The share price is cheap but if the management team does not posses the right management skill, I could not find a reason to buy. EPF is people's money. Any right minded captain will at least come out and explain the situation. Otherwise, pack your bag and do the right thing.
what you want him to do the position should be china company held more than half to control the company but after reach the dateline to convert then said the company must be bumi to keep on manufacture then how to settle still on court case cannot reveal just dont put too much faith on the court case hold little and see wait rebound
Silent 88888 that is only applied to Siltera. Not DNeX. Hon Hai holds 120 millions shares @RM0.9, Hon Hai is having paper loss of RM67 million. Hon Hai will not put in any more money after experiencing the current captain performance.
We should send representatives to the AGM to voice the disapproval performance of the BOD. We should write to the top 10 biggest shareholders to remove the captain.
You must know the History of Dnex undertakings to understand this Co. chaotic Decision----- Basically Bumi take over this Time Engineering Co which is just a Electrical Wiring Co (a small Co---7 years to make a profit ). Then they Got " jalan " secure Gov Digital / Software installation---Still wiring Co but sub-sub Gov contract (Soft ware installation ) to many Chinese Installers ( very little margin Left ). New Oil Ceo came-in, change to Oil prospecting but Petronas hands are Full of Bumi Contractors----Then approach Gov for NIIS ( now digital IC ) but Muhyddin has his own "maicai "---So lastly score Big, Bought Silterra ( Sold by Khazanah but it is close to Bankrupt----100mil loss every year for 10yrs )
Why did the top 10 shareholders put in their money? I don't understand their intention. CGP did not buy DNeX shares that I can understand now. Hon Hai bought 120 millions DNeX shares wanted to secure the supply from Siltera with their man in Siltera. EPF ? and still others?
Now someone needs to defend the share price @RM0.34. What a pity? How can any GLC progress if the mentality of those in positions do not make an effort? It seems to get into the positions is the end of their efforts, not the beginning to make it successful.
Maybe it is the EPF, the people's money who is defending the share price @RM0.34. What a pathetic situation? If there is any dinity left for the top management, resign is the only option.
For prospective EV chip business, as I said earlier Apple now drop their EV project. As the main manufacturer for Apple devices, Foxconn's plan on EV manufacturing would be affected (as they knew their own brand doesn't have a chance against China and Tesla), which mean they might change their investment plan. Back to Malaysia, Dnex is working with Foxconn to secure a JV for a 28 nano or 40 nano fab (mainly for EV chips manufacturing), so with business plan change on Apple which reflected all the way down to Foxconn. Do you think Dnex JV with Foxconn still continue? In fact, Dnex is super slow (maybe due to the working culture or lack of "guts" when there is no one in government to support).
MddleAge, the control of the subsidiary is the main reason for not feasible to go ahead. Even though Geely owes only 49% of Proton but the control is under Geely. The current captain still cannot reflect what went wrong during his time in Proton. DNeX will be the old proton till we find "Geely" in DNeX.
The ego of the captain maybe the cause of the dispute for an agreed 5 board members in Siltera ( 2 from DNeX and 3 from CGP). Obviously who was the one who caused the dispute. Never learnt from the lesson in Proton.
I am just hoping that when no one is interested in the company, someone who may have already put in place a plan to take over with the blessing of the current unity government.
Looks quite attractive la, "quietly" gapped down and now hovering at this price give new traders chance to punt, old traders chance to average down. We all know this is a goreng stock. They dont report 600M loss I can accept already lol
Actually, those big shark already price in all this, they already know, see whether still can drop further if this company keep on bleeding............
DARE to screw up share price DARE to screw up shareholders DARE to screw up key business partner CGP DARE to change financial year end for nonsensical reason DARE to be not 100% focus and post Middle East war stories on Instagram during work hours DARE to smile and wave and do nothing at AGM DARE to act serious kononnye at AGM DARE to create lousy app that nobody downloads
After all, DARE to extract salary after screwing up
EGO enough to ignore shareholders EGO enough to deteriorate financial performance EGO enough to ignore their incompetencies EGO enough to not recognise that they are not the best people to lead the company EGO enough to issue shares to themselves despite destroying company’s financial performance
After all, EGO enough to think they are the best people (whole Malaysia know they screwed up but themselves)
An EGM should be called by by >10% shareholders to remove the present CEO and BODs who are seen to be under performing and using Company name for personal selfish gain….
Unless there is news either on the top management team or better news on the dispute between CGP and DNeX, or solid news on government projects, the share price will not move.
Global market & local market are good at the moment, and so no pressure to sell down. Wait till markets turn from good to bad, then we can see whether the share price of DNeX is already reaching bottom.
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....
KingDavid
2,666 posts
Posted by KingDavid > 2024-03-01 09:22 | Report Abuse
Maybe there is a reason why no real bosses want to put their money in because of the interferences from ?