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Dnex price will go steadily up and will shot up drastically, waiting for news on:-
1. Good QR report,
2. Contribution from Silterra for Semicon supply,
3. Contribution from Ping for oil,
4. EPF buying in,
5. Further investment from Foxconn.
DNex subsidiary, SiITerra recently announced it has entered mass production for it's 180nm Bipolar-CMOS-DMOS
("BCD") automotive grade process technology.
This smart technology IC chip is the first in the world to be a 180nm 8 inch Grade O process.
With global adoption of electric vehicles, SiITerra new mass production IC chip is in enormous demand.
My logic, Silterra sold to DNex eventhough at lower price to DNex versus Foxconn's offer of higher price as Foxconn is a foreign company.
So now DNex have taken over Silterra, either EPF or Kazannah or other GLC need to buy a bigger stack in DNex to keep DNex to be of Malaysian ownership.
@Mohd, report in Mac2021 EPF shareholding in DNex was 30 mil shares. Yesterday's report shows 40 mil shares. So increase of 10 mil shares. I think EPF will increase their share holding in DNex due to:-
1. DNex will be very profitable starting from QR ending Sept 2021. Hopefully will consider giving dividend then.
2. Silterra is a big investment from Malaysian Govt and sold to DNex at a good discounted price, it will only make sense for the GLC to hold more stock in Silterra via DNex.