DNeX Sees Revenue Stream Spread Across Three Core Segments

Dagang NeXchange Berhad said it is actively diversifying its customer base and revenue streams across its three core business segments of Technology, Energy and Information Technology.

Speaking at the Annual General Meeting Tan Sri Syed Zainal Abidin Syed Mohamed Tahir Jamalullail, Executive Chairman of DNeX said the group has significantly broadened its customer base and scaled up its operations across three core business segments. In the Technology segment, the Group has onboarded several new customers in emerging fields such as artificial intelligence (“AI”), health science and electric vehicle (“EV”) sectors. Product testing and qualifications with customers are on-going, and we anticipate higher manufacturing volumes upon completion. Following a 20 percent capacity expansion that was completed in 2023, the group is well-positioned for the upcoming industry upcycle.

The Group said it is also exploring opportunities in the recently launched National Semiconductor Strategy notably in grants and subsidies for establishing new manufacturing and R&D facilities.

In the Energy segment, the group now boasts a geographically diverse late-life O&G portfolio, including assets in the UK (Anasuria, Avalon, and Fyne) and Malaysia (Meranti Cluster, A Cluster, and Abu Cluster). In addition, efforts are underway to upgrade the Kemaman Supply Base workshop to enhance service offerings and broaden capabilities in the downstream sector.

For the IT division segment, DNeX is positioning itself as a key player in supporting the Government’s digital transformation agenda.

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