DNeX Expects New Digital Trading Platform Revenue To Jump 300%

 Today, trading NeXchange Bhd (DNeX) has launched a digital trading and logistics platform known as SealNet and hopes SealNet’s revenue will increase by around 300%.

SealNet Statistics aims to provide one-stop cloud-based logistics and cross-border services to facilitate the trade process.

At the close of Bursa Malaysia today, DNeX's share price jumped 3.5 sen or 4.79% to 76.5 sen.

At that level, the group has acquired a market cap of around RM2.24 billion with 2.93 billion issued shares.

According to the group's managing director, Tan Sri Syed Zainal Abidin Syed Mohamed Tahir, the product is expected to be able to grow and eventually contribute to DNeX's profits.

"We are very competitive in competing in the way we provide services," he added.

During the virtual launch of SealNet today, DNeX also said SealNet is targeted at importers, exporters, manufacturers and trade -related businesses.

SealNet is an easy -to -use and accessible platform on the go by encompassing products and services to connect as well as reduce advantages in data collection and information flow across the supply chain.

In addition, SealNet is also equipped with goods tracking technology where merchants can track the status of documents, approvals and cargo.

Syed Zainal also said every company needed the right solution in facing the challenges of tackling the Covid-19 pandemic and the difficulties in the supply chain today.

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