CIMB Equities Research is retaining its add call for Dagang NeXchange (DNex) but with a lower target price (TP) of 53 sen.
PETALING JAYA: Dagang Nexchange Bhd
(DNeX) has bagged two contracts for cable repair works in the Philippines and Indonesia totalling US$2.78mil (RM11.54mil).
In separate filings with Bursa Malaysia yesterday, DNeX said its 51%-owned subsidiary DNeX Telco Services Sdn Bhd, had accepted the award from Indonesian submarine cable system services provider Pt Bina Nusantara Perkasa to carry out the works for cable ship KDDI Pacific Link.
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