KUALA LUMPUR: Dagang NeXchange Bhd (DNeX) is set to continue expanding its business through executing planned initiatives and exploring opportunities that leverage its existing business building blocks.
Group managing director Zainal Abidin Jalil said the company’s business was firmly anchored on two business divisions, namely information technology (IT) and e-Services, as well as its successful diversification into energy where it had established a business model with positive results.
“The company is committed to creating and capturing new opportunities by leveraging on the company’s core competencies as well as pursue strategic investments,” he told reporters after the company’s annual general meeting yesterday.
In the energy sector, he said DNeX had reaped returns from its acquisitions in OGPC Group and investment in Ping Petroleum Limited, which had contributed positively towards the company’s financial results.
Meanwhile for the IT and e-Services, Zainal said trade facilitation continued to be a significant segment with the extension of the National Single Window concession to August 2019 and plans to expand similar services abroad.
DNeX executive deputy chairman Datuk Samsul Husin said under the trade facilitation, the company had expanded its services to business-to-business (B2B) e-Services, namely through SEALNET, a web-based one-stop portal for total cargo and trade management services.
The company was also building its competency in accounting and financial services with the acquisitions of two consultant and accounting system services companies – Genaxis Sdn Bhd and Innovation Associates Consulting Sdn Bhd, he added.
Commenting on the new government, Zainal said that DNeX is well positioned to participate in the new regime’s open tender policy.
“The (new) Malaysian government is very pro-business. They are also putting a lot of emphasis on ‘government process improvement’ with focus on transparency and related matters.
“We no longer need to rely on intermediary organisations to secure contracts, as we can now compete based on merit. So I hope we can prove that we can actually compete through merit,” he added. — Bernama