Posted by KingDavid > 2022-01-19 09:31 | Report Abuse

Waiting to see bulldozer through the strong selling pressure.

Posted by jenson68 > 2022-01-19 09:33 | Report Abuse

next TP 0.96

Posted by OrlandoOilSemiconIoT > 2022-01-19 09:34 | Report Abuse

HLB TP 1.35

Posted by OrlandoOilSemiconIoT > 2022-01-19 09:36 | Report Abuse

Up up up and away

Posted by OngKawKaw > 2022-01-19 09:37 | Report Abuse

FUYOH!!!

Posted by Hotstuff > 2022-01-19 09:39 | Report Abuse

100% will break 0.90 today

Posted by Shakdududu > 2022-01-19 09:39 | Report Abuse

Yummy..

Posted by Max2838 > 2022-01-19 09:39 | Report Abuse

ANKARA, Jan 18 (Reuters) - Turkey's state pipeline operator Botas said on Tuesday that it cut oil flow at the Kirkuk-Ceyhan oil pipeline (Iraq2Turkey) following an explosion near the southeastern province of Kahramanmaras.

Today, we look at Dnex as an oil producer.
Next week, we can look at it as a wafer produccer.
Whatever it is, as long as it's not flying airplanes or transporting goods/people n also not using forced labour.

Posted by huat_ahh > 2022-01-19 09:41 | Report Abuse

Monday,.. Asked "ARE YOU READY???".. No reply

Last night,... Asked the same question, still no reply.

Today, I ask again "ARE YOU READY???"

Posted by nixonteh85 > 2022-01-19 09:41 | Report Abuse

lai lai lai kick lai liao

Posted by quest > 2022-01-19 09:41 | Report Abuse

A year ago, Dnex was at 24sen -26sen and testing 30 sen and above. Within 30days it hit nearly 80 sen and RM1 within 60days. Many strike it rich with warrant. Since then it has been trading sideways for the rest of the year until now. Another breakout is imminent. A year ago Dnex was hanging on its business of IT system and oil which at that time was trading about USD45-USD48/barrel. Today Dnex's business has expanded to a level never seen before to it's shareholders, oil touching USD88/barrel and it is still early days. Enjoy the ride, another year from now hopefully it will be another extraordinary year.

Posted by KingDavid > 2022-01-19 09:42 | Report Abuse

The bear is trying to contend the bull. Can the bull breaks through RM0.9 barrier ?

Posted by OrlandoOilSemiconIoT > 2022-01-19 09:46 | Report Abuse

DNEX is in a sweet spot
The Star
PETALING JAYA: The prospects of Dagang NeXchange Bhd (DNeX) look attractive, given its strong foothold in both the semiconductor and energy space, according to Hong Leong Investment Bank (HLIB) Research.

Following a slew of corporate exercises in the first half of 2021 that ushered in a new management team and business direction, the group has transformed into a semiconductor front-end player/foundry and an upstream oil and gas (O&G) producer in the United Kingdom’s North Sea region.

In July 2021, DNeX acquired a 60% stake in Silterra Malaysia Sdn Bhd for RM168.3mil cash from Khazanah Nasional Bhd.

Beijing Integrated Circuit Advanced Manufacturing and High-End Equipment Equity Investment Fund Center (CGP Fund) owns the remaining 40% stake in the nation’s largest chipmaker.

Silterra is involved in the manufacturing of semiconductor wafers and supplies multinational fabless and integrated device manufacturer companies.

In June 2021, DNeX also acquired an additional 60% stake in Ping Petroleum Ltd (an upstream O&G company), raising its holdings to 90%.

HLIB Research pointed out that profits from DNeX’s new assets would only be reflected in the financial year ending June 30, 2022 (FY22) onwards.

The research unit said post-acquisition by DNeX and CGP, Silterra had returned to the black, registering profits of RM21.2mil in two months (August and September 2021).

“We are projecting Silterra’s estimated net profit in FY22 to FY24 to grow further to RM158.6mil, RM202.3mil and RM223mil respectively, representing a FY22, FY23 and FY24 estimated compound annual growth rate (CAGR) of 19%,” said the research unit.

Going forward, Silterra also aims to venture into a vertically enhanced product mix such as silicon photonics and micro-electro-mechanical systems, or MEMS, which will improve profit margins by three times.

Silicon photonics is a technology where optical devices are fabricated by the mainstream microelectronic processing technology.

MEMS involves miniaturised mechanical and electro-mechanical devices and structures that are made using the techniques of microfabrication.

Meanwhile, regarding Ping Petroleum’s Anasuria assets, HLIB Research said with a low operating expense per barrel of less than US$20 (RM84), the unit’s cash-breakeven crude oil price is estimated by the research unit to be at about US$25 (RM105) per barrel.

The Anasuria cluster is located 175kms east of Aberdeen in the Central North Sea, the UK.

“In the event of an oil price crash, we are comforted by the fact that these low cash operating expense levels will provide shelter from going into deep operating losses.

“With that, we deem the Anasuria assets to be a valuable cash cow.

“Meanwhile, we estimate the unit’s breakeven price to be at about US$45 (RM188) per barrel on the net level,” said HLIB Research.

The research unit opined that DNeX would see impressive earnings growth and is projecting its core net profit to grow to RM155.2mil, RM197.8mil and RM271.5mil for FY22, FY23 and FY24 respectively, representing a CAGR of 32%.

HLIB Research said this would be driven by average selling price hikes by Silterra, and increasing oil production from the Ping Petroleum’s 50%-owned Anasuria.

The research unit has initiated coverage on DNeX with a “buy” call and RM1.35 per share target price, based on a sum-of-parts valuation.

Posted by jenson68 > 2022-01-19 09:48 | Report Abuse

Undervalued counter !! Gogogo

Posted by Hotstuff > 2022-01-19 09:48 | Report Abuse

TP 1.35 is an insult .. rm2 is reasonable. if you think 0.90 is chasing high sorry it is chasing low for me

Posted by huat_ahh > 2022-01-19 09:49 | Report Abuse

Walk FAST
Walk FAR????


"ARE YOU READY???

Posted by OrlandoOilSemiconIoT > 2022-01-19 09:50 | Report Abuse

1st IB to cover normally conservative

Soon more and more IBs will cover DNEX

Posted by monetary > 2022-01-19 09:50 | Report Abuse

the story goes like this. hit 1.35 consolidate. after QR more IB start covering Dnex and revise it's TP. another wave up.

Posted by ltw1123 > 2022-01-19 09:51 | Report Abuse

No more gaduh-gaduh already?

Posted by OngKawKaw > 2022-01-19 09:51 | Report Abuse

TAK ADA ORANG LAYAN YOU ONE LAH AHHHUAT!!!

Posted by OngKawKaw > 2022-01-19 09:51 | Report Abuse

TAK ADA ORANG LAYAN YOU ONE LAH AHHHUAT!!!

Posted by quest > 2022-01-19 09:52 | Report Abuse

At 90sen and above it will be a steal when it hits above RM1 without a doubt, it will be more than 10% return at this level.

Posted by Kakume > 2022-01-19 09:54 | Report Abuse

Nasib baik pagi2 dah telan kenyang kat 0.86.

Posted by JohnFarmer458 > 2022-01-19 09:55 | Report Abuse

I said before Dnex TP RM2 . Some joker laugh and make fun of me. We will see who have the last laugh. I have collected many at 80-90cents

Posted by KingDavid > 2022-01-19 09:58 | Report Abuse

The "vessel" has finally departed with anchor retracted, in full steam sailing ahead.

Posted by skyjet > 2022-01-19 09:59 | Report Abuse

DNex cup and handle form, sky is the limit.

Posted by Johnny_Mechanic > 2022-01-19 10:03 | Report Abuse

BUY CALL, get in now before too late

Posted by monetary > 2022-01-19 10:06 | Report Abuse

jangan malu2. tekan saja buy button. buy now pay later.

Posted by ltw1123 > 2022-01-19 10:07 | Report Abuse

Wow top volume counter!

Posted by huat_ahh > 2022-01-19 10:08 | Report Abuse

ARE YOU READY???

Let's Rock....

https://youtu.be/h9QPhI7UDjo

Posted by KingDavid > 2022-01-19 10:13 | Report Abuse

Is the bull trying to kill all those who participated the short selling? This bull is quite aggressive.

Posted by strattegist > 2022-01-19 10:14 | Report Abuse

Thank you Dnex... berbakul bakul limau manis..

Posted by strattegist > 2022-01-19 10:14 | Report Abuse

nyum nyum... limau manis manyak selap wohhhhhhh

Posted by strattegist > 2022-01-19 10:15 | Report Abuse

manyak ong wohhhh

Posted by Beginner123456 > 2022-01-19 10:15 | Report Abuse

@monetary macam grab ah,buy now pay later pun ada

Posted by jk20598 > 2022-01-19 10:17 | Report Abuse

Sharks now have to rebuy tickets at much higher prices,very soon will run out of cheap tickets!Haha....,

Posted by JohnFarmer458 > 2022-01-19 10:20 | Report Abuse

Short squeeze on shorters

Posted by ooi8888 > 2022-01-19 10:22 | Report Abuse

squeeze too hard, balls pain, bro JF, HAHA

Posted by Max2838 > 2022-01-19 10:24 | Report Abuse

BrentOil price hit US$90 per barrel
Keeping you informed since you only know politics

Posted by NatsukoMishima > 2022-01-19 10:33 |

Post removed.Why?

Posted by NatsukoMishima > 2022-01-19 10:34 | Report Abuse

After june it may hit rm 10 !

Posted by NatsukoMishima > 2022-01-19 10:36 | Report Abuse

Tencent ,alibaba , meituan ,JD.COM will join this 200mm wafer fab soon , u cant find many of this yet the automobile industry need it eagerly !

Posted by umbra > 2022-01-19 10:39 | Report Abuse

macam reverse gear

Posted by nixonteh85 > 2022-01-19 10:44 | Report Abuse

trade volume still low
(10%+ for last year)

Posted by 周 海 > 2022-01-19 10:44 | Report Abuse

UNO tries to push up absorbing all other funds running away from other tech companies? Good tactic? Or bad decision?

Posted by KingDavid > 2022-01-19 10:46 | Report Abuse

The more the bear dumps @RM0.905-0.91, the better for the uptrend.

Posted by Max2838 > 2022-01-19 10:59 | Report Abuse

Russian invasion of Ukraine “may be imminent” warns White House - BBC News
Jan 19, 2022... https://www.youtube.com/watch?v=di_qFlayUZU

Keep your oil shares

Posted by jenson68 > 2022-01-19 11:00 | Report Abuse

Still not too late to buy now if you missed 0.70 and 0.80 level, keep for long term !! Hehe

Posted by Goldberg > 2022-01-19 11:06 | Report Abuse

Dagang Nexchange - The Grandiose and Crucial NeX-factor
----------------------------------------------------------
Date: 19/01/2022

Source : HLG

Price Target : 1.35


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.

A star is born. Following a slew of corporate exercises in 1HCY21 that ushered in a new management team and business direction, DNeX has transformed itself into both a semiconductor front-end player / foundry and an upstream oil and gas producer in the UK North Sea region. We deem the group’s historical financial performance to be a premature representation of its future performance as the group has ushered in a new management team along with the acquisitions of new assets (i.e. 60% of SilTerra on 26 July 2021 and an additional 60% of Ping Petroleum on 30 June 2021) – of which profits would only be reflected in FY22 onwards.

SilTerra turned into the black with strong growth trajectory ahead. Based on our findings, we understand that SilTerra Malaysia registered loss-after-tax (LAT) of -RM20.2m, -RM172.1m and -RM64.6m in FY18-20, respectively. Post-acquisition by DNeX and CGP, we highlight that SilTerra has turned into the black, registering profits of RM21.2m in merely 2 months (Aug-Sept 2021). We are projecting SilTerra’s FY22- 24F net profit to grow further to RM158.6m, RM202.3m and RM223.0m, respectively, representing a FY22-24F CAGR of 19%. Going forward, the group also aims to venture into a vertically enhanced product mix i.e. Silicon Photonics and MEMS, which will improve profit margins by 3x.

Anasuria assets are valuable cash cows. With low operating expense per barrel (opex/bbl) of less than USD20, we estimate the unit’s cash-breakeven crude oil price to be at about USD25 per barrel – based on our calculations. In the event of an oil price crash, we are comforted by the fact that these low cash opex levels to provide shelter from going into deep operating loss. With that, we deem the Anasuria assets to be a valuable cash cow. Meanwhile, we estimate the unit’s breakeven price to be at about USD45 per barrel on the net level.

Impressive earnings growth. We are projecting DNeX’s core PATAMI to grow to RM155.2m, RM197.8m and RM271.5m for FY22-24F respectively, representing a CAGR of 32% (Figure #11-12). This will be driven by: (i) the 60% acquisition of SilTerra which was completed in July 2021; (ii) ASP hikes by SilTerra; (iii) increased stake in Ping Petroleum to 90% (from 30% previously) – which will consolidate Ping’s financial performance into the group’s as it is now a subsidiary; and (iv) increasing oil production from the Ping’s 50%-owned Anasuria.

Initiate with a BUY, TP: RM1.35/share. We initiate coverage on DNeX with a highly convicted BUY recommendation and a SOP-derived TP of RM1.35/share. 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 upstream energy spaces.

Posted by 8899EL8899 > 2022-01-19 11:10 | Report Abuse

a bit scary in dnex,.......arcadia the major shareholder can sell this company in open market if the price are good,.....like what they did in theta