@ken sometimes we can be rational, but we also have to respect the market. You're right, DNEX came down so low for good reasons, and other reasons...with the benefit of hindsight now you know that was to flush out many shareholders
You're thinking along the line of current performance, or a bleak future performance. The market price movement is suggesting there's something that we dont know yet that could be happening imminently
Dont get me wrong...not suggesting it is fundamentally very good or undervalued or whatever...DNEX is for speculators and that's what it is. From a speculative pov, technically it still looks very good.
Example, there is noise on getting NISSE, so did this already price in on the future earning on the current price, maybe a little, so if DNEX don get, then the price will crash down or anymore future earning charge on current price movement.......
Or maybe just bcs of the PP, so die die also they have to make the price up and then after PP will need to see how...........with no news, no real contract, not able to sustain long the movement.........
The QTR factor already gone, as previously i was thinking maybe the qtr is impressive to move the price but now it is just better than in red, nothing impressive.......
"DNeX currently provides end-to-end subsea and marine engineering services for all types of submarine cables through its submarine cable laying and repair asset CS DNeX Pacific Link. The vessel is equipped with state-of-the-art effective and stable dynamic positioning capability, classified as DP2, to ensure the accuracy of the vessel’s position.
With an accommodation capacity of 58 people, a service speed of nine knots and an endurance of 50 days, the vessel is rightly abled to carry out cable laying as well as repair and maintenance of submarine cables."
We refer to the Company’s announcement on 17 May 2022. Unless otherwise stated, the definitions and terms used herein shall have the same meaning as defined in the previous announcement. The Company wishes to inform that DNeX and Big Innovation Holdings Limited (“BIH”) is still in the midst of discussion on the structure of a proposed joint venture to build and operate a new 12-inch wafer fabrication plant in Malaysia, capable of producing up to 40,000 wafers per month in the 28-nanometer and 40-nanometer technology. In view of the above, DNeX and BIH have mutually agreed to extend the duration of the Memorandum of Understanding for a further period of one (1) year until 16 May 2024.
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....
UncleFollower
1,637 posts
Posted by UncleFollower > 2024-05-28 14:52 | Report Abuse
My KSL down 3%, DNEX down 1%...look at their respective QR lol