Pity the DNex loyalist. Actually the profit performance is not bad but short sellers create the fear leading to some panic selling. DNex CEO/MD should come out with a statement to calm the loyalist DNex
Dagang NeXchange Bhd (DNeX) posted an 86% year-on-year decline in net profit for the first quarter ended Sept 30, 2022 (1QFY2023) due to the absence of one-off bargain purchase effect from the acquisition of 60% interest in SilTerra Malaysia Sdn Bhd.
"Furthermore, the strengthening of the US dollar is favourable to the group with more than 80% of the group's revenue transacted in US dollar. Particularly at SilTerra, we will continue to focus on investing in new emerging technologies that command higher average selling prices for long-term sustainability," he said.
Syed Zainal Abidin said DNeX's energy division is also expected to benefit from stabilising Brent crude oil prices over the near term on the back of Russian oil sanctions and production cuts by OPEC+.
Sept 30, 2022 (1QFY2023) due to the absence of one-off bargain purchase effect from the acquisition of 60% ____________________________ This is actually a inflated Revenue with no earning attached. Management just said bought Silterra Cheap and attached a " invisible profit " to it ( and ikan bilis becomes ecstatic High for imaginary numbers )
Revenue grew 55% to RM419.58 million for 1QFY2023, from RM270.87 million a year ago, thanks to the consolidation of results from SilTerra, a semiconductor wafer foundry.
Stock price now below NTA. Company still bringing in profitability. Company own chip foundry. So many other plus point BUT share price is sheer disappointment. Can the CEO/MD care to explain
HA!...HA!..... ZAINAL ABIDIN IS DREAMING OF ARAB FUND WILL SUPPORT HIM,........BETTER WAKE UP,.........ONLY CPG CAN HELP DNEX & NOT THE ARAB FUND,........BETTER TREAT CPG NICELY,........CPG IS DNEX BOSS
Excluding the one-off-gain from the bargain purchase, DNex's net profit grew 44% from the normalised 1QFY2022 net profit of RM29.05 million, as revenue grew 55% to RM419.58 million from RM270.87 million a year ago, driven by higher contribution from both its technology and energy segments, its bourse filing showed.
So actual trading profit grew.
As at Sept 30, DNex was ina net cash position with total cash of RM1.05 billion, with borrowings of RM322.6 million.
The 1st Headline that spooked investors - DNeX 1Q net profit slumps 86% due to absence of SilTerra bargain purchase effect - The Edge Markets
The 2nd Headline - Excluding SilTerra bargain purchase effect, DNeX starts FY2023 on stronger footing.
Dagang NeXchange Bhd (DNeX) posted a net profit of RM41.72 million for its first quarter ended Sept 30, 2022.
Excluding the one-off-gain from the bargain purchase, DNex's net profit grew 44% from the normalised 1QFY2022 net profit of RM29.05 million, as revenue grew 55% to RM419.58 million from RM270.87 million a year ago, driven by higher contribution from both its technology and energy segments, its bourse filing showed.
Sadly the manner the better Quarterly profit were reported gave the impression that the company did badly when the opposite is true. Damage done as many retail investors panic and sold their shares
This is just a high basics effects last year makes qr droping so many , nothing to panic about , 68 million per qr better than vitrox , MPI ! Conservative add up become around 200 million per fiscal , within bursa tech top 3 ranking ! Buy in dip , thiz is the best chance to buy in cheap tickets !
One day Dnex will follow Mabel's King of Construction..will use this dividend to top up Dnex..
Life is so beautiful
Captain Mabel Meow
Stock: [GAMUDA]: GAMUDA BHD
Nov 26, 2022 10:08 AM | Report Abuse
Mabel King of Construction is on the Spotlight this week. Gamuda Bhd announced a special interim dividend of 38 sen per share, just over a month after the engineering, property and infrastructure company successfully completed its divestment of four highways to Amanat Lebuhraya Rakyat Bhd (ALR).
The special dividend’s ex-date is Dec 13, with entitlement on Dec 14. Last month, ALR said it has completed the acquisition of four highway concessionaires, following its issuance of sustainable sukuk murubahah amounting to RM5.5 billion in nominal value. The four highway toll concessionaires are Lingkaran Trans Kota Sdn Bhd (Litrak), Sistem Penyuraian Trafik KL Barat Sdn Bhd (SPRINT), Kesas Sdn Bhd (Kesas) and Syarikat Mengurus Air Banjir dan Terowong Sdn Bhd (SMART).
Arbitration has "teeth" if it included in Sale and purchase Agreement Clause. Now it is just a After-Thought" process( waste time only ).....better-off with open Court Case
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
BobAxelrod
8,255 posts
Posted by BobAxelrod > 2022-11-25 15:50 |
Post removed.Why?