hari2 fake breakout, and real DIP. the process of shaking off bilis - replacing with whale bottom collection. shake shake shake...collect collect collect... haiyo..so obvious from TA.
DNeX has fallen further by 20% since our last downgrade, which citied management’s lack of competency to execute.
As an update based on channel checks, we believe that management’s divided attention to several segments and further diversification into non-core business such as Ping Petroleum and unproven software IT solutions to be a move that lacks foresight.
Based on our view, the only way for DNeX’s share price to improve leap and bounds is a combination of: 1. Foxconn buyout of management 2. Full Divestment of Ping 3. Focus on Silterra 4. Cut loss on non profitable IT projects
Specialist of averaging down do not fear share price going down, instead welcomes it. These specialist is very dependent on those buying high and dumping low geniuses. We embrace the DIP. YEAHHH
Owning to management’s lack of focus, we believe DNeX’s true value cannot be realised if the current management team stays at helm.
#1 While we sympathise with the war situation over the Israel-Palestine conflict, we see that Executive Chairmain, Syed Zainal Tahir’s consistent sharing of stories (including graphic images) on a social media platform may result in shareholders perceiving him to be more focused on his personal agenda than crucial matters at DNeX.
#2 Current management team is not able to fully realise value of all assets. Its crown jewel SilTerra, while possessing a large pool of talent, may not be guided in the right direction due to lack of focus by the management
#3 Management ignores real matters such as execution excellence, appears to dwell in trivial matters that do not add value.
Executive Chairman via his social media app Instagram (syedzainalsmt) persistently stories on Israel-Palestine conflict, including graphic images and videos. While the situation in Middle East is unfortunate and we sympathise equally, posting persistent stories during working hours gives the perception that he does not prioritise his duties in DNeX, as proven by dwindling profits and massive drop in share price.
Most executive directors of listed companies treats their companies as their life blood. It has become visibly clear that executive chairman of the company does not prioritise the company as his first priority.
This situation is unfortunate as the company is blessed with valuable assets from shareholders funds, but managed by executives that lacks priorities and focus
DNEX is attractive to bargain at current levels above crucial support from the 30/5/23 low (37sen), for rebound upside to the 100-day ma (43sen) and 200-day ma (47sen), with tougher hurdles seen at 53sen and the 76.4%FR (59sen).
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....
1pingpong
759 posts
Posted by 1pingpong > 2023-12-12 10:31 | Report Abuse
marvelous. Averaging Down Champion.