Posted by UncleFollower > 2024-04-30 16:23 | Report Abuse

How much is DNEX worth once confirm Foxconn Ajlan DNEX JV new wafer fab plant?

Given PMX's direction and ambitions, and DNEX's very Malaysian presence, any reason at all for Govt not to support this project?

Posted by UncleFollower > 2024-04-30 16:30 | Report Abuse

In May 2022, DNeX and Foxconn inked a memorandum of understanding to set up a joint venture (JV) company to build and operate a new 12in wafer fabrication plant in Malaysia that is capable of producing up to 40,000 wafers per month in the 28nm and 40nm technology segment.

A month or two ago, DNeX resubmitted its proposal to build a US$1.5 billion wafer fabrication plant in Negeri Sembilan with Foxconn and Ajlan of Saudi Arabia. Syed Zainal says that the plan is to manufacture components for the EV industry.

Both Foxconn and Ajlan have EV aspirations.

“The project [building of a wafer fabrication plant] is very much being pursued. We have resubmitted our new proposal to the government. It will be focused on electric vehicles. Foxconn wants to position itself as a global electric vehicle component supplier, so, they (Foxconn) have already made a number of agreements with many companies, so to do that they need to secure the supply of microchip wafers. That’s where we come in. Saudi (Arabia) have also said they want to produce their own electric vehicles, so having access to semiconductor supply becomes very important.

“So we are investing with them (Foxconn and Ajlan) in Malaysia in a wafer foundry, on a specific technology meant for electric vehicles … this is what we have resubmitted to the government, in the last one or two months,” Syed Zainal says.

How this pans out remains to be seen.

Posted by UncleFollower > 2024-04-30 16:30 | Report Abuse

Old old news.

Posted by Income > 2024-04-30 18:15 | Report Abuse

https://youtube.com/shorts/HjLgBMO9S78?si=rrvBVf1wC8PCe-Me

Posted by Income > 2024-05-01 05:38 | Report Abuse

Wages and salaries increased by 1.1% over that same three-month period, while benefit costs also increased by 1.1%. The data adds to ongoing concerns that persistently high wages.

Posted by ken2004 > 2024-05-01 15:23 | Report Abuse

MOU bring no obligation to any parties at all lol, like langkawi signing MOU to have so called LRT around which sounds WOW but everyone know it is rubbish as there is no ROI meaning at all........

Posted by ken2004 > 2024-05-01 15:25 | Report Abuse

Look at YTL Power, why it is flying? because it is not MOU but real contract signed which means real investment, real action in place......not just talking only like MOU.......

Posted by Gaussian > 2024-05-01 15:40 | Report Abuse

Tp RM 4-6. lol

Posted by anson938 > 2024-05-01 21:39 | Report Abuse

4 to 6 soon

Posted by gooman > 2024-05-02 08:59 | Report Abuse

Positive outlook for Dnex - https://www.thestar.com.my/business/business-news/2024/05/02/positive-outlook-for-dnex

Posted by anson938 > 2024-05-02 09:06 | Report Abuse

5 to 6 soon

Posted by rainman777 > 2024-05-02 10:50 | Report Abuse

Hahahaha jangan lepas akan datang hahahaha die die pun hold, Wakaka

Posted by 8dragon > 2024-05-02 12:55 | Report Abuse

I'll look at this stock only @ 0.38 or below....

Posted by jazmaster > 2024-05-02 16:42 | Report Abuse

Last time Dnex was hanging around 36 cents and you only start noticing it when it moves up, 8dragon? 😅

Posted by 143922 > 2024-05-02 18:20 | Report Abuse

Dapatkan sementara stok masih ada hahha😂😂

Posted by 8dragon > 2024-05-02 18:22 | Report Abuse

I bought this stock @ 0.32 and sold all @ 0.41 already. Now hopefully it'll drop back to 0.38 and below to start buying back...

Posted by NatsukoMishima > 2024-05-03 13:15 | Report Abuse

Impossible buy at 36 again because court case is going to settle soon , instead it will back to above 80 !

Posted by Ron90 > 2024-05-03 16:30 | Report Abuse

thetha is flying!!.. but this Dnex got jammed

Posted by Diego66 > 2024-05-03 17:16 | Report Abuse

Ya... buying and selling volume are equally high for Dnex today

Posted by YourQuirkyWays29 > 2024-05-03 17:31 | Report Abuse

May 2023
Dnex @ RM0.4 - Natsuko: TP RM4-6!

May 2024
Dnex @ RM0.4 - Natsuko & 1diots: TP RM4-6 still intact!

xD

Posted by i3Broly > 2024-05-04 02:13 | Report Abuse

Last year the MOU with BiH (new fab) was extended until 16 May 2024 when it was about to expire lets see if there will be an update in the next couple of weeks.

Posted by 8dragon > 2024-05-05 10:17 | Report Abuse

MOU is just a cosmetic which doesn't affect a person physically unless undergoing a plastic surgery....

Posted by 143922 > 2024-05-05 12:56 | Report Abuse

Angan/berangan itu dibenarkan cause tak perlu bayar.Tahniah NatsukoMishima yakyakyee

Posted by Ron90 > 2024-05-06 09:38 | Report Abuse

hot item for today.. just within 30 minutes, volume already over 17 m stock changing hands.. sure fly today la.

Posted by Rose001 > 2024-05-06 09:47 |

Post removed.Why?

Posted by Rose001 > 2024-05-06 09:48 | Report Abuse

good one

Posted by Bernice Yap > 2024-05-06 10:55 | Report Abuse

lu

Posted by Miguel_Felix > 2024-05-06 11:02 | Report Abuse

something brewing

Posted by Ninja _07 > 2024-05-06 11:54 | Report Abuse

I smell something smoking hot...!

Posted by 8dragon > 2024-05-06 12:44 | Report Abuse

Back to square one by the end of the day...

Posted by newbie9893 > 2024-05-06 15:39 | Report Abuse

Confirmed uptread mode....TP 1.00 by the end of the year

Posted by scjm > 2024-05-06 16:24 | Report Abuse

after 2 weeks it is still within the war zone 39 to 42; could develop into a triangle pattern

Posted by pinetree88 > 2024-05-06 16:37 | Report Abuse

Got back in today 0.415. Looks gg uptrend if can close 0.415 or better.

Posted by younglean > 2024-05-06 17:52 | Report Abuse

Dnex alrdy broke the hard rock at 40 cents. Now it is back to uptrend, ha

Posted by 8dragon > 2024-05-06 18:31 | Report Abuse

Just a technical rebound to trap those who buy in today... tomorrow gone gg

Posted by Lee Ying Yee > 2024-05-06 22:01 | Report Abuse

why pp ? why done buyback ???/

Posted by willywonka > 2024-05-07 06:18 | Report Abuse

The placement price is set at 0.36 so to get the 133 Mill rm there will be issued additional 370,000,000 Shares..Now just need to see who will buy the full lot and how long they need to hold them before they can sell

On behalf of the Board, UOBKH wishes to announce that the Board had on 6 May 2024 resolved to fix the issue price for the Private Placement at RM0.36 per Placement Share.

The issue price of RM0.36 per Placement Share represents a discount of 10.00% to the 5-day volume weighted average market price of DNeX Shares up to and including 3 May 2024, being the last traded day of DNeX Shares immediately preceding the price-fixing date, of RM0.400 per DNeX Share.

This announcement is dated 6 May 2024.

Posted by willywonka > 2024-05-07 06:19 | Report Abuse

So probably a very REd day ahead today for DNEX :-(

Posted by anson938 > 2024-05-07 09:08 | Report Abuse

4-6 still intact... Might go up highest once good QR announced

Posted by ken2004 > 2024-05-07 13:27 | Report Abuse

So, this is the reason for the movement, it is just for this placement that DNEX need to be above 0.36, attractive to 10% discount which after done the subscription, will dash down back most probably if there is nothing substantial to backup the uptrend........

Posted by MayTanT > 2024-05-07 14:38 | Report Abuse

Natsuko, how? Could still buy?

Posted by Gaussian > 2024-05-07 19:54 | Report Abuse

TP RM 4-6. lol

Posted by 143922 > 2024-05-07 21:53 | Report Abuse

😀

Posted by ltw1123 > 2024-05-08 09:13 | Report Abuse

Price still holding above 40cent. Is that a good sign?

Posted by 8dragon > 2024-05-08 10:25 | Report Abuse

Will drop back to 0.38.. just be patient

Posted by anson938 > 2024-05-08 10:28 | Report Abuse

08/05/23- highest price 0.535
After a year..
08/05/24 closing price???

Posted by 143922 > 2024-05-08 12:02 | Report Abuse

Relax

Posted by ken2004 > 2024-05-08 17:12 | Report Abuse

Is the 0.36 extra share issued already? as i believe this why the price been defend above 0.40 right now else who will go and subscribe if the price crash down below that..........

Posted by ken2004 > 2024-05-08 17:13 | Report Abuse

Then we will see whether the price still be above 0.40 once this whole placement over, most probably will crash down especially if the next coming qtr below expectation again........

Posted by anson938 > 2024-05-08 18:47 | Report Abuse

Support level @ 0.405