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@Kim Hock Goh, this has nothing to do with stupidity. Its an opportunity. A new market. E&O doesnt have to worry about BNM OPR or US Fed ineterest rate policy or any increase / hike in interest rates. Also, this shows E&O have a lot of cash and able to guarantee they can payback. And, this put E&O on a strong footing.
There are many requirements any company needs to get syariah complaint certification. Other than no company involve forbidden things like alcohol, gambling, E&O has to show that their Debt to Asset ratio is lower or as the same as 0.33 or their total debt is below 33% of the Total Assets. E&O already a Syariah compliant last year. This means they do no gain income from selling alcohol or gambling in their business. They have Total Debts which disqualify them from getting Syariah status. Now, all they need to do is, they withdraw their sukuk if they need money to expand their business or develop lands e.g. Bukit Kerayong and prime land locations in Kuala Lumpur e.g. Jalan Kia Peng. When their use sukuk instead of bank loans, E&O actually let those who buys E&O sukuk to become E&O's partner. KWAP/EPF see E&O as not a company like Heneiken or Genting or RGT or YTL.
At this price, its a bargain. Watch closely. If there's still selling, ask for lower price. Buy when buying starts again. At the moment, its Sell on News thing. It will take a day or two when market realised CTOS might have found their way through.
@Por Gmail, There is some new strategic initiatives launched by the COMPANY. Lets see where it will take the COMPANY from here. Some of us are strategic investors. We dont give attention to these kind of remarks.
This time it will be different, I think. DNeX will continue trading at elevated price. Someone out there knows something we dont.
1 Silterra. Silicon Photonics. New technology. Copper replacement. Premium product. MEGATREND. Their books show Silterra is about to contribute significantly to DNeX in coming quarters.
2 Oil & Gas segment. Recent acquisition on some stakes in TI EP, Terengganu state owned Exploration & Production company. DNeX & Ping Pet has rights on Abu cluster --> First Oil in 2HQY26. Chartered FPSO with Duta Marine back in 2024. Then there are other clusters e.g. Beta, Meranti & A cluster in Sarawak. 2P reserves proven.
3 Financial support. Sukuk + Ms Vinie Chong, shes cute. Single. Very Intelligent. Has CFA, CPA and MIA. Whenever a company appoints someone with her calibre as GCEO, the company intend to tightening their book-keeping & finance matters.
We have been waiting for this for a very long time. And we dont mind waiting.
