DAGANG NEXCHANGE BERHAD

KLSE (MYR): DNEX (4456)

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Last Price

0.345

Today's Change

-0.01 (2.82%)

Day's Change

0.34 - 0.35

Trading Volume

24,177,200


55 people like this.

100,342 comment(s). Last comment by JamalHussien 7 hours ago

Posted by NatsukoMishima > 2 days ago | Report Abuse

I continued accumulate at this bottom price ! Just a matter of time to skyrocket !

Posted by willywonka > 2 days ago | Report Abuse

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.

Posted by willywonka > 2 days ago | Report Abuse

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 ?

fl888

7,435 posts

Posted by fl888 > 2 days ago | Report Abuse

CEO will know better ?

SinGor

4,560 posts

Posted by SinGor > 2 days ago | Report Abuse

management manufactured "#" for private placement ( sell shares to so-jai ) Once the # are tangle-up, it takes
many Qr to un-tangle them. Results always look funny-----Dnex strictly for Goreng only

fl888

7,435 posts

Posted by fl888 > 2 days ago | Report Abuse

PP will be price at below 33cts as a sweetener for goreng..

Posted by NatsukoMishima > 2 days ago | Report Abuse

Dnex future is in middle east bro , they will have big project later !

Posted by NatsukoMishima > 2 days ago | Report Abuse

Buy in dip , this is the bottom already !

anson938

1,518 posts

Posted by anson938 > 2 days ago | Report Abuse

Nasdaq up again & hit record high , IT counter will follow...

Medusa

514 posts

Posted by Medusa > 2 days ago | Report Abuse

Drop more buy more

Drop more buy more

Drop more buy more

Kenot tahan sell all

Kikiki…

anson938

1,518 posts

Posted by anson938 > 2 days ago | Report Abuse

Buy buy buy

KingDavid

2,376 posts

Posted by KingDavid > 2 days ago | Report Abuse

I did not expect the company is in so deep shit that the group MD has not come out to clarify the shit that the company is in. If it is in any of the foreign companies, he should have the dinity to resign. Maybe it is not normal for a captain in a listed company in Malaysia, to do the right thing. Maybe it is normal to stay on especially when there are no real bosses in the company to hold him responsible. We need to have a real boss to call the shot in the company before the company can be steer in the right direction. In conclusion, DNeX will be going through hell before it can be turned around. The current captain does not have the wisdom & foresight to steer the ship on the right path.

anson938

1,518 posts

Posted by anson938 > 2 days ago | Report Abuse

HTpadu near 1.80 & Theta near 1.00

KingDavid

2,376 posts

Posted by KingDavid > 2 days ago | Report Abuse

Maybe there is a reason why no real bosses want to put their money in because of the interferences from ?

KingDavid

2,376 posts

Posted by KingDavid > 2 days ago | Report Abuse

The share price is cheap but if the management team does not posses the right management skill, I could not find a reason to buy. EPF is people's money. Any right minded captain will at least come out and explain the situation. Otherwise, pack your bag and do the right thing.

Posted by Silent 88888 > 2 days ago | Report Abuse

what you want him to do
the position should be china company held more than half to control the company
but after reach the dateline to convert
then said the company must be bumi to keep on manufacture
then how to settle
still on court case
cannot reveal
just dont put too much faith on the court case
hold little and see wait rebound

KingDavid

2,376 posts

Posted by KingDavid > 2 days ago | Report Abuse

Silent 88888 that is only applied to Siltera. Not DNeX. Hon Hai holds 120 millions shares @RM0.9, Hon Hai is having paper loss of RM67 million. Hon Hai will not put in any more money after experiencing the current captain performance.

KingDavid

2,376 posts

Posted by KingDavid > 2 days ago | Report Abuse

Don't expect the JV between Hon Hai and DNeX to go ahead unless Hon Hai is controling the subsidiary.

KingDavid

2,376 posts

Posted by KingDavid > 2 days ago | Report Abuse

CGP is a good example.

KingDavid

2,376 posts

Posted by KingDavid > 2 days ago | Report Abuse

We should send representatives to the AGM to voice the disapproval performance of the BOD. We should write to the top 10 biggest shareholders to remove the captain.

SinGor

4,560 posts

Posted by SinGor > 2 days ago | Report Abuse

You must know the History of Dnex undertakings to understand this Co. chaotic Decision----- Basically Bumi
take over this Time Engineering Co which is just a Electrical Wiring Co (a small Co---7 years to make a profit ).
Then they Got " jalan " secure Gov Digital / Software installation---Still wiring Co but sub-sub Gov contract (Soft
ware installation ) to many Chinese Installers ( very little margin Left ). New Oil Ceo came-in, change to Oil
prospecting but Petronas hands are Full of Bumi Contractors----Then approach Gov for NIIS ( now digital IC )
but Muhyddin has his own "maicai "---So lastly score Big, Bought Silterra ( Sold by Khazanah but it is close to
Bankrupt----100mil loss every year for 10yrs )

duatlai

156 posts

Posted by duatlai > 2 days ago | Report Abuse

Serbadnex BHD

duatlai

156 posts

Posted by duatlai > 2 days ago | Report Abuse

Tesla is an example: no bumi shareholder by pmx.

KingDavid

2,376 posts

Posted by KingDavid > 2 days ago | Report Abuse

Why did the top 10 shareholders put in their money? I don't understand their intention. CGP did not buy DNeX shares that I can understand now. Hon Hai bought 120 millions DNeX shares wanted to secure the supply from Siltera with their man in Siltera. EPF ? and still others?

anson938

1,518 posts

Posted by anson938 > 2 days ago | Report Abuse

Hpafu went up to 1.84,tech stock record high liao..

KingDavid

2,376 posts

Posted by KingDavid > 2 days ago | Report Abuse

Now someone needs to defend the share price @RM0.34. What a pity? How can any GLC progress if the mentality of those in positions do not make an effort? It seems to get into the positions is the end of their efforts, not the beginning to make it successful.

KingDavid

2,376 posts

Posted by KingDavid > 2 days ago | Report Abuse

Maybe it is the EPF, the people's money who is defending the share price @RM0.34. What a pathetic situation? If there is any dinity left for the top management, resign is the only option.

MiddleAge

28 posts

Posted by MiddleAge > 2 days ago | Report Abuse

For prospective EV chip business, as I said earlier Apple now drop their EV project. As the main manufacturer for Apple devices, Foxconn's plan on EV manufacturing would be affected (as they knew their own brand doesn't have a chance against China and Tesla), which mean they might change their investment plan.
Back to Malaysia, Dnex is working with Foxconn to secure a JV for a 28 nano or 40 nano fab (mainly for EV chips manufacturing), so with business plan change on Apple which reflected all the way down to Foxconn. Do you think Dnex JV with Foxconn still continue? In fact, Dnex is super slow (maybe due to the working culture or lack of "guts" when there is no one in government to support).

Posted by Silent 88888 > 2 days ago | Report Abuse

I dont doubt if DNEX is a foreigner company how much value it will worth
it's like a golden goose but lay shitty eggs

KingDavid

2,376 posts

Posted by KingDavid > 2 days ago | Report Abuse

MddleAge, the control of the subsidiary is the main reason for not feasible to go ahead. Even though Geely owes only 49% of Proton but the control is under Geely. The current captain still cannot reflect what went wrong during his time in Proton. DNeX will be the old proton till we find "Geely" in DNeX.

UncleFollower

1,053 posts

Posted by UncleFollower > 2 days ago | Report Abuse

Apparently no one cares about DNEX...can't find any news write up on latest results, not even the Edge lol

KingDavid

2,376 posts

Posted by KingDavid > 2 days ago | Report Abuse

The ego of the captain maybe the cause of the dispute for an agreed 5 board members in Siltera ( 2 from DNeX and 3 from CGP). Obviously who was the one who caused the dispute. Never learnt from the lesson in Proton.

KingDavid

2,376 posts

Posted by KingDavid > 2 days ago | Report Abuse

Till DNeX finds a"Geely", no one will pay any attention.

vitac

516 posts

Posted by vitac > 2 days ago | Report Abuse

Still keep not even sell a single share, still buying but slowly.. maybe 5L to 8L each time...

KingDavid

2,376 posts

Posted by KingDavid > 2 days ago | Report Abuse

I am just hoping that when no one is interested in the company, someone who may have already put in place a plan to take over with the blessing of the current unity government.

UncleFollower

1,053 posts

Posted by UncleFollower > 2 days ago | Report Abuse

Looks quite attractive la, "quietly" gapped down and now hovering at this price give new traders chance to punt, old traders chance to average down. We all know this is a goreng stock. They dont report 600M loss I can accept already lol

Posted by Trader1234 > 2 days ago | Report Abuse

actually seem price holding quite ok despite surprise loss this qtr. ingat boleh jatuh bawah 30c!

UncleFollower

1,053 posts

Posted by UncleFollower > 2 days ago | Report Abuse

Volume not there yet. If today can do 50M shares and close ar 345-350, that should be quite bullish

KingDavid

2,376 posts

Posted by KingDavid > 2 days ago | Report Abuse

It could be due to the PP that they have to maintain the price.

Diego66

68 posts

Posted by Diego66 > 2 days ago | Report Abuse

Q3 sank into red because of its negative gp margin coming from its Technology division...

KingDavid

2,376 posts

Posted by KingDavid > 2 days ago | Report Abuse

Bad news has been announced and yet not many are willing to sell at this price. That is the only good news.

Posted by shareshark > 2 days ago | Report Abuse

losy MD and management team..goyang o0o and not improve company performance

ken2004

1,386 posts

Posted by ken2004 > 2 days ago | Report Abuse

Actually, those big shark already price in all this, they already know, see whether still can drop further if this company keep on bleeding............

Posted by Mixologist > 2 days ago | Report Abuse

Maybe they’re waiting for Nvdia to make an offer lol

Posted by JamalHussien > 1 day ago | Report Abuse

Syed Zainal doesn’t feel shameful at his own self looking at the share price?

Also no guilt continue to extract salary?


What’s up with this kind of ego and menindas shareholders?

Gaussian

2,923 posts

Posted by Gaussian > 13 hours ago | Report Abuse

Some more won the highest Islamic award in Malaysia lol

fl888

7,435 posts

Posted by fl888 > 11 hours ago | Report Abuse

Next week, no more protest really,Syed Zainal & his cronies will push back Dnex to 40cts …for their own benefits..

duatlai

156 posts

Posted by duatlai > 7 hours ago | Report Abuse

If siltera foundry were to lead by other people besides Syed or bin the value would be.....?
Imagine SilTera price at least Rm1 , Leap market.

Posted by JamalHussien > 7 hours ago | Report Abuse

They organized a DARE event,

DARE to screw up share price
DARE to screw up shareholders
DARE to screw up key business partner CGP
DARE to change financial year end for nonsensical reason
DARE to be not 100% focus and post Middle East war stories on Instagram during work hours
DARE to smile and wave and do nothing at AGM
DARE to act serious kononnye at AGM
DARE to create lousy app that nobody downloads


After all, DARE to extract salary after screwing up

Posted by JamalHussien > 7 hours ago | Report Abuse

Hope next is not EGO event,

EGO enough to ignore shareholders
EGO enough to deteriorate financial performance
EGO enough to ignore their incompetencies
EGO enough to not recognise that they are not the best people to lead the company
EGO enough to issue shares to themselves despite destroying company’s financial performance

After all, EGO enough to think they are the best people (whole Malaysia know they screwed up but themselves)

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