Posted by newguy0801 > 2022-03-25 11:23 | Report Abuse

Haha, did I even say anything bad about DNEX? Hehe

Posted by johnmasino > 2022-03-25 11:24 | Report Abuse

Chang206: Why isn't anyone complaining to SC about IBs manipulating the stock price? Isn't stock manipulation criminal?

Posted by OngKawKaw > 2022-03-25 11:24 | Report Abuse

NOLAH. I TAK MENTIONED SESIAPA PUN

Posted by papaya > 1 hour ago | Report Abuse

derrtan looking at the roadblock again!!!scary!!....

-----------------------------------------------------

apa scary boss.......dari dulu dok scary....bukan beli pun........kikikikikiih

Posted by scjm > 2022-03-25 14:43 | Report Abuse

today round two, buyer taking on the selling

Posted by WoodHand > 2022-03-25 14:52 | Report Abuse

haha these two kids

Posted by dieheart85 > 2022-03-25 16:24 | Report Abuse

How about CG?

Posted by paktua73 > 2022-03-25 16:29 |

Post removed.Why?

Posted by Goldberg > 2022-03-25 16:44 | Report Abuse

Dagang Nexchange - Indications Leading to An Explosive 3QFY22
Author: HLInvest

|

Publish date: Fri, 25 Mar 2022, 12:25 PM

We came away feeling positive from a private meeting with DNeX during our site visit to Silterra’s wafer foundry earlier this month. We strongly believe DNeX should register uninterrupted back-to-back quarterly earnings growth over the next 6-9 months on the back of: (i) Silterra’s surging product ASPs, (ii) increasing wafer shipments; and (iii) soaring crude oil prices. We highlight that DNeX would be a major direct beneficiary of higher oil prices amidst the Ukriane-Russia conflict via its oil-producing assets in 90%-owned Ping Petroleum. We maintain our highly-convicted BUY recommendation with an unchanged SOP-based TP of RM1.64/share. Currently at only about 15.5x FY23F earnings in its entirety, we believe that DNeX is a compelling case given its strong foothold in both front-end semiconductor and upstream energy.

2Q/1HFY22 results recap. DNeX registered a record high quarterly core PATAMI of RM62.5m in 2QFY22, bringing 1HFY22 core PATAMI to RM92.7m (having adjusted for RM264.5m gain from the acquisition of Silterra, RM11.4m impairment loss on receivables and RM8.4m on forex losses). The group’s strong performance was mainly attributed to Silterra’s strong net ASP per wafer at USD527 in 2QFY22 (+8% QoQ from USD488 in 1QFY22).

Indications leading to an explosive 3QFY22. From our check with management, we gather that wafer ASPs continues to increase. The group has reiterated that net ASP per wafer is still on an uptrend and is expected to peak in 4QFY22 and hover at c.USD600 to USD625 in FY22-23. Meanwhile, soaring crude oil prices throughout 3QFY22 would also directly benefit its 90%-owned Ping Petroleum via its oil producing assets in Anasuria. As at point of writing, Brent Crude Oil price averaged at about USD96/bbl YTD, which is significantly higher than its 2QFY22 realised price of USD71/bbl.

Planning for another USD150-200m capex for Silterra for an extended plant in end-CY2022. We highlight that the group is planning for another expansionary capex of USD150-200m in end-CY2022 to ramp up its production for emerging technology (MEMS, Silicon Photonics) to about 10% of total capacity. This capex will entail a new building, which would be an extension from Silterra’s existing plant in Kulim currently. The group aims for this new plant to be operational in early-2024.

Ping Petroleum’s 100%-owned Avalon Oilfield to produce first oil in July 2024 (FY25). The group is targeting for Ping’s 100%-owned Avalon Oilfield (greenfield) to produce its first oil in July 2024. Based on our findings, we gather that the Avalon Oilfield will potentially more than quadruple (4x) Ping’s output from c.2.3k boepd to c.9.0-10.5k boepd, based on our internal estimates – which would boost Ping’s earnings by 3-4x.

Forecast. Unchanged. We maintain our conservative assumption of: (i) net ASP per wafer to be at USD500 for FY22; USD550 for FY23; and USD578 for FY24. We also maintain our Brent oil price forecast of USD80/bbl for FY22 (FYTD: USD82/bbl). Note that we are conservative on our assumptions for both of the group’s divisions – indicating significant upside risks to our earnings forecasts.

Maintain BUY, TP: RM1.64/share. We maintain our highly-convicted BUY recommendation on DNeX with an unchanged SOP-derived TP of RM1.64/share. We peg Silterra’s multiple to 30x PE to reflect the monumental growth prospects for the semiconductor foundry over the next few quarters. Currently at only about 15.5x FY23F earnings in its entirety, we believe that DNeX is a compelling case given its strong foothold in both the front-end semiconductor and upstream energy spaces.


Source: Hong Leong Investment Bank Research - 25 Mar 2022

Posted by KingDavid > 2022-03-25 17:55 | Report Abuse

CG - Expired

Posted by blackchicken > 2022-03-25 18:07 | Report Abuse

https://www.theedgemarkets.com/article/hlib-research-sees-stronger-earnings-dnex-year

Posted by blackchicken > 2022-03-25 18:08 | Report Abuse

https://www.nst.com.my/business/2022/03/782976/surging-semiconductor-asps-higher-oil-prices-boost-dnexs-earnings

Posted by Chang206 > 2022-03-25 18:14 | Report Abuse

CA not CG has expired.
HLB IB and other IBs may come in to collect Dnex shares next week. Dnex share price likely to see a stronger rebound next week because other IT stocks has gone up a lot this week.

Posted by Bullcoming > 2022-03-25 19:53 | Report Abuse

Dnex just like unpolish diamonds, it will shine once next few QR is out. Believe what we know IB & fund manager already knew it earlier.

Posted by Mini Bull > 2022-03-25 20:59 | Report Abuse

Look like investment bank distribute to ikan bills

Posted by papaya > 2022-03-25 22:21 | Report Abuse

Mini Bull Look like investment bank distribute to ikan bills

------------------------------------------------------------------
this type of wording heard continously....but reality...dnex keep on moving from 20sen till 1.06......not bad for ikan bilis can move this far.....kikikikikikih

Posted by Mabel > 2022-03-26 00:17 | Report Abuse

Thanks for sharing Goldberg

It's green green green

Life is so beautiful

Meow Meow Meow

Posted by Mabel > 2022-03-26 00:18 | Report Abuse

1.6 is the next target..

Meow Meow Meow

Posted by jk20598 > 2022-03-26 09:34 | Report Abuse

Dnex price 1.06 already stands above ma20 @1.023,it is a breakout from W or triangle Chart pattern.It has a good chance,70 to 90%,going north moving forward.The underlining supports are- 1)Many Technical buyers will launch their buys at this juncture.2)Reconfirmation of super good Q profits by HLIB Tp 1.64 yesterday.3)Confirmation of 0.6 cts dividend payout in Apr.This can spur EPF,KWAP,TH,ASB,...n other Funds to buy in!Hope also HLIB note catches Foreign Funds attention.It doesn't matter Dnex doing rojak business Semicon/Oil/IT/Undersea cables,it can also sell satay,burger,...,so on,but who cares,as long as it makes money!There is a classic great man saying who cares whether it is a black cat or a white cat,as long as the cat can catch a rat,it is a good Cat!

Posted by Trevor777 > 2022-03-26 10:40 | Report Abuse

All painting rosy pictures????? Hahahaha......dream on. Oil price spike again and play on chips at Naq. So, Dnex will spike again???

Money grows on trees? Where's RM600-700 million for expansion coming from? How about the RM300-400 million for Avalon???

To win the Olympics, you need first to get into the ring. Sitting at home and you are just dreaming.......

Posted by Trevor777 > 2022-03-26 10:45 | Report Abuse

You can say Dnex was a gem at 60c......at RM1.10 is still looking the same????

Expansion = Time and Money...............NEVER IMMEDIATE or Overnight........

Posted by OngKawKaw > 2022-03-26 10:47 | Report Abuse

….AND GOYANG KAKIS

Posted by Investorrr > 2022-03-26 15:36 | Report Abuse

expansion or capes have to take 2 to 3 years to realise profit.not immediate can lock in expansion of production line profit.

Posted by calvintaneng > 2022-03-26 15:42 | Report Abuse

Posted by Investorrr > 43 seconds ago | Report Abuse

expansion or capes have to take 2 to 3 years to realise profit.not immediate can lock in expansion of production line profit.

You hit the nail on the head chun chun!

People don't know Dnex MUST FIRST SPEND MONEY before seeing real profits much later

Those who chased & OVERPAY will later see little real earnings from Dnex will be sorely disappointed & cutloss later

Posted by Trevor777 > 2022-03-26 15:49 | Report Abuse

Wow!....now everyone is starting to open their eyes a tiny bit and follow my line.......hehehehe

Posted by Trevor777 > 2022-03-26 15:52 | Report Abuse

Next, you should ask those IBs why they didn't take our lead and VISITED Silterra last year????

Also, question them on the SOURCE of CAPEX......

Not forgetting the one who wrote only beautiful lines of "EXPLOSIVE INCOME" when the first step has NOT even been TAKEN?????????????

Posted by Trevor777 > 2022-03-26 15:53 | Report Abuse

Only those glassy eyed Dnex puppies keep following to be pushed over the cliff at GREAT heights..................

Posted by Trevor777 > 2022-03-26 15:58 | Report Abuse

We got in last year.....from 62c.......made zillions of rounds....baskets loads of FREE shares......Off loaded FINAL round at 1.30.......and watch you BURN until HELL freezes over......

Back to show you.............. "middle finger".......

Posted by Investorrr > 2022-03-26 16:29 | Report Abuse

Time Engineering used to have a lot of announcements and expansion too.

Posted by latuk > 2022-03-26 18:42 | Report Abuse

He who laughs last laughs best.

Posted by latuk > 2022-03-26 18:45 | Report Abuse

Next week is the beginning of the major uptrend. To those who tells the story of sour grape, we shall see.

Posted by Trevor777 > 2022-03-26 19:05 |

Post removed.Why?

Posted by latuk > 2022-03-26 19:22 | Report Abuse

Trevor 777,
Time will tell. Just wait for next week. Be patient.

Posted by Trevor777 > 2022-03-26 19:45 | Report Abuse

Oh, it that true? Then you better saddle up more.......sucker bilis.

And don't tell me of your victory with just 2-3 sens gains next week.....we want to see and feel the UPTREND!!!!!!

Posted by latuk > 2022-03-26 21:09 | Report Abuse

We shall see.

Posted by latuk > 2022-03-26 21:09 | Report Abuse

We shall see.

Posted by OngKawKaw > 2022-03-26 21:49 | Report Abuse

HIDUNG GADUH MULUT LAGI.. COME ON..

Posted by JohnFarmer458 > 2022-03-26 22:21 | Report Abuse

Golden cross , going towards hlib 1.63 TP

Posted by Trevor777 > 2022-03-27 10:05 | Report Abuse

Not the first time this veggie grower used the term Golden cross, but which and when did it ever happened???

You'd be a very successful Comedian, just like that Jap Bimbo.....hehehe

Posted by latuk > 2022-03-27 13:46 | Report Abuse

I didn't know that good comments about a stock can hurt a person like Trevor 777 so much. Strange.

Posted by nextan > 2022-03-27 14:04 | Report Abuse

Run loh

Posted by latuk > 2022-03-27 15:37 | Report Abuse

Was it the same person who graduated from Tanjong Rambutan before. Last time he disguised himself as The Hopeless.

Posted by latuk > 2022-03-27 15:39 | Report Abuse

I can recognise him by his words used. He likes to utter nonsense.

Posted by Mabel > 2022-03-27 15:49 | Report Abuse

This counter has been giving Mabel endless orgasms.

Result speaks for itself..

No need to talk too much..

To 1.60 with loves..

Meow Meow Meow

Posted by OrlandoOilSemiconIoT > 2022-03-27 16:26 | Report Abuse

For expansion

No PP

RI coming

Old existing shareholder sold a big block and left d already made a lot too old and too lazy to obtain bank loans to finance RI

RI with FOC warrant

DNEX had a very good experience with its warrant so will repeat old trick

RI with FOC warrant... no dilution

Posted by blackchicken > 2022-03-27 19:25 | Report Abuse

Indications leading to an explosive 3QFY22. From our check with management, we gather that wafer ASPs continues to increase. The group has reiterated that net ASP per wafer is still on an uptrend and is expected to peak in 4QFY22 and hover at c.USD600 to USD625 in FY22-23. Meanwhile, soaring crude oil prices throughout 3QFY22 would also directly benefit its 90%-owned Ping Petroleum via its oil producing assets in Anasuria. As at point of writing, Brent Crude Oil price averaged at about USD96/bbl YTD, which is significantly higher than its 2QFY22 realised price of USD71/bbl.

Posted by vllyk > 2022-03-27 21:21 | Report Abuse

am waiting for correction.. the war with Ukraine will end and Oil price will eventually drop and cause a quick panic sell off for O&G stocks. hopefully, can collect gain then.

Posted by EVO118 > 2022-03-28 09:13 | Report Abuse

Opportinity is there this morning if you are still keen on collecting.

Posted by Baby Shark > 2022-03-28 09:28 | Report Abuse

Agree.. sure can reach RM2.50

Posted by Trevor777 > 2022-03-28 09:29 | Report Abuse

Don't know whether to cry or laugh......it could be a genuine mistake but he didn't look so S T U P I D before.

An increase in NOSH by way of PP or RI is NOT any DILUTION?????

Tan Sri said before he rather choose PP in 2021 so as not to tax or burden shareholders with more Capital.

And RI is to ask shareholders for more funds.

Totally unbelievable the words from Ore-lan_doe!!!