Guys, just to recap, since Gerard Lam’s last projection Jan 5, nothing has changed. Just some ikan bilis taking profits with DJ showing modest gain overnight, meaning overall market still weak. What hasn't changed: last QR core PATAMI was recorded at RM41.3mil.
Based on that core PATAMI, SilTerra's PATAMI has improved; wafer per mask layers ASP increased by 25% and is expected to surge; therefore, SilTerra current $21m is expected to grow to ~ RM40m in core PATAMI for Q2’22. if profitability of Ping Petroleum and other businesses remains status quo, even though Ping is expected to rise with improved crude prices, DNeX will record a profit of around RM60mil in Q2’22. Using a modest PE of 25 Dnex value translates to be RM1.87. If we factor in crude recovery and use PE 30, DNeX's value should be RM2.25 At current price of RM0.89, DNeX is significantly undervalued. After Chinese New Year we may never see Dnex at these levels. Happy trading!
Washout fake investors that was riding on dnex uptrend but has no intention to hold long term. More selling means more long term buyer. Only small time retail keep selling. Sharks and local funds keep buying. Otherwise who absorbed all the large selling volumes?
Last 2Q profits are derived from NON-Cash ( just on Valuation-----just like your House price appreciation ). Next Qr results, Dnex has to bring in some thing more substantial. Current Hype is wafer price....Dnex real intention is raising Cash (RM600mil ) for Silterra Expansion...basically selling stock for Money. If management succeed in raising enough Cash then future looks Bright ( 2years time )
Bull and short ARE FRIENDS! This is how investments bank make money. They will short sell till you give up They will buy till you feel it go to rm5 They are Dracula. They wont give u face.
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....
Legend
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Posted by Legend > 2022-01-25 11:03 | Report Abuse
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