Another 10% private placement---DonT think Dnex has the financial capacity to take NIIS---Gov project has fixed Return----Not during UMNO time "buta-buta" 30--200% return---Now if nothing goes wrong 8--12% max and i believe No more "side projects" to cover loss if Happened
Even if get project, it won't complete within deadline. This is usual phenomena about government projects dished out to cronies. Enticement project to suck money from gullibles.
1. INTRODUCTION The Board of Directors (the “Board”) of Dagang NeXchange Berhad (“DNeX” or the “Company”) wishes to announce that Dagang Net Technologies Sdn. Bhd. (“DNT”), a whollyowned subsidiary of the Company had on 7 March 2024 entered into a Memorandum of Understanding (“MOU”) with Korea Trade Network (“KTNET”) (collectively referred to as the “Parties” and each a “Party”) with the intent to support and collaborate for a few initiatives involving the Port Community System, Electronic Customs and IT Consultancy services in trade facilitation area.
2. DETAILS OF KTNET KTNET was incorporated in South Korea and having its address at principal office 338, Pangyo-ro, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea. KTNET is Korea’s national paperless trade infrastructure operator that implements and operates the uTradeHub Platform for all businesses in international trade in collaboration with the Korean government. Leveraging the experience, KTNET has successfully implemented ecustoms systems in other countries
Indonesian Stocks Rise to Record on Optimism Over Faster Growth Materials, infrastructure stocks among the biggest gainers Central bank to cut rates at end of second quarter: Maybank
DNeX's subsidiary Dagang Net Technologies Sdn Bhd (DNT) signed a two-year agreement with KTNET.
Dagang NeXchange Bhd (DNeX) will work with Korea Trade Network (KTNET) on various projects on port community system, electronic customs and IT consultancy services for trade facilitation.
KTNET, which manages South Korea's digital trade systems, will collaborate with DNeX to enhance port community systems, electronic customs and IT consulting services for smoother trade operations.
i bought this when the Chinese came in to JV drawing a parallel to Proton/ Geely. Then these clowns upset the Chinese re shareholding …. beginning of the end now jaguh MOUs
wont up one volume too huge somemore got project also no use management cannot settle last year china even introduce dnex to start project in saudi but yet no effect on the share price also
Dnex doesn't have the expertise to undertake the NIIS project, furthermore there's risk in completing the project as IRIS too had failed to execute it on schedule
Your chart 'Money for Manufacturing' says it all. The Chinese are focused on the switch from sweat labor to brain labor. From unskilled labor to skilled labor. China is focused on a technology rise because history has shown that that is how other countries escaped the middle income trap. This means investments in technology manufacturing and services. The investments in real estate are near zero. The fact of the matter is 90% of Chinese own a home and 80% are mortgage free. 20% of those homeowners own a second home or more. So, there is very little in growth except by the younger generation and that is getting smaller, causing a demographic shift to an aging society.
Who is going pump money into Gaza---I think mostly Indonesia and Malaysia---Arabs are already " tak-tak " what arabs built previously already in Dust---EU are fight Russian with almost 800mil Euro every Qr Yah, yah we can Depend on Palestine Malaysia Fund---But Chairman like to Goreng Gold instead
When a company runs by an incompetent CEO, you can imagine the future of the company... the share price will be like shit and co definitely suffer loses bcoz no new business and development for the company to survive.
We have to accept the fact that the execitive chairman is going nowhere. We can only hope that he can receive handout from the government such as NIIS abd sub it to others to do. Do what he knows best.
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 > 2024-03-06 15:24 | Report Abuse
Small companies like Theta, HTPadu can fly. DNeX is heavy ! How to fly?