Posted by UncleFollower > 2024-03-15 14:07 | Report Abuse

It's for Ping Petroleum's Petronas contract. Ping is worth maybe less than 500M before this deal. This CEO likes to think big. I think it remains in plan to spin off Ping in due time, but he wouldn't do it when it's smallish. There could be more M&A, or falling back on his connections, Petronas, before ultimately spinning off Ping.



Mixologist

Why do they still need private placements?

2 hours ago

Posted by UncleFollower > 2024-03-15 14:12 | Report Abuse

TSMC's 110% rally draws caution, even from the bulls
15 Mar 2024 12:40

THE rapid ascent in Taiwan Semiconductor Manufacturing Company (TSMC) is making it harder to ignore risks for the world's largest contract chipmaker, even for its staunchest supporters.

TSMC's shares have surged more than 110 per cent from an October 2022 low amid the global investor mania over artificial intelligence (AI), tracking gains in key customer Nvidia. Although AI-related revenue accounted for just 6 per cent of TSMC's total revenue last year, the market has been pricing in a big jump in that figure on the promise of an explosion in demand.

The stock's relative strength index has been in overbought territory for much of the past two months, signalling the rally has gone too far, too fast. It is also surged to its biggest premium on record over the average analyst price target.

Morningstar analyst Phelix Lee has one of the street's highest targets, but admits some nervousness over how long AI growth can remain at elevated levels. His estimate of NT$950 implies an upside of more than 20 per cent.

"If I look at the order book, I would be a little bit concerned of how sustainable the AI demand is across the time span of three to five years, because you cannot really spend several tens of billions on data centres every single year," Lee said.

TSMC in January said its AI revenue is growing at 50 per cent annually and should comprise somewhere in the "high-teens" by 2027. The company is building plants in the US, Japan and Germany as it races to supply needs for AI chips used in data centres operated by global powerhouses including Amazon.com and Microsoft.

Geopolitical concerns cloud the outlook, given Washington-Beijing trade tensions and the possible impact of this year's US presidential election. Morningstar's Lee said it is unclear whether TSMC's strong order book has been powered mainly by end demand for AI products or inventory stocking by American clients looking to hedge policy uncertainty.

Another risk is how quickly Apple ? which accounts for more than 20 per cent of the Taiwanese foundry's sales ? can counter the downturn in the smartphone industry and succeed in adding AI features to its devices, according to Kevin Wang, an analyst at Mizuho Securities Asia.

"For iPhones, indeed we saw the demand actually is getting weaker in China, so that might have some potential risk for their orders," Wang said.

Despite such worries, both Morningstar and Mizuho remain optimistic about TSMC's stock, which has 35 buy ratings and just one hold recommendation, with zero sell calls.

While the debate about overheating continues to track the prolonged global AI rally, analysts seem to agree that valuation is not a concern for TSMC. The stock is trading at 16 times estimated earnings for next year, which is about in line with its five-year median and ranks near the lowest in a gauge of major global chip peers.

"It is hard to draw a conclusion that there is a bubble in AI stocks," said Daniel Liang, a Taipei-based portfolio manager at Cathay Securities Investment Trust, whose fund has TSMC as one of its biggest holdings. "For any company that has more than 10 per cent revenue contribution from AI, a valuation of 30 times to earnings is not demanding to me." BLOOMBERG

Posted by ken2004 > 2024-03-15 17:58 | Report Abuse

seriously, you see the price like this also you know DNEX situation..........those people won't simply buying htpadu for no reason......

Posted by Gaussian > 2024-03-15 18:58 | Report Abuse

Cronism In htpadu. lol

Posted by Gaussian > 2024-03-15 19:00 | Report Abuse

Confirm htpadu won’t get the NISS project. lol

Posted by Diego66 > 2024-03-18 09:36 | Report Abuse

Then MYEG will get it? 😆

Posted by 8dragon > 2024-03-18 10:10 | Report Abuse

All are not qualified. Eventually Iris will come in to lead the implantation by forming a consortium. I play risk buying Iris instead of Dnex.

Posted by anson938 > 2024-03-18 10:44 | Report Abuse

2 week more to go hari raya holiday.....

Posted by anson938 > 2024-03-18 10:49 | Report Abuse

Could it pass 0.40 before raya???

Posted by 8dragon > 2024-03-18 12:00 | Report Abuse

Will drop below 0.33 soon...

Posted by younglean > 2024-03-18 21:24 | Report Abuse

Up or down? Open betting before Raya 😁

Posted by Tyro > 2024-03-19 10:30 | Report Abuse

https://www.youtube.com/watch?v=3XhK1Eo8Odk

Posted by MiddleAge > 2024-03-19 12:02 | Report Abuse

when I losses RM 8K in Dnex in Jan, I sold them off and turn all to Sunway. Now I earn RM 25K from Sunway less than 2 month. I come back and check Dnex, still the same price as when I sold Dnex. What should I say?

Posted by Gaussian > 2024-03-19 18:05 | Report Abuse

Kelantan sultan own htpadu. lol

Posted by ken2004 > 2024-03-20 00:18 | Report Abuse

LOL, seriously DNEX no chance to get, htpadu got connection, even the current provider, so many advantage...........

Posted by Kanenites > 2024-03-20 01:27 | Report Abuse

lol

Posted by 8dragon > 2024-03-20 07:57 | Report Abuse

A lousy CEO of a company is reflected by the share price.. lol

Posted by anson938 > 2024-03-20 10:36 | Report Abuse

Yeah! Cash out for raya @low price, its adnornal

Posted by Mixologist > 2024-03-20 14:43 | Report Abuse

Check out their FB updates and you know what actually keeps them busy.

Posted by Diego66 > 2024-03-20 17:35 | Report Abuse

What's their FB name, Mixologist?

Posted by Mixologist > 2024-03-20 22:14 | Report Abuse

Just look for Dagang Nexchange Berhad on FB.

Posted by anson938 > 2024-03-20 22:15 | Report Abuse

OTHERS DAGANG NeXCHANGE BERHAD ("DNeX" OR "COMPANY") - Extension of License P2451
DAGANG NEXCHANGE BERHAD

Posted by anson938 > 2024-03-20 22:21 | Report Abuse

KUALA LUMPUR (March 20): The Fyne Field oil field development licence for Hibiscus Petroleum Bhd's unit has been extended by 30 months by the UK's North Sea Transition Authority (NSTA).

Hibiscus’ indirect wholly-owned subsidiary Anasuria Hibiscus UK Ltd owns a 42.5% stake in the licence, with Ping Petroleum UK Plc, an indirect subsidiary of Dagang NeXchange Bhd, holding another 42.5% interest. Rapid Oil Production Ltd owns the remaining 15%.

NSTA approved the extension request for the second term of the licence from March 31, 2024 to Sept 30, 2026.

“A condition of the licence extension is that by Sept 30, 2026, the NSTA expects that the company will have achieved an approved Field Development Plan and Production Consent,” said Hibiscus in a stock exchange filing on Wednesday.

Hibiscus and Ping Petroleum bought into the licence in November last year, and the first oil is expected in 2026, whereupon Anasuria Operating Company Ltd — equally owned by Anasuria Hibiscus and Ping Petroleum — will take over as operator of the Fyne production from Anasuria Hibiscus.

Shares of Hibiscus gained six sen or 2.4% to RM2.58 on Wednesday, giving it a market capitalisation of RM2.08 billion.

Read also:

Hibiscus, Ping each take up 42.5% stake in Rapid Oil's Fyne Field in Central North Sea






Hibiscus secures approval to acquire 42.5% stake in Central North Sea oil field

Posted by 8dragon > 2024-03-21 13:12 | Report Abuse

This counter can wait and buy below 0.32....

Posted by UncleFollower > 2024-03-21 17:35 | Report Abuse

Isham files report against Farhash over HeiTech Padu shares

https://www.freemalaysiatoday.com/category/nation/2024/03/21/isham-files-report-against-farhash-over-heitech-padu-shares/

Posted by 143922 > 2024-03-21 21:03 | Report Abuse

Masih ada harapan lagi

Posted by Gaussian > 2024-03-21 21:17 | Report Abuse

So many opposition to htpadu. lol

Posted by Diego66 > 2024-03-21 23:21 | Report Abuse

@Mixologist. I see. Ty

Posted by UncleFollower > 2024-03-22 12:21 | Report Abuse

It's been so long since the CGP issue no one talks about it anymore...

I recall buying on the dip then averaging down further and then started being scared as it went lower and lower for the next 2-3 weeks lol

And then it miraculously went up and up and up and I made some handsome gains

Waiting for the same miracle this round 😆

Posted by UncleFollower > 2024-03-22 12:24 | Report Abuse

Back to CGP issue

Looking at how nationalistic and political we have become, it is really not surprising if Govt blocks majority stake by CGP. And politics aside, it's kind of fair afterall Khazanah sunk in so much to Silterra, it is not to benefit a foreign party...

So what if CGP wins, and Miti imposes condition? In all possible scenarios...it can't be that bad for DNEX. CGP can sell out, cos why hold on and die together if their existence cost the revocation of license...There is Foxconn to takeover...Or issue more shares and dilute both DNEX and CGP, new party also Msian...

How? How can DNEX lose in any outcome?

Posted by ken2004 > 2024-03-22 16:19 | Report Abuse

Silterra is no longer the cash cow anymore, as can see from DNEX losses and miss expectation on all the qtr so far.........

Posted by Mixologist > 2024-03-22 21:13 | Report Abuse

I thought someone was joking but it seems like they’re only doing religious stuff now

Posted by NatsukoMishima > 2024-03-25 08:39 | Report Abuse

Dnex future is in middle east digitalisatio , rm 4 -6 still intact , this is the best time to all in before 2nd wave bullish ! Got money just in !

Posted by 143922 > 2024-03-25 16:23 | Report Abuse

Ok.Tq Mr Doremon🤣🤣

Posted by Diego66 > 2024-03-27 17:32 | Report Abuse

NeXchange Bhd (DNeX) announced the extension of License P2451, held by its subsidiary Ping Petroleum UK PLC, for a further 30 months until September 30, 2026

https://themalaysianreserve.com/2024/03/20/dnex-and-hibiscus-petroleum-extend-license-expand-north-sea-ops/

Posted by NatsukoMishima > 2024-03-28 13:07 | Report Abuse

Only dnex qualified for mega project NIIS because good reputation !

Posted by Gaussian > 2024-03-28 17:17 | Report Abuse

Dnex will get the project because of the CEO strong prayers. lol

Posted by 143922 > 2024-03-28 20:33 | Report Abuse

👍

Posted by TCH1186 > 2024-03-28 23:33 | Report Abuse

Can average down dy ah? Me 77 liao. Mtf stock

Posted by Income > 2024-03-29 08:05 | Report Abuse

Xpeng flying
https://youtube.com/shorts/uRL0zSD3ACs?si=hNvnijuiWOnCvrLn

Posted by Income > 2024-03-29 08:24 | Report Abuse

https://youtube.com/shorts/xFUXUqXdy4c?si=bgV1lYoYrSwkZCQc

Posted by ken2004 > 2024-03-29 14:02 | Report Abuse

I just said market is showing us the cruel reality already point to you who is the favorite to get the immigration contract. whose shares flying but which shares keep dropping........

Posted by Ron90 > 2024-03-29 16:47 | Report Abuse

collection mode ...

Posted by Income > 2024-03-31 00:28 | Report Abuse

https://youtube.com/shorts/6ls_L-_JqFc?si=JADoLExa9UKZW02b

Posted by UncleFollower > 2024-04-01 18:09 | Report Abuse

DNEX sharks game plan is simple. Flatline the share at this low level. Flush out shareholders who lost patience, who stare at other counters flying while this one flatline. Matter of time before shareholders lose it and sell out for better buy.

Posted by UncleFollower > 2024-04-01 18:09 | Report Abuse

Then comes the big great push

Posted by SummerHoliday > 2024-04-02 00:47 | Report Abuse

Well said Uncle!

Posted by Mixologist > 2024-04-02 09:17 | Report Abuse

Imagination is a good thing

Posted by NatsukoMishima > 2024-04-02 14:54 | Report Abuse

Ping petroleum will bring huge np to dnex in future !

Posted by Ron90 > 2024-04-02 15:28 | Report Abuse

dont missed the boat