I am still buying lots of shares based on the following.

1. Only around 100 Mill free float shares (App 22%) rest is owned by large investors that has not sold .
2. Director just bought 1% of the company after share dropped.
3. Mydigital ID is made mandatory and they got a contract to control it that can be extended for 3 months (This was before it was announced during the budget 2025 that it should be made mandatory also for JPJ.
4. They are finalizing the purchase of a new company to get the turnover value up to avoid the delisting so they need that concluded before Feb. 2025 but management say it should be done by end of the year so still long time to go.
5.Most share on the big sell day was traded between 0.48 and 0.275.

Thats just my personal view..
Good luck.

Looks like HTPADU got the NIISE project since they have asked to have their share suspended for a project announcement.

buy buy buy

BUY BUY BUY..

it only today the volume has been crazy..the other days is 1 million to 11 Million shares a day. Could be computers that sell on Margin call and continue to sell. interesting to see it tmr.

Just dont sell or else buy more and make a short squeeze..The New Malaysian gameshop share :-)

I just bought 450,000 shares..Lottery ticket..Will rebound soon I think

If you look at the facts and overall potential in DNEX there is a alot of upside. so breaking it down the facts is as follows

Technology
`1. Siltearra is improving and from where I see they need a turnover of 185 Mill RM to breakeven (App 70-75% of their capacity)
2. Arbitation has been ongoing since Nov. 2022 if they win stock price will go up. If they loose there is still options to buy out their partner or to sell where they will proberbly get 200-250 Mil RM. and with their current cash flow will put them at around 800 Mil to 1 Billion RM. However this should have a verdict soon.
3. They resubmitted their factory plans with Foxconn Sep/Oct 2023 so they should be getting a reply soon if they can proceed
4. They have applied for a government grant to support their expansion from NSS end may 2024. and given the goverment ambition to put in 25 Billion RM and develop Atleast 10 local companies with a revenue of 4-5 Billion a year and alot of smaller for a turnover of 1Min 1 billion RM a year I belive Silterra sits in a great position to develelop on the E7E sector.
Looking at the Oil business PING
1. They are currently producing around 2,500 Barrels per day
2. They will activate and start to pump in the Abu cluster start 2025 with an Output of 2,500 Barrels per day..If we take the current oil price 75 USD and Exchange rate 4.20 and their cost price to pump at around 40 US per barrel it would leave PING with App 66 Million RM in profit per Quater.
3. The golden goose will be the Avalon oil field which is expected to give app. 20, 000 barrels per day (I am not sure when it will be activated cause some say q3 2025 and some say in 2028..I would assume it is 2025 since the bought the field in 2022. this will get ping to drill app 25,000 Barrels per day and using the same numbers as before it should bring in App. 330 Mill Rm per quarter once activate.
4. They have other smaller fields to explore aswell where they are only partially own.
5. Ping is currently values with the output of 2,500 BPD at 800-1 Billion RM so with the Abu Cluster opened it should be valued ar 1.6 to 2 Billion RM.

IT.
1. NIISE..This is I have no clue so nothing value on it yet
2. Google license No Idea but we will see in 2025.

So based on the above with cashflow, Technology and progress at PING I would say that DNEX shares should at least be in the area of 0.70-0.80sen per share.

It doesnt really matter now how many Billions (3.3) shares there is..It still just a company value that matters. As long as they don't dilute it anymore so the shareholders loose more value.

It is a pretty stagnated Q2 with no loss on cash or valuation. The only positive is the 13% increase in sales for Silterra. They can't control the Oil price but Positive will only come in 2025 with the double output. So hopefully Silterra will continue the positive order intake, They will get the government subsideries, Win the Arbitation and then get the JV with Foxconn finalized and started.

Ken...DNEX is a Holding company that has invested in IT, OIL and Semiconducter manufacoring so not sure what you mean with what industry. its in 3 areas as you mention yourself.

Does anybody know the status of the arbitration that started 21 Months ago? , The Foxconn plans/status of the JV? and when the Q2 result will be out?

WE can only hope the Goverment dont make the same mistake as before and let a local company try to develop it since 2019 with 2 different companies and none of them could do it and the termination cost for the government has already been around 400 Mill in termination penalty and still an ongoing claim for anther 500 Million RM. Perhaps DNEX is 400 Mill more expensive than Theta with a proven system but why would a small company like Theta be able to develop it from scratch when the other could not or will it be a third contract awarded where it will cost the government anoth few hundred million cause the awarded contract lacks behind or they cant do it.But lets see if the joke continues with Theta or they come to their sences and award it to DNEX that they know can deliver.

Jazmaster, there is actually 5 catalyst the way I see it
1. If they get NIISEII awarded and if it's a good price and good terms
2. If the arbitration goes DNEX way
New FAb factory with Foxconn and the Saudi company
4. Silterra starting to earn money and getting the order books full
5.start 2025 when PING starts to make money on the new cluster and double the earning

Its normal with a low share price to have high volume when going up due to the day traders and computers that buy and sell on algorithms to make 1 to 2% per deal. In DNEX case 0.5 sen is almost 1% gain so if the target is 1-2% gain per order they will keep buying and selling to take the profit. So I assume we need to trade 800- 1Billion shares to move up 0.5 to 1 sen before it becomes stable. When it hits 1 RM it will be a very different stock to trade. There is also small investors that keep taking profit of 5-8% so that will pressure the share price aswell. but eventually, the price will slowly go up once the benchmark has been moved without any news.

Almost 400 mill shares traded above 0.445..wonder how many more before we break the resistance. anybody know when NIISE will be awarded?

Younglean..Why post an article from 2017 ???

So probably a very REd day ahead today for DNEX :-(

The placement price is set at 0.36 so to get the 133 Mill rm there will be issued additional 370,000,000 Shares..Now just need to see who will buy the full lot and how long they need to hold them before they can sell

On behalf of the Board, UOBKH wishes to announce that the Board had on 6 May 2024 resolved to fix the issue price for the Private Placement at RM0.36 per Placement Share.

The issue price of RM0.36 per Placement Share represents a discount of 10.00% to the 5-day volume weighted average market price of DNeX Shares up to and including 3 May 2024, being the last traded day of DNeX Shares immediately preceding the price-fixing date, of RM0.400 per DNeX Share.

This announcement is dated 6 May 2024.

guess another 3-400 Million shares more to sell before moving up based on the current selling

450 Million shares traded at 0.40 or over the last 3 weeks..Wonder how many more before the the bottom is done and we can move upwards.

stuck at 0.4 to 0.405 again...wonder for how long or perhaps 2-300 million shares traded before it moves upwards.

AQlso Inin q5 and Q6 there was only a difference of 12.7 Mill Rm differece in sale where Q6 was 12.7 Mill Less howener in Q5 the loss was "only" 15 Mill for silterra but Q6 it was 31 Mill rm in Loss...It does not make sence that 12.7 Mill less sales can add 16 Mill more Loss ??...Anybody can explain that to me ?

Can anybody explain to me why last year Q4 2023 they made a profit of 47.5 Mill RM when Silterra was only 128 Mill turnover and the other divisions was almost similar ASs per the article below..


In 4Q FY2023, the Group reported a net profit of RM47.5 million against RM275 million in revenue. In terms of revenue breakdown, the Technology division contributed 47 per cent to total revenue, while the Energy and Information Technology (“IT”) divisions contributed 33 per cent and 20 per cent respectively to revenue.

The global semiconductor industry market affected the Group’s Technology division where it recorded RM128.1 million in revenue compared to RM254.1 million in 4Q FY2022. Revenue from the Energy division stood at RM91.7 million as compared to RM135.7 million in the same quarter last year, affected by lower average oil prices of USD74.7 per barrel, from USD115 per barrel earlier. Revenue from the Information Technology (“IT”) division stood at RM55.3 million from RM60.8 million in the same quarter last year due to conclusion of several IT projects in the previous year.

Can anybody point to 1 good thing is this extremely bad result ?

how the F....can they loose 56 Mill Rm...bye bye

Becuase what you saw was alredy relesed for Q 2 or Q3....look at the date next time

Big buyer end of the session...maybe good news later today or Tmr.

Who has the power to offload 65 MILL Shares in 1 shot after the closing? can only be one of the 3 largest shareholders how have those amounts of shares..So what going on? is it bad news coming tmr ?

Does anybody know when the Next earnings call is for DNEX ? Is it the end of November?

Great news that the government will put more incentives on EV cars in Malaysia with the road tax benefits. This plays well into DNEX and FOXCON plans to build the EV chip Manufacturing plant in Malaysia

another small business but will bring in a contribution of 111,000 RM per month...Hopefully more to come

The Board of Directors of Dagang NeXchange Berhad wishes to announce that Innovation Associates Consulting Sdn. Bhd., a sub-subsidiary of the Company had accepted the Letter of Acceptance (“the Letter”) from the Securities Commission Malaysia ("SC") in relation to the implementation a registration, licensing and authorization platform known as, Aras 2.0 Application onboarding and data migration (“the Project”).

The tenure of the Project is for a period of 27 months, starting from 24 October 2023 to 31 January 2026 with an option to renew for a further period as agreed by the parties. The total value of the Project amounts to RM3,094,034.00.

The Board of Directors is of the view that the acceptance of the Letter the Project is in the best interest of the Company and its subsidiaries (collectively referred to as “the Group”) and is expected to contribute positively to the earnings and net assets per share of the Group for the financial period ending 31 December 2023 onwards.

The Board of Directors do not foresee any exceptional risks other than the normal operational risks associated with the Project.

None of the directors and/or major shareholders and persons connected with a director or major shareholder has any interest, direct or indirect, in the Project.

This announcement is dated 31 October 2023.

Lets see if any fireworks on this news in the afternoon trading.

DAGANG NEXCHANGE BERHAD's Media News / Announcement:

Bursa M'sia - OTHERS
Dagang NeXchange Berhad ("the Company" or "DNeX") - Contract between Petroliam Nasional Berhad and Ping Petroleum Sdn. Bhd. in relation to the Production of Petroleum and Abandonment of Petroleum Facilities of Abu Cluster

The company will still go down with 133 Million in value and that will reflect on the share price regardless if there is a private placement investor or own funding. The positive on the private placement is that they can bring in a partner with great knowledge of the oil and gas that doesn't trade the share as many small investors do. It can create more stability to have large investors own the company. DNEX does not have many so it's a very volatile share. Looking short term it sucks but hopefully, the value will go up once it starts operation and the income begins to come in.

Looks like it's for the expansion of new oil fields they are exploring

Haven't they gone through that process last year ???

Why....DAGANG NeXCHANGE BERHAD ("DNeX" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF DNeX ("PROPOSED PRIVATE PLACEMENT")...

Why so much resistance at 0.45-0.46..I thought the fair value would be around 0.47 ?

Ninja..Not sure what you where looking at but I am on the live trading platform and that was 15 Mill units the first 5 Minuts..Compared to normal trading for DNEX it is alot...:-)

WOW 15 Mill shares traded on the first 5 Min trading..GO GO GO

Are we heading up today or southbound again ?

Not very impressive..but at least it stayed in the black

Result out PBT 14.39 and NP 36 Mill..

BUY BUY BUY...Great price to average further down.

I am still buying...cheap...Wait until the arbritation has been decided in Dnex favor. then the foxcon deal for the new factory will also come. but until then nothing much will happen.

Dnex and BIH (Foxconn) has also extended the MOU in regard to the structure of the JV for the plant building and operation in Malaysia...MOU is has been extended until 16 May 2024. Atleast that a bit positive...But talk is cheap and action is required :-)

But the future cash cow (Semi Conductor) seems to be a very tired cow at the moment dragging the company down this is the loss making part and its a big loss on that segment of DNEX.

This doesn't have any impact on cash flow as far as I know so the loss for the Q3 is 3.4 Mill...Not very impressive and a lot of room for improvement.