Technical Focus – DNEX
Engages in the provision of IT & eServices, oilfield services and subsea telco services with established presence in Malaysia, Thailand, Indonesia, Bangladesh and United Kingdom. Growth trajectory will be underpinned by the acquisition of 60.0% equity stake in SilTerra Malaysia Sdn Bhd with wafer fabrication utilisation rate expected to tower above 90.0%, supported by current backlog orders stretching to 2Q22. Recent completed acquisition of an additional 60.0% equity stake in Ping Petroleum Ltd (Ping) deem to be timely, riding onto the firmer crude oil prices. Technically, price has formed a flag-formation breakout above RM0.725, targeting the next resistances at RM0.81-0.855 with long term target at RM0.935.