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2020-09-12 00:54 | Report Abuse
Summary of TanSri DrLim interview 11/9/2020
https://www.facebook.com/111446420563070/posts/135208038186908/?sfnsn=mo&extid=fepj2FpokTwtJb7L
2020-08-06 00:12 | Report Abuse
NIISE is a complicated project , it’s serves as a core system to integrate Hardware and software of the entire Immigration department.
Myeg team up with Htpadu and S5,
Only Htpadu had past experience for such system,
And unfortunately they delivered a failure project - - MyImms system (which is currently used by Immigration department )
Myeg and s5 business model are mostly middleman oriented, like PLKS , NERS, and ICS, whereby no high end technology involved .
Can anyone enlighten me ?
2020-07-24 11:57 | Report Abuse
Relax bro yeochingu
Just a friendly reminder
Don’t be angry
Relax
2020-07-24 11:54 | Report Abuse
Yes, the problem is,
All of this process will be integrated with NIISE and phase out middleman model.
There might be a tendency where Government will absorb the earning, rather than give it out to private company.
A good example is currently Immigration department started to launch its ePLKS system, to mitigate the traffic flow from Myeg PLKS system.
2020-07-24 11:44 | Report Abuse
[forwarded from telegram group]
Dear investors ,
Please do read this with open heart,
There are a lot rumors circulating in the market saying that S5 has a strong fundamental and possess strong technology.
Based on my research,
I think a lot investors ignored the facts of its business model.
I’ve seen a lot gurus in the market assuming a very premium valuation (30x PE) based on their FY2019 PAT earning of approximately RM60m
For our country foreign workers recruitment progress,
It involves a lot of “extra payment” before the official hiring into Malaysian job market.
For example, a foreign worker who wish to get a job in Malaysia , need to pay for 1) ICS 2) VLN 3)PLKS 4)NERS , only then they can get hired .
Companies like S5, Bestinet, UKSB , MYEG are involved in these processes and hence you see a very lucrative high margin earnings.
S5 is involved in ICS and NERS
For each foreign worker they will make around RM105 for ICS and RM50 for NERS
is there any high technology involved in this process ? I’m afraid no..
Their contract was given by previous BN-led government and the contract shall expiring in 2022/2023
The backdoor-listing shouldn’t be relate with the award of NIISE but the valuation of the company.
The earning for FY2019 was approximate RM60 , but for coming 1-2 years , since our Ministry of Human Resources is already freezing the entry of new foreign workers for labor market, so the earning might be facing decline in future.
Please invest with care.
Wish you all make money in the market
Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD
2020-09-12 00:54 | Report Abuse
Summary of TanSri interview 11/9/20
https://www.facebook.com/111446420563070/posts/135208038186908/?sfnsn=mo&extid=fepj2FpokTwtJb7L