PETALING JAYA: Despite recording its lowest net profit in three years, Dagang Nexchange Bhd (Dnex) remains optimistic about its future prospects backed by the global semiconductor market recovery, favourable oil prices and potential strategic collaborations. “Simultaneously, our substantial investment in the development of micro-electromechanical systems and silicon photonics is poised to yield positive results in the near future. Dnex said it anticipates Brent crude oil price will average US$82 per barrel in 2024 and US$79 per barrel in 2025. “Given our status as a low-cost operator, profitability remains feasible as long as crude oil prices remain above US$60 per barrel,” it added. He stated that this will concurrently position Dnex as an international player in IT and open doors to even more “blue ocean” opportunities ahead.

Source: The Star May 03, 2024 02:36 UTC