Good closing! Buyers are back.
The owner will push it back to 0.55 :-)

Ben Ben confidently snapped up 2.5m shares @ 1.016.
More to come :-)

Futures looking strong, up 220pts
Brent at 32.25
:)

Mexico had initially blocked the deal but its president, Andrés Manuel López Obrador, said Friday that he had agreed with U.S. President Donald Trump that the U.S. will compensate what Mexico cannot add to the proposed cuts.

That paves the way for cuts that experts estimate could reach 15 million barrels a day in all - about 15% of world production. Such a move would be unprecedented both in its size and the number of participating countries, many of whom have long been bitter rivals in the energy industry.

The IPO was @ 0. 75.
At current price, its a very attractive bargain :-))

Futures market closed for Easter (9th till 13th April).
That was the main reason why many traders didn't want to take long positions for oil and not otherwise.
The agreed cut in production by OPEC+ and G20 today will be a strong booster for oil counters like Hibiscs...better earnings moving forward :)

"According to the Journal, Saudi Arabia has agreed to cut 4 million barrels a day from its production levels in April and Russia has agreed to cut 2 million barrels per day."

https://www.forbes.com/sites/sarahhansen/2020/04/09/report-saudi-arabia-and-russia-agree-on-oil-production-cuts-in-principle-prices-jump-2/#7d983dd4573b

The main attraction: -

"issuance of up to 249,425,060 free warrants (“Warrants”) on the basis of 1 warrant for every 2 PRG Shares held by entitled shareholders on an entitlement date (“Entitlement Date”) to be determined later (“Proposed Issue of Free Warrants”)."

Anything below 0.20 is a good bet. It's just waiting for the volume to kick in :-)

Perdana Menteri dijangka mengumumkan pakej rangsangan baru bagi menangani COVID-19 kira-kira pukul 3 petang ini (27 Mac) di Astro 502, myFreeview 121, unifi TV 631, LIVE FB & Youtube Bernama TV.

Dsonic is the leading contender for the billion-ringgit NIIS project.
Expect it to win big time. Grab some before it fly!!!

THINGS ARE NOT LOOKING GOOD AT ALL AT THIS JUNCTURE. MOH'S DELAY IN APPROVING MYEG'S RTK IS A NATIONAL DISASTER IN THE MAKING!!!

Some Good News Some Not So Good, DG of Health Not Telling Everything, Some Points On Loan Moratorium

QUOTE - 4. The DG of Health is not telling the full story. There is a WhatsApp message that is going viral which says that there is little Covid testing going on, especially testing of frontline doctors and nurses who are treating Covid 19 cases. Here is part of the WhatsApp message :

MALAYSIA MUST RAMP-UP SARS-COV-2 TESTING
Dato’ Dr Musa Mohd Nordin, Paediatrician
Datuk Dr Zulkifli Ismail, Paediatrician

I received an SOS message from an old friend yesterday

She wrote, “My son in law, a doctor, exposed to Covid-19 positive colleague but the head of department said, no need to test. Now he is having URTI (Upper Respiratory Tract Infection).

I replied, Get him tested ASAP at DSH, results same day.

Current policy of MOH is to only run tests on the Persons Under Investigation (PUI). Even the PUI were not tested but were counseled, told to self-isolate for 14 days. This is probably due to shortage of test kits and finite funding our best virology brains in IMR were at cutting edge of SARS-CoV-2

China released information on Covid-19 viral genome on 11 Jan 2020
IMR’s virology unit already produced “primers and probes” on very same day. Malaysia actually had a head start in Covid-19 testing

IMR’s reagent supplied to Makmal Kesihatan Awam Kebangsaan Sg Buloh
who diagnosed Malaysia’s first Covid-19 case on 24 January 2020

Unfortunately MOH did not capitalize on this advantage and did not make the test more widely available to our rakyat

MOH did not follow closely WHO’s 3 golden rules : TEST, TEST and TEST again.

By casting testing as wide as possible we would be able to pick up most then place them on 14 day quarantine to contain the spread.

Hospital Sg Buloh and KPJ Damansara first to imitate South Korea Drive-Thru testing. Trust us, Malaysia is not too late to ramp-up our Covid-19 testing

OSTB : I say DG of Health where are the test kits?

If our own IMR had already developed the reagents and the formulas for testing Covids 19 how come we are not producing it by the thousands? Takkan itu Pharmaniaga punya pasal lagi kot?

Just like this Whatsapp message above says the frontline doctors and nurses in our hospitals ARE NOT BEING tested!!

This is very, very irresponsible and also very dangerous. Firstly you are putting the lives of our doctors and nurses at unnecessary risk. Secondly if the doctors and nurses are not tested (and repeat tested again and again) how do you know that they already do not have the virus? And since they are treating patients, they can be spreading the virus INSIDE THE HOSPITAL and when they go home.

So the DG of Health saying that they have tested 5,000 people per day, going to test 16,000 per day etc does not cover the frontline doctors and nurses.

The WhatsApp message above says :
"Even the Persons Under Investigation were not tested but were counseled, told to self-isolate for 14 days"
http://syedsoutsidethebox.blogspot.com/2020/03/some-good-news-some-not-so-good-dg-of.html?m=0

For once Trump is getting desperate...
https://m.malaysiakini.com/news/516680
In a 23-minute phone call, Trump told President Moon Jae-in he would help Korean producers obtain approval from the US Food and Drug Administration (FDA) for their equipment, South Korea's Blue House office said in a statement late on Tuesday.

Moon told Trump that South Korea "will provide as much support as possible if there is spare medical equipment in Korea".

In no time, Mooyideen will follow suit & press the panic button to approve MyEG's RTK???

Deeply oversold. Its time for this battered stk to do some catching up with the rest. Started accumulating y'day :)

As of today, most of the infected participants from the tablig event held in Masjid Jamek btwn 27th Feb -1st March have already far exceeded the 5th or 8th day of infection. The MOH must be wanting a fair share of MyEG's lucrative business or sort before they grant their approval... food for thought???

The RTK mentioned below could be similar to the one that MyEG is marketing currently. At the rate medical advancement is evolving, its certainly wise to keep up with the latest technology available.

Malaysian PhD Student Was Part Of An Oxford Team That Developed COVID-19 Rapid Test Kits

"According to Lim, the new test kits can produce results in half an hour, unlike the previous viral ribonucleic acid (RNA) tests which need two hours

He said the new diagnostic kit can skip the extraction step and does not need the support of other kits, equipment, or chemicals to run the tests.

"Our goal is to design and produce something that can be sent to households, so people should be able to do the testing at home easily and fast without going to a diagnostic centre or to the hospital," said Lim, who is also a multiple-time award winner.

"In the United Kingdom, if you go for tests, it takes three days to come back (to retrieve the results).

"But if we are able to produce or design something that people can use to test at home, they can get the result within half an hour without a cycle of temperatures."

He said the new kits only use a single temperature - which is 65°C - to produce COVID-19 test results in 30 minutes.

The precision and rapidness, in return, can help to quickly identify infected people, put them in isolation, and stop the spread.

According to a press release by the University of Oxford, the test kits were reportedly validated at Shenzhen Luohou People's Hospital in China with real clinical samples.

https://says.com/my/news/malaysian-phd-student-was-part-of-an-oxford-team-that-developed-covid-19-rapid-test-kits?utm_source=says_mobile&utm_medium=whatsapp&utm_campaign=mobile_share

US market is short of test kits now.
Good for MyEG!
https://pbs.twimg.com/media/ETxozx6UEAAUCVA?format=png&name=900x900

Kejuruteraan Asastera abandons plans to venture into solar business
https://www.theedgemarkets.com/article/kejuruteraan-asastera-abandons-plans-venture-solar-business?type=malaysia

Definitely their future earnings will be impacted by this u-turn!

Great news! The Covid-19 Rapid Test Kit is now available!!

Local e-government solutions and services provider MyEG has announced that a rapid testing kit for Covid-19, priced at RM99 per kit, is now available for pre-order through its website.

Interested users will however have to fork out RM990 to purchase a minimum of one pack which comes with 10 kits, as the kits are not sold individually. Delivery for the rapid testing kit will take two weeks, according to a press statement.
https://www.thestar.com.my/tech/tech-news/2020/03/17/covid-19-myeg-rapid-testing-kit-available-for-pre-order-now-produces-results-in-30-minutes

The pandemics are just starting to implode in M'sia & Phillipines: -
1) Klang Valley has the highest number of locations with confirmed cases; https://www.therakyatpost.com/2020/03/13/here-is-a-list-of-all-places-in-malaysia-with-confirmed-covid-19-cases/

2) Mayors of Metro Manila’s 16 cities announced nighttime curfews today and urged shopping malls to close for one month, in a bid to contain the spread of the new coronavirus, as the Philippines reported its eighth death; https://m.malaysiakini.com/news/514682

The COVID-19 RAPID TESTING KIT's press release was timed with precision in tandem with the current pandemic & surged in Dow. This health product's demand will be on par with that of rubber gloves. Monday fly...1st limit-up!!!

"MYEG is currently awaiting approval by local authorities for the use of the kits and will start accepting pre-orders on its online portal www.myeg.com.my in Malaysia and myeg.ph in the Philippines from next week.
The introduction of the test kit is the latest innovation launched by MYEG aimed at providing governments with much-needed solutions to effectively contain the spread of the novel coronavirus, which has recently been classified as a global pandemic by the World Health Organisation."

Funds are switching out of tech stocks to MyEG :-)

Semicon stocks see some selling amid virus causing supply chain disruption

"Investors appear to be selling their holdings in semiconductor companies today, as Covid-19 — which has now been classified as a pandemic – is expected to cause further disruptions to the global supply chain for the industry."
https://www.klsescreener.com/v2/news/view/650638

The new MOF is certainly watching over the market like a hawk!
It will not come as a surprise if Bursa were to ban both the "Proprietary Day Trading (PDT) and Intra-Day Short Selling (IDSS)" in order to stabilize the mkt until such time the crisis is over.

The man-in-charge has spoken: -
"Prime Minister Tan Sri Muhyiddin Yassin pledged today to consider calls to reinstate the unpopular Goods and Services Tax (GST), promising to review all tax systems as part of the new government’s effort to rein in living costs."
https://www.malaymail.com/news/malaysia/2020/03/11/muhyiddin-says-will-study-calls-to-bring-back-gst/1845352

Political stability is the way to move forward for Dsonic.
https://www.malaymail.com/news/malaysia/2020/03/11/dr-m-throws-in-the-towel-sees-muhyiddin-staying-pm-at-least-until-ge15/1845269

This will likely includes MyEG's coronavirus profiling system.
https://www.freemalaysiatoday.com/category/nation/2020/03/06/facial-recognition-technology-to-go-live-at-klia-soon/

TS Wong's top man has been roped in as a Non-Independent Director: -

Datuk Jayakumar was appointed as the Managing Director of MY E.G Integrated Networks Sdn. Bhd. (MINT) in 2009, was integral in the development and operation strategies of MINT. His experience includes the development of its suite of Electronic Cash Register (ECR) while working with Point of Sales solution vendors. These solutions include, among others, a comprehensive suite of online Goods and Services Tax (GST) accounting tools, tax declaration and Electronic Information Systems (EIS).

With the next Parliamentary sitting due only on 18th May, there will be stability for the next 2.5mths.
The market is oversold. History of sudden market shocks shows that Bursa is due for a strong comeback!!!

Quoted by a lawyer - "Any vote of no confidence against Muhyiddin will never see the light of day as the first thing they will do is to remove the current speaker. So that option is out."

So, its not so plain simple as you think. There is the need to change the parliamentary standing order to allow for no confidence votes if requested by a specified number of MPs. By then, GE-15 is already round the corner. Certainly 2 to 3 yrs is alot of time for policies to be reversed by this new backdoor govt with the power they have in hands now.

Flashback - That dreadful day when BN counters got trashed on 8/5/18.
https://www.theedgemarkets.com/article/investors-dump-bnlinked-counters

In essence, traders are quick to seize the opportunity. So, do you think that they will short sell these counters tmrw?

Payback time!

Wow, superb QR!
Net Profit up by 706.24% :)))

A recession proof biznes, well shielded from the current global uncertainties. A safe counter to invest in.
Excellent results with 2sen dividends. Unbelievable!

Another ploy by the big boys to flush down the price to collect before it gaps up tmrw. TP of 1.70 intact :-)

Besides Dsonic, S5 Systems Sdn Bhd is as good as out of the running too with Muhyiddin's exit from the Home Ministry,
This narrowed down the shortlisted companies from 5 to 3 only, ie HTPADU, SCICOM & IRIS.
The chances now for each of these 3 companies to secure NIIS is very much higher at 33.3% as compared to the initial 20%.
With the better set of QR expected today or tomorrow & the NIIS's result on 4/3/20, the time is masak (ripe) for HTPADU to make its stand!

The market talk on TS Wong from MyEg having his footprints in HTPadu to gain entry into NIIS is garnering more truths than myths of late.

Below is an mandarin extract translated into english that was written by the Author: EventureGroup Publish date: Wed, 12 Feb 2020, 5:35 PM.
https://klse.i3investor.com/m/blog/vitaeventure/2020-02-12-story-h1483790535.jsp

"Currently in the market, the companies supported by many people are HTPadu (5028), SCICOM (0099), IRIS (0010), S5 Systems Sdn. Bhd. (Not listed), and DSONIC (5216) Erm ... But why Didn't mention MYEG?

MYEG is actually an e-government service provider, but MYEG provides value added services. For example, on top of the visa update of foreign workers, they also provide insurance for foreign workers, so you don't have to follow these companies fight!

In short, this time NIIS can say that MYEG has a great chance to get a cup! Secondly, one of the most important contenders, HTPadu and WONG Thean Soon, the major shareholder of MYEG, also has shares in it!

You can look at Asia Internet Holdings Sdn. Bhd., This company is a company of Wong Thean Soon ~ this company currently holds 10.39% of HTPadu shares, it can be imagined that if this company gets a project, MYEG Can also benefit!"

* The possibility of a split cannot be discounted due to its small market cap. So, make your move before they push it higher prior to the announcement.

** To a greater extent, I kinda share the same views as danielliam.

Next level, good for 1.80.
Goodies coming onstream - Improved QR, NIIS award, Indon e-Wallet projects :)

SHORTLISTED COMPANIES FOR SECOND ROUND OF NIIS TENDERING PROCESS: -
1) IRIS CORP Bhd,
2) HeiTech Padu, <-------- :-)))
3) Scicom (MSC) Bhd,
4) S5 Systems Sdn Bhd and
5) Datasonic Group Bhd."

https://www.klsescreener.com/v2/news/view/633966
Billion-ringgit immigration contract to be awarded soon
The Star; Sat, Feb 08, 2020 08:40am

*Most likely, HTPadu will form a consortium together with Dsonic & S5 Systems Sdn Bhd.

The deadline is getting closer :)
"...the Foreign Visa System is expected in February while the National Integrated Immigration System will close its tender period on March 4".

Patience...

BREAKING NEWS
TS Wong"s MyEg has succeeded in making further inroads into the Indon market.
https://www.theedgemarkets.com/article/myeg-rolls-out-tax-monitoring-system-30-more-cities-indonesia?type=corporate

By now, its rather clear that TS Wong must be targeting HTPadu's lucrative eWallet JV project with the Indon company, PT Kirana Investama Nusantara. That explains why he became a *substantial shareholder via Asia Internet Holdings Sdn Bhd recently. What an ingenious way to stamp his mark in Indonesia!

*Oh, and on a side note, its certainly not hard to guess who that big buyer was queueing at 1.17 today yeah! :-)

KAB has overshot the runway...???

"All in, we cut KAB’s TP from 65 sen to 57.5 sen, based on 18 times calendar year 2020 earnings.

While we see growth potential in KAB from related diversification and acquisitions, we think the share price may have run ahead of its fundamentals as it has recorded a huge gain of about 605% in just 12 months. — TA Securities, Jan 10"
https://www.theedgemarkets.com/article/kejuruteraan-asastera-seen-venturing-energysaving-solar-energy-segments

Something big must has been brewing behind the scene lately esp with the IIS (formerly SKIN) award that is due to be announced by Jan'2020.

TS Wong has been aggressively buying almost every other day. Due to the small free float, the only way for the price to go is upwards.

At 10.12% direct interest, Asia Internet only needs to acquire another 23% to trigger a Mandatory Offer. Who knows, they might offer up to RM8 to take it private!!!

At the meantime, grab some before it takes off :-)))

REPLY TO THE QUERY FROM BURSA MALAYSIA SECURITIES BERHAD (“BURSA
SECURITIES”) DATED 19 DECEMBER 2019
REFERENCE NUMBER: IQL-19122019-00001
HEITECH PADU BERHAD (“HTPADU” OR THE “COMPANY”)
SUBJECT: DISPOSAL OF 6,900,000 ORDINARY SHARES IN DAPAT VISTA (M) SDN
BHD (“DAPAT”)(“DISPOSAL”)

We refer to the announcement dated 17 December 2019 (“Announcement”) and the query letter dated 19 December 2019 from Bursa Securities in relation to the Disposal.
Unless stated otherwise, definitions used in this reply shall carry the same meaning as defined in the Announcement.

The Board wishes to provide the additional information as below:-
1) The net profit and net assets of DAPAT based on its latest audited financial statement.
Based on the Audited Financial Statement of DAPAT for the year ended 31 December 2018, the net loss was RM257,804 and the net asset was RM2,866,240.

2) The name of the directors and substantial shareholders of Television Airtime Services Sdn Bhd (“TASB”) together with their respective direct and/or indirect shareholdings.
The Directors of TASB are:
a) Norwati binti Abd Razak
b) Ashari bin Shuib
The substantial shareholders of TASB are:-
a) Tahir bin Othman – 2,185,000 ordinary shares (19%)
b) Junaidi Yean bin Abdullah – 8,193,749 ordinary shares (71%)
c) Perbadanan Nasional Berhad – 575,000 ordinary shares (5%)

3) HeiTech Padu Berhad (“HTPADU”) original cost of investment in DAPAT and the date of such investment.
The original cost of investment in DAPAT was RM9,120,000. The date of the investment was 15 May 2013.

4) The particulars of:-
i) any liabilities, including contingent liabilities, in relation to the
Disposal which remain with HTPADU, together with the details and
justification for such arrangements; and
ii) any guarantees given by HTPADU to TASB or DAPAT.
There are no contingent liabilities from HTPADU to TASB or DAPAT.
There are no guarantees given by HTPADU to TASB or DAPAT.

5) The basis of arriving at the sale consideration, other than on a “willing buyer willing seller” basis and the justification for the sale consideration.
The sale consideration was arrived based on negotiations and mutual agreement between both parties. Nevertheless, the agreed value is not detrimental to the Group.

6) The breakdown of the type of working capital and the timeframe for full utilisation of proceeds.
The group intends to utilise the proceeds of the Disposal of RM13,500,000 by:-
i) Embarking in new business ventures = RM5,000,000.00
ii) Working capital = RM8,500,000.00

7) The financial effect of the Disposal on the gearing of HTPADU Group. There will be no effect on the gearing of HTPADU Group as the utilisation of the proceeds will not be used to pay loans/borrowings but instead will be used on new business ventures and working capital.

8) The expected financial gains or losses to HTPADU Group
The expected financial gains on Disposal to HTPADU Group is approximately RM6,300,000.

9) The estimated time frame to complete the Disposal
The estimated time frame to complete the Disposal is from 13/12/2019 – 12/12/2023, or full payment of the Disposal, whichever is earlier.

10) The period and time during with the Agreement will be available for inspection. The Agreement is available for inspection at the registered office of HeiTech during office hours, from Monday to Friday (excluding public holidays) at Level 15, Menara HeiTech Village, Persiaran Kewajipan, USJ 1, UEP Subang Jaya, 47600 Subang Jaya, Selangor Darul Ehsan.
This announcement is dated 20 December 2019.

"The IIS is an integrated solution for border and immigration control that is being called for tender after the previous RM3.5bil Sistem Kawalan Imigresen Nasional (SKIN) project that was awarded to
Prestariang Bhd was revoked.

The IIS will replace the current Malaysian Immigration System (MyIMMS) implemented since the 1990s.

MyIMMS is maintained by Heitech Padu Bhd and the contract is due to expire next August.

It is worth noting that Heitech Padu also saw a change in its shareholding recently.

Technology-based entrepreneur Wong Thean Soon, better known as T. S. Wong, surfaced as substantial shareholder in Heitech Padu along with Datuk Norraesah Mohamad through their investment vehicle,
Asia Internet Holdings Sdn Bhd.

For perspective, Wong is the co-founder and managing director of e-government services provider, MYEG Services Bhd, while Norraesah is the chairman.

On Dec 16, Asia Internet bought about 3.74 million shares in Heitech Padu and on Dec 18, purchased an additional 3.08 million shares. Currently, Wong and Norraesah via Asia Internet control 8.43% in Heit-
ech Padu.

So far, it remains unclear what Wong and Norraeshah have in mind for Heitech Padu, which has seen a 171% increase in share price year-to-date."

The cat is already out of the bag! Tan Sri Wong had since made their move. So, what are you waiting for? A limit-up before you jump in?!!

Posted by TomyamGong > Dec 18, 2019 12:19 PM | Report Abuse "Boneka, i ever heard of this rumours before from one of my contractor friend, but that time najib mess up the whole things with issue 1mdb. Will this benefit to eko if the plan is truth";

As a proven developer, Ekovest is obliged to put its money where its mouth is to prove its commitment. Period!

My friend from JB lives in Tmn Laguna, next to the 2 land parcels that Ekovest is acquiring. His neighbour is an earthwork contractor.
Way back in 2012, this contractor told my friend that he had seen the master plan whereby a bridge will be built to link Country Gdn on the opposite site to this 2 land parcels.

Needless to say, after the latest signing & HSR news, I am more convinced that the 2 parcels of land could be the future HSR Station for JB. It could be something like the Singapore's MBS concept complete with convention halls, shopping mall, hotel, financial centre & condos clustered together.

As such, I have started to invest in Ekovest this morning :)

Finally, its unveiled...the new substantial shareholder, ASIA INTERNET HOLDINGS SDN BHD.
Tmrw fly :-)

Wahlow eh 4.40!!!
This will surpass the previous record high of 4.18 done on 10/2/11.
Hoseh liow :)))

Foreign funds coming in full swing soon... Singapore, China, Europe, US, etc. This will be the darling stock for 2020 :)))

danielliam, I heard an Indonesian group started buying below 0.90.
Added some this morning since its worth RM80...collect when nobody is promoting this counter yet...gogogo!!!

Fake sellers suddenly appeared in droves...hoping to collect more cheap tickets from contra players. Good try...lol

IIS (SKIN) project is definitely high on Moohideen's priority list because the current immigration system sucks big time! The Home Ministry is confidentially cognizant that HTPadu is well positioned & ahead of the pack to clinch the contract :)

The Home Ministry is concerned over the high number of tourists from China and India who have overstayed in the country, as stated in the 2018 Auditor-General's Report Series 2 released on Monday (Dec 2).

The audit report said there was no record of exit dates for more than 95% of Chinese and Indian tourists who visited the country between 2016 and last year.

According to the report, during that period, out of 79,799 Chinese tourist arrivals, it was found that 76,258 have no record of exit dates from the country.

Minister Tan Sri Muhyiddin Yassin said he had referred the matter to
https://www.theedgemarkets.com/article/muhyiddin-high-number-overstaying-chinese-indian-tourists-worries-ministry?type=malaysia

* NEXT MASSIVE PROJECT - The lucrative JV partnership with the Indon counterpart to adopt a cashless culture for its massive Cooperatives members (estimated to be 137.5m)!

* More importantly, the yoyo trade war will have minimal bearing on HTPadu's projects for they are mainly recession proof. No more sleepless nights in anticipation of Trump's whimsical tweets...zzzZZZ

"Posted by Richard Lee > Nov 29, 2019 6:20 PM | Report Abuse
purchased what terror Hardware and Software RM77150000? crazyyyyyyyy
Otherwise this QR easily profit 7mil"

Lol..that's the hefty price to pay for their tools of the trade in order to stay ahead of the Industrial Revolution 4.0 & Cloud Computing businesses.

Going forward, it justifies the company's capabilities & confidence in securing & tendering of new projects, namely IIS, Indon JV Partnership, MyPay, Penang Smart Parking, BSN contract and a few more coming onstream.

The last 1 mth has seen the price been systematically suppressed, probably to facilitate the changing of shares to a 3rd party?? And now that the QR is out, all doubts abt the company's future performances would have been dispelled. Apparently, today's closing saw some big buy orders transacted. The price will definitely be restored to reflect its true intrinsic value & all those with holding power will soon be reaping their rewards!