DAGANG NEXCHANGE BERHAD

KLSE (MYR): DNEX (4456)

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Last Price

0.365

Today's Change

+0.005 (1.39%)

Day's Change

0.36 - 0.37

Trading Volume

2,434,900


58 people like this.

101,981 comment(s). Last comment by Awang123 1 day ago

Tesla888

30 posts

Posted by Tesla888 > 2021-09-28 11:11 | Report Abuse

Look at MPI, UNISEM share price. Both already near their record high. Only Dnex still got huge upside.

nicholas99

9,919 posts

Posted by nicholas99 > 2021-09-28 11:13 | Report Abuse

yeh people are waiting to see silterra turnaround.

tean2020

218 posts

Posted by tean2020 > 2021-09-28 11:15 | Report Abuse

Time is what dnex need . 2-3 years .

tean2020

218 posts

Posted by tean2020 > 2021-09-28 11:15 | Report Abuse

Seem like someone is collect denx ticket since yesterday

nicholas99

9,919 posts

Posted by nicholas99 > 2021-09-28 11:16 | Report Abuse

With having foxconn and cgp on board. i believe everyone is feeling positive.

nicholas99

9,919 posts

Posted by nicholas99 > 2021-09-28 11:16 | Report Abuse

As long as, there is no intervention from dnex/ government. i believe silterra is on good hand.

SC724

64 posts

Posted by SC724 > 2021-09-28 11:17 | Report Abuse

Up up

tean2020

218 posts

Posted by tean2020 > 2021-09-28 11:18 | Report Abuse

Not easy to make a big lose making company into profit .

Posted by AlsvinChangan > 2021-09-28 11:19 | Report Abuse

Revenue RM 45M

Net Profit RM 116M

You no BUY this company You BODO

A crony capitalist company is a sure winner

Tesla888

30 posts

Posted by Tesla888 > 2021-09-28 11:20 | Report Abuse

Huge amount of contract waiting Silterra for next 2-3 years. Strong shareholder fund support and contract award. Just need time to perform.

nicholas99

9,919 posts

Posted by nicholas99 > 2021-09-28 11:21 | Report Abuse

foxconn making money.. cgp making money. tsmc making money. they know how to make money. they already have a stake at silterra. Man..

nicholas99

9,919 posts

Posted by nicholas99 > 2021-09-28 11:22 | Report Abuse

if you tell me, dnex is the only company buying silterra. then. i won't buy. haha..

nicholas99

9,919 posts

Posted by nicholas99 > 2021-09-28 11:23 | Report Abuse

even an executive from foxconn is 10times better than inari, genetec, greatec executive.

Tesla888

30 posts

Posted by Tesla888 > 2021-09-28 11:23 | Report Abuse

Silterra will listing in HK after turn around. U think Silterra worth how much ? At least worth RM10 Billon.

nicholas99

9,919 posts

Posted by nicholas99 > 2021-09-28 11:24 | Report Abuse

and foxconn have market (ev car) they can give order to silterra. lol.

nicholas99

9,919 posts

Posted by nicholas99 > 2021-09-28 11:24 | Report Abuse

its almost warranted.

Baby Shark

5,974 posts

Posted by Baby Shark > 2021-09-28 11:27 | Report Abuse

So many projects baru 0.82.. hahaha

nicholas99

9,919 posts

Posted by nicholas99 > 2021-09-28 11:27 | Report Abuse

terus fly rm5 meh?

Fong Chin-bok

1,285 posts

Posted by Fong Chin-bok > 2021-09-28 11:31 | Report Abuse

Foxconn says Thailand EV factory will begin producing 50,000 units by 2023

Taiwan-based smartphone manufacturing giant Foxconn and national Thailand oil supplier PTT PLC are moving forward with an agreement to start an electric vehicle manufacturing facility in Thailand. The facility is expected to begin rolling out vehicles by 2023.

https://techcrunch.com/2021/09/21/foxconn-says-thailand-ev-factory-will-begin-producing-50000-units-by-2023/

Kedah is very near to Thailand, so you can easily guess what foxconn is up to buy the DNEX. Long term contract will be announced soon for Silterra to supply chips to the Thailand EV Factory

Tesla888

30 posts

Posted by Tesla888 > 2021-09-28 11:40 | Report Abuse

Dun forget Dnex oil & gas business. Oil price near USD80 now.

Tesla888

30 posts

Posted by Tesla888 > 2021-09-28 11:41 | Report Abuse

So many positive factors, DNEX really highly undervalued.

alvin5588

474 posts

Posted by alvin5588 > 2021-09-28 11:48 | Report Abuse

start engine to move upward..

TedTock

926 posts

Posted by TedTock > 2021-09-28 11:55 | Report Abuse

Expecting another surprise announcement/news within one week (my speculation based on certain factors). The last time I expected it, the macc news came out.

strattegist

23,459 posts

Posted by strattegist > 2021-09-28 11:58 | Report Abuse

nyum nyum hey

strattegist

23,459 posts

Posted by strattegist > 2021-09-28 11:58 |

Post removed.Why?

Posted by Flying69King > 2021-09-28 12:12 | Report Abuse

Jual2 heyyyyy
Kaunter scammer heyyy.

powerup89

1,694 posts

Posted by powerup89 > 2021-09-28 12:18 | Report Abuse

Titon titon hey....

papaya

3,086 posts

Posted by papaya > 2021-09-28 12:28 | Report Abuse

derrickinvestor mana jalan? jalan ke neraka ke? maybe only papaya train jalan ada la...
28/09/2021 9:47 AM

--------------------------------------------------------------------

derrick........at least my train moving....bukan cakap kosong.....kikikikikih

leestar

372 posts

Posted by leestar > 2021-09-28 12:30 | Report Abuse

Coming, train moving, game just begin..

leestar

372 posts

Posted by leestar > 2021-09-28 12:32 | Report Abuse

Brent Crude Oil: $80.24

Baby Shark

5,974 posts

Posted by Baby Shark > 2021-09-28 12:41 | Report Abuse

Many sangkut at 1.00 la..

strattegist

23,459 posts

Posted by strattegist > 2021-09-28 12:41 | Report Abuse

hepi hepi hey

Friendship

1,616 posts

Posted by Friendship > 2021-09-28 12:50 | Report Abuse

1.20 by end of Sep….

nicholas99

9,919 posts

Posted by nicholas99 > 2021-09-28 12:56 | Report Abuse

derick kenapa? derick stuck and mad?

alvin5588

474 posts

Posted by alvin5588 > 2021-09-28 12:56 | Report Abuse

breakout 0.835, next 0.865

leestar

372 posts

Posted by leestar > 2021-09-28 13:22 | Report Abuse

865, next 915

Posted by Lousycounter > 2021-09-28 13:31 | Report Abuse

Next rm30 gogogogo

Posted by Lousycounter > 2021-09-28 13:31 | Report Abuse

Rm999999999999999

nicholas99

9,919 posts

Posted by nicholas99 > 2021-09-28 13:45 | Report Abuse

crazy..

strattegist

23,459 posts

Posted by strattegist > 2021-09-28 13:47 | Report Abuse

hey hey hey

Posted by MrRightMrLeft > 2021-09-28 13:48 | Report Abuse

Long long way to go
More station to puck up people at
0.835
0.865
0.900
0.935
...

strattegist

23,459 posts

Posted by strattegist > 2021-09-28 13:50 | Report Abuse

untung untung hey

Gerard Lam

186 posts

Posted by Gerard Lam > 2021-09-28 14:01 | Report Abuse

Key points from DNeX's recently announced results + future prospects:

i. Key points from Q4 results announcement:
- Based on the Purchase Price Allocation exercise performed on 60%-Ping acquisition, DNeX's consolidated 90%-share of the effects on business combination is RM273mil. This can be simply interpreted as the excess of fair values of Ping's inventories (oil) and assets (oil rig's and oil rights) over the price paid for the 60% stake.
- SilTerra's results is not consolidated yet as the acquisition is deemed completed only in July 2021 (refer announcement to Bursa).

Questions many may ask:
- The effects of business combination is only accounting, not real cash. Why is it good?

Answer:
- While yes, the effects of business combination is only accounting, but it also means that Ping will be realising these oil inventories in the next few quarters at a higher fair value. Realising these oil inventories at higher value also means higher profit contribution from Ping to DNeX.

Note that the valuation of fair value of Ping's oil inventories are done by professional accountants/experts. In valuing these oil inventories, the factor considered is the net realizable value, which is the price Ping is able to fetch if they sold the oil inventories.

So the answer is - Yes this latest quarter result is good, because it proved to investors that Ping will be able to sell oil inventories at a higher price in the next few quarters, which translates to higher Profit.

Gerard Lam

186 posts

Posted by Gerard Lam > 2021-09-28 14:04 | Report Abuse

Note that Foxconn and PTT are in advanced negotiation stages on the production/manufacturing of EV's.

Foxconn's head honcho had mentioned in an interview to Taiwan reporters that they will be tapping into SilTerra and Macronix on the supply of 8 inch wafers, which is semiconductor chips mainly used in EV.

DragonEyes

214 posts

Posted by DragonEyes > 2021-09-28 14:10 | Report Abuse

Sit at 0.765 enjoying the moon...woohoo

156563

1,475 posts

Posted by 156563 > 2021-09-28 14:14 | Report Abuse

再等待2个qr会更好

trader101

415 posts

Posted by trader101 > 2021-09-28 14:14 | Report Abuse

Up up up dnex heyy.....

huat_ahh

320 posts

Posted by huat_ahh > 2021-09-28 14:17 | Report Abuse

Day 2 in Chapter 2 saga. ...

Apa sudah jadi??? Latest news, net profit RM117 mill punya sudah out,... Sell On News theory tak boleh pakai keh??

Harga tak turun pun!!? I Wonder Why........

https://m.youtube.com/watch?v=CtAuy7t-6IE

nicholas99

9,919 posts

Posted by nicholas99 > 2021-09-28 14:29 | Report Abuse

base on the silterra figure kicking in next QR and next year.. 2022 is good year for dnex.

KingDavid

2,666 posts

Posted by KingDavid > 2021-09-28 14:41 | Report Abuse

The contribution of business combination from Ping has been realised in Q4 - could only be good if the next Q1 can achieve better result. Otherwise the effect may be opposite. The pressure to perform is going to be increasing especially when institutions are demanding dividend.

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