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2021-06-10 20:02 | Report Abuse
For a change tis auditors KPMG wil b sued by its client
2021-06-10 19:54 | Report Abuse
Bro selling not a good sign
2021-06-10 19:53 | Report Abuse
Awang selling is not good sign
2021-06-10 19:42 | Report Abuse
Is AIMFLEX website any good?
Halal Crypto haha, kalau subcon ke aimflex baik la tu. kpmg tk marah. ict projek bagi co tak de ict background, baru kpmg bising bising.
10/06/2021 7:37 PM
2021-06-10 19:41 | Report Abuse
Awang AIMFLEX hit too
2021-06-10 19:36 | Report Abuse
Awang selling
Tis could b heaven
Tis could b HELL
2021-06-10 19:35 | Report Abuse
ICT jobs to sub to Awang's AIMFLEX
2021-06-09 17:58 | Report Abuse
Investment funds may sell quoting pontential corporate governance issues not necessarily financial issues
2021-06-09 08:29 | Report Abuse
Tis is a precursor to imminent intervention by d powerful
2021-06-09 08:27 | Report Abuse
Btw..
YINSON.. it will b good very good if u could kindly clarify IN WHAT WAYS ARE U DIFFERENT FROM STRUGGLING BUMI ARMADA?
M sure this question is in investors' mind for d longest time
TQ
Yours sincerely
2021-06-09 08:21 | Report Abuse
I don't want to say TOLD U SO!!
U don't know anything do not simply post
Yinson sue tis kiasu fella
2021-06-09 08:14 | Report Abuse
Tis is a precursor to imminent intervention by d powerful
2021-06-09 08:13 | Report Abuse
Tis is a precursor to imminent intervention by d powerful
2021-06-09 08:13 | Report Abuse
Tis is a precursor to imminent intervention by d powerful
2021-06-08 20:42 | Report Abuse
Tis is a precursor to imminent intervention by d powerful
2021-06-08 20:26 | Report Abuse
Karim selling warrants to top up margin
2021-06-08 12:01 | Report Abuse
Syed is talking up d price
Thr must b heavyweights interested in d PP
Foxconn or Foxconn alike
2021-06-08 08:35 | Report Abuse
PETALING JAYA: Dagang Nexchange Bhd’s (DNeX) aim of increasing its stake in Ping Petroleum Ltd by 60% to 90% will enable the group to consolidate Ping’s contribution and exert more control over the company to access proven and probable oil and gas reserves.
“The Anasuria cluster, which Ping has a 50% effective interest in, offers mature O&G (oil and gas) fields that entail production and development opportunities.
“Once we increase our stake, our effective entitlement to the cluster leaps from 15% to 45%. With greater control, we are afforded the flexibility to unlock Ping’s long-term growth potential, ” said (DNeX) group managing director Datuk Seri Syed Zainal Abidin Syed Mohamed Tahir.
Syed Zainal, in a reply to StarBiz, said DNex saw an opportunity of an attractive entry price with strong upside potential in increasing its stake in Ping.
“Ping is stable, cash generating and profitable as well as has a strong track record and has been recording revenue and profit year-on-year for the past three financial years.
“What is important to note is that Ping has been able to generate positive cash flow from its operations without having to rely on external borrowings, and has been in a net cash position for the past three fiscal years, ” he said.
To fund the 60% stake buy, he said the group is looking at borrowings, some or all of which may be procured from Ping in the form of an inter-company loan.
“The recently announced private placement will partially finance the proposed acquisition of Silterra. At the same time, it will also go to funding our Ping acquisition as the intention of the private placement is to fund any suitable and viable potential businesses or investments as well as our working capital requirements, ” Syed Zainal said.
DNeX had said it would pay RM314mil for an additional 60% stake in Ping Petroleum Ltd to raise its stake in the oil and gas company to 90%.
On its plans for Ping, Syed Zainal said Ping’s focus in the near term will be to unlock its untapped potential and maximise economic value from its asset portfolio.
He said there was an opportunity to further improve Ping’s production output by rejuvenating existing wells to monetise economically attractive reserves in the Anasuria Cluster.
“Moreover, as international O&G majors are divesting their upstream assets as part of their global portfolio rebalancing, we are also looking into acquiring additional late cycle producing assets in such target markets as the North Sea, Malaysia and within the region as well. “Opportunities are aplenty for us to embark on investments or acquisitions of late cycle producing brownfield assets in these regions, ” he said.
Ping is said to have managed to keep and reduce operating costs to below US$20 (RM82) per barrel to ensure the company remains profitable and generates a positive operating cashflow despite the soft and volatile market conditions.
Syed Zainal said the group was looking at potentially expanding into similar assets to the Anasuria cluster within the UK as well as in South-East Asia.
“The O&G industry is also expected to face a major transition, with many major international O&G players expected to divest mature or late cycle oil assets as part of their efforts to reduce their carbon footprint.
“We see opportunities to acquire these quality assets in the near term to capitalise on improved oil prices once the global economy improves, ” he said.
On the group’s plans for Silterra following winning the bid for the asset, Syed Zainal said immediate plans to drive Silterra’s transformation were to increase plant utilisation, undertake cost optimisation and expand market access.
“These include initiatives to improve efficiencies and increase the company’s operational capacity as well as new capital investment to remove bottlenecks and improve plant utilisation, ” he said.
“In addition, we will lead Silterra to ready market access including strategic customers and long-term supplier contracts by leveraging on the network of our partner.”
He said also in the pipeline were the adoption of technology upgrades including micro-electromechanical system and silicon photonics, thus enabling change in product mix that can generate improved business margin.
“The outlook of the semiconductor sector is expected to stay bullish with increasing demand continuing up to 2024, which can lead to sustainable positive earnings for Silterra and DNeX.
“This makes the acquisition of Silterra timely and strategically compelling for DNeX. We are confident that our business in the semiconductor market will grow at a strong pace, ” he said.
“We
2021-06-06 17:17 | Report Abuse
Do u think Elon Musk needs to put up a website to get jobs??
2021-06-06 17:15 | Report Abuse
Thr r tonnes of projects offered to Karim
If u have to take a number to see Karim to talk over a project ur number would likely b 1692
2021-06-06 17:10 | Report Abuse
Tis is no right
KMPG is the one which requested for the change
satu langkah yang memberikan Serba Dinamik ruang bernafas bagi memuktamadkan penyata kewangan
2021-06-06 17:06 | Report Abuse
There is absolutely no need for Karim to put up websites to try to get jobs
2021-06-06 17:05 | Report Abuse
Karim has very good connections
2021-06-06 17:04 | Report Abuse
Karim is Petronas nurtured trained
Poster boy of Petronas programmes
Pride of Petronas
Recently space projects whatnot have been thrust upon Karim
Serbadk has to accept these projects reluctantly
2021-06-06 10:09 | Report Abuse
Find out who owns AIMFLEX
2021-06-06 10:08 | Report Abuse
AIMFLEX is on standby for ICT jobs fr Serbadk
2021-06-06 10:06 | Report Abuse
Yes it is listed on Bursa
2021-06-06 10:05 | Report Abuse
AIMFLEX fka iStone know or not?
2021-06-06 09:58 | Report Abuse
ICT biz is to b sub to AIMFLEX
2021-06-06 09:58 | Report Abuse
Tis shows revenue thr cld b inventories pending billing
2021-06-06 09:55 | Report Abuse
Trying to tell u n em too
2021-06-06 09:52 | Report Abuse
And it doesn't mean b4 tis Ramunia yard Serbadk did not do fabrication jobs
OrlandoOilSemiconIoT Serbadk jz spent 320m to buy Telok Ramunia yard for fabrication jobs
06/06/2021 9:42 AM
2021-06-06 09:45 | Report Abuse
Fabrication takes time
2021-06-06 09:45 | Report Abuse
Junior KPMG auditor
Wat r u talking abt?
If u done pay overseas suppliers in advance they won't even sell to u
Mikecyc Haha refer to Documents : PO , DO , Invoice .. materials on site belong to which party !!
06/06/2021 9:41 AM
2021-06-06 09:42 | Report Abuse
Serbadk jz spent 320m to buy Telok Ramunia yard for fabrication jobs
2021-06-06 09:29 | Report Abuse
Not if the inventories hv to b purchased overseas
Try telling ur overseas suppliers those materials on site stil urs
2021-06-06 09:25 | Report Abuse
Is capital intensive means anything here?
2021-06-06 08:52 | Report Abuse
Does inventories include long term projects/contracts which need to b completed upto a certain % b4 can do billing?
2021-06-06 08:42 | Report Abuse
Only Japan would not take in till receivables hv paid up
Those increases in inventories and receivables, can a company consider them as revenue even if they not yet sold their inventories or not yet collects their receivables?
2021-06-06 08:39 | Report Abuse
1.8/6 = 109.5 days
Industry norm 95 days
2021-06-05 20:49 | Report Abuse
Jz work on sslee don't spend so much time in i3
2021-06-05 20:45 | Report Abuse
i3lurker
U talked a lot at least 3 times more thn d guys
U r definitely a female
A old lady in her 60s fat n all by herself lonely looking for company
2021-06-05 20:39 | Report Abuse
Sort out d underlying issues not d price ok
2021-06-05 20:34 | Report Abuse
KMPG local partners now know their fallacy to blow up small issues but having srewed d management staff now they r at moral high ground cannot come down
KMPG is in big trouble
2021-06-05 20:07 | Report Abuse
Point is u don't know anything
U don't know wat r ratios
U don't know cannot look at absolute balance coz everything is relative
Point is u don't know anything
Don't know anything yet simply post
Simply post FAKE conclusions
Smearing innocent
Stock: [DNEX]: DAGANG NEXCHANGE BERHAD
2021-06-11 08:13 | Report Abuse
D 3 shareholders hv made sacrifice to secure DNEX future selling so cheap at 0.90