similar modus operandi both turnover and receivables have stupendous growth...red flag..I was silly enough to think this was typical of govt contracts. LOl cut loss

every auditor should look at accounts with a skeptical lens; rarely happens world over. Same issues in Europe

gameover; all his and related companies have meteoric growth in turnover and receivables... I should have known better ..cut loss

goreng-kaki is as interesting as r88

yes,that would be the right thing to do piranha88

Pattern of stonking increase in receivables in all his companies...red flag...
Mr Midas has been found out

market seems to want to price Kpower on PE 15 as most of its work appears to be from construction. But with its quickly expanding order book it should rerate subject to these odd directors holding off selling the warrants

lol

Riaz and gcke, spot on

but projects mostly with public authorities, lower risk of bad debt

Hi Anson my brethren, why are you here then if you have sold out.

USD 122 mil is a smallish project. I suspect the qtr result would trigger a rerating

Guys the only way to instill confidene is if mgmt stops selling the warrants which they have sold anyhwere between 50 and 70 sen. Karim has another 12 mil and Mustakim 15 mil. What a vote of confidence. You dont get that behaviour from good companies.

bunch of jokers that don't inspire investors

Directors are busy selling warrants so what hope is there of the parent if the warrants reflect future of the group.. Disgraceful management

no growth ..stale in approach and lacks entreprenuership

some info here are by amateurs

agreed, than you should do it yourself

IJM is a professionally run company and if it is infected with a second rate empire builder it would turn itelf into a second rate virally infected company ..... best thing is to get into an arrangement where IJM can benefit as a contractor and not have Ekovest mob into IJM. Have a JV subsidiary and leave it as that.

oh no. IWH is interested in IJM. not again. Ekovest boss man is a second rate empire builder just like Vincent Tan. These fellows have cross holdings Kamasutra style. IJM would be foolish to let this happen as it has paid the first price with Roadbuilder another crap set up as far as I am concerned

some characters are so good at predictions wonder why they are here as they should have made their millions already with their insighful prophecy...truth be said most are humbug

censof is a buy.with microsoft in as a partner watch it take it take off. a huge partner lifts all boats

oh boy, if you are losing on glove counters in your initial foray, set a target price on the way up to exit.

consultant auditor. bull shit artist where is here...all those who thought he was godsend oh boy

rr88 adds spice to the market

maybe in years to come

lol

if the share issuance was just for silterra
it would be brilliant. but it has been for all and sundry

silterra is good by itself. dnex has drowned itself with share issuance like no tomorrow it would make decent eps hard to achieve.

apologies Edge.

true leestar

UOB kay hian has 88 sen for the balance of the first PP and 78 sen for the new proposed PP. at 10% and 20% disc on 98sen. respectively. Indicative prices they maybe but i suspect much hyped in their assumptions. those looking at Dnex with rose tinted glasses pls get them changed. it is becoming a nothingburger conglomerate , silterra akin to a torchlight in a dark room.

The jury is out in this one. The earlier PP placement sold at penny prices was largely used to lease a plough for the submarine cabling. a whopping RM118 million with some even issued after impending award of silterra. what a waste. The future 891 milllion shares of which only 32% would be for Silterra purchase and the bal 68% for Ping and whatever else. Dnex is throwing around share like confetti and not focussed. Silterra is just a small cog in Dnex’s wheel which has been diluted like as if it is going out of fashion. cannot command a high so PE.

BJ is no Amazon or Ark Innovation but is on a tiny scale example

Berjaya's profits has never been there...one of the reasons is it keeps on acquiring assets every year. "Land grab". Never mind the returns be the first mover to grab market share. The moment it stops acquring you would see profits up. That is why he declared no more acquistion for now.Consolidate. Amazon had the same policy for years but it was superior to BJ in that it had fiscal discpline with its operations. Once BJ tightens its operations and rationalises it, profit would surface. Ark innovations is on the same principle.

VT has to tighten his operations and value would quickly emerge. Mulpha is in the same boat but mgmt is up to no good.

Top Glove OMG what is going on with US customs. Thought is was sorted out as management claimed. Like the head of a hydra.

well done why are you here then if you suspect it would be cancelled misery loves company

price fixing for PP has seen price rise

KYY is a typical crook. He is a one man syndicate parasiting on naive investors

Hi i3john2tan...true

auditor and consultant ?

Dnex would be better off without Ping and to focus on its technology sector. The returns on Ping would be shortlived and these fellows are venturing into a twilight industry which is not their forte. Look at its past of poorly managing the energy investment. It was this or another lamentable excuse, promises promises. Hibiscus optimised Anasuria but Dnex through Ping showed below par returns! and now it wants full bore. Clowns. Stick to your knitting. I am in this on Silterra/Chinese investment, nothing more. If not for the Chinese I would look the other way altogether as it would all come to nought as usual with dreamers who are unable to execute.

The Bank of England has distanced itself from investment in fossil fuels too following the lead of some major US banks. Look at Bumi Armada ( upstream service provider) settled with debts and cannot seem to extricate itself and if any had a hint of wishful thinking of a rosy future money would be rushed in hand over fist.

Let the Chinese guide these fellows in the wafer business as they have done with Proton. Single minded and strident and not thinly spread butter on toast.

Sorry guys for this dampener. Silterra onwards.!

only good news so far is the PP has been done so there is hope yet

@vinvin...President yet to be appointed

Hi DNEXinsider you must be a bored soul

lol

guys if you suspect it's a false dawn, move on

Norges Bank Investment Management 65,001,024 bought into Iris after ward; could have been part of Robin Tans married deal of 45 mil shares

Aberdeen must had a whiff of this news

This could be why! Politics

Exclusive: Amid shortage U.S. suppliers to Chinese chip giant SMIC struggle to get export licenses
Author: Tan KW | Publish date: Thu, 4 Mar 2021, 11:30 PM

The U.S. government has been slow to approve licenses for American companies like Lam Research and Applied Materials to sell chipmaking equipment to China semiconductor giant SMIC, several sources said, as the impact from global shortage spreads.

Licenses for U.S. suppliers to ship much of an estimated $5 billion dollars' worth of parts and components still have not come through, industry sources said, though many companies sought them soon after the company was blacklisted in December. Certain licenses have been granted, including for small numbers of expensive equipment in recent days.

As policy shifts under President Joe Biden, who took over from Donald Trump in January, U.S. government agencies led by new appointees still haven't completely decided what should be sold to Semiconductor Manufacturing International Corp, which produces chips for Qualcomm and other American companies.

The Trump administration placed SMIC on the U.S. Department of Commerce's entity list over concerns of SMIC aiding China's military.

The listing, which requires U.S. suppliers to get a license before shipping goods to SMIC, is unusual because it says most products should be granted on a case-by-case basis. However, equipment that can be used to make only the most advanced, 10 nanometer and smaller chips is likely to be denied licenses.

The administration is supposed to make decisions on license applications within a month, but follow-up questions stop the clock.

"Lam Research is still in the application process and has not yet received a response," a Fremont, California, company spokeswoman said on Wednesday.

Applied Materials' chief financial officer said in a February 18 earnings call their forecast did not assume licenses would come through. A spokesman for the Santa Clara, California based company declined further comment on the licenses this week.

SMIC did not respond to requests for comment, but the company has said it provides services solely for civilian and commercial end users and that it has no ties to the Chinese military.

Decisions on licenses have been held up as officials ask follow-up questions about applications in part to determine whether the parts or components could be diverted for use in producing items 10 nm or smaller, sources said.

Washington trade lawyer Giovanna Cinelli said many license applications have resulted in "a lot of back and forth, which has elongated the period of review."

In a statement, a Commerce Department official dismissed the possibility that curbs on SMIC could contribute to the chip shortage, noting that the shortfall was tied to older technologies while SMIC restrictions relate to leading edge technology. The statement did not address the potential impact of delays in licenses for older technology.

SMIC, the largest foundry in mainland China, is an important player in the global semiconductor supply chain, which is under pressure as pandemic lockdowns drive up demand for electronics such as laptops and phones. Last month, it said it could not meet customer demands for certain technologies and its plants have been running "fully loaded" for several quarters.

SMIC's technological capabilities lag far behind cutting-edge foundries like industry leader Taiwan Semiconductor Manufacturing Co, according to industry sources.

Companies like Applied Materials and Lam Research, two key suppliers of production equipment, submitted numerous license applications to sell to the company. The bulk have not yet been acted on, industry sources said.

A spokeswoman for Entegris, a Massachusetts company that submitted license applications to sell to SMIC, told Reuters late Wednesday that it had received its first license within the past week.

Other companies that ship to SMIC include California's KLA Corp and Axcelis Technologies in Massachusetts. A KLA spokeswoman declined to comment on licenses, and while Axcelis's CEO spoke of "uncertainty" related to its licenses on Feb. 11th, a company spokeswoman declined to provide an update.

Qualcomm, which uses the Chinese foundry to produce chips with decades-old technology, put in applications for tools SMIC needs to produce them, just in case equipment makers don't get theirs, an industry source said. But they have not come through yet, the source added.

In September, SEMI, a worldwide industry group, said in a draft letter seen by Reuters that SMIC accounts for as much as $5 billion in annual U.S. sales.