@Depeche.. Agree with your observation. Dnex has been moving sideway in a very tight range over the past 1-2 weeks. This is quite a good sign in view of bad market sentiment over the past 1 week or so. I am still very optimistic Dnex will go uptrend very soon when market sentiment improves. There is nothing to worry for long term investors. Just be patient. Cheers.

@spiderman2 psst..its insider news.

No la..the comment maybe mirip tapi bukan serupa. Our Chang sifu lately maybe out of ideas dont know wanna give shark push theory or tgif theory. So I help him give daily analysis theory..
Later his follower will confused why price drop despite good news n oil rebound. So with daily analysis will instill confidence in them. So my intention is good. I help look after him. Cheers..

Guys good news.
KUALA LUMPUR (July 13): Dagang NeXchange Bhd (DNeX) said its wholly-owned subsidiary Dagang Net Technologies Sdn Bhd has been appointed as the reseller of Financio, a cloud-based accounting software, in Malaysia and Indonesia.

Designed for users with little accounting knowledge, DNeX said Dagang Net will target to sell Financio to start-up firms, small business owners and micro small and medium enterprises.

“With Financio, we can increase our portfolio of business-to-business (“B2B”) e-Services offerings to our existing client network as well as expand reach to new markets,” DNeX executive deputy chairman Datuk Samsul Husin said in a statement.

Samsul said Financio will serve a “relatively untapped market” to meet the unique needs of today’s entrepreneurs and small companies who are looking for a user-friendly accounting software solution to help them grow their businesses.

Financio is developed by Asian Business Software Solutions Sdn Bhd (ABSS), a 51%-owned subsidiary of Censof Holdings Bhd. Censof is currently DNeX’s largest shareholder with a 17.53% stake.

ABSS is one of the leading providers of business solutions for small and medium enterprises (SMEs). Its flagship financial management product — MYOB — is widely used by SMEs in Malaysia, Singapore and Hong Kong.

As for DNeX, it provides electronic services solutions. It is also involved in oil and gas, and energy sectors.

Samsul owns substantial stakes in both DNeX and Censof.

DNeX’s share price eased 0.5 sen or 0.85% to 58.5 sen today, with 13.22 million shares done. The company has a market capitalisation of RM1.75 billion

Too bad, someone pressing down closing price of Dnex trying to collect at 0.590. Good to see not many sellers disposing off at 0.585 in the last 10 min before closing. Son very well supported. Once market sentiment improve next week, Dnex likely to rebound strongly. TGIF tomorrow cause friday is dnex day. Cheers.

Dont worry ok..
Just shark eating according to sifu..
This type of shark is not great white shark..just tiger shark..so not that harmful..but beware ok..
Stay put..once sentimental okay ady will rocket up..cheers

Dnex & son traded vol increasing this morning is a pretty good sign, showing buying interest from shark increasing even before coming long weekend. So we can expect Dnex & son to rebound very soon. Hopefully today Dnex can close above 0.59. Shark collecting now. Cheers.

Talk based on fact la dude..
Real funny man..
I shit myself laughing his comment.
Really nigga?
Any nigga bought at 0.585 today?
Dont see apa apa also jilat..see clearly only jilat..

Duh..0.585 its not even a buying price la..only selling at 0.585 . Lowest available buying at 0.590.
What rubbish about shark collect at 0.585.
Really face palm..

Today again looks more like some big sharks are controlling the Dnex & son share prices to collect at 0.585. Tomorrow if market sentiment Ok, Dnex & son likely to move uptrend. Just be patient and have confidence. Cheers.

@kingdavid @newrookie
Yeah bro..itu I like. Buy on dip sell when ppl chase high..not terbalik pulak..
Some ppl here learnt his lesson ady..still trap at 0.650. Sampai ari ari cheerleading kat forum nie..
Bila aku pesan jangan chase high beware bulltrap depa maki aku pulak..haiz..padahal aku tak sebut nama dia..kena gigit pulak..

Its a buy on dip..
Not chase high..
BUY!

Opss...I guess chang's shoes and ass aint gonna get clean by itself..somebody gotta lick it clean..
Guess who?

Later if close at 0.600 chang260 sifu will come out with his analysis of the day for closing ceremony..something like..
Today's trading looks like some big investors with inside news press down Dnex share price to collect before good news being released. Tomorrow Dnex share price likely to go back to 0.60 or above. Cheers to all patient investors.

And then his followers will comment..
thank you chang206 for explaining..I am so confused why the price no up. Ur comment saved my life. I shld bow to you. Now I understand more confident ady.

Become cheerleaders here no use la bro..yang penting realized-kan unrealized profit masuk pocket mulut senyum lebar. Inshallah..

@kingdavid stay put..dont chase high..consolidating period..no one can expect anything..even those cheerleaders here kept shouting up up up I dont think they know anything..u see today..open gap up by half cents..just 10minutes into trading..all shout tp up, good volume, rocket up, son break out mom follow, uptrend no reversal..macam macam bro..

Dont buy now

Dont buy now..it will close down the gap later..the price will drop..beware of bull trap..trade at ur risk

Massive selling at 11am coz last week alot ppl got trapped at 0.610/0.615.

Dont buy now..it will close down the gap later..the price will drop..beware of bull trap..trade at ur risk

I follow chang206 rules. He said 1day green 2days red.

Will close red on monday and tuesday..dont buy now. Can get cheaper at 580/585

@kingdavid.
Just dont buy now. Dont chase high and beware of bull trap..
Alot ppl here cheering n shouting here got trapped at 600 and above. Especially one shout the loudest one at 650. I think he learnt his lesson not to chase high.
Just trade at your own risk.

http://www.theedgemarkets.com/article/lowcost-airlines-shake-market-long-haul-flights

Price will go down after it touch 630 on monday..best sell is 625

http://www.theedgemarkets.com/article/wah-seong-becomes-distributor-south-korean-doosan-group

@monyoong link lai

@chang206

Posted by Chang206
May 25, 2017 04:55 PM | Report Abuse
No too bad, mom closing at 0.60, up 1 sen and son closing at 0.315 up 0.5 sen. As I have mentioned this morning, based on past trading records, Dnex has never closed red for more than 2 consecutive trading days over the past 3-4 months. So today is no exception, closing green as expected as last 2 days closed red. Looks like big sharks are controlling share price to collect today, they may push tomorrow (Friday). Cheers
_________________________________________________
Bro any thoughtful idea on coming week as dnex closed Red for 4 consecutive days last week?
☺

DNEX - Growing Strong
Author: sectoranalyst | Publish date: Thu, 25 May 2017, 04:13 PM

Since our non-rated report with FV of RM0.38/share, DNeX’s share price has appreciated by 60%. That said, we believe it has ample growth opportunities and is still undervalued. Hence, we initiate coverage on DNeX with a BUY recommendation and TP of RM0.70/share based on SOP valuation. We like DNeX for its diversified exposure to government projects, coupled with entrepreneur-driven operations. Its government-linked projects such as the National Single Window (NSW) and Vehicle Entry Permit (VEP) provide stable recurring income whereas its entrepreneur-driven foray into the oil and gas (O&G) segment provides significant earnings growth (FY17/18: 22.8%/22.6%) from a low base.

Core Business

DNeX is primarily involved in two major sectors: 1) IT & e-services, where it deals mainly with government projects and 2) energy, where it has exposure in oil and gas production activities and provides services for oil majors. Note that it only recently expanded into the O&G sector, which provided significant earnings growth in FY16.

Investment Thesis

1. Quality O&G field purchase (Anasuria)

2. Resilient earnings from OGPC

3. Sole local player for umbrella contract for directional drilling

4. Stable earnings from NSW system for Malaysian customs

5. Growth from VEP-RC system along borders

6. High margins from rehiring of illegal foreign workers

7. Net cash position, poised to acquire other assets

Key Risks

1. Dip in crude oil price

2. Non-renewal of exclusive NSW service provider contract

3. Earnings dilution from large amount of warrants.

Forecasts

Our earnings forecasts are premised on the following assumptions:

1. Crude oil price USD53/63/63 per barrel in FY17/18/19

2. USD/MYR rate of RM4.25 in-line with our house view

3. Modest trade facilitation revenue growth in-line with GDP growth

4. VEP-RC for the Thai border capex portion will be awarded to the Group

Valuation

We value DNeX based on SOP valuation where we ascribe 24x CY18 PER for its IT earnings and 11x CY18 PER for its O&G ventures. This is roughly in-line with its peers in the IT sector but implies a 19% premium to its O&G peers. We believe the premium is justified given DNeX’s has diversified exposure in both O&M services and cash flow positive brownfields. Thus, we initiate coverage on DNeX with a BUY recommendation and TP of RM0.70/share

Source: TA Research - 25 May 2017

Sudah mula makan dah ikan bilis..

Alhamdullilah..sok ramadhan dah..

Red is the new black nowadays..suddenly up 4-5 cents then close red for 4-5 days

Ohhhhhhh yeahhhhhhhhhh

If u can tangkap the kick of this stock..u can play shorting as well.

Here it come .575

.575 alot buyer lo .580 resisting..

May hit 0.570/0.575 worse case before 430pm

Inshallah..ini dugaan Allah..alhamdullilah

The rich and richest can control the price by buying back their own stock..for penny stock not hard to all..

Just can wait. I broke ady today..

I queued at 0.585..

Ok ma..slowly got ppl sapu

Not oversold nor overbought..

T4 today..11am and 4pm massive throwing..last fri and mon contra kaki sapu alot

Ready to buy

When crude oil n brent oil price up so much dnex no up pun..now drop in oil prices dnex must gap down ka?

https://klse.i3investor.com/m/blog/taresearch/123589.jsp

Stay put. Oh yess

No la...too much to absorb at .595/.600 after lunch alot throwing..

Not bad at all..hiak hiak..4.30pm sapu until 5pm.