Jonathan Phang's comment on DNEX-WD. All Comments
Jonathan Phang
23 Like · Reply
**These steps might be outdated due to MCO**
9 business days (inclusive of 2 delivery days) to complete the warrant conversion.

Maturity = Expiration date, convert anytime before that.

1) Call the number on this site:
https://www.megacorp.com.my/
Receive email + form

2) Get a banker's check, recipient is "Dnex Warrants Accounts".
(Payment ex. 2000 warrants * RM0.5 = RM1000 payment)

3) Pay RM20 processing fee + print out the receipt.

4) Mail the 3 documents to the address listed in the form
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3 years · translate ·
Jonathan Phang
https://www.megacorp.com.my/
You need to call the number listed on the site.
Then they'll send you a form through email.
The phone number can't be listed on this forum, if not i'll be banned.
Like · 3 years · translate
蚩尤
Thks bro...........
.....
1 Like · 3 years · translate
Hafiz Salama Md Noor
since mereka sudah emel awak boleh awak fwd sahaja jugak emel tu kepada saya tak... kbq8885 @ yahoo.com
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Bruise Lee
Minta tanya is his Halal investment?
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pali cd
Dnex counter is syariah compliance..Dnex warrant Dnex-WD also, bcoz it release from company not by investment banks
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yrag Gnoey
hey @Jay Chonhockloo, I'm a rakiten user as well, may know which email u sent to for the request? will be able to find it from the website?
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KaiZeMoRu
so after 8 business days, it will automatically change to mother stock? noneed to wait for the dnexwd to mature. am i right?
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yrag Gnoey
yes Kaizemoru
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yrag Gnoey
yes Kaizemoru, it shud be
1 Like · 3 years · translate
Jonathan Phang
The term 'maturity' date is actually misleading, because it actually means 'expiration' date

You can convert the warrants into mother shares anytime before then, but after the maturity/expiration date, you lose all of the money you paid for the warrants.

Hope this helps :)
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1 Like · 3 years · translate
KaiZeMoRu
okay noted! tq
1 Like · 3 years · translate
Jonathan Phang
No prob yo ;)
1 Like · 3 years · translate
Salmo
@Jonathan, what is the cost for mothershare after convert from son? let’s say i don’t have mother share yet. will it be RM0.50? or follow the current cost?
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sss kl
@salmo the mothershare should be RM0.50 (exercise price) + the warrant price you bought.
1 Like · 3 years · translate
Jonathan Phang
Entry price + 0.5 (conversion price)
Let's say you bought at 0.35.
Then total cost = (0.35+0.5)* no. of shares
1 Like · 3 years · translate
yrag Gnoey
now mother ady .98, if my WD entry was .30, to convert, + .50 = total 80cent is my original cost, assuming after convert the mother price remain at .98, I would have earned extra 18cents per unit

instead of selling off the son now, which I only earn extra 5cents (now price is .35)

is that right?
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1 Like · 3 years · translate
LFC forever *
Yrag, yes. But if u think DNEX future is very bright. U also can consider to keep your converted ticket....
Like · 3 years · translate
LFC forever *
Your profit shld be 5/30 {16.6%} or 18/80. {22.5%} ....the risk is after 2 weeks, we will not know what will be the mother share price.
Like · 3 years · translate
Jonathan Phang
Exactly.
Converting warrants may be a few extra steps, but it's more profitable assuming that mother share price maintains its current price range (0.95-1.05) or even better, keeps going up (RM2+) after the conversion is complete.
Like · 3 years · translate
Angelina O
Hi Jonathan, just to confirm my understanding, converting the warrant to the mother share only calculate base on our own warrant EP, the current price for the warrant doesn’t affect our cost of conversion am I right?
Like · 3 years · translate
Jonathan Phang
Yes, it's only dependent on your entry price for the warrant + exercise price (0.5).

Ex. If I bought 10k warrants at 0.32, my total cost:
10k*(0.32+0.5)= RM 8,200
And if mother share price is 1.00 when the conversion is complete, profit =
(1*10k) - (8200) = RM 1,800

(1800/8200) *100% = 21.95% gains
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Like · 3 years · translate
kah ming
想问一下 wb目前平均价0.120 要转换去母股也是加五毛钱吗？
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Jonathan Phang
Yes, exercise price is always 0.5 no matter what price you entered. But congrats for being able to enter at such a low price. :)
Like · 3 years · translate
kah ming
OK thank you...jonathan：）
1 Like · 3 years · translate
Jonathan Phang
Welcome yo, happy to help :)
Like · 3 years · translate
Red Republic TV
Hi Jonathan Phang... Can we convert to mother share if warrant share not expired?
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yrag Gnoey
lol red republic u can actually scroll bck see previous explanation
1 Like · 3 years · translate
Jonathan Phang
Thanks yrag (Gary?) hahaha.
I have updated my initial post to include that info.
1 Like · 3 years · translate
sss kl
@jonathan please update when the mothershare appear in your portfolio.
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Jonathan Phang
@sss kl For sure! I'll add how many days it took (including delivery)
1 Like · 3 years · translate
sss kl
Thank you ^^
1 Like · 3 years · translate
Jonathan Phang
No problem yo :)
Like · 3 years · translate
Akyee ANG
@Jonathan Phang hi, I'm new player. may I know the RM20 processing fee is also pay on bank?
Like · 3 years · translate
Jonathan Phang
@Akyee
I did online transfer using my bank's phone app, took a screenshot of the payment receipt, and printed it out.
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Nicole Lee
@jonathan May I know your bank it’s the share trade bank or any others bank also can ?
Like · 3 years · translate
Jonathan Phang
Any bank is ok, as long as the payment is made to Mega Corporation. They will send you an email with all the necessary details after you call them.
Number's here:
https://www.megacorp.com.my/
1 Like · 3 years · translate
Jacky Wong
Got announcement private placement at RM0.7339 listing tomoro..... Will it affect the share price drop tomoro?
Like · 3 years · translate
Jonathan Phang
@Jacky
I have no idea, but i think there might be a temporary drop. My entry price wasn't that high, so it's not too much of a concern for me.

I believe this counter worth much more than RM1, a temporary drop won't matter much.
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Like · 3 years · translate
Hafiz Salama Md Noor
@jonathan...saya rasa yang kira convert tempah hari tu akan masuk jadi mak esok sekali dgn yang announcment baharu harini...sebab i punya portfolio sudah tolak kuantiti...
1 Like · 3 years · translate
Jonathan Phang
Oh i see, memang possible juga. Tetapi portfolio saya belum tolak kuantiti.
Kita akan tahu esok.
Harap harga mak naik balik ke 0.95++.
Like · 3 years · translate
Hafiz Salama Md Noor
oh i pos kepada registrar lagi lewat dari you...yeah i hope lepas 90sen juga dapat untung lebih sikit...so boleh jual beli lagi anak dan convert lagi...
1 Like · 3 years · translate
Jonathan Phang
Yeah, harga anak begitu rendah sekarang. Good deal.
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Hafiz Salama Md Noor
@jonathan...collect convert sell untill all warrant finish..hehehe
1 Like · 3 years · translate
Jonathan Phang
Hahaha, that will definitely happen after 30 July 2021
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amin hamid
Can anyone email to email convertion form. aminhamid91@yahoo.com
Like · 3 years · translate
Jonathan Phang
@Amin
Please call the number on the site URL listed in my initial post. They will send you an email with details + the form
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Hafiz Salama Md Noor
@amin bang google mega corporate services sdn bhd...bang call nanti diorang akan terang...
1 Like · 3 years · translate
sss kl
@hafiz salama did you receive your mother share today?
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Hafiz Salama Md Noor
@sss kl...belum lagi...hairan sebab isnin sudah tolak son...mother belum masuk...
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sss kl
I see. My son also disappeared today xD
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Jonathan Phang
Same here, son is gone. Conversion might be completed soon.
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Hafiz Salama Md Noor
kalau esok masuk mother...syok...10%
1 Like · 3 years · translate
Jonathan Phang
Yeah, if it keeps going up, and stays at RM1+, we syok even more hahahah.
Congrats!
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sarah erry
Still holding son from 5 sen. Plan to convert half
3 Like · 3 years · translate
Benn Levine
converted 30% of total warrant holding from 0.0435, it was removed from my account as well...mother share going back to above 1 soon! congratz to all of us here!
2 Like · 3 years · translate
Hafiz Salama Md Noor
@jonathan...tq so much...i punya mother sudah masuk...tq tq
1 Like · 3 years · translate
sss kl
Son fly after i converted. Before this so heavy xD
1 Like · 3 years · translate
Jonathan Phang
@Hafiz
Sama sama :D
Congrats to all who converted! And good thing mother share price went up
Like · 3 years · translate
Jonathan Phang
Warrant conversion was completed for my account today.
Took 7 business days + 2 delivery days (Perak to KL)
(15/3/21 to 25/3/21)
1 Like · 3 years · translate
自然88
折价陷阱……，，，，，，，，
Like · 3 years · translate
Jonathan Phang
Ignore those who say that it's a trap. It's not a trap if you're already profiting lol.
I've blocked the person above (自然生活), i really dislike trolls =)
1 Like · 3 years · translate
Hafiz Salama Md Noor
whos convert last week today got profit already...
1 Like · 3 years · translate
Loon Hong
jonathan so did u profited from conversion?
Like · 3 years · translate
Jonathan Phang
Of course I did, and I'm very happy with the gains.
1 Like · 3 years · translate
Jonathan Phang
Exactly. Win-win situation for everyone.
I profit in the share market, the company gains expansion funds.
Like · 3 years · translate
White Polar
Will do conversion nx week, thanks for your info
1 Like · 3 years · translate
Yong Hau
if i dont convert then the price hit 0.50 before due date. What i gain?
Like · 3 years · translate
Jonathan Phang
Profit = (0.5 - entry price)*(number of shares)
Like · 3 years · translate
adrian chang
hi jonathan thanks firstly for this good informative post.
to get it straight,

say i bought at 0.305 × 10000 unit, means i need to top up (0.5-0.305) = RM 0.195 x 10000?
Like · 3 years · translate
Jonathan Phang
If you want to convert your warrants, you need to pay:
RM 0.5 * (number of shares)

Ex. RM 0.5 * (10,000 units) = RM 5,000 payment for warrant conversion.

The calculation you did was how much profit you get if you sold your warrants at RM 0.5
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1 Like · 3 years · translate
adrian chang
ah ok yea its clear now. thanks again
1 Like · 3 years · translate
Jonathan Phang
No problem, @Adrian @Benz :)
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Edwin Eng
People converted warrant to mothershare for instant profit which made the mothershare keep dropping... Sad to see thag
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Jonathan Phang
I'm in the stock market to profit, not to be a "bag-holder" or lose money lol.

I invest using any method i see fit, as long as I'm earning money, because that's the whole point of trading/ investing.

Letting short-term fluctuations affect you shows that you either bought units at a high price or you just have no chill lol.

Chill out dude, and enjoy the DNeX ride, because this train is going places, it just needs time.
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3 Like · 3 years · translate
Jonathan Phang
Around 8 weeks left, remember to convert your warrants before they expire on 30 July 2021.

The conversion needs at least 2 weeks to be completed. I'm not sure what will happen if you convert 1 week before expiration, so better be safe.

Also, stay safe all :)
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1 Like · 3 years · translate
White Polar
Thanks for reminding, very kind of you, Jonathan Phang
1 Like · 3 years · translate
adrian chang
very helpful guy this Jonathan
1 Like · 3 years · translate
White Polar
I will convert by end of June, if price still cannot match my cost..
1 Like · 3 years · translate
Jonathan Phang
Glad to help :D
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Sam Tan
Can help me how to calculate, i have 35000 units on hand, entry price 0.278
Like · 3 years · translate
White Polar
0.278+0.50(warrant conversion), your cost RM0. 778(after conversion).. You need to pay 0.50x35000=RM17,500
1 Like · 3 years · translate
adrian chang
jonathan what made you so confident in dnex? seems like you are very optimistic about this co. maybe share share abit? ;)
Like · 3 years · translate
Jonathan Phang
1)https://semiengineering.com/demand-picks-up-for-200mm/

2)https://www.eetimes.com/200mm-wafer-report-sees-14-rise/

Shortages + consistent (if not, increasing) demand due to development of tech (IoT, EVs, etc.) + the US-China trade war.

3)https://www.theedgemarkets.com/article/cover-story-where-are-malaysian-players-semiconductor-value-chain

Silterra is also the only wafer fabrication company (after DNeX purchased it) that's listed in Bursa.
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1 Like · 3 years · translate
Jonathan Phang
Also, just found out that news is coming out:

(Bruise Lee commented)
... Hibiscus is our JV partner
https://www.oedigital.com/news/488091-repsol-sells-e-p-assets-in-malaysia-vietnam-to-hibiscus-petroleum

https://www.energyvoice.com/oilandgas/north-sea/301123/malaysia-dnex-ping-petroleum-stake-90/
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Like · 3 years · translate
adrian chang
amazing shares Jonathan
1 Like · 3 years · translate
Jonathan Phang
Thanks, man. Hopefully things will turn out as well as hoped. :)
1 Like · 3 years · translate
Bruise Lee
Dnex HODL to the moon, the one and only O&G + Tech play. Winning during the high and low, forever with you as long as you don't contra.
1 Like · 3 years · translate
Jonathan Phang
Yeah, keep holding. Things might get more interesting after warrants expire on 30 July 2021, hopefully.
Right now because warrants are being converted, share price is diluted, quite heavy, so can't fly yet.
Like · 3 years · translate
Collin Seow
anyone knows how to convert now? the registrar i think is closed
1 Like · 3 years · translate
yrag Gnoey
maybe becz of MCO?
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Jonathan Phang
@Collin, thanks for the update, I have updated my post to notify people that steps might have changed due to MCO.
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Jonathan Phang
Google searched "Megacorp Services Malaysia", and results say that it's temporarily closed
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White Polar
Can email to sazali@megacorp.com.my, PIC for DNEX warrant
1 Like · 3 years · translate
Jonathan Phang
@Benz, thanks for the useful info!
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Derrick Lim
Jonathan Phang, how old r u?
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Jonathan Phang
Sorry dude, I'm not comfortable divulging personal info. But discussions about shares and stuff, definitely ok :)
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Derrick Lim
@jonathan phang Ok haha still can keep this share? currently dropping?
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Jonathan Phang
If you have DNeX warrants, you might want to start converting soon.
Because warrant conversion needs 9 BUSINESS DAYS or so to be completed, which means around 2 weeks.

After the expiration date on 30 July 2021, the warrants you own (which you haven't converted) would be worth NOTHING.

i personally still own DNeX shares, and I think they've got great potential in Silterra. So it all depends on what your trading plans are. Everyone's different.
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1 Like · 3 years · translate
Derrick Lim
OK dear u still got buy wat share
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Derrick Lim
@jonathan u still holding dnex?
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