First target @ 0.60 :-)

Next week will see a retest of 0.58!

In a statement today, the group said it would install its thermal scanners at schools in the Klang Valley starting this week, and aims to roll them out in all 63 schools nationwide within the next two weeks, as part of its ‘We Are Ready’ campaign.

https://www.theedgemarkets.com/article/green-packet-deploys-kiplelive-solution-facilitate-reopening-63-independent-chinese?type=malaysia

Moving forward, earnings will be greatly enhanced upon diversifying into healthcare products.

Quote - "Subject to the receipt of the approval by MOH, the business arrangements/collaborations mentioned in item (i) above are expected to contribute positively to the earnings of the Group."

If Sabah allowed the Covid-19 test kit to be used there, it means that the MOH had already granted their approval. This will be a game changer for HWGB's foray into the healthcare sector!

Insiders have already been pushing the price for the past 2 weeks.
Today's price action looks like it has been factored in already. Sell on news???

Very strong demand. TA wise, the next resistance is very far at 0.725.

HSR is a dream come true :-)

Bullish Hammer formed. The next resistance lvl is quite far at 1.68!

IWC =(PM8 + Johor Sultan)

Likely to test 0.38. If breakout, it will fly ✈️

How much profits would HWGB be generating from the sale of the Shanghai Liangrun's rapid test kits?

(i) With our population of abt 32m, let's assume 20% as the population that will be tested over the next 6 months. That is about 6.4m people (excluding PRs, Work Permit holders, tourists, illegal immigrants, etc);

(ii) Based on the on-going market rate of RM380 for a drive through or walk-in client, a total revenue of abt RM2.4B revenue is expected to be collected over the next 6mths;
https://my.healtopedia.com/product-category/services-packages/covid-19-test-1/?gclid=CjwKCAjwwYP2BRBGEiwAkoBpAuddLjCWk7h1vsV1aUdrfWWiKgDqygeFTDGAenQZkbbAggJ7Jete-RoClUsQAvD_BwE

(iii) As there are 5 rapid test kits recommended by the MOH, namely Lionrun Shanghai Liangrun Diagnostics Kit, Wondfo, Vazyme, Standard Q Covid-19 igM/IgG Combo, and Healgen, the market share of the total revenue that is expected to be earned by HWGB = (20% of RM2.4B) = RM480M.

(iv) Let's assumed that the profit margin for HWGB is 35%. This will translate into (35% of RM480M) = *RM168M over 6 months (or RM28M per month);
* This is only a rough & conservative estimation. Imagine the added potential to be reaped from the appointed sub-distributor, PM Care Sdn Bhd with its network of more than 3,500 medical providers nationwide!

Folks, we all know that a vaccine for Covid-19 can only be found some 1.5yrs or more down the road. Figures don't lie, so its no wonder that this attractive profit margin is freaking out the Board who has been frantically trying to takeover the company with their cheapo offer price of 0.125, 0.14 & 0.205 respectively!! Expect smart investors to come in and stop them in their tracks tomorrow!!!

HWGB is certainly on a roll for now! Goodluck :)

System problem. Now its back up!
Big boys shaking out retail players.
Covering back now...relax...

Due for retracement & correction.
Covid-19 has caused the Govt to defer many big projects and the New IIS will not be spared.

Strong support at 1.20.
Might surge to 1.30 later :-)

TA wise, Fred Tam has specifically mentioned about the breakout in his Telegram: -
NOTION: (1) How Chart Patterns (Ascending Triangle B.O.) measured the breakout and targets and (2) How Jap Candlesticks spotted the Top & U-Turn. Superb techniques in action!! Kudos to technical analysis!! All praise to TA.

NOTE - When the proposed bonus issue was first announced on 16/1/20, the price went up from 1.03 to a high of 1.38 on 30/1/20.
This is the level to lookout for. If the buying continues to be agressive tmrw, it might hit limit-up at 1.40 !!

1) GAP 1 covered = 0.80 - 0.85;
2) GAP 2 covered = 0.87 - 0.92;
3) GAP 3 = 1.05 - 1.09...now showing :-)))

With Brent holding above 32, the momentum will continue to push higher to fill up the gap till 0.71.

A big gap to cover from 0.41-0.71.
Still got alot of upsides to go :-)

Chartwise, there was a big gap formed on 17 March & 18 March.
Historically, it has been shown that the price will eventually move up to cover it back. So, buy before it surge to eclipse this space btwn 0.35 and 0.41.

A knee jerk reaction to the further extension of another 14days of quarantine when the afternoon session opened. It has since recovered lost ground & catching up with the rest now.

Chartwise, its on track to fill the gap btwn 1.03 - 1.07.
Gogogo TS Wong & EPF!!!

With the suspension of short selling, the price will likey reverse up to cover the 2 gaps: -
1) 0.80 - 0.85
2) 0.87 - 0.92;
Lots of room to run up from here :-)

Revised earnings for Covid-19 Rapid Test Kits: -

Q) How much would MyEG be generating from the sake of the test kits?
(a) As an illustration, 5m test kits to be made avail for the USA's population of 331m equates to 1.5%. Let's use 1% as a guide for our case.

With our population of abt 32m, at 1.0% its already 320,000 people (excluding PRs, Work Permit holders, tourists, etc. So, based on RM99/test kit, a revenue of abt RM32m is the more realistic sales to be expected.

(b) Not forgetting the 1.1m people (or 1.0% of the Philippines' population of 110m)...another RM109m in the coffer!!!

Why is MyEG's Rapid Testing Kit going to be a big hit?
Ans: - "The test kits can accurately and rapidly detect the presence of the COVID-19 virus in individuals without the need for nose or throat swabs, and generate test results on-site within 30 minutes, with no requirement for samples to be sent to external diagnostic laboratories."
https://m.malaysiastock.biz/Company-Announcement.aspx?id=1212386

Now compare this to Shimadzu, the Japanese precision instrument maker whose test kit takes a longer time of one-hour to detect.
https://asia.nikkei.com/Spotlight/Coronavirus/1-hour-coronavirus-test-under-development-in-Japan

Now this is what Trump has said...do not quote me pls.
https://m.malaysiakini.com/news/514626#comment

1) "Trump said Walmart Inc Chief Executive Doug McMillon had agreed to set up drive-thru testing at store parking lots across the country and that Alphabet Inc's Google will create a website to help determine whether individuals need a coronavirus test."

* It's time for our new Health Minister to act - Those huge carpark bays like those found in AEON, TESCO & football stadiums nationwide can be used to emulate Walmart's drive-thru testing. This is going to be the "New Normal"!

2) "Trump said the federal government was partnering with the private sector to accelerate production of test kits to make them more widely available to Americans. He said there will be about five million coronavirus tests available soon but doubted that many will be needed. He urged Americans to only seek the test if they feel they need it."

* Perhaps, Trump should be taking orders from MyEG instead!

3) How much would MyEG be generating from the sake of the test kits?
(a) As an illustration, 5m test kits to be made avail for the USA's population of 331m equates to 1.5%. Let's use 1% as a guide for our case.

#myinvestor - To estimate that 100,000 people will need to be tested is a very conservative figure indeed. With our population of abt 32m, at 1.0% its already 320,000 people (excluding PRs, Work Permit holders, tourists, etc. So, based on RM200/test kit, a revenue of abt RM64m is the more realistic sales to be expected.

(b) Not forgetting the 1.1m people (or 1.0% of the Philippines' population of 110m)...another RM220m in the coffer??? Figures don't lie. Food for thought over the weekend before the blast off come Monday :)))

*Latest report on the Masjid Jamek's 'tabligh' gathering @ Sri Petaling - 40 tested positive and still counting! May Day 2x!!

Very steady! Inching upwards to cover the gap btwn 1.12 - 1.14;

Its heading up nicely to close the gap btwn 1.05 - 1.09 :-)

Next target will be the gap btwn 1.05 - 1.09!

Closing back the gap btwn 0.90 - 0.94.

@TanK0318, under Google search bar, type this in "how to view idss column". Few brokers PDF's instructions are available. All the best!

IDSS is about 22%.
Later when they cover back their positions it will reverse back higher again.

With Muhyiddin having sworn in as PM, HTPadu will gain big!

This is bcos Datuk Dr Norraesah Mohamad, who is a substantial shareholder of HTPadu via Asia Internet Holdings Sdn Bhd, was previously a senator and Umno Supreme Council member. Together with TS Wong, one cannot discount the fact that they could be the proxies for UMNO and/or Muhyiddin!

Let's get real... investors only wants to make money from the mkt. Who the heck gives a damn to PH or Tun M. Afterall, they have had enough of their incompetence & narcissistic politickings in just 20 short months!!!
Many foreign funds would definitely prefer the good old days under BN where the mkt is more vibrant & lucrative.

Few positive signals to continue its bull trend:
1)The price has broke both the asymmetric triangle pattern and resistance line which indicates that the breakout has happened.
2) Expect another higher high and higher low to be formed in the next few months.
3) MACD line has cut above the zero line.

Bullish signal - Gapped up above the 50-day SMA.
https://www.thestar.com.my/business/business-news/2020/02/11/heitech-padu

At the way things are going, HTPadu seems to be the biggest winner!
With LGE & Tony Pua watching the kitty like a hawk, awarding 100% to S5 Systems will smell of corruption by the Home Minister.
My take is that S5 Systems will tie up with HTPadu instead.

A Golden Cross is forming nicely :)

Heitech just secured a contract with LHDN valued at RM34.8M.
https://m.malaysiastock.biz/Company-Announcement.aspx?id=1192747

My E.G.'s managing director emerge as substantial shareholder in Heitech Padu
TheEdge Mon, Dec 16, 2019 11:23pm - 49 minutes ago

KUALA LUMPUR (Dec 16): My E.G. Services Bhd co-founder and managing director Wong Thean Soon, better known as TS Wong, and chairman Datuk Norraesah Mohamad, have emerged as a substantial shareholder in Heitech Padu Bhd, with a 5.38% stake or 5.45 million shares.

A filing with Bursa Malaysia today showed the duo, via their private investment vehicle Asia Internet Holdings Sdn Bhd, had acquired 3.74 million shares from the open market yesterday, pushing their shareholding to above the 5% threshold.

It was previously reported that Wong has a 66% stake in Asia Internet Holdings, while Norraesah holds the remaining 34%.

The duo also owned a 22.71% stake in Excel Force MSC Bhd via Asia Internet Holdings as at Sept 12.

According to its annual report for the financial year ended Dec 31, 2018 (FY18), Heitech Padu’s largest shareholders are Padujade Corp Sdn Bhd with a controlling 29.96% stake, while Permodalan Nasional Bhd has a 14.95% stake.

Shares of Heitech Padu closed unchanged at RM1.17 today, giving it a market capitalisation of RM118.43 million. The counter saw 12.04 million shares traded.
https://www.klsescreener.com/v2/news/view/610902

Congrats to all who boarded earlier!!!

No worry. Big boys are rolling over their shares only.
The uptrend will continue tomorrow!

IIS's theme play is on!!
Dsonic & Scicom are leading the pack for now.
Muhyiddin's darkhorse, HTPadu is warming up nicely :)))

Heavy accumulation sighted. The bulls are in control today.
Buy signals have been triggered...gogogo!!

Q3 okay leh. NP=657,000.
Got shit to factor in meh?

Deeply oversold...RSI=16 only.
About 65% of the puny 101m issued shares are held by institutions, funds & investors.
This leaves the market with a very small free float...probably less than 15m shares. That's why it's easily cornered & manipulated.
A syndicate with RM3m-RM5m jumping in to buy can easily cause it to hit limit-up!
Coming QR by end-Nov should be pretty good. Not forgetting, the lucrative profits coming onstream from those new projects awarded. And so long as IIS's award is still pending, HTPadu is still in the running for the project :)

According to its President and Executive Deputy Chairman, Datuk Seri Mohd Hilmey Mohd Taib,

HeiTech Padu is also ready to capture on the opportunities to help government agencies and private organisations reinvent themselves into digital ready environment in keeping up with the changes in the era of digital revolution.

"We are positioning ourselves to be part of our customers' business journey. Our new vision, to be "The Trusted Technology Partner to Enable Customers Vision", reaffirms our commitment to assist our customers through their transformation process.
****************************************************************
Some of HTPadu’s investment in selected knowledge-based services includes:-
1) PENANG SMART PARKING SYSTEM (PSP) –Valued at RM115M was awarded in May 2019;
2) SIGNIFICANT EVENT - On 21 June 2019, the Company has accepted a Letter of Award by Bank Simpanan Nasional ("BSN") in respect of Enterprise Storage Upgrade & Technology Refresh valued at RM79,604,910.00 for a period of 36 months;
3) MYPAY PLATFORM – Launched on 15 AUG 2019; and
4) IIS – Pending the outcome of their tender submitted before the deadline on 19 August 2019;

WHETHER OR NOT HTPADU QUALIFY FOR THE INCOME TAX EXEMPTION FOR UP TO 10 YEARS, LET THE MARKET DECIDES ON MONDAY!

Heitech rises 3.67% on positive technical outlook

By Surin Murugiah | 2019-10-11 09:25:18
KUALA LUMPUR (Oct 11): Shares in Heitech Padu Bhd rose 3.67% in early trade this morning following a positive technical outlook on the stock.

At 9.05am, Heitech added 4 sen to RM1.13 for a market capitalisation of RM114.39 million.

PublicInvest Research said Heitech is showing initial signs of potential recovery from its recent pullback.

In a trading ideas note today, the research house said improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term.

“Should resistance level of RM1.16 be broken, it may continue to lift price higher to subsequent resistance level of RM1.23.

“However, failure to hold on to support level of RM1.05 may indicate weakness in the share price and hence, a cut-loss signal,” it said.

Today's volume is quite high with strong buying support.
Having broken 1.08, it's poised to take on the next resistance at 1.17 and beyond.
Buy signals have been triggered by the Stochastics and MACD.

It's all systems go until the announcement on or before this Friday!
Gearing up for another run to 0.90...first pitstop.

After 4pm, expect the 2nd wave to test 0.90!