0248 GMT - Dagang NeXchange appears to be approaching an earnings inflection point, driven by growth in its semiconductor and energy businesses and supported by recurring income from its IT division, TA Securities analyst Chan Mun Chun says in a note. The market hasn't fully recognized the value of the SilTerra unit's position in the booming silicon photonics industry, which is benefiting from strong artificial-intelligence and data-center demand, he says. Dagang will likely turn profitable in 2026, with earnings further accelerating in 2027 and 2028 as SilTerra expands capacity and utilization improves, the analyst says. Higher oil and gas production, alongside growing recurring digital revenue are also supportive, he adds. TA Securities initiates coverage on Dagang with a buy rating and 0.66 ringgit target price. Shares are 6.5% higher at 0.41 ringgit. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
June 18, 2026 22:48 ET (02:48 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.