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Despite revenue appearing flat in Ringgit terms, DXN’s underlying performance was strong. Adjusted for currency effects, the company recorded 12.1% growth, driven by robust gains in markets like Peru, Bolivia, and India (15–53% in local currencies). However, a stronger MYR reduced the reported value of these overseas earnings, masking the true momentum.
Currently showing decent momentum so hold tight and watch the resistance levels closely. Don't rush to sell yet because the volume looks like it might pick up again soon
That pipeline activity is definitely a solid sign that their order book is finally gaining some serious momentum. With those clients coming back online, the revenue visibility for the next few quarters looks way more promising than before.