Dagang Nexchange (DNeX) (former Time Engineering)

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DNeX and Theta Edge in two-horse race for NIISe project

By Jose Barrock

National Integrated Immigration System (NIISe) project aimed at integrating the border control system under various agencies of the Ministry of Home Affairs.

After a clarification meeting between the two companies and the government that is expected to be held this week, a contract may be awarded by end-June.

Project worth an estimated RM1 billion.

The NIISe project involves the integration of data from 13 modules of the existing border control system, including the foreign workers segment, advanced passenger screening system, facial and fingerprint biometrics, professional visit passes, passports and travel documents.

Source: The Edge Malaysia

https://theedgemalaysia.com/node/713107

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The recent pullback dragged the stock towards the 38.2% Fibonacci Retracement level.

Since then, the share price has been consolidating sideways.

Trading, however, could be choppy in the near term, but the odds should continue to favour the bulls as long as the candle stays above its recent low of MYR0.43.

Source: Maybank

https://mkefactsettd.maybank-ke.com/PDFS/392546.pdf

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DNeX sees weaker performances in IT, energy segments in 2Q

By Syafiqah Salim

Net profit of RM4.99 million for the second quarter ended June 30, 2024 (2QFY2024) on a revenue of RM298.11 million.

On a quarter-on-quarter basis, net profit dropped 65.48% from RM14.46 million in 1QFY2024, primarily due to weaker performances in the information technology (IT) and energy segments. Revenue decreased 3.79% from RM309.82 million.

Quarterly profit before tax (PBT) for the IT segment declined 98% to RM179,000 from RM9.69 million in 1QFY2024. The decrease was impacted by a net unrealised foreign exchange loss of RM5.6 million in its subsea telecom divisions due to the weakening of the rupiah against the ringgit. Revenue for the IT segment fell 24% to RM49.95 million from RM65.93 million.

The energy segment's PBT dropped 58% to RM11.99 million from RM28.39 million in 1QFY2024, while revenue declined 13% to RM91.95 million from RM105.93 million.

Source: theedgemalaysia.com

https://theedgemalaysia.com/node/724886

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DNeX partners Google to provide cloud services in Malaysia

By Syafiqah Salim

DNeX said the agreement allows the company to resell Google’s cloud solutions, including Google Cloud Platform (Public Cloud), Google Distributed Cloud — Edge (Connected), and Google Distributed Cloud — Air-gapped (Disconnected).

The deal also provides access to other advanced Google technologies such as artificial intelligence (AI), big data, and analytics.

On the other hand, DNeX has entered into a three-year memorandum of understanding with Google to explore how Google Cloud’s services and products can enhance DNeX’s AI capabilities and the technology landscape in Malaysia.

This collaboration follows Google’s earlier announcement in May to invest US$2 billion (RM8.25 billion) in establishing its first data centre and Google Cloud region in Malaysia.

The technology segment is the largest contributor, accounting for 52.4% of the group’s total revenue of RM298.11 million for the second quarter ended June 30, 2024, followed by energy (30.8%) and IT (16.8%).

Source: theedgemalaysia.com

https://theedgemalaysia.com/node/728499

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DNeX jumps 16%, most active on Bursa on news of partnership with Google Cloud

HLIB anticipated that DNeX would receive a percentage of the revenue generated from the sale of these services.

“We understand that it will only start contributing to the group from 2H25 onwards".

Source: The Star

https://www.thestar.com.my/business/bus ... ogle-cloud

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The stock has been trending downward since Jun 2024.

That said, we believe this downward trend is about to reverse.

The share price gapped up yesterday, taking out the 30-day SMA along the way.

If the candle can swing past the 50-day and 200-day SMAs, we believe a stronger rebound will be underway.

Source: Maybank

https://mkefactsettd.maybank-ke.com/PDFS/408623.pdf

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Dnex actively pursuing more producing assets

Source: The Star

https://www.thestar.com.my/business/bus ... ing-assets

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Dnex partners Gamuda to distribute Google Cloud solutions

According to Dnex, the 50:50 collaboration will include the procurement of GDC hardware, customised Artificial Intelligence solutions, applications development, ongoing client support, data migration and infrastructure maintenance.

According to the statement, the JV will be the sole provider for GDC services in Malaysia.

Source: The Star

https://www.thestar.com.my/business/bus ... -solutions

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3Q Results

Revenue: RM 263m
EPS: 0.26; RM 9.1m
Net Asset: 0.51

https://www.bursamalaysia.com/market_in ... id=3504071