Re: Dagang Nexchange (DNeX) (former Time Engineering)
Posted: Wed Dec 27, 2017 6:59 pm
not vested
DAGANG NEXCHANGE BHD
Target Price: 74 sen
DAGANG Nexchange (DNeX) is expected to stage better performance in 2018 following its National Single Window (NSW) concession extension and better prospects for its oil unit OGPC Sdn Bhd and associate Ping Petroleum Ltd.
On that note, CIMB Research raised its earnings per share (EPS) forecast for DNeX for 2018-2019 by 2.9% to 4.4% to reflect the extension of its NSW concession.
Overall, CIMB projected DNeX to record a robust 2016-2019 net profit compounded annual growth rate of 18%.
It maintained add for DNeX, with an unchanged sum-of-parts-based target price of 74 sen.
Source: CIMB Research
DAGANG NEXCHANGE BHD
Target Price: 74 sen
DAGANG Nexchange (DNeX) is expected to stage better performance in 2018 following its National Single Window (NSW) concession extension and better prospects for its oil unit OGPC Sdn Bhd and associate Ping Petroleum Ltd.
On that note, CIMB Research raised its earnings per share (EPS) forecast for DNeX for 2018-2019 by 2.9% to 4.4% to reflect the extension of its NSW concession.
Overall, CIMB projected DNeX to record a robust 2016-2019 net profit compounded annual growth rate of 18%.
It maintained add for DNeX, with an unchanged sum-of-parts-based target price of 74 sen.
Source: CIMB Research