We initiate coverage on DNeX with a highly convicted BUY recommendation and TP of RM1.35/share based on sum-of-parts (SOP) valuation. We peg its technology segment to a CY23F P/E of 25x, which is at a slight discount to its global peers weighted average forward P/E of 26x. While we understand that SilTerra is a relatively small player in this space and has a relatively promising technology vs. its listed global peers, we believe that valuation is justified as we are expecting SilTerra to grow faster than peers, with a growth of 28% (vs. a weighted average of 23% for its global peers). At about 14x FY23F earnings in its entirety, we believe that DNeX is a compelling case given its strong foothold in both the semiconductor and energy spaces.
Rafid start off badly in new year.Otherwise would have brought more oomp to dnex share price tomorrow cos it is supposed to replace other system by end of 2023 ! Another big money spinner folks !!!
There is no politically connected company that has succeeded in Malaysia. Please be very careful of Dnex, its actual operating profits are very tiny so far.
DJI on 24/3/2020 = 20,704 on 14/1/2021 = 35,911 up 73.4%
FBMKLCI on 19/3/2020 = 1,220 on 19/1/2021 = 1,542 up 26.4%
When DJI is bullish, FBMKLCI never follow. When DJI is bearish, FBMKLCI follows > 100%. KLSE is really a hopeless stock market. Very disappointed to invest in KLSE. Thank you.
Guess you are hinted us to abandon counters like AYS, Inari, D&O, Greatech, Unisem. And just concentrate in DNeX (the only upstream semiconductor counter in KLSE). Is that the conclusion you have in mind? Come lah, share with us more.... lol
Haha... There are more than 1000 stocks in KLSE. Why pick DNeX and express your concern here... unless you have intention here, like the famous peri bahasa says "ada udang disebalik batu"
the RSSs have been paring their short position in Dnex because they know triple digits are coming after it hit the next lower low.
This year could lay the foundation for "a far more vibrant economic environment" as COVID transition from a pandemic to an endemic disease ---- prepare for the vibrant cycle.
BREAKING: Oil price hits $88 a barrel — first time since 2014. While everyone agrees that oil demand>supply, the reason that prices are going up is simply that there are no sellers left in futures market.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Baby Shark
5,972 posts
Posted by Baby Shark > 2022-01-17 15:07 | Report Abuse
0.85 very expensive liau.. don't boloh