Additionally, UOB Kay Hian and Kenanga Investment Bank each published a one-off report on DNeX. No. Date Research House Title of report Analyst Call Target Price 25. 2 August 2022 UOB Kay Hian New Economy Conference Highlights Not Rated Not Applicable 26. 16 June 2023 Kenanga Investment Bank On Our Technical Watch Technical Buy Not Applicable The average target price and recommendation suggested by the primary research houses covering DNeX during FY2023 are disclosed below: Research Houses Average Target Price and Recommendation HLIB RM0.95 (BUY) BIMB RM0.69 (BUY) CGS-CIMB RM1.19 (BUY) No. Date Research House Title of report Analyst Call Target Price 8. 18 January 2023 BIMB Securities Sdn Bhd Awarded 2 PSCs from Petronas Buy RM0.77 9. 18 January 2023 Hong Leong Investment Bank Berhad Secures Two E&P contracts with Petronas Buy RM0.93 10. 20 February 2023 CGS-CIMB Securities Sdn Bhd Hit By Higher Tax Provision in 2QFY23 Add RM0.90 11. 21 February 2023 BIMB Securities Sdn Bhd Temporary Setback in Wafer Shipments Buy RM0.77 12. 21 February 2023 Hong Leong Investment Bank Berhad The Worst Could Be Over Buy RM1.03 13. 27 March 2023 Hong Leong Investment Bank Berhad To Be Part Of Saudi Arabia’s 2030 Grand Plan Buy RM1.03 14. 30 May 2023 BIMB Securities Sdn Bhd Recovery is Taking a Little Bit Longer Buy RM0.73 15. 30 May 2023 Hong Leong Investment Bank Berhad Headline Sees Red Buy RM0.80 16. 29 August 2023 BIMB Securities Sdn Bhd Uninspiring Result Amidst Near Term Headwinds Buy RM0.58 17. 29 August 2023 Hong Leong Investment Bank Berhad Dragged by Lower Lifting Volumes Buy RM0.72 18. 4 September 2023 Hong Leong Investment Bank Berhad A Farm-In Agreement with Rapid Oil in UK Neutral RM0.72 19. 14 September 2023 Hong Leong Investment Bank Berhad Placement of up to 10% in New Shares Buy RM0.72 20. 24 October 2023 Hong Leong Investment Bank Berhad Forming Alliance for Smart City Venture Buy RM0.71 21. 28 November 2023 BIMB Securities Sdn Bhd SilTerra’s Recovery Gaining Momentum Buy RM0.58 22. 28 November 2023 Hong Leong Investment Bank Berhad SilTerra turns EBITDA positive Buy RM0.62 23. 1 March 2024 BIMB Securities Sdn Bhd Stalled Recovery in Wafer Shipment Buy RM0.58 24. 1 March 2024 Hong Leong Investment Bank Berhad Widening Losses from SilTerra Hold RM0.38 Integrated Report 2023 79
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