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Business 08 Sep 2015 | 12:00 AM Premium

Dagang Nexchange buys 30% in Ping Petroleum

PETALING JAYA: E-commerce service provider Dagang Nexchange Bhd (DNeX) is acquiring 30% in Bermuda-incorporated Ping Petroleum Ltd, an independent company that deals in shallow water offshore production, for US$10mil (RM43.36mil).

Business 15 Mar 2019 | 12:39 AM Premium

DNeX expects earnings to recover in FY19

KUALA LUMPUR: Dagang NeXchange (DNeX) expects earnings to recover in FY19F, driven by higher portable container system (PCS) project and an increase in crude oil production at Ping Petroleum.

Business 16 Mar 2018 | 12:51 AM Premium

CIMB Research upbeat on Dagang NeXchange outlook

KUALA LUMPUR: CIMB Equities Research is upbeat on Dagang NeXchange’s (DNeX) outlook for FY18, driven by potential new earnings from Genaxis and projected stronger earnings delivery by OGPC and Ping Petroleum.

Business 21 Jun 2018 | 2:03 AM Premium

DNeX shares rise 3.6% on securing UK’s North Sea licenses

KUALA LUMPUR: Dagang NeXchange Bhd’s (DNeX) shares were trading higher in early trade after its associate company, Ping Petroleum Ltd received two licences in UK’s North Sea.

Business 23 Jun 2017 | 12:01 AM Premium

CIMB Research starts coverage of Dagang NeXchange with Add rating

KUALA LUMPUR: CIMB Equities Research has initiated coverage of Dagang NeXchange (DNeX) with an Add rating and sum-of-parts (SOP) based target price of 72 sen.