Streets cut their FY19F/FY20F/FY21F forecasts by 20.9%/11.4%/2.9% on assumption of lower MyKad and passport deliveries and at lower rates given the PH government’s more prudent policy undertone.

1QFY2019 ended June 2018 posted a net profit of RM7.394 million on lower revenue of RM48.784 million versus a net profit of RM17.41 and revenue of RM64.641 million on 4QFY2018. Its 4QFY18 revenue also fell 30.2% yoy to RM65m on lower delivery of personalisation services and passports.

dead cat bounce ?

Back to unchanged ? sighssss....

Sellers still huge

Rebound quite slow compared to MTED & Presbhd

Volume coming...

MYEG looks good. Dsonic when is your turn ?

RED again....

waiting for strong n fast rebound..

In fact volume thin compared to Last friday and Monday. Perhaps selling pressure is getting lesser

Is normal when a counter going up all d way then there eill b many sifu come out call 4 buy based on their analysis n theory.... when a counter down trend then many sifu also will come out to call 4 sell with all sort of reasons.... no one is always right. ... trade at yr own risk.. Equity market is either up or down

Cbb also acquired few millions shares before... the price also down all d way

Bleeding non stop

RM2.19... what went wrong ?

A stock plunge without any reason ? Scary........

what is wrong with this counter ??

Who cares ? We all just want Dsonic to surge

Dsonic just wait for technical rebound if there is no good news coming out....

MYEG so strong.. stay above RM1.35

told u the sellers is "huge"

The power of PH... making RINGGIT n Bursa plunge

Sellers is greater than buyers... one transaction can dump few thousands shares. be careful

everyone lost confident.. all selling

Terrible....

coming down ..scary RM0.435 RM0.44

KUALA LUMPUR (Oct 23): BIMB Securities Research hss downgraded Datasonic Group Bhd to “Hold” with a lower target price of 50 sen (from RM1.20) based on WACC: 11% and LT growth rate of 0%.

In a note today, the research house said the recent charges involving its Director has created an overhang over Datasonic’s earnings visibility in view of its strong reliance on government contracts.

Last week, former deputy prime minister Datu Seri Abdul Zahid Hamidi was charged with received gratification as Home Minister for a cheque worth RM5 million from Datasonic’s Director, Chew Ben Ben, on 26 Apr 2017.

Datasonic had won a direct tender contract from Home Ministry to supply Malaysian passport chips (worth RM318.75 million).

Datasonic clarified that the contract for passport chip supply, worth RM318.75 million, was secured in 2015 – circa 1.5 years prior to the submission of cheques.

BIMB Securities said the charges involving its Director has created an overhang over Datasonic’s earnings visibility in view of its strong reliance on government contracts.

“In our view, this heightens the risk of the existing contracts being re-tendered and thus it may lead to new entrants,” it said.

IMB Securities downgrades Datasonic ? TRUE ? I don c the report ?

Very weak,,, donno cut or wait. Sighs.........

Whatever it is... small investors like me suffer....

I think is oversold... tomorrow will b green

Iris is even cheaper....

MYEG really strong....

how many % share traded these two days (Last Friday & today ?

why all like to post old news ?

Selling pressure is great

Going down..........

Old news...last season

Lols.... Iris sues Dsonic for copying its tech ?

Jangan,, nanti share collapse

MYEG also pare gain.... any latest news >??

Oocchhh... RED again ???

Please read the announcement "Datasonic Technologies Sdn Bhd ("DTSB") has won a 5-year contract to supply passport polycarbobate datapages and printing system based on per passport produce through open tender in April 2012. DTSB was awarded for the supply of 12.5 million chips on 15 December 2015 based on value proposition of enhanced chips security (to put the chips bonded into the polycarbonate datapage instead of at the back of passport cover) and 15% lower pricing as compared to the previous vendor that provided a total saving of RM56.25 million to the Government over a period of 5 years. "

Iris ?? if open tender also can't compete with Dsonic.

YES... Green.. RM0.51

come on.. still red... MYEG bound so fast and strong

selling pressure still....

i yo.... MYEG rebounds but Dsonic down.... how come

Everything is not confirmed yet. Why se at this price ? Even confirmed later the company will go bankrupt ?

Transmile is diff.... Dsonic has d fundamental. Don forget your IC n passport are produced by Dsonic.