And no one will know, even S5 boss or Ancom boss won’t know exactly 100% the deal get through or not. Coz can be either party last minute make tolerance and accept the terms & conditions!
Among S5 key projects with the Malaysian Immigration Dept are the I-kad , National Enforcement and Registration System (NERS) and the Immigration Security Clearance (ISC) projects. S5 is the key technical provider for these projects using its Nexcode system . These projects contributed more than 93% of its FY16/FY17 revenues. The i-kad is a government issued identity card for registered foreign workers , expatriates and their dependants in Malaysia. The i-Kad is a straightforward contract and is not a concession . S5 subsidiary S5 Biotech is the contracting party with Percetakan Nasional Malaysia Berhad that is responsible for supplying the card . The i-Kad was gazetted by the government on Feb20,2018 . The NERS project was established by the government to enable a nationwide registration and monitoring for all foreigners into and from Malaysia. The contract tenure is for 12 years from 2011 to 2023 . The ISC project functions as the first mandatory step of screening of prospective foreign workers as the application process takes place in their respective home countries. Purpose of ISC is to help the government combat unwanted or blacklisted foreign workers and the detention or deportation of foreign workers after arriving in the country . In 2017, S5 was appointed by Heitech Padu to integrate the foreign workers medical examination (FOMEMA) system with the Immigration Dept system and provision of biometric verification capabilities at all clinics nationwide . Only foreign workers with their fingerprints recorded under the biometric system can go through helath screenings before getting employment. FokusM Nov30-Dec2019
I guess its fall by nasdaq burst fear. All semi cond down . Consolidation coming. Alb already gain a handsome upside. Cant prevent from it too. Could fall further somemore, but not much. I guess
Iristan...even if NISS is divided among 4 plcs, S5 still benefits cos 2 or 3 of the plcs submitted the tender together with S5. Correct me if i m wrong
Dont b fooled by this monkey. Iristan. He is laughing under the table. Collect at 4 cent . Big nonsense. He thinks the buyer in off market transac is as stupid as him. Lol. think it shd trigger the rto soon by mth end. S5 desperately want to b listed. Still 1 to 2 months to go.
CYBERJAYA (Sept 8): HeiTech Padu Bhd today confirmed that it is one of the bidders for the government's National Integrated Immigration System (NIIS) project.
"Yes, we are bidding [for NIIS]," the technology services provider's executive vice president Abdul Halim Md Lassim told reporters at the sidelines of a product launch event here.
When asked about the company's partners for the bid, Abdul Halim declined to comment but said the industry's way forward is through partnerships, as each player has its own unique expertise and experience.
"As the technology becomes more complicated, our way of doing things moving forward is through collaborations, where we provide a combined value proposition to the customers," said Abdul Halim.
HeiTech Padu was the developer of the incumbent Malaysian Immigration System (myIMMS), which was first used by the government in 1993 and which the NIIS will replace.
Abdul Halim said the company is confident of its expertise in back-end development, as well as in helping organisations make the transition from legacy systems, such as the myIMMS, to newer platforms.
The Edge Malaysia, citing a tender document sighted by the weekly, reported in its June 22 edition that HeiTech Padu was one of 25 bidders for the project, with bids coming in between RM1 billion and RM1.8 billion.
Citing sources, the report said My EG Services Bhd (MyEG) was bidding for the contract with HeiTech Padu and S5 Systems Sdn Bhd as a consortium.
MyEG's 20.86% shareholder Asia Internet Holdings Bhd also holds a 10.39% stake in HeiTech Padu, according to their bourse filings.
Other companies bidding for the job included Iris Corp Bhd, Datasonic Group Bhd, Dagang NeXchange Bhd, Dataprep Holdings Bhd, Scicom (MSC) Bhd, Omesti Bhd and Kumpulan Fima Bhd, the weekly reported.
It is unclear when the contract — meant to replace the RM3.5 billon National Immigration Control System contract awarded to Prestariang Bhd — will be awarded, having missed the August deadline that the market had expected.
Hahahamoneycome.....bought weeks agai at 48 sold 51. I have quite a portion so its better to cut my holding reduce some risks. I may be wrong in selling but i m doing whats right for myself.
Anyway, i hope it will rebound and the deal still intact and all in here can make a fortune. All the best. Cheers
Thank god still worth 0.40. Tot you mentioned below 0.30? No bluff this round? Then I Q at 0.40 tomorrow onwards.....thanks for your bloody fool advise. Pls continue to fool yourself around. And deserve to lose big in stock market.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Ken
678 posts
Posted by Ken > 2020-09-08 10:47 | Report Abuse
I disposed all already