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DNEX trade ideas

DNEX go to E then W1 DNeX’s SilTerra signs US$400 million agreement with ChipOne Cyberjaya, 4 August 2021 – Dagang NeXchange Berhad (“DNeX”), through business unit SilTerra Malaysia Sdn Bhd, has entered into a wafer supply and purchase agreement worth US$400 million with ChipOne Technology (Beijing) Co Ltd, a leading driver integrated circuit (“IC”), touch controller and fingerprint sensor fabless integrated circuit design house based in Beijing, China. Under the multi-year agreement, SilTerra will supply wafers which are used in the production of semiconductor devices to ChipOne. Both companies will work closely on product development and mass production based on SilTerra’s state-of-the-art Bipolar-CMOS-DMOS (“BCD”) technology. CMOS refers to Complementary Metal Oxide Semiconductor while DMOS refers to Double Diffused Metal Oxide Semiconductor. BCD technology is one of the key building blocks of SilTerra’s Smart Power Technology platform developed to deliver optimum energy efficient products based on proven mature process technology, intellectual property and design kits. “We are pleased for SilTerra to enter into this agreement with one of the leading semiconductor chip design companies in China. This also shows the commitment of the new shareholders of SilTerra in transforming the company through driving sustainable business,” said Tan Sri Syed Zainal Abidin Syed Mohamed Tahir, Group Managing Director of DNeX and also Executive Chairman of SilTerra. He said the agreement will also see SilTerra having a guaranteed wafer base load for the next several years and ensure a high factory utilisation rate for the company going forward. “IC designers are striving to deliver energy efficient products, and this is aligned to strategies towards energy conservation and sustainability. As such, they look to adopt the smart power design techniques as well as advanced power technologies to meet this objective,” he said. He added that with SilTerra will be leveraging on its proven process technology, foundry design kits and intellectual property to deliver optimum energy efficient products. DNeX recently completed the acquisition of 60 per cent equity interest in SilTerra Malaysia Sdn Bhd (“SilTerra”) from Khazanah Nasional Berhad. DNeX is now is the majority shareholder of SilTerra. Together with its partner, Beijing Integrated Circuit Advanced Manufacturing and High-End Equipment Equity Investment Fund Center (Limited Partnership) (“CGP Fund”), DNeX expects to transform SilTerra into a competitive global semiconductor technology player that will be able to capitalise on the strong demand for semiconductor chips globally.
MYX:DNEXLong
by JudasVespasian
Dagang Exchange (DNEX) Bursa MalaysiaHey there. This stock has been on my radar since 2 weeks ago. On the weekly chart, we might have a nice bullish engulfing closing for the day. On the Daily, there is a nice rally which indicates that the "big player" is ready. I have entered my position at 0.745 today, and I am looking at 3 to 4 weeks of holding this stock with a good 20% return. Bear in mind, that the structure of the market will create a reversal before it continues to go up. Good Luck!
MYX:DNEXLong
by AMianz
Basis Idea of Trailing ResistanceThe basis idea of Trailing Resistance Idea is... Everytime the stock price goes/closes lower than the day before, we draw a line either at the opening price of the bearish candle or at the closing price of the bearish candle... Once we have drawn the line, whenever the stock price crosses up the line, we can consider it a valid reversal/a buy signal.. BUT, beware of the bull trap. "Trailing Resistance Indicator helps us to plot/map these resistance lines automatically everytime the stock price goes down."
MYX:DNEX
by nabilulfikriothaman
DNEX: remain a BUY as long as price stay above 20maTechnically price of DNEX break above the 20ma, the level 0.72 is currently a support level. DNEX will remain a buy as long as the price remain above 20ma with a strong momentum buy shown by RSI (above 50). Looking at ICHIMOKU, this indicator suggest a possible resistance at level 0.81 price this morning last traded at 0.75, down by 0.02, at current level in between 0.77 closing price yesterday and the support of 0.72 could be a good entry level for this stock.
MYX:DNEX
by zulnureen
DNEX: A possible reversal, may be.looking at this stock, there is a possibility that it might stage a reversal, may be since the price currently trying to break the 20ma line. but, the momentum buy still low, and there is a possibility that the existing buyer turn seller to cut loss position. the best strategy to make profit on this stock is to wait further for confirmation on RSI and when price is already well above the 20ma line. it will need your patience but, it worth to wait rather than to gamble away your hard earn money.
MYX:DNEX
by zulnureen