There must be some good news on the way, otherwise won't rebound so strongly.

Very good show. Today may signal the beginning of a new wave for Dnex & son.

Sellers for son at 0.22 all gone, very good sign.

Very strong resistance for son at 0.22. Not sure whether sharks can break the resistance this afternoon.

Show time coming liao.

Next show time going to start anytime from now.

Based on past trading patterns, big sharks may push up Dnex & son again after 4.00 pm.

Good opening this afternoon. Expected to close above 0.40 today.

Likely to have another push in the afternoon probably after 4.00 pm. Before 4.00 pm, there may be some profit taking and T4 force selling. Hibiscus still falling today. So you can see the difference between Dnex and Hibiscus. Dnex has much better fundamental and growth potential.

Dnex is no more a GLC. When it was still called Time Engineering, it was a GLC controlled by Khazanah and protected by the Government. Khazanah has disposed of its sharse in Time Engineering, I think to Censof in 2013 and later renamed as Dnex. This was confirmed by MD in his interview with BFM. So now Censof is the biggest share holder of Dnex. The MD has substantial share in Dnex and Censof and so he is indirectly controlling Dnex now. Even though no more a GLC, the management (MD) of Dnex still has good relationship with the Government. That is why Dnex still get get some Government and Petronas Projects.

Crude oil price quite stable now. Good for Dnex. Expect another push for Dnex & son later in the day before closing.

Ya, I am wrong. Jayalbert, you make a good move.

Game for Dnex & son not over yet, sharks coming back. Hahaha..

Son not likely to go up today. Many sellers waiting to dispose of son at 0.20.

Anyone can confirm whether Ping oil is traded as Brent oil or WTI crude oil. Brent oil is currently traded at above USD 51, about 3 USD higher than WTI oil price. From what I have read, Crude oil produced in the North Sea are normally Brent oil.

Crude oil price stabilized yesterday. Should expect better performance for Dnex & son today.

Both Brent oil and crude oil WTI prices are recovering from early trade losses today. Expect oil prices to stabilize with positive closing today. Once oil price has reversed trend, we should see a rebound for Dnex & son. Hope for the best, cheers.

Another bad day for Dnex & son. Look like crude oil price is rebounding slowly today. Expect a better performance for Dnex & son tomorrow.

Sellers for Dnex at 0.39 all gone.

Everyday also T4. Last Tuesday (T+0), vol not so high. So expect less force selling today.

For those interested can listen to BFM interview with the MD of Dnex in Dec 2015 to know more about the MD.

The MD Zainal Abidin basically has delivered what he said during the interview. Further to that, they catches the right timing when invested in PING, the cost per barrel is only USD2 compare to current price USD50+ per barrel.

http://www.bfm.my/bg-zainal-abidin-dnex-new-year-new-ambitions.html

Dnex management (MD) so far so good, have fulfilled what he has aimed for the company. In early 2016 the MD of Dnex expect revenue in 2016 to double that of 2015 and profit to go up more than double in 2016. If you check the company results of 2015 and 2016, all his targets have achieved.

Dnex Management did mention before company expects an annual contribution of about RM 18m from Ping, based on crude oil price assumption of mid-USD 40s per barrel. So at current oil price (Brent oil at USD 51.3) oil business of Dnex still profitable. Don't have to worry about impairment for next quarter. With so many new IT contracts awarded early this year and bear in mind that Jan & Feb crude oil prices still good, we can expect next QR of Dnex to be good if not fantastic like last QR.

pang123, good view, agree with what you have said. For me I'll set 3 targets for Dnex this year, small target at 0.50, mid target at 0.60, and big target at 0.80.

Expect weak opening for Dnex & son on Monday in view of further drop in crude oil price last Friday. However, there may be a rebound later in the day as whole market expected to be bullish. Also based on Trading data compiled by Baharuddin, if my interpretation is correct, we should expected less selling pressure from force selling on Monday (on T4) compare with last 2 trading days as traded vol on 7/3 (Tues) is much smaller than the traded vol on 6/3 (Mon) and 3/3 (Fri).

Traderman, are you sure even all i3 members sell all Dnex shares also cannot bring down dnex price for even 1 bit? You are talking nonsense and underestimating all i3 investors.

Traderman is not worry about crude oil price, I guess he is more worry about Dnex share price not coming down as he want to collect cheap cheap. FYI, Ping oil produced in the North Sea is of better quality and traded as Brent oil, still traded at about USD 50.3 on Friday. Dnex Management did mention before company expects an annual contribution of about RM 18m from Ping, based on crude oil price assumption of mid-USD 40s per barrel. So at current oil price, oil business of Dnex still highly profitable. So next QR we can expect it to be at least good if not fantastic like last QR,

Ping Crude Oil produced in the North Sea region I guess must be of Brent Oil type which is traded at higher (~ USD 3) price than the West Texas Intermediate (WTI) US crude oil. Currently the Brent Oil still traded at about USD 51.3 per Barrel.If this is the case, then oil business still very profitable to Dnex.

Reference website -- Brent vs. WTI
http://commodityhq.com/education/crude-oil-guide-brent-vs-wti-whats-the-difference/

Ultrainvestor, the news that highlighted the core businesses of Dnex was published on 17 Feb (Friday). Dnex share price closed at 0.335 on 17 Feb. The next trading day on 20 Feb (Mon), share price went up, closing at 0.375. With the crude oil price dropping sharply, Dnex share price may drop back to 0.375 or even lower, so you still have a good chance of buying cheap if you are interested. I think Dnex is a good share to buy and keep because of its good growth potential. Expect the next QR due in May to be good.

Mando, Khazanah doesn't own any Dnex shares right? Why you say Dnex is a GLC?

The next Q (ending 31 Mar) results probably not affected much by drop in oil price in March. At least the 1st 2 months' oil price still good. Moreover Dnex had secured some new contracts in Jan which will bring in more revenue to compensate for the decrease in revenue from oil business. So bearing any unforeseen circumstances, we can still expect the next QR due end of May to be good if not fantastic. Hope for the best. Cheers.

Brent oil price closing at USD 51.30, down 0.89 (1.71%) on Friday (10/3). Ping oil from North Sea probably deal in Brent oil.
Next Monday, we can expect less selling pressure from force selling (on T4) compare with last 2 days (Thurs & Fri) as total vol traded on Tues (7/3) is much smaller than the total vol on 3/3 (Fri) and 6/3 (Mon).

Ishak, does the trading statistic suggests we can expect relatively less force selling on Monday compare with these 2 days (Thur & Fri) because the vol on T+3 (49,358,100) is much smaller compare with +1 (213,564,400) & +2 (95,589,600).

greatful, you make a right move. Welcome you to join us on board. When the crude oil price rebounded, it will be smooth sailing for Dnex n son to wonderland.

Traderman said game over for Dnex. Based on your winning rule, then you should buy as game not over yet. Hahaha....Good luck.

pang72, you have forgotten your winning rule meh. The best person to ask is Prof Trump. When he asks to run/sell, then that is the right time to buy.

Dnex price going down I guess mainly due to sharp drop in oil price over the past 2 days and also partly influenced by sharp fall in Hibiscus share price. Wd is still holding quite well, closing flat at 0.21. Drop in oil price is just temporary. Anyway oil price is rebounding slowly currently trading at USD 49.75, up 0.47 ( 0.95%) and expected to go back to USD 50 soon. Once the oil rebounded, Dnext share price likely to rebound too.

Some big sellers keep dumping out WD at 0.21.

Sellers at 0.21 for son all gone

Last call to buy WD at 0.205.

Sellers at 0.205 for son all gone. Show time coming.

Buying interest for both Dnex & son increasing, show time on the way.

Sellers at 0.395 all gone.

No worry, show time will come after 11 am. Before 11 am more selling pressure from contra players.

Today Dnex's vol is higher than son's vol, its unusual. Expect son to rebound later after 11 am, follows by mother. Good luck.

No need to sell at 0.81, buy now at 0.40 and sell later at 0.60 also very good ma... 50% profit. If Dnex goes to 0.60, WD will goes above 0.35. Good luck. Cheers.

Those who are pessimistic and always asking people to sell, run or exit actually know Dnex is fundamentally sound with good potential. They just want the share price to come down so that they can collect cheap. Don't have to worry if you prepare to keep. You will be reward one day.

Ultramen, fully agree with you. There is no fundamental change in Dnex. Oil price drop is just temporary, it will rebound any time. Nothing to worry.

The main concern is crude oil price. Currently still trading at USD 49.37 per barrel, down USD 0.91 (1.81%). Hope it bounds back to USD 50.

maol, you want to wait for WD to drop back to 5-6 cents, then you slowly slowly wait lo....The day will come when market collapse.