The data not so up to date from Hong Leong research, now Censof is only holding around 20% of Dnex

Hong Leong research only give 2.3 & 3.3 EPS for 2016 & 2017, so conservative!

http://epaper.sinchew.my/s//ka1mw' target='_blank'>http://epaper.sinchew.my/s//ka1mw

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caven101, thanks for waking it up :D

should be able to break new history high in Nov/Dec

Hevea could be the leader on next run of export counters :D

Feimah, I also think like that. Cimb always can get the latest results & news from hevea management..

now Wb has no more premium

no chance to buy above 1.27, bocs there's multi-million sellers at 1.27 !!

Shark is eating small fishes..

Mplus stock pick for today, TP 1.50 :p

Potential Momentum Stocks - 6 Oct 16
Stock Name: HEVEA (5095)
Entry: Buy above RM1.27
Target: RM1.35 (6.3%), RM1.50 (18.1%)
Stop: RM1.20 (-5.5%)
Shariah: Yes
Technical: Potential sideways breakout

Knownfact, thanks for the reply, let's wait for coming QR on Nov :)

Knownfact, are you referred to higher USD as at 30/09?
If not mistaken the quarter result is base on last day's forex rate, correct me if i'm wrong ;)

one day up 1 cent ?

reasonable price should be 1/3 cheaper than mother, like Censof 0.27 / Wb 0.09

Taugeh, as I've observed they are always shortage of CASH.
If one day the company bank account have plenty of cash that earned from business then only I will believe the value of this company ;)

bruce, harap ibu boleh tahan :D

If Dnex can stands at 0.30 the WD should be 0.10 :)

Sooner or later Censof shall catch up with Dnex..

KUALA LUMPUR: CIMB Equities Research has initiated coverage of information technology (IT) company Dagang Nexchange Bhd (formerly Time Engineering Bhd) which is moving into the oil and gas (O&G) sector.
It said on Friday DNeX does not have any direct competitors, given its unique exposure in the IT and O&G sectors.



“However, we see My EG, Prestariang and Datasonic as proxies for the local IT sector. We deem KNM, Wah Seong and Uzma comparable peers in the oil and gas space. Its FY17F P/E (based on Bloomberg consensus) is at a deep 66%-75% discount to IT providers and 28%-48% discount to (O&G) players,” it said.

To recap, DNeX is the single exclusive operator of the National Single Window (NSW) platform, providing trade facilitation services to the Customs Department for over 25 years.

The company was awarded an RM45mil contract to install the first phase of the Vehicle Entry Program (VEP) at the Malaysia-Singapore border in Johor this year.

The government plans to implement the VEP project at the other 12 road entry points in Malaysia in stages. The second phase will cover Malaysia’s border with Thailand and the third phase, the Malaysian borders with Brunei and Indonesia. There is also potential for a recurring annual maintenance contract with regards to the VEP system.


NSW services contributed the bulk of its earnings in FY12-15. In September 2016, the government awarded DNeX a two-year extension on its contract as the exclusive operator of NSW.

CIMB Research said DNeX has embarked on a new O&G venture, after completing the acquisition of OGPC for RM170mil in 3Q16.

OGPC reported average annual net profit of RM20mil in 2012-2015. DNeX was the only local service provider awarded a 3-year drilling and services contract by Petronas Carigali in 2Q16.

DNeX hired a new management team in 2014, led by managing director Zainal Abidin Jalil, who has many years’ experience in the upstream O&G industry and power generation utilities.

DNeX invested US$10mil (RM40mil) to acquire a 30% stake in Ping Petroleum (Ping), an independent upstream service provider with a 50% stake in the producing Anasuria cluster, North Sea.

“The investment amount implies a low entry cost of below US$2 per barrel (historical average for comparable transactions). Management expects annual associate profit contribution of RM18m, based on mid-US$40s per barrel crude oil price.

“Based on Bloomberg consensus estimates, DNeX trades at forward FY17F P/E of 6 times, more than 0.5 standard deviation below its historical mean of 10 times. Consensus expects strong earnings delivery in FY16-17F, which implies a staggering FY15-17F net profit CAGR of 88%.

“This is likely based on management’s guidance of RM70mil to RM80mil net profit in FY17F, driven by strong earnings from O&G and VEP projects,” it said.

KUALA LUMPUR: CIMB Equities Research has initiated coverage of information technology (IT) company Dagang Nexchange Bhd (formerly Time Engineering Bhd) which is moving into the oil and gas (O&G) sector.
It said on Friday DNeX does not have any direct competitors, given its unique exposure in the IT and O&G sectors.



“However, we see My EG, Prestariang and Datasonic as proxies for the local IT sector. We deem KNM, Wah Seong and Uzma comparable peers in the oil and gas space. Its FY17F P/E (based on Bloomberg consensus) is at a deep 66%-75% discount to IT providers and 28%-48% discount to (O&G) players,” it said.

To recap, DNeX is the single exclusive operator of the National Single Window (NSW) platform, providing trade facilitation services to the Customs Department for over 25 years.

The company was awarded an RM45mil contract to install the first phase of the Vehicle Entry Program (VEP) at the Malaysia-Singapore border in Johor this year.

The government plans to implement the VEP project at the other 12 road entry points in Malaysia in stages. The second phase will cover Malaysia’s border with Thailand and the third phase, the Malaysian borders with Brunei and Indonesia. There is also potential for a recurring annual maintenance contract with regards to the VEP system.


NSW services contributed the bulk of its earnings in FY12-15. In September 2016, the government awarded DNeX a two-year extension on its contract as the exclusive operator of NSW.

CIMB Research said DNeX has embarked on a new O&G venture, after completing the acquisition of OGPC for RM170mil in 3Q16.

OGPC reported average annual net profit of RM20mil in 2012-2015. DNeX was the only local service provider awarded a 3-year drilling and services contract by Petronas Carigali in 2Q16.

DNeX hired a new management team in 2014, led by managing director Zainal Abidin Jalil, who has many years’ experience in the upstream O&G industry and power generation utilities.

DNeX invested US$10mil (RM40mil) to acquire a 30% stake in Ping Petroleum (Ping), an independent upstream service provider with a 50% stake in the producing Anasuria cluster, North Sea.

“The investment amount implies a low entry cost of below US$2 per barrel (historical average for comparable transactions). Management expects annual associate profit contribution of RM18m, based on mid-US$40s per barrel crude oil price.

“Based on Bloomberg consensus estimates, DNeX trades at forward FY17F P/E of 6 times, more than 0.5 standard deviation below its historical mean of 10 times. Consensus expects strong earnings delivery in FY16-17F, which implies a staggering FY15-17F net profit CAGR of 88%.

“This is likely based on management’s guidance of RM70mil to RM80mil net profit in FY17F, driven by strong earnings from O&G and VEP projects,” it said.

good for censof if dnex can stands above 0.30

now reached 0.30 !
Any good news coming ?

Agreed with Taugeh ;)

hmm.. will not dare to hold it for mid-long term
what a bad management!

Andrew, lets hope will be true!

Wow Andrew TP 3.02-3.20 !!

It's a terrible mistake, and there's another 6.7m debt yet to collect as the management mentioned will be settled by end of this year ..

Taugeh, thanks for the info!

Errr..Mismatch in the value recorded of 14.6m? Someone must be fired!

accumulating at 0.255..

samyew1234 friend told more VEP contracts to be announced soon, up to 5 contracts, not sure true or not

samyew1234, first of five contracts?

http://www.klsescreener.com/v2/news/view/128771

hmm..seems like no surprise for this AGM..

http://www.klsescreener.com/v2/news/view/128665

http://www.klsescreener.com/v2/news/view/128525

Just noticed today is censof's AGM, anyone attended?

I see, how was thier reply on the impairment loss?

Taugeh, I also wrote a letter to query about the impairment loss on last QR, no reply too..

Not sure whether it's dirty.. but they likes black box operation very much

keep on buying at 1.28 & 1.01 for Hevea & Hevea-WB, interesting !

aha, got surprise some more ?

today will break 1.30 ?

after the disposal censof still holding around 20% of dnex, imaging the current paper gain and future profit contribution from dnex

still profitable, because their Dnex's cost is about 0.20 only

由于公司在8月份出售迪耐股票，而面对120万的亏损，那么下个季度的盈利肯定会受到影响
not true, in fact it made profit of 7.7m

Great, let's accumulate more bullets before that

Taugeh's TP is more realistic, unless super bull run the PengiunDad's TP might be true

just like making a multi-millionaire dream lol

censof 0.80 dnex 1.00 ? :D

mother & son's vol so close