You could dispute the NTA of RM0.62 by making assumption that the financial results have been fabricated like SERBADK. Otherwise I see no reason for the share price to be below NTA price unless cheap sales or clearance sales.
Pity the DNex loyalist. Actually the profit performance is not bad but short sellers create the fear leading to some panic selling. DNex CEO/MD should come out with a statement to calm the loyalist DNex
Dagang NeXchange Bhd (DNeX) posted an 86% year-on-year decline in net profit for the first quarter ended Sept 30, 2022 (1QFY2023) due to the absence of one-off bargain purchase effect from the acquisition of 60% interest in SilTerra Malaysia Sdn Bhd.
"Furthermore, the strengthening of the US dollar is favourable to the group with more than 80% of the group's revenue transacted in US dollar. Particularly at SilTerra, we will continue to focus on investing in new emerging technologies that command higher average selling prices for long-term sustainability," he said.
Syed Zainal Abidin said DNeX's energy division is also expected to benefit from stabilising Brent crude oil prices over the near term on the back of Russian oil sanctions and production cuts by OPEC+.
Sept 30, 2022 (1QFY2023) due to the absence of one-off bargain purchase effect from the acquisition of 60% ____________________________ This is actually a inflated Revenue with no earning attached. Management just said bought Silterra Cheap and attached a " invisible profit " to it ( and ikan bilis becomes ecstatic High for imaginary numbers )
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....
Mini Bull
799 posts
Posted by Mini Bull > 2022-11-25 14:50 | Report Abuse
game over