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Dear Sir, if you have time, pls read Jack Wong comments. He provided in great details what DNeX do for business. I like the word that Jack Wong uses, 'DNeX is a Money generator', if i remember correctly.
DNeX is an investment arm. As a company, DNeX dont have revenue.
But as a group, DNeX invests and has become partners with several companies. I will explain in short below.
1. Manufacturing. Any company can manufacture. Assemblers are the easiest. So there are many companies like this e.g. Greatec, Genetec, Dufu, VS, Inari, ATAIMS and etc. These companies are labour extensive companies. Some have on going issues with US CBP on the use of foreign labour.
DNeX produces a commodity use in making Integrated circuits, chips and etc. Its a high tech and niche business. Not everyone can do. DNeX is supported technically with making 200mm wafer mask layer from a Beijing Institute. One wafer average selling price is USD500 with 10% yearly growth. They have long term contracts with a PRC company and a Taiwanese company.
SilTerra which own by DNeX has 6mil production capacity and DNeX already invest to add SilTerra production to 10mil per year. Next;
2. Recession proof products. Crude oil. DNeX bought stakes in a upstream Oil & Gas Operating Company, PING Petroluem. PING Pet is currently producing crude oil in North Sea, UK. They bought several blocks there. One of them currently producing oil is an oilfield called Anasuria. Anasuria oilfield produces 6000 barrels per day. PING Pet have 50-50 shares with another Malaysian but International company by the name of Hibiscs. Crude oil in June last year at the time of acquisition was only USD65.
Compared to USD130boe.
3. IT service provider. DNeX also has subsidiaries which provides online platform for application of import/export/approval of permits called EDagang or DagangNet. Import/Export in January alone was around MYR110bil. We roughly estimates DNex charge only 0.1%.
Mitigation.
1. Wafer. No raw materials were used from Russia according to Joanne Tan. You can find Joanne's comment here. I confirmed her findings.
2. Dependancy on US market. Low. EV demand on the rise. Chip shortage is high.
3. Hotspots. Conflicts. Crude oil price jumped and short of supply due to embargo and etc.