Having that said...having a local and very bumi company partner with credible names like Foxconn, must be viewed as a success on the commencement of this semicon strategic plan. There is no other fab plant in Msia like this. Govt can claim lots of credits for public perception

It's very puzzling why they are not pushing it through quickly

Let's hope the Bank Islam analyst knows what he's talking about

If u see what Zaf said, the 25B is....elusive:

Out of the RM25 billion allocation, RM5 billion is slated for phase one, according to Zafrul. However, he did not disclose further details when queried about the breakdown for the allocations.

"The breakdown of the RM25 billion allocation is anticipated to span five years, with approximately RM5 billion allocated for phase one. If you ask me, across these three phases, I estimate a timeframe of around 10 years," he stated.

Fabrication is in Phase 2 😅

Powerrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr upppppppppppppppppp

The 10M fat 0.55 queue taken out in minutes before 1st session. HUATTTTTTTTTTTTTT

I may be dead wrong...but this kind of movement precedes a huge uptrend.

First round push done, the sky high volume at 52+ could have went either way. In hindsight that should have been an exit for short term traders. Too much resistance they bring it down to flush out more of us before next round, this is what's happening now.

Now it's pretty amazing they have been able to control the share price and volume at almost identical levels for days to come. This is intended to wear out shareholders patience and flush them out.

It does not look like distribution yet. Silly to make it look so weak day day black candlestick if they are enticing buyers, this is enticing sellers instead.

If the stock is weaker they should have pushed it down to 40 and below and scare us off for good. But it looks like they are not doing that because that will cost them much more and we may pick it up cheap. In that scenario we should see a deep V shape move. But it's not happening. So this player is very patiently doing his job maintaining it at newly established support around 45. Won't let it break either way.

Yeah when stock don't move I like to imagine things. Could be dead wrong - like there's impending bad news and this is all just part of distribution. Really doesnt look the case esp w market so bullish.

Meanwhile, happily trading construction counters. No urgency here...when my construction stocks are ripe maybe take profit and park it here 🤣

Here we go. Looks like restructuring is on this month end

Ekovest looks good on technical grounds. Let's see if this time it's for real

My broker who often has a lot of unverified news has it that the contract value is at least 1.5B. But no one is able to say whether it's DNEX, Theta, or another entity. Black horse developing, maybe both DNEX Theta fails to get NIISE

What project what news? Pls share. Market like this i scared - so I buy first ask questions later lol reentered AQRS w love 😍

Sold way too early at 3.89 😅 Was hoping to trade it. Looks like no chance now going up

@Contrarian, time to revisit Insas? This time real deal or go back 1.06

I think the price is already saying the deal with go through. Just that in a bullish market upside is so limited for the time taken. Buy Sunway Gamuda, sell and come back already lol

Astro and BAT WERE my favourite counters...count my lucky stars I didn't persevere 😂 By now I think few retailers would have gotten burnt la, all sold already

How is BAuto doing so well? Amazing. No threats from Tesla and Proton EV?

As more newsflow come in UEMS should remian the market leader for Johor play. Cheap cheap

Issuing more bonus warrants while being one of the largest if not the largest counter in terms of share counts, if you include WC and WD lol

But this should be it. No goreng before warrants issued. Easy goreng free money to substantial shareholders after getting more free warrants

Why goreng now when you can goreng the free warrants for free later on right

DNEX remains very strong w Govt jobs. Don't forget how they got Silterra. They still hold the exclusive rights on the national single window trade facilitation. And your favourite chairman is always sighted next to Anwar or Zafrul. Semicon plan, remember when Zafrul asked industry for advice, it's your chairman next to Zaf, not Inari lol

Therein lies the problem. Despite the super bullishness across industries - construction, DC, Johor, etc etc has the federal Govt awarded even 1 sizeable contract since Anwar started talking? I think not. He has been instrumental in driving interest and bringing in foreign investments u gotto give him that. But if DNEX is relying on federal funds oops

All of DNEX's businesses now capital intensive

Silterra has sucked up so much cashflow for capital investment. To be fair, they did a good job keeping the fab running and revenue rising. Cashflow is strong. Look at it, it's not a co in distress, very healthy cashsflow. The cost is of coz low margins and net net actually negative margins

Oilfield they have raised funds through the last placement. This may not be enough. They need more deals before a spin-off.

Even tech services, NIISE will require a sizeable capital outlay. That's still why it is more credible than Theta. Theta has something like 20M or so cash only last quarter. Scary if they get NIISE save for more funds raising

So DNEX really needs more cash despite more cashflow. Best to start planning for it now. Go issue a 1 for 3 warrants X and give it to us. We exercise the warrants 3 years later give you 1B cash DNEX

Very interesting counter. Push up, announce more deals, placement, raise funds, share split, goreng

Lots of stories nothing have materialised. While waiting...market is damn bullish, go pick up some other counters and trade our ways to riches 😆

There are countless other MOUs. Got Arabian, got Korean. DNEX not shy to claim King of MOU title 🤣 Market talk is several large scale tenders were made for overseas smart city as well, so not solely reliant on NIISE

Labour win should hit Hibiscus more than DNEX. DNEX's saving grace, next year Msia's late stage oil fields start pumping. It's still a concern, as DNEX's bottomline for the past 1.5-2 years have been heavily reliant on Oil instead of tech gosh.

CGP Silterra by now should be a non-issue. Can hope there's some goreng once there's resolution. But from the beginning it wasn't that big of an issue. The idea is Silterra is sooo valuable both parties want control and it's ultimately between 45 or 55% ownership. No one seriously thought MITI will revoke Silterra's license either way. The problem is Silterra has been bleeding ever since. There has been various statements made on RM600M being invested into Silterra's expansion and apparently work done. However details scarce - we can't see from financial statements when or how it's made, and cannot see the apportionment between CGP and DNEX on said investment made

29th May 2023, announcement was made to extend the MOU w Foxconn by a year to 16th May 2024. Since then no announcement of further extension. Last it made the news was in Oct'23 where DNEX said proposal to govt made. That's...10 months ago news and 12 months ago they would have made the proposal, and it has been 2 years without progress? 😂

Reading what Zafrul said about the semi-con plan, Foxconn plant looks difficult. He's saying fab plants will come in Phase 3 or 4, and we haven't even started Phase 1...

You're right, that 0.45 is holding is still good and trading side ways until something comes. Unfortunately side ways looks like the best case until so, what if it's being pushed down once more before an ultimate rise. Are we buyers or sellers then at 40 😅

Sslee's bintang beer and lobster on liao 😆

Go up or go down we can still make money...but go down make it much more difficult. This bull market, give chance keep climbing up like the other counters then easy money easy life la brothers

Tsk today's rebound a bit underwhelming. Hope this is a real reversal back to uptrend

Hope everyone including Syed Zainal Abidin makes loads of money ya 😆

Nola FAInvestor it won't happen. What u suggest unheard of. This is a tender, there were 10 or so bids narrowed down to 2. These 2 have such different proposals and never said they want to work together. Govt force private entities to form a JV this way, unheard of. And even iffffff they wanna do it this way, fresh tender has to be called in. Then MYEG and others can come back to form new JVs to tender

Or if they no grant no money, they can do rights issue or another placement. If they are raising capital for this reason they will need an EGM and 1) market will view it favourably 2) they will push up share price for placement, just like how they did Silterra acquisition

@anson938 Gotttt...DNEX waiting for Govt grant to proceed w Foxconn plant, that should be greatest news

It'll be cute if now they play down theta then market rush to buy DNEX 😂

Nola don't take me seriously just speculating based on govt award so far in PMX's time which is nothing. Has this govt even awarded 1 big contract yet in any area

I think both Dnex and Theta will not get the Niise contract

Well done hello kitty i love your flexibility!!!

Okla to be honest touch my heart, I probably couldn't do it. If it sell down to 42, even though it may be objectively a good idea to sell first, I will probably fail to pull the trigger. Cut loss always so hard haihz

kuningNo1 I am very flexible 1...if at 50 it looks like it's going up, maybe I buy more. If at 42 it looks like its going down, I will have no loyalty and cabut 😂😂😂

Ok took 500k shares at 45, replenish sold shares. Operator dont marah marah push back down ya 😂

Bro, 630k I have and don't mind clearing it at 45. I can do it now click click. But what if after clearing it they queue another 10m shares at every bid then push it down back to 43 😂 so it's not 630k. 6.3M maybe can move it a bit, but if operators marah push it down 6.3m also disappear easily

kuningNo1

45 sen big road block🐘🐘🐘. Need rn630k+ to clear it.

anson938 you scare me with your constant reminder of cup and handle formation even tho that's clearly not your intention. Can share your insight? I can only see bottom of cup on top the way you put it, that's an inverted cup 🤣

Actually, if we study Theta...we can't fathom how Theta could get NIISE over DNEX.

It is easier to believe that Govt cancel plans, or that Edge reported wrong both DNEX and Theta out...than to believe that Theta is the best candidate among all to do this project

Theta is almost like DNEX's junior in every way. CEO was DNEX's staff for 2 decades...major shareholder is DNEX's shareholder...in everyway, DNEX is more credible to public eyes, and politically that's what matters...

I say, maybe NIISE internalised like what they doing to MYEG 😂

Back to NIISE looking at Theta. If they really know, why are they sooooo patient. Still no limit up. If NIISE is at least $1B, Theta should go triple limit up. Sky is the limit - it's not only the contract value but the strength of the cable etc signifiying the lady CEO's vision is real.

Now it's still going slow-mo.

So is this pump and dump before announcement, or is this real...the coming weeks will tell hopefully. Damn curious. As to end Jun award...I am not holding my breath. This govt, even luxury tax can't implement ahhhhhhh delay is thier game

About silterra story, if the share price tells the story - the market has actually decided that win/lose, Silterra is still worth a ton. That is until silterra starts to bleed, and the sell-off began. So marekt actually dont care that much about cgp case. BUT if there's a positive resolve, of coz there would be a knee-jerk rebound (and vice versa).

I am confused too - because as the arbitration drags on these 2 years, I think they have poured in another 600M cash into silterra. Where did they money come from, and how did they divide their portion of investments pending resolution?

We still can't rule out just yet that this is a bear trap preceding a huge rise in the coming weeks

DNEX moves like shit most of the time until recently. When it was like shit don't forget it was hovering at 40c for a very very long time. Then it broke down to around 32c. In hindsight it was clear that 10% or so drop that day was to push it down for the subsequent accumulation, placement and then the recent push.

So now where are we?

Fundamentally and technically, it looks like 40c is very3 strong. A lot of the "stories" have dragged on far too long and this is about time.

However...if all of the stories go wrong - 1) govt shutdown silterra cos cgp win the cases lol 2) foxconn abort deal cos dnex drag cos zafrul hates dnex 3) oil turn out to be a hox, then surely even 32c shouldn't hold

If this is the end of the uptrend, then they are only throwing whats left. They have already thrown the bulk of it on 12/6 looking at the sky high volume

Disagree ken2004...by right even if DNEX gets NIISE, any surge like 20-30% we should sell, if we don't believe in the other "stories". NIISE a bit small for DNEX, hugeeee for Theta

Can't write off Silterra just yet. U saw how much they have continued to invest in Silterra. Cold hard cash man

Another point to say it isnt really NIISE related, recall that when Edge first reported the 3 of them were in the run, DNEX and Theta are quite close to current price. It has just went back to this. After Heitech out, both DNEX and Theta ran a bit higher. Then followed by days of DNEX climbing beautifully while Theta died. Alas, no easy money just yet, DNEX's short-term uptrend broke

Yes buying otw down is very dangerous, we all kena before. Only in very rare cases those kena lock for eternity finally get super profit. Imagine how long YTL shareholders suffered from early days, then till today wow