market is so weak, Hiap tek is still strong, if not someone know something, u think will have this type of support in term of price and volume, think about it

btw, brainless and blameuse are same person, u see the number of comments brainless has, it is a new id from blameuse to brainless

wah wah, suddenly so hot, good good, whatever lo, take responsible for the amount of money invested, I bought d and I share good news, this is a very rationale move right

I think u loss many in this counter before, that's why U hate this counter so much, I don't think u are so good to warn people here so that not to lose money

wah, let's see how lo

see how lo, I share what I have, I never tell a lie here

brainless, u are blameuse, I check ur profile comments, only 2 only, kena shot d don't change profile and come back, shame on u

Angang-HK is a wholly-owned subsidiary of Ansteel Group Corporation, China (“Ansteel”). Ansteel is a Chinese State-Owned Enterprise. Headquartered in Anshan, Liaoning, China, Ansteel is one of the largest steel producing companies in China and in the world, and is ranked as a Fortune Global 500 company.

This is Fortune 500 company, Malaysia only got Petronas in the list if not mistaken

They have blast furnace technology, which is the same as Ann Joo

quite old news, but just give some perspective on the angang, I heard something shall be finalised this month, left a day, will see on Monday

1. The background information of ESSB, Angang-HK and Ansteel Group Corporation, China including the principal business activities, date of commencement of operations, identity of the directors and major shareholders together with their shareholdings;

HTVB’s 55%-owned jointly-controlled entity, ESSB, is principally engaged in the operation of a blast furnace, and production and sale of steel slabs with an annual production capacity of 700,000 mt.

Angang-HK is a wholly-owned subsidiary of Ansteel Group Corporation, China (“Ansteel”). Ansteel is a Chinese State-Owned Enterprise. Headquartered in Anshan, Liaoning, China, Ansteel is one of the largest steel producing companies in China and in the world, and is ranked as a Fortune Global 500 company.

2. The date ESSB ceased its production and the reason for the cessation;

ESSB temporarily suspended trial production in October 2015 as a strategy to minimize losses in view of the then depressed market for slabs, soft demand and the increased volatility of the foreign exchange rates.

3. Whether the directors, major shareholders and/or persons connected with the directors and major shareholders of the Company have any direct or indirect interests in the MOU.

None of the directors, major shareholders and/or persons connected with the directors and major shareholders of the Company have any direct or indirect interests in the MOU.

This announcement is dated 17 June 2016.

We refer to your Company’s announcement dated 15 June 2016, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1. The background information of ESSB, Angang-HK and Ansteel Group Corporation, China including the principal business activities, date of commencement of operations, identity of the directors and major shareholders together with their shareholdings;

2. The date ESSB ceased its production and the reason for the cessation;

3. Whether the directors, major shareholders and/or persons connected with the directors and major shareholders of the Company have any direct or indirect interests in the MOU.

big projects coming, no joke

I know is this month, which left 2 days, exact day I am not sure

Blameuse, what u get if the rest lose money, u feel better?

Kenny, ur source is reliable ?

blameuse is here, laugh die me, I am not finding argument, just u are funny

today or tomorrow, I guess there's might be announcement

Buy mothers, son premium too high d, not worth it,

34 vs 34.5 now, super strong

This company might not benefited the most from what has happened in the steel industry, but this company is way behind other steel counters in the of share price, something big is happened with Angang (HK listed steel company with RM2 billion market cap), turnaround company and actually this company is making RM40m profit without the loss attributed by the JV

let's aim for 40 cents first, maybe it's due to the agreement with angang, I share what I have, I never lie, we are all here to make money

If without loss from JV, the company is making RM40 million profit. The MoU with Angang will be fianlised this month, this is what I heard, just share here

this Blameuse, so lan si and so rude

finalise this month, trust or not up to u

Suddenly so strong, insider is buying on anticipation of the finalization of agreement with angang. lol

This Blameuse, what is his intention ah ? Luckily didn't sell at low price, steel theme is back

27.5 now, mega sales, I buy more now

The MoU with Angang will be finalised end of this month. No joke seriously

Top 5 shareholders, this company so bad meh? got so many international fund inside

TS Law Investments Limited
Credit Suisse, Investment Banking and Securities Investments
Standard Chartered Bank, Asset Management Arm
Lembaga Tabung Haji
Shougang Corporation

End of the month, I heard something big is going to happen, some collaboration with China steel companies, watch out, don't u all see there's very strong support in the price when everyone just doesn't look good on this counter

Up already, don't scare people here

ya, missed the dot, I scolded my friend d, I also the victim

Steel theme now with turnaround stories, company is making huge profit, just the loss from the JV, no worry, keep, the share price is the lagger for all the steel companies

I can't disclose more than this

profit 70m this quarter, just buy, mark my words

I heard profit 40m too, anyone can confirm ?

Goldeneyes, u are welcomed, let's huat together, we have confidence on this counter

First target 0.34 cents

Highlights
• IT software solutions provider. Primarily a software solutions provider, the group’s core business is still being anchored by its bread and butter National Single Window (NSW) which has seen its contract being renewed by the government for another 2 years.
• Bagged lucrative VEP business. DNEX is looking to potentially increase its IT earnings base significantly by providing the Vehicle Entry Permit (VEP) in the Johor- Singapore border with 2 major revenue streams: CAPEX (RM45m) and OPEX maintenance (RM20 p.a.) with doubledigit margins expected. If the project is successful, the VEP software solution could be scaled to be applied on Thailand- Malaysia border also which could bring about additional income streams.
• Making ‘Energy’ its 2nd core business. Despite possessing a stable IT business, the group is not resting on its laurels by investing in Energy business through rights issue and special share issuance. To bring in experience, the group has also seen its CEO being re-designated to Mr. Zainal Abidin, ex- Malakoff CEO with multiple years of experience in the energy business.
• Acquired Energy assets at the right time. To kick start its venture into the Energy business, the group acquired OGPC, an equipment provider for O&G industries covering the whole chain from upstream to downstream. Based on its latest FY15 earnings base of circa RM20m, the purchase consideration of RM170m implies a PER of 8.5x, a fair level given the relative resilient nature earnings of the business amid industry downturn.
• Ping Petroleum to add another income stream. DNEX has also invested in 30% stake of Ping Petroleum, an E&P company at its early stage with 50% stake in Anasuria Cluster, North Sea jointly-owned with Hibiscus Petroleum. Post several cost cuts and optimization, the mature oilfield is now cash flow positive while providing further income for DNEX at associate level.
• Explosive earnings growth for next 2 years. From FY15, the group’s earnings growth would be significant in the next 2 years with a 2-year CAGR of 72% expected in our earnings forecast. We have imputed earnings delivery from VEP Johor, umbrella oilfield service contract, OGPC sustaining earnings base and Ping Petroleum production profits.

Catalysts
• Robust growth prospects in all business pillars.
• Favorable O&G business acquisition timing.

Risks
• Oil production natural decline, non renewal of NSW contract.

Rating
• NON-RATED
• Positives – Huge potentials in new businesses.
• Negatives – Risks of O&G business margin erosion.

Valuation
• SOP valuation of RM0.34

Source: Hong Leong Investment Bank Research - 14 Sep 2016

ce808, my friend told me more VEP contracts to be announced soon, up to 5 contracts, not sure true or not

appreciate someone here can share more about the business of the company, instead of just talk about price and volume

The managing director spent 22 years in Exxon Mobil previously before he moved to Malakoff as CEO and now managing director of Dnex, that's why he likes oil and gas sector, he sees the opportunities to buy during the industry at the distress situation

the revenue and profit of OGPC is as big as the current business of Dnex, excluding profit contribution from Ping Petroleum, they bought it last year at RM170m

the revenue and profit from OGPC will kick in during the 2nd half of 2016, this is a subsidiary company, not like Ping Petroleum, only associate

No power today, still in holiday mode

Not play play, the current CEO, he leads the transformation in Malakof, Malakof market cap is in billions, I trust his capabilities to transform Dnex

H.E. Mr. Zainal Abidin Bin Abdul Jalil has been Group Managing Director of Dagang NeXchange Berhad since June 19, 2014. Since June 01, 2011, H.E. Bin Abdul Jalil served as Chief Executive Officer of Malakoff Corporation Berhad where he led its transformation into a leading international Independent Water and Power Producer (IWPP) with core businesses in power generation, water desalination and operations & maintenance services. He has a wealth of experience in managing businesses and operations in high-technology, and capital-intensive upstream oil and gas industry and power generation utilities. He possesses leadership experience in deepwater operations (FPSOs and sub-sea wells) and joint-venture management with strong partner relation experience with global players in the oil and gas sector. He also has in depth knowledge of major hydrocarbon producing areas in West Africa, North America and Asia Pacific in addition to leadership experience in the Middle East, South East Asia, North Africa and Australia. He had also served ExxonMobil for 28 years in various managerial and leadership capacities at the multinational its business units and operations worldwide. He has been a Director of Dagang NeXchange Berhad since June 19, 2014. He served as a Director of Central Electricity Generating Company from December 15, 2011 to April 30, 2012. H.E. Bin Abdul Jalil holds BE in Civil Engineering from University of Queensland, Australia.

Fundamental of this company, good ? seem like too good to be true, scare