ce0808

ce0808 | Joined since 2016-08-24

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Stock

2016-10-10 21:19 | Report Abuse

The data not so up to date from Hong Leong research, now Censof is only holding around 20% of Dnex

Stock

2016-10-10 21:11 | Report Abuse

Hong Leong research only give 2.3 & 3.3 EPS for 2016 & 2017, so conservative!

Stock

2016-10-10 21:01 | Report Abuse

http://epaper.sinchew.my/s//ka1mw' target='_blank'>http://epaper.sinchew.my/s//ka1mw

Read Sinchew E-Paper Online :
http://epaper.sinchew.my
Download the Sin Chew iOS & Android App :
http://epaper.sinchew.my/sinchewepaper/webapp/app-download/index.html

Stock

2016-10-10 16:31 | Report Abuse

caven101, thanks for waking it up :D

Stock

2016-10-08 10:56 | Report Abuse

should be able to break new history high in Nov/Dec

Stock

2016-10-08 09:15 | Report Abuse

Hevea could be the leader on next run of export counters :D

Stock

2016-10-08 09:09 | Report Abuse

Feimah, I also think like that. Cimb always can get the latest results & news from hevea management..

Stock

2016-10-06 17:04 | Report Abuse

now Wb has no more premium

Stock

2016-10-06 16:20 | Report Abuse

no chance to buy above 1.27, bocs there's multi-million sellers at 1.27 !!

Stock

2016-10-06 14:55 | Report Abuse

Shark is eating small fishes..

Stock

2016-10-06 14:01 | Report Abuse

Mplus stock pick for today, TP 1.50 :p

Potential Momentum Stocks - 6 Oct 16
Stock Name: HEVEA (5095)
Entry: Buy above RM1.27
Target: RM1.35 (6.3%), RM1.50 (18.1%)
Stop: RM1.20 (-5.5%)
Shariah: Yes
Technical: Potential sideways breakout

Stock

2016-10-06 13:59 | Report Abuse

Knownfact, thanks for the reply, let's wait for coming QR on Nov :)

Stock

2016-10-06 12:11 | Report Abuse

Knownfact, are you referred to higher USD as at 30/09?
If not mistaken the quarter result is base on last day's forex rate, correct me if i'm wrong ;)

Stock

2016-10-04 15:14 | Report Abuse

one day up 1 cent ?

Stock

2016-10-04 14:41 | Report Abuse

reasonable price should be 1/3 cheaper than mother, like Censof 0.27 / Wb 0.09

Stock

2016-09-30 15:22 | Report Abuse

Taugeh, as I've observed they are always shortage of CASH.
If one day the company bank account have plenty of cash that earned from business then only I will believe the value of this company ;)

Stock

2016-09-30 15:14 | Report Abuse

bruce, harap ibu boleh tahan :D

Stock

2016-09-30 15:05 | Report Abuse

If Dnex can stands at 0.30 the WD should be 0.10 :)

Stock

2016-09-30 10:40 | Report Abuse

Sooner or later Censof shall catch up with Dnex..

Stock

2016-09-30 10:37 | Report Abuse

KUALA LUMPUR: CIMB Equities Research has initiated coverage of information technology (IT) company Dagang Nexchange Bhd (formerly Time Engineering Bhd) which is moving into the oil and gas (O&G) sector.
It said on Friday DNeX does not have any direct competitors, given its unique exposure in the IT and O&G sectors.



“However, we see My EG, Prestariang and Datasonic as proxies for the local IT sector. We deem KNM, Wah Seong and Uzma comparable peers in the oil and gas space. Its FY17F P/E (based on Bloomberg consensus) is at a deep 66%-75% discount to IT providers and 28%-48% discount to (O&G) players,” it said.

To recap, DNeX is the single exclusive operator of the National Single Window (NSW) platform, providing trade facilitation services to the Customs Department for over 25 years.

The company was awarded an RM45mil contract to install the first phase of the Vehicle Entry Program (VEP) at the Malaysia-Singapore border in Johor this year.

The government plans to implement the VEP project at the other 12 road entry points in Malaysia in stages. The second phase will cover Malaysia’s border with Thailand and the third phase, the Malaysian borders with Brunei and Indonesia. There is also potential for a recurring annual maintenance contract with regards to the VEP system.


NSW services contributed the bulk of its earnings in FY12-15. In September 2016, the government awarded DNeX a two-year extension on its contract as the exclusive operator of NSW.

CIMB Research said DNeX has embarked on a new O&G venture, after completing the acquisition of OGPC for RM170mil in 3Q16.

OGPC reported average annual net profit of RM20mil in 2012-2015. DNeX was the only local service provider awarded a 3-year drilling and services contract by Petronas Carigali in 2Q16.

DNeX hired a new management team in 2014, led by managing director Zainal Abidin Jalil, who has many years’ experience in the upstream O&G industry and power generation utilities.

DNeX invested US$10mil (RM40mil) to acquire a 30% stake in Ping Petroleum (Ping), an independent upstream service provider with a 50% stake in the producing Anasuria cluster, North Sea.

“The investment amount implies a low entry cost of below US$2 per barrel (historical average for comparable transactions). Management expects annual associate profit contribution of RM18m, based on mid-US$40s per barrel crude oil price.

“Based on Bloomberg consensus estimates, DNeX trades at forward FY17F P/E of 6 times, more than 0.5 standard deviation below its historical mean of 10 times. Consensus expects strong earnings delivery in FY16-17F, which implies a staggering FY15-17F net profit CAGR of 88%.

“This is likely based on management’s guidance of RM70mil to RM80mil net profit in FY17F, driven by strong earnings from O&G and VEP projects,” it said.

Stock

2016-09-30 10:37 | Report Abuse

KUALA LUMPUR: CIMB Equities Research has initiated coverage of information technology (IT) company Dagang Nexchange Bhd (formerly Time Engineering Bhd) which is moving into the oil and gas (O&G) sector.
It said on Friday DNeX does not have any direct competitors, given its unique exposure in the IT and O&G sectors.



“However, we see My EG, Prestariang and Datasonic as proxies for the local IT sector. We deem KNM, Wah Seong and Uzma comparable peers in the oil and gas space. Its FY17F P/E (based on Bloomberg consensus) is at a deep 66%-75% discount to IT providers and 28%-48% discount to (O&G) players,” it said.

To recap, DNeX is the single exclusive operator of the National Single Window (NSW) platform, providing trade facilitation services to the Customs Department for over 25 years.

The company was awarded an RM45mil contract to install the first phase of the Vehicle Entry Program (VEP) at the Malaysia-Singapore border in Johor this year.

The government plans to implement the VEP project at the other 12 road entry points in Malaysia in stages. The second phase will cover Malaysia’s border with Thailand and the third phase, the Malaysian borders with Brunei and Indonesia. There is also potential for a recurring annual maintenance contract with regards to the VEP system.


NSW services contributed the bulk of its earnings in FY12-15. In September 2016, the government awarded DNeX a two-year extension on its contract as the exclusive operator of NSW.

CIMB Research said DNeX has embarked on a new O&G venture, after completing the acquisition of OGPC for RM170mil in 3Q16.

OGPC reported average annual net profit of RM20mil in 2012-2015. DNeX was the only local service provider awarded a 3-year drilling and services contract by Petronas Carigali in 2Q16.

DNeX hired a new management team in 2014, led by managing director Zainal Abidin Jalil, who has many years’ experience in the upstream O&G industry and power generation utilities.

DNeX invested US$10mil (RM40mil) to acquire a 30% stake in Ping Petroleum (Ping), an independent upstream service provider with a 50% stake in the producing Anasuria cluster, North Sea.

“The investment amount implies a low entry cost of below US$2 per barrel (historical average for comparable transactions). Management expects annual associate profit contribution of RM18m, based on mid-US$40s per barrel crude oil price.

“Based on Bloomberg consensus estimates, DNeX trades at forward FY17F P/E of 6 times, more than 0.5 standard deviation below its historical mean of 10 times. Consensus expects strong earnings delivery in FY16-17F, which implies a staggering FY15-17F net profit CAGR of 88%.

“This is likely based on management’s guidance of RM70mil to RM80mil net profit in FY17F, driven by strong earnings from O&G and VEP projects,” it said.

Stock

2016-09-29 17:49 | Report Abuse

good for censof if dnex can stands above 0.30

Stock

2016-09-29 15:54 | Report Abuse

now reached 0.30 !
Any good news coming ?

Stock

2016-09-22 14:05 | Report Abuse

Agreed with Taugeh ;)

Stock

2016-09-22 10:45 | Report Abuse

hmm.. will not dare to hold it for mid-long term
what a bad management!

Stock

2016-09-22 09:53 | Report Abuse

Andrew, lets hope will be true!

Stock

2016-09-21 23:50 | Report Abuse

Wow Andrew TP 3.02-3.20 !!

Stock

2016-09-21 23:48 | Report Abuse

It's a terrible mistake, and there's another 6.7m debt yet to collect as the management mentioned will be settled by end of this year ..

Stock

2016-09-21 23:41 | Report Abuse

Taugeh, thanks for the info!

Errr..Mismatch in the value recorded of 14.6m? Someone must be fired!

Stock

2016-09-21 12:36 | Report Abuse

accumulating at 0.255..

Stock

2016-09-20 21:15 | Report Abuse

samyew1234 friend told more VEP contracts to be announced soon, up to 5 contracts, not sure true or not

Stock

2016-09-20 17:26 | Report Abuse

hmm..seems like no surprise for this AGM..

Stock

2016-09-20 12:36 | Report Abuse

Just noticed today is censof's AGM, anyone attended?

Stock

2016-09-20 12:14 | Report Abuse

I see, how was thier reply on the impairment loss?

Stock

2016-09-19 22:59 | Report Abuse

Taugeh, I also wrote a letter to query about the impairment loss on last QR, no reply too..

Stock

2016-09-19 22:22 | Report Abuse

Not sure whether it's dirty.. but they likes black box operation very much

Stock

2016-09-19 16:13 | Report Abuse

keep on buying at 1.28 & 1.01 for Hevea & Hevea-WB, interesting !

Stock

2016-09-19 12:29 | Report Abuse

aha, got surprise some more ?

Stock

2016-09-19 12:25 | Report Abuse

today will break 1.30 ?

Stock

2016-09-19 12:11 | Report Abuse

after the disposal censof still holding around 20% of dnex, imaging the current paper gain and future profit contribution from dnex

Stock

2016-09-19 11:42 | Report Abuse

still profitable, because their Dnex's cost is about 0.20 only

Stock

2016-09-19 11:25 | Report Abuse

由于公司在8月份出售迪耐股票,而面对120万的亏损,那么下个季度的盈利肯定会受到影响
not true, in fact it made profit of 7.7m

Stock

2016-09-19 09:24 | Report Abuse

Great, let's accumulate more bullets before that

Stock

2016-09-16 10:20 | Report Abuse

Taugeh's TP is more realistic, unless super bull run the PengiunDad's TP might be true

Stock

2016-09-15 17:12 | Report Abuse

just like making a multi-millionaire dream lol

Stock

2016-09-15 17:10 | Report Abuse

censof 0.80 dnex 1.00 ? :D

Stock

2016-09-15 16:30 | Report Abuse

mother & son's vol so close