DNEX : ROAD TO ALL TIME HIGH WITH PP TAKERS
Cant wait for coming weeks and month full of suprises by DNEX. Uprising DNEX price seems to be around the corner. Amid nation lockdown, bursa still open and more to for us to do some analysis and invest in the right stocks.
Lets recap and update from last posting.
Ping Petroleum
DNEX acquiring another 60% of making profit PING PETROLEUM making controlling interest increase to 90%
https://www.theedgemarkets.com/article/dnex-acquire-additional-60-ping-petroleum-us78m
https://themalaysianreserve.com/2021/01/25/dnex-invests-rm314-3m-in-upstream-og-business/
Update as to date:
Waiting for PP to be taken.
https://www.theedgemarkets.com/article/dnex-seeks-raise-rm64196-mil-private-placement
Cable job in Indonesia with valuation of rm200 to rm250 mil
https://www.theedgemarkets.com/article/dnex-inks-consortium-agreement-maintain-submarine-cables-indonesia
Update as to date:
signed an agreement worth RM63mil with PT Infrastruktur Telekomunikasi Indonesia (TelkomInfra) to supply installation and maintenance support services of submarine cable communications system.
RM63mil yearly with option 3 years period. totalling RM189mil
https://www.thestar.com.my/business/business-news/2021/05/19/dnex-inks-rm63mil-deal-with-indonesias-telkominfra
Silterra
expectedly news to be out by end of january
https://www.theedgemarkets.com/article/dnex-has-until-endjanuary-win-silterra
https://www.thestar.com.my/business/business-news/2021/01/22/bidders-explain-role-in-silterra-sale-saga
https://www.klsescreener.com/v2/announcements/view/3296739
Update as to date:
Waiting for PP to be taken.
https://www.theedgemarkets.com/article/dnex-seeks-raise-rm64196-mil-private-placement
NIiS
No specific information regarding DNEX but potentially win due to all company working in consortium among them actually linking to S5 System Sdn Bhd which Prime Minister mahyuddin related company. therefore who win PM win.
Update as to date:
IRIS win contract
NSW
Update as to date:
received approval on the contract extension for the National Single Window (NSW) for Trade Facilitation from the government.
In a statement today, DNeX said the extension was for three years from September 1, 2021 until August 31, 2024
https://www.nst.com.my/business/2021/03/672909/dnex-gets-extension-rm90mil-year-nsw-trade-facilitation-contract
Okay now lets narrow a bit on PP issued by DNEX
Who might be the luckiest candidate for the taker?
FOXCONN(high chances)
Rumoured FOXCONN keen to grab 30% stake in DNEX
Foxconn Technology Group is in talks to buy a stake in Malaysian technology firm Dagang Nexchange Bhd (DNeX), according to people familiar with the matter, after losing to it in bidding for a semiconductor company.
https://www.thestar.com.my/business/business-news/2021/05/28/foxconn-in-talks-to-buy-stake-in-chipmaker-dnex
DATASONIC
rumoured Datasonic perhaps interest (small chances)
newly issued PP tend to be used to support upcoming business opportunity and Datasonic kent to fund in semicon business.
KHAZANAH NASIONAL (small chances)
Khazanah is said to used payment from Silterra acquisition to fund DNEX.
This is so far candidate as collective will empower DNEX future development.
From how i see, candidate should be the who can be long term partner and utilization business connection in order to grow. if anyone joined last meeting, Datuk Seri CEO got mention requirement of partner for pp taker must be beneficial and one of it is strong business network.
Therefore most likely FOXCONN to take PP is favourable since strong financial and network plays important role for company to compete with big league.
QUESTION IS WHOS GOING TO WIN THE RACE?
https://klse.i3investor.com/blogs/tuancapital_opinion/2021-06-01-story-h1565987780-DNEX_ROAD_TO_ALL_TIME_HIGH_WITH_PP_TAKERS.jsp
