DNEX 13/12/2020Simple 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
