My broker who often has a lot of unverified news has it that the contract value is at least 1.5B. But no one is able to say whether it's DNEX, Theta, or another entity. Black horse developing, maybe both DNEX Theta fails to get NIISE
I may be dead wrong...but this kind of movement precedes a huge uptrend.
First round push done, the sky high volume at 52+ could have went either way. In hindsight that should have been an exit for short term traders. Too much resistance they bring it down to flush out more of us before next round, this is what's happening now.
Now it's pretty amazing they have been able to control the share price and volume at almost identical levels for days to come. This is intended to wear out shareholders patience and flush them out.
It does not look like distribution yet. Silly to make it look so weak day day black candlestick if they are enticing buyers, this is enticing sellers instead.
If the stock is weaker they should have pushed it down to 40 and below and scare us off for good. But it looks like they are not doing that because that will cost them much more and we may pick it up cheap. In that scenario we should see a deep V shape move. But it's not happening. So this player is very patiently doing his job maintaining it at newly established support around 45. Won't let it break either way.
Yeah when stock don't move I like to imagine things. Could be dead wrong - like there's impending bad news and this is all just part of distribution. Really doesnt look the case esp w market so bullish.
Meanwhile, happily trading construction counters. No urgency here...when my construction stocks are ripe maybe take profit and park it here 🤣
The chief that can give "OK" who gets NIISE Change with New Political Boss. But office staff "Never" change. All Co details are Known regards who is the new Boss---They can award Contracts in 2 weeks---Now 52 weeks Later we still donT know who gets what ?????? Very strange
"On the long-term perspective, we are optimistic with DNeX’s growth strategy as it has signed an MoU with Foxconn to build a new 12-inch fab facility in Malaysia. This facility is expected to produce 40k wafers/month encompassing 28nm and 40nm technologies. While the plan was announced 2 years ago, it faced some setback with regards to some incentives that it seeks from the government. Note that the government has recently announced RM25bn allocation to support the newly launched National Semiconductor Strategy (NSS) aimed at catapulting Malaysia at the top in the semiconductor industry. Among others, the government is looking to attract foreign direct investment for wafer fabrication which we believe it bodes well for DNeX-Foxconn partnership."💪💪💪🤞🤞🤞
Jumping to conclusions without having all the relevant information can lead to misunderstanding, misinterpretations.... A glimpse of something doesn't give you the entire picture... just wait and see! 😉
Let's hope the Bank Islam analyst knows what he's talking about
If u see what Zaf said, the 25B is....elusive:
Out of the RM25 billion allocation, RM5 billion is slated for phase one, according to Zafrul. However, he did not disclose further details when queried about the breakdown for the allocations.
"The breakdown of the RM25 billion allocation is anticipated to span five years, with approximately RM5 billion allocated for phase one. If you ask me, across these three phases, I estimate a timeframe of around 10 years," he stated.
Having that said...having a local and very bumi company partner with credible names like Foxconn, must be viewed as a success on the commencement of this semicon strategic plan. There is no other fab plant in Msia like this. Govt can claim lots of credits for public perception
It's very puzzling why they are not pushing it through quickly
And having that said, Foxconn is already vested in DNEX and have a 2yo MOU. Foxconn also bidded for Silterra. If Foxconn wants to be here, DNEX will have a part.
@8dragon u fundamental investor ah...below 38 dont know how long the downtrend will be, better not. Below 38 u wait to buy the sharp rebound then chase la
No wonder the share price can’t move lah… so many so-called investors are cursing DNEX.. like they don’t want DNEX to succeed.. they want the share price to come down 🤣
Should be beyond NIISE...How can Redtone go in because of NIISE award, that's insider trading. But Redtone can go in JV w Theta do some Jendala stuff, that's big as well dont need NIISE
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....
kuningNo1
85 posts
Posted by kuningNo1 > 2024-07-15 09:32 | Report Abuse
how my Dnex today, start moving?