Actually I don't see any reason for the price up to even sustain as there is no indication of any great profit ahead. The gov contract will never be them as HeiTech Padu too strong and with experiece, worst they are existing contractor, so many advantage......
The cake has to be divided among especially the bumiputra GLC. HeiTech has been awarded RM190 million JPJ contract. What is the chance for other participants like Theta and DNeX. There is always chances as long as it is not finalized.
if oil really bring so much profit to DNEX, it is already flying, NIIS also not much factor in to flying as the rest in great chances already flying, so I won't believe anyone betting on this two factor. So, finally till NIIS really announce is DNEX only will fly as right now no one is betting for DNEX to get..........this is why I cannot see why DNEX is going uptrend especially no one optimistic on their next qtr earning which might still be in red.........
sure..that's why we stick to this company.. oil price will naik to USD$ 100 !...if war escalate. beside that, this company does not rely on foreign export/import business, except OIL.
If iran attacks israel with all its might,usa will be forced to engage. The great uncertainties in the coming weeks favours oil.Once a few oil storage facilities come under fire,usd 100 is a sure bet.
look at Hibiscus counter going up the minutes isr4el fire missile to Iran.. .. if war escalate.. oil naik.. if no war.. price also naik back to normal.
Lol, since when DNEX will have oil impact for real, as if oil impact is there, those so called oil stock already flying high, since when is DNEX turn to claim superiority on oil impact, DNEX is more on their wafer impact which till now nowhere to see of the come back of the glorious day before this in 2021/2022.........
Meranti block in msia will draw first oil in 2024.How nice when oil is marching towards usd100.A cluster will draw first oil in 2027.North sea new blocks 2026.
Cyberjaya, 29 February 2024 – Dagang NeXchange Berhad (“DNeX”) has announced its financial results for the sixth quarter (“6Q FY2023”) and 18-month period ended 31 December 2023 (“18M FY2023”).
In 6Q FY2023, the Group reported a revenue of RM283.7 million and a loss after tax and non-controlling interest (“net loss”) of RM14.6 million. During the quarter, DNeX’s Technology division remained as the major revenue contributor, accounting for RM145.4 million or 51 per cent of total revenue, as compared to RM157.2 million recorded in the previous quarter (“5Q FY2023”). The softer performance was mainly due to weaker volume of wafer shipments.
Contributions from the Energy and Information Technology (“IT”) divisions stood at 34 per cent and 14 per cent respectively. The Energy division posted RM97.2 million in revenue from RM114.8 million recorded in 5Q FY2023, due to lower average oil prices of USD81.9 per barrel as compared to USD97.2 per barrel in 5Q FY2023. The IT division generated revenue of RM41.1 million, against RM55.5 million in the previous quarter, in tandem with completion and progressive work done of certain projects.
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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....
Mixologist
100 posts
Posted by Mixologist > 2024-04-16 09:40 | Report Abuse
Nice rug pull