I have observed a number of peculiar things in DNEX this round. I will keep them close to my chest until the time is right. Goodluck guys

DNEX has usually been very active in announcing MOUs. And every MOU signed leads to further decline in its share price. Now it has moved up without news. What does this say to you?

U typo is it what 2.56+ huge profit

It is often difficult to be a contrarian. First u have to establish what is the consensus. This round the market has moved up with retailers consecutively selling. Therefore contrarian = bull market, consensus is sell in May go away

I hope we all make the most out of this bull market. It doesn't come everyday. One must have the humility not to be a contrarian when the market is uber bullish, right? 🤣

Another day and more bought at .445

Meanwhile I play substitute shout $48 first

He'll be back next week

UncleFollower
1163 posts
Posted by UncleFollower > May 20, 2024 4:30 PM | Report Abuse
Maybe $48~$60

?

Sounds like Dino 🦕 detected here???

Only the likes of MYEG...I dont mind overexposing. I can always sell more than I ever could have within minutes in MYEG 😂

Insas is illiquid, can't have a lot

@Contrarian which stock are you talking about, surely you don't mean Insas

We refer to the announcements dated 19 August 2016, 21 September 2016, 2 November 2016, 8 November 2016, 18 November 2016, 22 December 2016, 19 January 2017, 24 January 2017 and 13 February 2017 in relation to the Disposal (“Announcements”). Unless otherwise defined, all expressions used in this announcement shall carry the same meaning as defined in the Announcements.

The Company wishes to announce that it has obtained approval of EPF for an extension of one (1) year with an automatic extension for another one (1) year for the Extended Exit Date under the Shareholders’ Agreement to 12 February 2026 (“Extension”) to facilitate and implement exit plan for EPF and the Company.

For information, the Company and EPF are evaluating various viable options together to implement the Exit Event or any alternative plan in the best interests of the Parties.

The Company will make the requisite announcement if there is any material development on the above.

Will MITI's "comprehensive strategic semiconductor plan" propel Inari to new high?

It doesnt look like it's gonna shoot up soon - but what do I know. I dont mind keeping some for bonus

I'm quite happy with how it turned out. Ample opportunities to pare down my warrants holdings now. Each time I sell my remaining balance average goes down drastically...

@vellfire lots of chances to sell today

Apple supplier Foxconn among firms asked to cut power use in Vietnam: sources
21 May 2024 14:26

VIETNAMESE officials have called on Apple supplier Foxconn to voluntarily reduce power use by 30 per cent at its assembly plants in the north of the country where there were electricity outages last year, two sources familiar with the matter said.

The request for energy-saving measures, which two other industry sources said was sent to multiple manufacturers, is precautionary and aimed at averting a repeat of last summer when power shortage led to over a billion US dollars in lost output.

The request to Foxconn was "an encouragement", not a requirement and has not had any impact on production, one of the sources said.

Vietnam is increasingly welcoming multinational companies, some spreading their risk from traditional manufacturing base China amid rising trade tension with the US. Last month, Apple promised further spending in the country where over the past year it has raised its number of suppliers to 35 from 25.

The South-east Asian nation relies on foreign investment for economic growth and has been trying to attract energy-intensive industries, such as semiconductor manufacturing.

However, a heat wave last May and June triggered a power shortage that interrupted business in the north, causing US$1.4 billion worth of loss, or 0.3 per cent of gross domestic product, World Bank preliminary estimates showed.

In March, Prime Minister Pham Minh Chinh pledged to foreign investors that power shortages would not happen again.

The government has asked coal-fired power plants to delay maintenance to meet higher electricity demand in the hottest months, one of the sources said.

The sources did not specify who sent the requests, when the request to Foxconn was sent or for how long the voluntary cut in electricity use would be needed. One source said the request was open-ended.

All sources asked to remain anonymous because the matter was not public. Apple did not respond to a request for comment.

Coordination

Foxconn, formally Hon Hai Precision Industry, is the world's largest contract electronics manufacturer. It has half a dozen plants in northern Vietnam including in Bac Giang province where local authorities said it assembles Apple MacBooks and iPads.

State-owned provincial power distributor Bac Giang Power Company (BG PC) said in March it had asked industrial parks and authorities "to coordinate in implementing electricity savings", shown on the website of power regulator ERAV.

BG PC deputy director Do Binh Duong, in a separate statement, said: "Adjustment of power loads, adjustment of production plans and electricity saving implementation of enterprises will have a great impact on the power system".

The Ministry of Industry and Trade and state-owned power provider Vietnam Electricity, of which BG PC is a unit, did not respond to requests for comment.

Energy-saving measures appear to differ nationwide. An official at an industrial park in another northern province said manufacturers have been asked to reduce power consumption on some days this month.

Weather conditions are less challenging than in 2023 but authorities have boosted imports of coal and encouraged energy-saving to avoid shortages.

In March, foreign chambers of commerce urged the government to guarantee power supply, with South Korean's KoCham saying semiconductor companies had delayed investment decisions because of power supply risk.

True to the contrarian spirit 😉

Beautiful retracement, just hang tight or add more guys

Maybe $48~$60

If contrarian and sslee take to live streaming like roaring kitty they can drive insas to $4.80

Who is buying DNEX at 445-450? Don't be shy to speakup here

Super fast reply @TheContrarian, yes that message was meant for u 🤣🤣🤣

At this rate, Leno should be back by next week

At present best case is broader market remains bullish, everything else go up and then people come and buy the pitiful laggard 🤣

If one counts on individual counter specific events...this insas quite hopeless la

DNEX has at least 3 major news events pending. Can go either way, can drag on indefinitely. Up to u bro

@liew if you are not an active trader and believe in DNEX, buy la. 1+.4+.4 = 0.6 average then u can lock up and continue waiting indefinitely 😂

Hard to tell what's DNEX's game plan. Are they selling or buying now? 40cents is the battle ground. Washed down picked up, picked up washed down. It could well go either way

Ali Baby is carrying a huge loss on its Singpost investment. As is Foxconn in DNEX. Ninja Van...

None of these subsidiaries, or associates or minority stakes do well for the holding co's share price.

Think Wilmar, Genting. Even MMC which was privatised.

So I think no difference. I mean...it is holding >1B cash + Inari and trading at 700M, this in itself is enough if it doesnt move it closer to NAV what else could. Sad case.

Year 1 for me. And I am not sure it is a good idea 🤣

MMC was taken at $2.00 and the market allowed it. In fact was ecstatic over it. Recall how he flushed it down to below $1.00 immediately preceding the buy out offer

I think KSL could have succeeded at $1, $1.20, $1.40 many times over the years. They didnt.

If Thong thinks the same way, whatever that state of mind is, he isn't going to do it even as low as $1.50. Happy to stay listed

It tis. Disguised as a good stock becauuse of very strong fundamentals. Water fish like myself hoping for that surge as is ncessary for distribution. Remind us to sell then 😂

And Thong isn't even willing to trigger MGO at 1.30 1.40 1.50 1.60.

Ok. Looks like it's gonna be just like that today huh. And if tmr it goes back down, I continue sleeping and play other counters 😪

Referring to the I read a lot ya

Not Insas

Insas is no Buffett. If he was, he would have initiated a huge SBB. Buffett made shareholders rich, Insas...

Warren buffett.

And Tan Teng Boo paraphrased him many times everywhere, same same.

Ninja Van. How did you even know. Good researcher you

1,095,526,000. That's 95.526M more than a billion, which is around 14.5cents a share. Mind boggling.

@TheContrarian maybe still got hope. Low volume so it takes longer to churn so that chart has to extend for longer horizontally. It is the most unusual case for a fundamentally strong stock to explode this way and then just die down. Consolation it didnt really break below that 61.8% thing and has now bounced back. Mildly.

What if Insas does what it always does...invest and take a minority stake in something to do w data centre. Finish their cash on a minority stake. If they do that...I will follow MrSslee Bye Bye.

Insas share price wise, is such a sad case. Well, it will remain sad until it's not 😂

Maybe @MrSslee can make similar proposals for Insas in upcoming AGM

OCBC succumbed to the pressure of that individual investor w a series of proposals to slash board salaries

@TheContrarian, that's a very genuine good advice. I will try 😂

Were you all live to see the warrants move? There's a shifting huge seller queue as it moved up. When buyer bought out the 25-25.5c, the 26c SQ was 3M shares (30000 board lots). Then it shifted. Last Friday same.

I dont know what this means but obviously its function is to discourage buyers. So hopefully this means finally "they" are accumulating again. I have enough, tired of the low stagnant price. A bit of action is good lol

Unfortunate, because this one is an underperformer. Funded Insas with my MYEG sale, terrible choice. Speculated on Sendai made a little bit and then also channeled to Insas transferring the profits over thinking I am lowering my average to circa 90c. But look at Sendai today. Well. Well. Just have to swallow it. A series of silly mistakes shouldn't have started Insas lol

Mother share end Mar sold, mid Apr bought back and kept buying

WC kept buying down and controlled exposure

No intention to liquidate yet

WC at 22-23c was 1.13. Couldnt resist. It may be worthless, but I will just take it as having bought Insas at 1.13 by mistake and held for 2 years 😂

Unfortunately, I have much more now 😅