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DMX Tech
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rogue_trader
Master |
21-Dec-2006 01:51
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I normally "trade" the opposite (through CFD) when DBSV announce any "BUY" or "HOLD". For Westcomb, they are like 50-50 accurate. |
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TONY8888
Member |
20-Dec-2006 16:54
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Just 2 days ago on 18 Dec, DBSV issued TOP Buy recommendation on DMX - its price then was $0.665, target price of $1.08. Now we see why seasoned investors read between the lines on analysts' recommendation. |
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redder
Member |
20-Dec-2006 14:03
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DMX post profit warning this morning. http://asia.news.yahoo.com/061220/3/2unlk.html |
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amazon777
Member |
20-Dec-2006 12:46
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Can buy into DMX? It is at its 52 weeks low now at $0.59 |
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singaporegal
Supreme |
16-Nov-2006 15:40
Yells: "Female TA nut" |
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I think its on a downtrend... be cautious |
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wait4opp
Veteran |
16-Nov-2006 14:30
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Big boy is fighting here, huge buying and selling this few day... Any comments on this counter? |
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wait4opp
Veteran |
15-Nov-2006 09:52
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DBS Group Research on 13 Nov 06 DMX Technologies Back on track with good results �� Story: DMX reported net profit up 13% q-o-q and 23% y-o-y to S$4.9m, above our estimate of S$4.5m. High receivable days at 185 days compared to 163 days in 1H06, however, are a cause of concern for us. �� Point: China is expected to be the most important market for DMX, having contributed 68% of total business in 9M06. DMX should benefit much from a fast growing broadband and digital TV market in China and South-east Asia. �� Relevance: We have revised FY06 and FY07 earnings by 6% and 5% respectively. Maintain BUY at our DCF based (WACC 14% and terminal growth 1%) 1-year target price of S$1.08 that translates to 13x FY07 PE. Stable net margins but higher AR days. Net profit increased 23% y-o-y to S$4.9m on account of an 18% growth in revenues and a mere 8% in operating expenses. This despite gross margins going down by 1.7 percentage points to 25.9%. DMX efficiently managed its operating costs well and net margins have stabilized around 11.6% in the last four quarters. On the other hand, receivable days climbed up from 180 days last year to 185 days for nine months of 2006. For comparisons, AR days way 163 days for 1H06. Although management says that they have made appropriate provisions for doubtful debts, high AR days continue to weaken the cash flow and DMX needs to focus on bringing these down. Broadband and digital TV - twin engines of growth. China is the most important market for DMX and continues to grow very fast. According to Gartner Dataquest?s forecasts, China will add over 20m broadband lines on top of the existing 45m lines in another three years. However, DMX is facing increasing price competition in the broadband infrastructure segment. Hence, it is investing aggressively in software solutions to differentiate itself and command a price-premium in the market. DMX is also working with both cable TV operators and TV broadcasters on digital TV and telecom operators for IPTV on a single solution that can target all these players. Apart from China, growth is also expected to come from Korea, Indonesia and Malaysia. Earnings revised upwards. We expect DMX to meet its guidance of 30% y-o-y growth in earnings for FY06, as DMX expects to secure some new projects in Korea and Indonesia that should contribute to the earnings in 4Q06. We have revised our earnings upwards by 6% and 5% for FY06 and FY07 respectively on account of better earning performance with Digital Fixed Media segment as the top driver. However, increased working capital in receivables and higher capex spending in buying software solutions should dilute some of the increase in cash flow. |
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rogue_trader
Master |
15-Nov-2006 01:34
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According to TA, this counter is either flat or downtrending. |
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wait4opp
Veteran |
14-Nov-2006 19:07
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What happen to this stock recently ? It used to be up and down together with Datacraft....But recently they are in the opposite direction ??? Moreover their recent report is positive ......Anyone can advise on this counter..... |
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Nostradamus
Supreme |
12-Sep-2006 14:18
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It has secured a US$641,000 contract with Hong Kong's MTR Corp Ltd (MTRC) to strengthen the security of MTRC'S electronic information networks, DMX said. DMX will design, implement and manage the system to protect MTRC's networks. |
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Nostradamus
Supreme |
23-Aug-2006 10:43
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Hi sandbox, it'll give a bounce as you can see yesterday. |
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sandbox
Senior |
23-Aug-2006 08:55
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Hi Nostradamus, Will awards affect stock prices? Thanks. |
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Nostradamus
Supreme |
22-Aug-2006 10:54
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It has been awarded the Fastest Growth category by Cisco China in the recently held Cisco's Channel Partner Conference in Yunnan Province. It also won the Northern Region's award for the Best Solution category. It received this 2nd award for its innovative Cable TV solution. |
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teeth53
Supreme |
19-Aug-2006 19:21
Yells: "don't learn through life, learn to grow with life " |
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Venture have yet to get approval from it board to buy over Ges for S$980 mil and if Mr Goh agree to continune to run together with Mr Daniel Yong, his deputy . Ges will have it future secure. On Dmx at today price of $0.76 and base on Ges take over model, a premium of 20%. of close to a $1/- likely scenerio few mths down the rd but anything can happen. |
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tchoonw
Veteran |
19-Aug-2006 18:23
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Read an article on Dmx in share investment weekly, Dmx might be a potential take over target by Venture given the rate that Venture is acquiring now. Reliable source says the take over price could be as high as $1. Venture might launch a surprise take over anytime. Should be a good buy below 80c now. |
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Nostradamus
Supreme |
05-Aug-2006 19:33
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U r welcome, singaporegal and allantanhc. |
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tchoonw
Veteran |
05-Aug-2006 18:40
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I will short DMX next week. I expect it to drop to 50c soon! |
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singaporegal
Supreme |
05-Aug-2006 16:03
Yells: "Female TA nut" |
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Thanks Nostradamus. You're really a gem in this forum! |
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allantanhc
Veteran |
04-Aug-2006 23:17
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Thanks, Nostradamus. That was a very insightful analysis. |
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Nostradamus
Supreme |
04-Aug-2006 20:57
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On a sequential basis, net profit was flattish. This represents a significant deceleration compared to 1Q06's net profit growth of 75% yoy as well as 2Q ended June 05's sequential growth of 63%. 2Q06 sales rose 20% yoy but was flattish qoq. In contrast, 1Q06 sales rose 80% yoy. Management attributed the weak 2Q06 results to delays in Korean and Malaysian projects, delay in 3G license issuance in China, escalating oil price and global economic uncertainties. Operating cash flow deteriorated from US$2m in 1Q06 to only US$0.5m in 2Q06 due to higher inventory and receivable days (receivable days remained high at 165 reflecting their large exposure to the China market). This was not sufficient to cover its investment cash outflow of $11m. Nevertheless, financial position remains sound with cash of US$61m vs debts of US$8m. Looking ahead, management maintains their target to grow sales by 30% this year, underpinned by the rollout of broadband services as well as China's migration from analog to digital TVs. But management warned that competition will remain intense, 3G licenses will not be issued till next year and start up costs in new countries may continue to impact margins. At yesterday's closing price of , its was trading at 10x forward PER. It is fairly valued relative to its high receivable days, slowing growth rate and potential downside risks from further delay in the issuance of 3G licenses in China. Besides, its historical PE trading range is around 9-11x. |
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