Gilazilla

DNEX 13/12/2020

Long
MYX:DNEX   DAGANG NEXCHANGE BERHAD
Simple Analysis

1. Trending upward
2. Healthy daily volume


Background

1. DNEX has also involvement in O&G , with UKOIL ( Oil ) ~USD50. O&G counters are bullish
2. Possible involvement in deal to takeover Silterra (semiconductor) with China counterpart. With the US-China Trade war, semiconductor wafer industry is a critical sector. Silterra is considered as a important national security asset as Khazanah as spent so billions and would want it to stay in Malaysian hands holding majority stake. DNEX is a bumi majority-owned company with good turnaround track record.
3. Private placement has already happened.

Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Trade closed: target reached: 1. DNEX won the SIlterra bid over Greenpacket.
2. DNEX bought over a majority stake over PING petroleum that operate field at Europe. Ping petroleum collaborates with HIBISCUS over the ANASURIA field.
3. DNEX goes up ~25% 2 times, doubling the prices to x2 and huge volume and value transacted.
4. Plan to hold a small portion, see how far it goes.
5. Almost limit up on CNY year 2021 and 1st place in volume.

Huat ah Heng ah Ong ah!!

Happy GOLDEN BULLISH YEAR 2021