Dagang NeXchange Berhad Annual Report 2018

17 Annual Report 2018 Management Discussion & Analysis KEY MESSAGES SHARE PERFORMANCE Value of DNeX shares more than halved from 53 sen at start of year to 23 sen at close of the year. The movement of DNeX shares somewhat shadows Bursa Securities Technology Index (refer chart below) save for the announcements on proposed penalty of RM17.4 million on Dagang Net by MyCC for alleged infringement on one of the prohibitions under Part 1 of the Act in the provision of trade facilitation services under the National Single Window. The announcement is deemed not directly connected to the performance of the Company itself. The 12 months share movement can be seen in the share performance chart on page 51 of this annual report. 2019 OUTLOOK Our performance in 2018 has forced us to review of business decisions and investments to create value and progress DNeX’s business and brand. Moving forward DNeX will intensify its focus on IT and eServices sector as the demand for technology continues to rise. As we try to maximise the use of our resources and assets in Energy, we may consider monetising investments that may yield attractive returns particularly investments with smaller shareholding and control. We anticipate more changes in government policies and competition in both our core businesses that are not shielded from changes in global economic, technological and political sentiments. Guided by our Vision, Mission and Core Values, we remain committed to create new services while enhancing existing ones, and pursue strategic investments to build a sustainable business thus create value for shareholders wealth and grow DNeX - the Company, the brand both within and outside of Malaysia. DNEX [S][1DAY]:0.325 TECHNOLOGY[1DAY]:32.540 Jan 2018 Feb Mac Apr May Jun Jul Aug Sep Oct Nov Dec Jan 2019 -22.69 -38.68