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Why did I sell DNEX? Koon Yew Yin

Koon Yew Yin
Publish date: Wed, 16 Feb 2022, 08:59 AM
Koon Yew Yin
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An official blog in i3investor to publish sharing 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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Discussions
Be the first to like this. Showing 50 of 50 comments

ValueInvestor888

alamak compared apple with orange...

2022-02-16 11:13

Johnzhang

Uncle has lost his sense!

2022-02-16 11:15

Hotstuff

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

CharlesT

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

Goldberg

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

Tiger62

This guy know nothing about DNEX, simply hentam

2022-02-16 11:52

gohkimhock

uncle KYY, it seems you are not smart at all..

2022-02-16 12:24

gohkimhock

@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

ahbah

Steel stks ... no show yet lah.

2022-02-16 12:48

AlanNga

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

AlanNga

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

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?

2022-02-16 14:43

ValueInvestor888

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

bang_miskin

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

amateurJR

Haha Uncle u sure got buy or not?

2022-02-16 15:24

mamatede

I also bought Dnex, and at current price of 1.25 is more than your 55%. hah

2022-02-16 15:34

bang_miskin

@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

Airline Bobby

NO WONDER DNEX UP KOON SOLD ALD LOL
BUY BUY BUYYYYYYYYYYYYYY

2022-02-16 16:58

JohnFarmer458

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

Richard123456

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

Richard123456

buy cheap and buy worth are not same

2022-02-16 18:04

OTB

Post removed.Why?

2022-02-16 19:32

JohnFarmer458

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

DickyMe3

"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

Edwardong53

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

Jerichomy

Post removed.Why?

2022-02-16 23:29

Jerichomy

Post removed.Why?

2022-02-16 23:31

Jerichomy

Post removed.Why?

2022-02-16 23:32

OTB

Post removed.Why?

2022-02-17 00:01

ogre2021

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

OTB

Post removed.Why?

2022-02-17 00:29

Sslee

Haha Herbert Chua is back, time to buy LayHong.

2022-02-17 07:33

Jerichomy

Post removed.Why?

2022-02-17 08:04

henry888

Ha ha.. Uncle KYY now becomes most ppl's jokes/after tea talk.

2022-02-17 08:23

Chee888

KYY boleh tunjuk bukti you beli DNEX kah? jangan kuat create story lor!

2022-02-17 09:22

OTB

Post removed.Why?

2022-02-17 11:25

OTB

Post removed.Why?

2022-02-17 11:28

OTB

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

ahbah

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

Jerichomy

Post removed.Why?

2022-02-17 12:07

serbatipu

Post removed.Why?

2022-02-17 16:26

peterparker69

Wonder when this old cock will go bancrupt! He buy we sell, he sell we buy.

2022-02-17 17:54

cckiong

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

farisfx54

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

winnerz

So how much u made from DNEX tis time, master?

2022-02-17 18:13

OTB

Post removed.Why?

2022-02-17 21:53

nickinvests

uncle buy dnex meh? got proof or not

2022-02-18 03:08

stockpip

Don't listen to this old con. Use your own judgement.

2022-02-18 08:57

OTB

Post removed.Why?

2022-02-18 20:55

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