What is keeping the price @RM0.75-RM0.78 at this level? Quarterly report?

It does not matter whether clever or smart. We are here to make money. Stay cool. Happy & Blessed Mid Autumn Festival for those who celebrate. Good day.

Rebounce strongly.

jk20598, you have a valid point.

Very interesting time. The market downs by 8-10 points and yet very strong buying support.

Furthermore the total oil sold for April-June was 254,945 bbl - That is higher than the production of 126,180 bbl (53% average uptime). In another words, the sales for July - Sept is projected to be affected. Please fill me in if there is a mistake in assumption. Thanks

Based on Hibiscus quarterly report on Anasuria Cluster, my best estimated is RM9 million PBT. Please assist me if I am wrong. Thank you.

Anyone know when the quarterly report will be released?

jlex11, Thanks

jlex11, please share your estimated RM25M PBT for the quarter from April-June. Thanks

rr88, you are day trader, are you?

rr88, please sell to me @RM0.625

Trevor777, I will be extremely pleased if the quarterly (30/6) is about RM25M. I have read through again the quarterly report (31/3), and it does not give confident for the quarter (30/6) to achieve RM25M. I would not complain at all for any PBT RM20M. Thanks

jlex11, don't be disappointed if your expectation of quarterly result ending 30/6/2021, of RM25M does not come true. Bearing in mind, the appeal of the financial penalty of RM10.302 million by MyCC is still up in the air.

Beginner123456, too many people waiting to top up @RM0.7. I believe the operator is collecting on behalf of many institutions. May need to revise upward @RM0.73 to top up.

I have been waiting to top up @RM0.7 since early August 2021.

You can also find double bottom if you want to find. Ha.......

Retailers here can choose to sell or buy with their own intelligent analysis because it is their responsibility for their money. Sad that some of them do not hold any shares and shouted the loudest to........

Gerald Lam, thank you for your continuous facts sharing about the new development of Silterra. Appreciate it !!!

nicholas99, why run? Opportunity to top up more. Every ringgit you put in now, you will surely be rewarded with good return towards your retirement fund.

flash77, you are lucky if you can buy @RM0.7

Trevor777, thanks for your clarification.

Trevor777, I just want to clarify whether Ping is holding 50% of Anasuria and DNeX used to hold 30% before acquisition of additional 60% in Ping.

No announcement yet on QR. Ha... The management is likely has been discussing with the finance department, whether to take up expenses incurred for the acquisition of 60% Ping and 60% Silterra or ....... May be many institutions have been approaching the management to give them chance to acquire shares in the market. This QR will be the only QR that the management can adjust to provide lower profit by taking up more expenses. In another words, the next QR result will be further increased in profit. Whatever the outcome of this coming QR, DNeX is on the way to become a blue chip counter in Bursa.

The selling pressure is building for consolidation if the management is trying to write off any debts and to take up expenses that have been incurred due to the acquisitions of 60% Ping and 60% Silterra. Whatever the decision, the future of DNeX is still as bright if not brighter.

It is also true that DNeX is heavy but solid now. The price will move as it should be steadily upward with profitability in sight.

It will be too late when the newly acquisitions contribute handsomely in the next 2 quarters and beyond.

Everyone is waiting for QR result. The penny stock will push the price up before QR. DNeX is no longer a penny stock. If the QR is not as good as expected, then minor correction may happen and it will present an opportunity for those who is confident of DNeX's bright future to top up more. I am waiting to buy more @ RM0.7

The profit for the additional 60% in Ping will not be realised for the last QR to be announced soon. It is also wrong to look at the PER based on the current NOSH. But most short term retailers look at what is presented in the QR but based on the current NOSH. I am waiting to buy more if there is a sales after the release of the QR soon.

Please get ready to buy if there is any unexpected sales from those short term retailers.

If DNeX is a "goreng" counter, the last 2 days should present a good opportunity for " sharks" to push up and sell. Unfortunately for those short term retailers, DNeX is no longer the DNeX that we used to classify it under " penny stock".

Low trading vol this morning, indicating waiting for QR announcement. Price's direction depends on QR's expectation of most short term retailers because institutions waits for longer term.

Don't worry about the short term. If the next QR may not be as good as some expected, the following QR should start to get much better. The institutions are waiting to buy more at lower price.

So please tell us the QR since you may be one of the Shark.

I think the expectation of "good" QR could be too high for some impatient retail investors. The selling pressure may surface for the institutions to acquire or to absorb the selling pressure if there is any.

I can support too if vol is not huge.

rr88, institutions are lining up to buy whoever listens to your advice.

Baby Shark, RM0.79? or RM0.95. Ha......

Stay Up, you can afford to move to higher condo soon.

US car makers hit by Malaysian chip shortage
Bloomberg -August 24, 2021 10:15 AM

Infineon Technologies AG has a US$1 billion facility in Kulim, Kedah.
KUALA LUMPUR: The number of Covid-19 infections in Malaysia is threatening to aggravate shortages of semiconductors and other components that have hammered automakers for months.

Malaysia has not historically had the kind of importance to technology supply chains that Taiwan, South Korea or Japan do. But in recent years, it emerged as a major centre for chip testing and packaging, with Infineon Technologies AG, NXP Semiconductors NV and STMicroelectronics NV among the key suppliers operating plants there.

Now Covid-19 infections are soaring in the country, jeopardising plans to lift lockdowns and restore full production capacity. The seven-day average for reported daily infections has pushed past 20,000, up from just over 5,000 in late June, although the number of reported infections dropped to 17,672 on Aug 23.

Ford Motor Co said last week it would temporarily suspend production of its popular F-150 pickup truck at one US plant because of “a semiconductor-related part shortage as a result of the Covid-19 pandemic in Malaysia”.

Malaysian authorities are racing to address the outbreak and has granted exemptions to certain manufacturers in an effort to keep the economy on track. Companies were allowed to keep operating with 60% of their workforces during the June lockdown and they will be able to move back to 100% when more than 80% of their workers are fully vaccinated.

But the situation on the ground remains volatile. Factories have to shut down completely for as long as two weeks for sanitation if more than three workers contract Covid-19 under unofficial guidelines. The Delta variant is proving particularly infectious and difficult to stop.

“This could be very disruptive for Infineon and other companies that have plants with a few thousand workers,” said Samuel Tan, a semiconductor analyst with Kenanga Investment Bank Bhd in Kuala Lumpur.

Local firms are reporting such closures through exchange filings. STMicroelectronics and Infineon, both key auto suppliers, had to close facilities.

The situation could aggravate semiconductor shortages, already at crisis levels. Chip lead times, the gap between ordering a semiconductor and taking delivery, increased by more than eight days to 20.2 weeks in July from the previous month, according to research by Susquehanna Financial Group. That gap was already the longest wait time since the firm began tracking the data in 2017.

Automakers have lost sales after a series of unexpected blows in the past year, including a cold snap in Texas that hobbled factories there and a fire in Japan at a critical auto chip plant.

Toyota Motor Corp said last week it would suspend production at 14 plants because suppliers, particularly in Southeast Asia, have been hit by new Covid-19 infections and lockdowns. It has partners clustered in Thailand, Vietnam and Malaysia. Thailand and Vietnam are also seeing sharp increases in reported infections, as the Delta variant spreads.

Malaysia’s position as a prime base for testing and packaging chips is critical because those are the last steps of semiconductor production. Electronics and electrical products account for 39% of the country’s total exports, according to data from the trade and industry ministry.

“Malaysia is a key player in the global semiconductor trade,” Wong Siew Hai, president of the Malaysia Semiconductor Industry Association, said in an interview. “Thus, any disruption anywhere along the supply chain will have knock-on effects elsewhere in the ecosystem.”

Vaccinations are critical to ensuring the country can play its part in the technology supply chain, he said. About 57% of the total population have received at least one dose, according to the health ministry.

The government has plowed ahead with its battle against the outbreak through a transition in prime minister. Officials are working with large companies to prioritise the vaccination of entire staffs as soon as possible. And because this is the third major lockdown in Malaysia, companies in the country are maintaining certain emergency inventory to cushion the impact of factory shutdowns, Tan said.

Still, Infineon said in an earnings call in August that manufacturing bottlenecks in Malaysia are likely to continue to weigh on sales in the current quarter. Chief executive officer Reinhard Ploss told analysts the total impact from the shutdown was in the “high double-digit” millions of euros, though the company expects that the plant in Malaysia should be running at normal capacity later this month.

STMicroelectronics recently suspended its assembly plant in Muar due to the pandemic, and resumed operations after 11 days, CEO Jean-Marc Chery said in an earnings call in late July. The incident will d

Based on Gerard Lam's projection of profit after tax of RM150 - 200 million, then projected PER should be projected to 11.6 to 15 @RM0.75

Additional RM300 million for debottleneck capacity can be done anytime with DNeX internal fund and CGP's contribution to ramp up the production to the maximum for maximum return. The long-term of RM10.5 billion to set up a 12-inch fab could only be carried out only if the initial plans are effectively executed to generate enough profit to sustain the RM10.5 billion expansion through borrowing from within Malaysia ( banks, PP or rights) or borrowing through CGP's financial institution. It could be done either directly from Siltera or through DNeX - CGP. My 2 cents opinion.

pradeep, only if the assumption of RM150 million net profit annually can be achieved, the PER should be 11.4 @RM0.745

Not only DNeX will be affected by unforeseen circumstances such as certain change of government or PM. The long term prospect of DNeX is still intact. It depends very much whether you are a short term, mid term or long term investor or day trader. All has their own strategy. The main purpose is to get return. Be happy on what you decide what to do with your money.

willieyong, good luck. Hope you are looking to buy more. Not at RM0.7 but about RM0.8+-

Baby Shark, unless you are a day trader, you could check only every now and then. If you are anxious, don't look at it for 3 months. You will give yourself a big surprise. Hopefully not RM0.3 like some people who are waiting for it at RM0.3. Ha...............

Baby Shark, you have to look at the positive side of the WD conversion exercise. Fund raised for acquisition of Silterra and to raise Ping shareholding to 90% are all positive. PP is only needed if additional funded is needed. The 97% WD conversion is a huge confident boost.

Do you have news on Ping taking over the 50% of Anasuria Cluster from Hibiscus ? Is it just a rumour?

I am positive on the uptrend. You will know it by friday.

BstRspnsNnF, wow, you are expert in investing in Call Warrant. I don't dare. You are good.