Koon Yew Yin's Blog
Why did I sell DNEX? Koon Yew Yin
Koon Yew Yin
Publish date: Wed, 16 Feb 2022, 08:59 AM
Koon Yew Yin
0 1,453
An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.
All materials published here are prepared by Mr. Koon Yew Yin
All materials published here are prepared by Mr. Koon Yew Yin
My niece who is a very clever investor recommended me to buy DNEX about 2 months ago when it was selling about 75 sen. It reported 9.81 sen EPS for its latest quarter ending Sept and 4.93 sen EPS for its previous quarter, total 14.7 sen. I bought some shares to diversify because I have only Prestar, Leon Fuat and AYS.
As you can see from the chart below, DNEX has been shooting up from 75 sen to peak at Rm 1.16 at Rm 1.16 yesterday, an increase of 41 sen or 55% within 2 months.
Yesterday I sold all my DNEX at Rm 1.16 to make 55% profit within 2 months. I am very satisfied with the profit although it might still go up higher as its price chart is up-trending.
My reason for selling DNEX is because Prestar, Leon Fuat and AYS are cheaper in terms of PE ratio as shown on the table below.
|
Name |
Price |
Latest EPS |
Previous EPS |
Total |
|
DNEX |
Rm1.16 |
9.81 sen |
4.93 sen |
14.7 sen |
|
Prestar |
67 sen |
7.21 sen |
9.59 sen |
16.8 sen |
|
Leon Fuat |
99 sen |
11.34 sen |
9.76 sen |
21.1 sen |
|
AYS |
68 sen |
5.61 sen |
8.5 sen |
14.1sen |
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| Chart | Stock Name | Last | Change | Volume |
|---|
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Discussions
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no one listen to this old fox anymore la... he's about to die... never listen to a dying fox.
2022-02-16 11:20
I think Old Con listens to OTB's buy call to buy Dnex at 0.80+to 0.90+ n sold for some profit
Now intend to buy back lower
2022-02-16 11:22
CGS-CIMB starts coverage on Dagang NeXchange, target price RM1.60
Surin Murugiah
/
theedgemarkets.com
February 16, 2022 08:10 am +08
CGS-CIMB starts coverage on Dagang NeXchange, target price RM1.60
-A+A
KUALA LUMPUR (Feb 16): CGS-CIMB Research has initiated coverage on Dagang NeXchange Bhd (DNeX) at RM1.13 with an “Add” rating and target price of RM1.60.
In a note Wednesday (Feb 16), the research house said DNeX is well positioned to benefit from SilTerra’s turnaround, underpinned by on-going semi chips shortages and structural shift towards More-than-Moore (MtM) devices.
The research house said it is projecting SilTerra to invest over RM900 million capex in FY22-24F.
“The group plans to increase its mask layer (ML) capacity by 20% to 10m ML/annum by CY23F.
“We expect SilTerra to secure two new long term agreements (LTAs) in 1HCY22F that will take up 80% of its capacity,”it said.
CGS-CIMB projects DNeX to post a 3-year core EPS CAGR of 453% (FY21-24F) driven by 1) higher wafers ASP, 2) higher wafers production volume on the back of new capacity expansion, 3) higher average crude oil prices for Ping Petroleum Limited (Ping), and 4) higher production volume at Ping on the back of its new capex programme.
“DNeX also enjoys a lower effective tax rate given that SilTerra has over RM12 billion as of Jul-21 in unrecognised deferred tax assets that could be offset against its future profits.
“Note that we have yet to account for: 1) contributions from emerging technology platforms like silicon photonics that command premium ASP, and 2) commercialisation of Ping’s Avalon oilfield,” it said.
2022-02-16 11:31
@pang72 Steel stocks are full of debt. Could see some major cash flow issues due to receivables too. Only Press Metal and Annjoo is playable. I still favour banking and construction this year, adding to the list is 5G theme riding on the back of technology sector..
2022-02-16 12:41
you are irrelevant, dont take credit for what other quality analyst like GerardLam has been giving quality analysis since RM0.70.
You should be ashamed for using tricks to manipulate the public to sell Dnex and buy Prestar, AYS and Leonfuat which is in a totally different ball game as Dnex.
2022-02-16 12:49
You and your personal assistants that you wanted to appoint to Jaks BOD James and Alan should be sent for investigation
2022-02-16 12:50
after Genetec, Sam, MPI etc, now superstocks are Dnex and PMB Tech...
Those still not onboard, it seems too late to chase as risk is getting higher and have little margin of safety.
What is the next superstock?
2022-02-16 14:43
i have been thinking when to sell my last batch of DNEX every day...
Right issue or private placement is coming. They need to goreng up now...
2022-02-16 14:50
Very obvious KYY is using Dnex to promote his share. Why?
1) He probably doesn't own Dnex in the past, so he made up "selling Dnex" even though it is a rising counter. Why not wait a bit longer and make a larger profit?
2) He is trying to imply that his counters are much better than Dnex. Look, I just sold a rising counter (Dnex) but I am still keeping these counter (these are much bettah), you should buy and hold them too!
Okay KYY, you do you lah.
2022-02-16 15:16
I also bought Dnex, and at current price of 1.25 is more than your 55%. hah
2022-02-16 15:34
@pang72 Ya lor. Sailang Dnex at 1.24, sell at 1.60. Have more money to buy moar AYS, untung besar kan?
2022-02-16 15:57
ValueInvestor888 after Genetec, Sam, MPI etc, now superstocks are Dnex and PMB Tech...
Those still not onboard, it seems too late to chase as risk is getting higher and have little margin of safety.
What is the next superstock?
16/02/2022 2:43 PM
Theta
2022-02-16 17:38
uncle will never buy for high PE stock. PE value is the past result. if Dnex does not grow, then he is right. but seem Dnex will have big grow
2022-02-16 17:56
When KYY make this kind of post you know he is trying to drive price down so he can buy at discount... his usual shaking tactics. after he has bought in he will promote aggressively so he can sell higher.
2022-02-16 20:09
"Posted by newbie2828 > Feb 16, 2022 8:43 PM | Report Abuse
same category as old horse. one leg in coffin still kicking and making noise."
=================================
Yar loh! Same like your parents.
2022-02-16 20:44
Why must KYY waited until his niece advising him to buy Dnex; KYY should have bought Dnex when it was below RM0.70......
2022-02-16 23:06
hi @OTB
your posting below made on 18 Jan for reference, when you replied to a question when to buy dnex....
__________________
Stock: [DNEX]: DAGANG NEXCHANGE BHD
Jan 18, 2022 11:37 PM | Report Abuse
I am waiting for TA buy signal to buy Dnex.
Thank you.
2022-02-17 00:18
A nice person will always be in Memory.
A better person will always be in Dream.
But a sincere person will always be in Heart.
Thank you.
2022-02-17 11:32
kyy's ship is too overloaded with all his steel !
When he unloads his steel, his ship is also too light n unstable ?
So what to do ?
2022-02-17 11:59
Wonder when this old cock will go bancrupt! He buy we sell, he sell we buy.
2022-02-17 17:54
Uncle is the laughing stock now and I bet he lose a lot of money considering the stocks he recommended all kentoi
2022-02-17 18:08
MR OTB , U ar Right n from what i see from yr replies, that u are responsible and honest person.keep up yr good work n B CooL. Don't get drawn in.
2022-02-17 18:10
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