very interesting counter. Push up, announce more deals, placement, raise funds, share split, goreng

Lots of stories nothing have materialised. While waiting...market is damn bullish, go pick up some other counters and trade our ways to riches 😆

There are countless other MOUs. Got Arabian, got Korean. DNEX not shy to claim King of MOU title 🤣 Market talk is several large scale tenders were made for overseas smart city as well, so not solely reliant on NIISE

Labour win should hit Hibiscus more than DNEX. DNEX's saving grace, next year Msia's late stage oil fields start pumping. It's still a concern, as DNEX's bottomline for the past 1.5-2 years have been heavily reliant on Oil instead of tech gosh.

CGP Silterra by now should be a non-issue. Can hope there's some goreng once there's resolution. But from the beginning it wasn't that big of an issue. The idea is Silterra is sooo valuable both parties want control and it's ultimately between 45 or 55% ownership. No one seriously thought MITI will revoke Silterra's license either way. The problem is Silterra has been bleeding ever since. There has been various statements made on RM600M being invested into Silterra's expansion and apparently work done. However details scarce - we can't see from financial statements when or how it's made, and cannot see the apportionment between CGP and DNEX on said investment made

29th May 2023, announcement was made to extend the MOU w Foxconn by a year to 16th May 2024. Since then no announcement of further extension. Last it made the news was in Oct'23 where DNEX said proposal to govt made. That's...10 months ago news and 12 months ago they would have made the proposal, and it has been 2 years without progress? 😂

Reading what Zafrul said about the semi-con plan, Foxconn plant looks difficult. He's saying fab plants will come in Phase 3 or 4, and we haven't even started Phase 1...

You're right, that 0.45 is holding is still good and trading side ways until something comes. Unfortunately side ways looks like the best case until so, what if it's being pushed down once more before an ultimate rise. Are we buyers or sellers then at 40 😅

Sslee's bintang beer and lobster on liao 😆

Go up or go down we can still make money...but go down make it much more difficult. This bull market, give chance keep climbing up like the other counters then easy money easy life la brothers