Its normal with a low share price to have high volume when going up due to the day traders and computers that buy and sell on algorithms to make 1 to 2% per deal. In DNEX case 0.5 sen is almost 1% gain so if the target is 1-2% gain per order they will keep buying and selling to take the profit. So I assume we need to trade 800- 1Billion shares to move up 0.5 to 1 sen before it becomes stable. When it hits 1 RM it will be a very different stock to trade. There is also small investors that keep taking profit of 5-8% so that will pressure the share price aswell. but eventually, the price will slowly go up once the benchmark has been moved without any news.
DNeX's turn to rise is near. Be patience. It will be a bonus to get NIISE project. The current trend is semi conductor. The chinese partner in Siltera could be settled soon with the visit of the the Chinese Premier.
Jazmaster, there is actually 5 catalyst the way I see it 1. If they get NIISEII awarded and if it's a good price and good terms 2. If the arbitration goes DNEX way New FAb factory with Foxconn and the Saudi company 4. Silterra starting to earn money and getting the order books full 5.start 2025 when PING starts to make money on the new cluster and double the earning
Imagine the cost to run the obsolete wafer fab. Probably in the red for 200mil by now and when the FALSE Chinese TSMC ( not related to Taiwan TSMC ) wins the arbitration, it will be closed. Check it up la....instead of all the sharks rumours.
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....
8dragon
2,241 posts
Posted by 8dragon > 2024-06-13 17:08 | Report Abuse
Who cares about the company, fill up your own pocket is the priority..