KUALA LUMPUR (May 3): Dagang NeXchange Bhd (DNeX) topped the most actively traded counters at mid-morning today following its managing director Zainal Abidin Jalil's remark yesterday that the company is confident of recording double-digit growth in terms of revenue this year.

As at 10:43am, DNeX was the most actively traded counter, with 65.25 million shares done. It rose 1.5 sen or 2.26% to 68 sen per share.

Subsequent to the group's annual general meeting yesterday, Zainal Abidin told reporters that DNeX's ambition is underpinned by the strategic transformation of its core business into two segments — energy, and information technology (IT) and e-services.

In line with the company's diversification into the energy sector, he said DNeX is seeking opportunities to push forward in the power segment, focusing on renewable energy.

"There will be capital expenditure (capex) for our power foray, but the capex we require is going to be within our financial capacity," he said.

For the financial year ended Dec 31, 2016 (FY16), DNeX's net profit grew nearly 12 times to RM133.74 million or 11.49 sen per share from RM11.23 million or 1.45 sen per share in FY15, as revenue almost doubled to RM178.46 million from RM95.55 million, largely attributable to contributions from its new acquisitions.

Last year, the group spent the bulk of its RM125 million capex to acquire a 30% stake in Ping Petroleum Ltd and OGPC Group, which provides equipment and services for the oil and gas, petrochemicals, power and general industries.