Arcadia under the previous Group MD is the major shareholder at 11.37%. But he has other plan. He wants Ping. The next biggest shareholder is EPF, Hon Hai, and Annedjma. These 3 shareholders do not have intention to take control of DNeX.
this stock is like mixture of local warlord thinking they have the majority but they don't. and yet they were trying to act like they are majority and talk big. there are two fact: 1. government required dnex to be bumiputra companies to own silterra. 2. no one rich bumiputra fund/ owner wants to own dnex. This is the decision ceo of dnex need to make. either talk to government, get rid of this ruling. or get a big bumiputra fund / owner in. if failed both. the ceo should go. If you cannot compete, you only will expect to make losses in the future for semiconductor. see TSMC they keep pump money to investment. This dnex management don't strike confidence into investors heart. slow to act. and fail to own up their own responsibility. Period.
in semiconductor field. people are talking up 5-10 years plan already because setup plant needs time. and what is the further roadmap ahead. yet dnex management only thinking about 1-3 years business.
I rather feel it is like a sign before a bad qtr to break below 0.30, same as previously, people betting on positive qtr but just disappointing result instead..........
The share price is too low to consider a trap. A trap is when the share price has been artificially jack-up (over value). The risk is there but at the minimal. Considering Hon Hai bought at RM0.9, you are lucky to buy at RM0.365.
Who nominated the current Executive Chairman? Is he acceptable by the top 10 shareholders? That is the question we have to ask. Till the top 10 shareholders agree on the captain, the current Executive Chairman can't be effective because he can only be a puppet.
they hire him then give him subscription.. now he don't want move away. then they bring in additional shareholders / director to solidified their position. thats why CGP bising.. They are like leeches. suck you dry.
dnex market cap also 1150mil already. estimate ping worth 470mil 90% shares. core existing tech business 150mil. DNeX's acquisition of the 60 per cent stake in SilTerra is valued at RM168.3 million. Give him 200mil. total value: 470+ 150 + 200 = 820mil.
No matter what the current EC is trying do is only for his own benefit and his master. We can only hope for the formation of a majority shareholders "group". How can it happen? I am sure the individual bosses who holds at least more than 1% of shares will do something in cooperation with the institutions such as EPF and so on.
i still remember clearly. when government trying to sell off silterra. There were few bidders.. But one rule rules out all the foreign bids. left 2 bidders.. so, there are little interest from local to own a semiconductor company.
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....
KingDavid
2,666 posts
Posted by KingDavid > 2024-02-15 09:26 | Report Abuse
Arcadia under the previous Group MD is the major shareholder at 11.37%. But he has other plan. He wants Ping. The next biggest shareholder is EPF, Hon Hai, and Annedjma. These 3 shareholders do not have intention to take control of DNeX.