The predatory Mr K?

Mr K?

Tis kind of movements must have big funds involved....

No 1 saddest story.. spent substantial amount of time to analyse and convinced... but never placed a bet

No 2 saddest story.. spent substantial amount of time to analyse and convinced... but sold off way too soon

Don't mind d ikan bilis

HLIB started it big funds now FOMO panic buy

MIMOS

Immediate catalyst

Not factored in by HLIB

Gomen is lacking funds

Purchase of MIMOS is done deal

1st IB to cover normally conservative

Soon more and more IBs will cover DNEX

DNEX is in a sweet spot
The Star
PETALING JAYA: The prospects of Dagang NeXchange Bhd (DNeX) look attractive, given its strong foothold in both the semiconductor and energy space, according to Hong Leong Investment Bank (HLIB) Research.

Following a slew of corporate exercises in the first half of 2021 that ushered in a new management team and business direction, the group has transformed into a semiconductor front-end player/foundry and an upstream oil and gas (O&G) producer in the United Kingdom’s North Sea region.

In July 2021, DNeX acquired a 60% stake in Silterra Malaysia Sdn Bhd for RM168.3mil cash from Khazanah Nasional Bhd.

Beijing Integrated Circuit Advanced Manufacturing and High-End Equipment Equity Investment Fund Center (CGP Fund) owns the remaining 40% stake in the nation’s largest chipmaker.

Silterra is involved in the manufacturing of semiconductor wafers and supplies multinational fabless and integrated device manufacturer companies.

In June 2021, DNeX also acquired an additional 60% stake in Ping Petroleum Ltd (an upstream O&G company), raising its holdings to 90%.

HLIB Research pointed out that profits from DNeX’s new assets would only be reflected in the financial year ending June 30, 2022 (FY22) onwards.

The research unit said post-acquisition by DNeX and CGP, Silterra had returned to the black, registering profits of RM21.2mil in two months (August and September 2021).

“We are projecting Silterra’s estimated net profit in FY22 to FY24 to grow further to RM158.6mil, RM202.3mil and RM223mil respectively, representing a FY22, FY23 and FY24 estimated compound annual growth rate (CAGR) of 19%,” said the research unit.

Going forward, Silterra also aims to venture into a vertically enhanced product mix such as silicon photonics and micro-electro-mechanical systems, or MEMS, which will improve profit margins by three times.

Silicon photonics is a technology where optical devices are fabricated by the mainstream microelectronic processing technology.

MEMS involves miniaturised mechanical and electro-mechanical devices and structures that are made using the techniques of microfabrication.

Meanwhile, regarding Ping Petroleum’s Anasuria assets, HLIB Research said with a low operating expense per barrel of less than US$20 (RM84), the unit’s cash-breakeven crude oil price is estimated by the research unit to be at about US$25 (RM105) per barrel.

The Anasuria cluster is located 175kms east of Aberdeen in the Central North Sea, the UK.

“In the event of an oil price crash, we are comforted by the fact that these low cash operating expense levels will provide shelter from going into deep operating losses.

“With that, we deem the Anasuria assets to be a valuable cash cow.

“Meanwhile, we estimate the unit’s breakeven price to be at about US$45 (RM188) per barrel on the net level,” said HLIB Research.

The research unit opined that DNeX would see impressive earnings growth and is projecting its core net profit to grow to RM155.2mil, RM197.8mil and RM271.5mil for FY22, FY23 and FY24 respectively, representing a CAGR of 32%.

HLIB Research said this would be driven by average selling price hikes by Silterra, and increasing oil production from the Ping Petroleum’s 50%-owned Anasuria.

The research unit has initiated coverage on DNeX with a “buy” call and RM1.35 per share target price, based on a sum-of-parts valuation.

Up up up and away

HLB TP 1.35

Tech stocks dropping in sympathy to NASDAQ

Fair chance for restructuring to be successful

As only 15% of SD loans and borrowings are secured



....... while engaging closely with secured lenders to discuss options for its debt resolution


Moreover, the Serba Dinamik group will focus on costs saving and optimisation plans in order to remain competitive in the current business environment while engaging closely with secured lenders to discuss options for its debt resolution

...... while engaging closely with secured lenders to discuss options for its debt resolution


Moreover, the Serba Dinamik group will focus on costs saving and optimisation plans in order to remain competitive in the current business environment while engaging closely with secured lenders to discuss options for its debt resolution



Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

 Jan 7, 2022 6:35 PM | Report Abuse 

85% of RM 3,939,954,000 is TOO BIG

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

 Jan 7, 2022 6:34 PM | Report Abuse 

85% of RM 3,939,954,000 is hell of a lot of money

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

 Jan 7, 2022 6:31 PM | Report Abuse 

99% sure unsecured lenders will vote NOT to wind up SD

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

 Jan 7, 2022 6:20 PM | Report Abuse 

Cannot bau... need new captain

And...... to stay on the ground

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

 Jan 7, 2022 6:18 PM | Report Abuse 

Same cannot be said for TH Heavy Barakah

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

 Jan 7, 2022 6:16 PM | Report Abuse 

Thus far SD has not disappointed Petronas

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

 Jan 7, 2022 6:13 PM | Report Abuse 

O.... S word by the lenders

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

 Jan 7, 2022 6:12 PM | Report Abuse 

So far has not heard the S word

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

 Jan 7, 2022 6:11 PM | Report Abuse 

Oso too big to fail?

Total loans RM 3,939,954,000

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

 Jan 7, 2022 6:08 PM | Report Abuse 

Fair chance for restructuring to be successful

As only 15% of SD loans and borrowings are secured

bos really had a way with the leaders all willingly gave him money for free

85% of RM 3,939,954,000 is TOO BIG

85% of RM 3,939,954,000 is hell of a lot of money

99% sure unsecured lenders will vote to wind up SD

Cannot bau... need new captain

And...... to stay on the ground

Same cannot be said for TH Heavy Barakah

Thus far SD has not disappointed Petronas

O.... S word by the lenders

So far has not heard the S word

Oso too big to fail?

Total loans RM 3,939,954,000

Fair chance for restructuring to be successful

As only 15% of SD loans and borrowings are secured

bos really had a way with the leaders all willingly gave him money for free

2 big shot tan sri join forces

Hero or zero?

Ditto PING

SilTerra has settled down can be reasonably valued

Big funds have justifications to back up their intention to buy DNEX

Big funds have started to make their moves... for their new 2022
portfolios

It is ok la DNEX different biz driven by different people

(Based on annualised profit of RM59mil) ??????????

Delivery times for chips rose in December, signaling persistent component shortages that have slammed growth for months in industries that span the economy. Companies from Apple to Ford are losing out on billions of dollars in revenue because they can’t get a sufficient supply of semiconductors to meet demand for their products. The push to get components is also forcing up costs, the companies have said.

*SALCON (MYR0.255)*
*_ACCUMULATE (TECHNICAL)_* _Shariah_
STOP-LOSS: _Below MYR0.225_
RESISTANCE: _R1: MYR0.290, R2: MYR0.330_

25 sen to a 1 RM ?

A receiver will be appointed to take over to manage SD and savage whatever possible

Contracts wit Petronas appear genuine??

A receiver or a bit worst a liquidator will b appointed to take over the management of SD very soon

If situation in China deteriorates DOW is going to crash big time

If covid situation in China deteriorates DOW is going to crash big time

If situation in China deteriorates DOW is going to crash big time

1.1b is Salcon core competency ?

2.2b

900m to Taliwork

1.1b

1.1b to go

U are obviously not aware Charlie Munger admires Xi

U are obviously not aware Charlie Munger admires Xi

Worst case scenario

Co shareholders balik kampung

Bangla pun balik kampung

Sama sama balik kampung tanam jagung

Wacked gloves companies Bangla get better treatment

Wacked smaller companies which cannot withstand drop in sales like ATA VS Bangla balik kampung

The markeres used are very low

For instance retain a Bangla workers passport... it is forced labour (notwithstanding he may cabut and illegally seek employment elsewhere)

Bangla got conned at home country paid a high recruitment fee... it is forced labour (notwithstanding he willingly paid to get his dream job)


Sure kena one

Market price so low sure told to go fly kite

Don't come disturb anymore

“It is an encouraging start to the year as SilTerra reports a turn-around to profitability from transformation initiatives implemented to enhance manufacturing processes and optimise efficiencies.



“It is an encouraging start to the year as SilTerra reports a turn-around to profitability...


This part is true


...from transformation initiatives implemented to enhance manufacturing processes and optimise efficiencies.


This part not true

Management taking credit for jump in ASP


Took over management from 27.7.2021 how to implement so fast.... the transformation initiatives implemented to enhance manufacturing processes and optimise efficiencies.

The 20m profit comes August and September so RM 10m per month BEFORE the transformation initiatives implemented to enhance manufacturing processes and optimise efficiencies.

Post transformation initiatives implemented to enhance manufacturing processes and optimise efficiencies and LTA signed think can RM 20m per month

RM 20m x 12 = RM 240m per year from SilTerra

Mimos Mimos Mimos

Mimos

Mimos Mimos Mimos

Mimos Mimos

Looks like operators r back at 0.615

6767

Will say u are good if u can tell which part of this is due to waiver of SilTerra debts due to Khazanah by Khazanah


Effect from business combination (Note 12) (c) 264,508

Fragile

Best case scenario.. this new variant is mild and provides natural immunity to further Covid-19 re infection

Worst case scenario... another 2 years of past years and overstretched governments gone bankrupt and civil societies as we know them collapsed