Dagang NeXchange Berhad
MMYX:DNEX0.42
MYR
-0.01
(-3.49%)
Dagang NeXchange Berhad
MYX:DNEX
(Bursa Malaysia)
Recent
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0.42
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div
yld
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ROIC.AI
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- Business
- Dagang NeXchange Berhad (DNeX) is a Malaysia-based investment holding company focused on technology-driven solutions across semiconductor manufacturing, energy services, and information technology sectors. Established in 1970 and headquartered in Cyberjaya, Selangor, the company operates as a multinational entity with presence in Malaysia, Indonesia, Taiwan, China, and the United Kingdom; it maintains key facilities in locations such as Johor Bharu, Kemaman, Kulim, and international hubs like Jakarta and Hsin-Chu. DNeX offers a diverse portfolio of core products and services, including semiconductor wafer manufacturing and integrated device supply through its subsidiary SilTerra Malaysia Sdn Bhd, which serves multinational fabless and integrated device manufacturers with radio-frequency technologies; upstream oil and gas exploration, production, and brownfield redevelopment in shallow water offshore fields, alongside equipment supply, maintenance, subsea cable installation, and power plant-related engineering services; and information technology solutions encompassing business-to-government (B2G) e-commerce platforms for trade facilitation, digital trade and logistics ecosystems with cloud-based cross-border services, custom declarations, payments, IT project management from design to commissioning, cyber security, AI-driven platforms, system integration, consultancy, hardware supply, installation, testing, maintenance, and online marketplaces. In the technology segment, DNeX emphasizes semiconductor research, development, design, trading, and advanced product sales including solid-state drives, alongside training and consulting; its energy operations target international clientele with technical support and oilfield services. The IT and eServices division drives trade facilitation through Dagang Net Digital Platform, providing end-to-end innovative services for customs, logistics, and B2B eCommerce portals, while also handling beverages trading and technical support for eBusiness. DNeX lists on the Main Board of Bursa Malaysia under ticker 4456.KL and derives recurring revenue from manufacturing contracts and digital ecosystems, serving government, enterprise, and industry clients globally. Recent strategic developments include the 2024 joint venture with Gamuda Berhad to deliver air-gapped Google Distributed Cloud (GDC) sovereign cloud services, enhancing AI-powered automation, security, and cloud infrastructure for Malaysia's digital transformation; partnerships with Google Cloud to bolster cloud computing and AI solutions; and continued focus on SilTerra turnaround post its 2021 acquisition for RM273 million in partnership with CGP Fund, aiming to boost factory utilization, shift to higher-margin products, integrate new technologies, and access global markets amid semiconductor demand growth. These initiatives reduce reliance on trade facilitation, expand digital offerings, and position DNeX for resilient growth in cloud, AI, and energy sectors, with ongoing exploration of acquisitions and alliances in upstream oil and gas. The company reported stronger earnings in recent quarters, reflecting operational enhancements amid market challenges.