Hlib research is very sanquine on DNex earnings. Highlighting on Silterra earnings. The writer is bullish on Silterra and their target price for DNex is 1.35.
Looking at the seller queue, doesn't it look like a fund is selling,a bit too big to be retailers selling? 1.05 apart, the rest of the seller queue i mean
DNex board consist of 10 directors previously 8 members {day to day operations under the executive board which consist of 4 board members} very structure and streamline. the 10 members consist of Tan Sri Syed Zainal { Group CEO}, Dr ChenWei Min { Foxconn-Silterra}, Robert Fisher { Ping petroleum} retired MD of Exxon Mobil, Tan Sri Abdul Rahman Mamat is the Chairman, Tun Noor Shahya and Muhd Radhi is the 2 additional new board members. Other board members are all professionals in finance, audit, law, engineering and management expertise.
dickyme, although i agree dnex is overprice, but if you compare gloves with dnex, this show you are newbie ... gloves drop due to asp drop ... not because overprice ...
For the past 10 -12 trading days . Foreign funds institution are buying thru direct deals and block trade. Minimum 1000 lots per block trade { definitely not ikan bilis } Not we know why the spike in DNex volume
Top glove shares went ballistic from 4.00+ to 20.00+{ i.e. over a period of 6-10 months } before their share split. Dnex is still trading between 80 - 1.00 price range for the past 8 -10 months.
Looking at Foxconn's EV confirmed plans in Indonesia n Thailand are auguring very well for dnex. Next question is will they further up their stake in dnex in the very near future ???
Good possibility of Foxconn raising their share interest from 5%+ to 10%+ or above. Money is not an issue for Foxconn. Above 10% interest Foxconn can have more say & direct control on Silterra operations thru DNex board. Issues or any specific corporate exercise can be raised thru the Board or AGM. Below 5% your voice is limited
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....
BeeNeutral
106 posts
Posted by BeeNeutral > 2022-02-10 09:36 | Report Abuse
Once the 1.05 wall is broken, then we are going into uncharted territory