HEITECH PADU BHD

KLSE (MYR): HTPADU (5028)

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Last Price

2.10

Today's Change

-0.03 (1.41%)

Day's Change

2.08 - 2.13

Trading Volume

1,911,800


3 people like this.

3,846 comment(s). Last comment by Ron90 22 hours ago

meisarel

588 posts

Posted by meisarel > 2020-06-04 10:46 | Report Abuse

Something is brewing related to Dapat Vista (MyPay) in which HtPadu still owns 44% of it.

This is judging on Sinotop price movement. Sinotop is currently own 56%

lee9fold

4,730 posts

Posted by lee9fold > 2020-06-06 00:38 | Report Abuse

If can sustain above 1 then still healthy.
Hopefully a base can be formed around this level, and when good news comes in then definitely it will move further upwards.

meisarel

588 posts

Posted by meisarel > 2020-06-07 19:11 | Report Abuse

As per agreement, HTPadu will eventually pare down its holdings in Dapat Vista to 20%.

mf123

141 posts

Posted by mf123 > 2020-06-08 00:20 | Report Abuse

will up soon..

mf123

141 posts

Posted by mf123 > 2020-06-08 00:20 | Report Abuse

buy..buy..buy.. don't miss the boat

lee9fold

4,730 posts

Posted by lee9fold > 2020-06-08 00:37 | Report Abuse

mf and mf123 same ppl? lol

mf123

141 posts

Posted by mf123 > 2020-06-08 11:25 | Report Abuse

not same ppl...

mukhriz02023

1,291 posts

Posted by mukhriz02023 > 2020-06-08 11:27 | Report Abuse

mf as in mother fu**er?

lee9fold

4,730 posts

Posted by lee9fold > 2020-06-08 14:02 | Report Abuse

lol mukriz, long time no see, sold off htpadu already?

meisarel

588 posts

Posted by meisarel > 2020-06-09 11:14 | Report Abuse

Regaining strength.... looks like ready to scale higher soon after a brief nap. Power nap maybe

lee9fold

4,730 posts

Posted by lee9fold > 2020-06-09 18:20 | Report Abuse

the chart is still healthy, i think htpadu, dsonic and myeg will fly tgt in near term, hopefully

6257

1,650 posts

Posted by 6257 > 2020-06-09 19:33 | Report Abuse

Fxck 5028,buy 0218 faster lo

meisarel

588 posts

Posted by meisarel > 2020-06-10 10:48 | Report Abuse

There u go

Posted by mastertrader > 2020-06-10 15:55 | Report Abuse

yeah gogo htpadu

meisarel

588 posts

Posted by meisarel > 2020-06-10 17:00 | Report Abuse

Good closing. Encouraging volume too.... more to come

6257

1,650 posts

Posted by 6257 > 2020-06-10 18:03 | Report Abuse

1.10 strong support sia

6257

1,650 posts

Posted by 6257 > 2020-06-10 19:10 | Report Abuse

Maybe this week will limit up

Posted by mastertrader > 2020-06-10 20:58 | Report Abuse

tomorow gap up 1.3

mf123

141 posts

Posted by mf123 > 2020-06-10 21:26 | Report Abuse

i already gain from this counter...tq htpadu..

meisarel

588 posts

Posted by meisarel > 2020-06-10 21:37 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/06/10/my-eg-services-buys-10-stake-in-immigration-security-firm-s5

MyEG bought 10.5% HTPadu.....In Dec 2019
Now MyEg boutght 10% S5..... in June 2020

Both HtPadu and S5 rumoured to be strong contender for NIIS. Something is cooking!!!

Posted by pgdragon18 > 2020-06-11 11:46 | Report Abuse

if the company still can not provide gd positive result with so many projects in hand esply the newly awarded rm120m project then the managements should b accountable & b...........

Posted by mastertrader > 2020-06-11 14:32 | Report Abuse

matket today not so good but htpadu should be ok let collect more..

6257

1,650 posts

Posted by 6257 > 2020-06-11 16:55 | Report Abuse

Y today market not good?

6257

1,650 posts

Posted by 6257 > 2020-06-16 13:11 | Report Abuse

1.10 coming

Condom003

163 posts

Posted by Condom003 > 2020-06-17 13:07 | Report Abuse

TS wong learnig lesson from election alrdy..so never put all Eggs inside Myeg...seperate to Htpadu

6257

1,650 posts

Posted by 6257 > 2020-06-18 07:01 | Report Abuse

Today got chance touch 1.10 again.

sowQ

331 posts

Posted by sowQ > 2020-06-18 12:35 | Report Abuse

something brewing in this stock...must not miss the boat.

lee9fold

4,730 posts

Posted by lee9fold > 2020-06-18 12:43 | Report Abuse

htpadu, myeg, dsonic, sinotop, presbhd, connect - all related to NIIS

Condom003

163 posts

Posted by Condom003 > 2020-06-18 13:22 | Report Abuse

Htpadu b4 covid alrdy price 1.26 while get PNB IT contract

sowQ

331 posts

Posted by sowQ > 2020-06-18 14:19 | Report Abuse

collect collect

6257

1,650 posts

Posted by 6257 > 2020-06-18 20:39 | Report Abuse

Tomorrow show time

Posted by moolahmaker > 2020-06-22 16:36 | Report Abuse

go go go

Posted by moolahmaker > 2020-06-22 16:36 | Report Abuse

tp 1.35

6257

1,650 posts

Posted by 6257 > 2020-06-23 19:15 | Report Abuse

Tomorrow below 1.00

6257

1,650 posts

Posted by 6257 > 2020-06-25 19:07 | Report Abuse

Sell 1st

6257

1,650 posts

Posted by 6257 > 2020-06-26 19:39 | Report Abuse

Below 1.00

Posted by hasanhusin > 2020-06-30 12:21 | Report Abuse

Any news?

Posted by Richard Lee > 2020-06-30 17:36 | Report Abuse

boleh tahan la

6257

1,650 posts

Posted by 6257 > 2020-07-01 10:15 | Report Abuse

1.05 coming

Posted by mastertrader > 2020-07-01 11:48 | Report Abuse

gogo fly today 1.2

LiimInvest

2,267 posts

Posted by LiimInvest > 2020-07-01 12:17 | Report Abuse

QR got improvement

Posted by mastertrader > 2020-07-02 09:25 | Report Abuse

gogogo let fly together..

High5

1,269 posts

Posted by High5 > 2020-07-02 09:51 | Report Abuse

This consortium is frontrunner for RM1.5 bil immigration system contract
By Xavier Kong | an hour ago | Mainstream

A consortium between MyEG Services Bhd, HeiTech Padu Bhd and S5 Systems Sdn Bhd is among the frontrunners for the National Integrated Immigration System (NIIS).

This is an RM1.5 bil project expected to be awarded during the third quarter of this year. The contract is for a total of 4.5 years including three years of development, six months of monitoring and a final year of maintenance.

After that, there is another maintenance contract which would be around 15%-20% of the value of the project.

Names have been bandied about. The usual suspects include listed companies Datasonic Group Bhd, Iris Corp Bhd and Scicom (MSC) Bhd. But it is the MyEG-HeiTech Padu-S5 Systems consortium that has been gaining some traction of late.

The most obvious link between the three companies is entrepreneur Wong Thean Soon, who owns MyEG which in turn plans to acquire a 10% stake in S5 Holdings Inc, the holding company of S5 Systems.

MyEG is expected to fork out RM90 mil, of which RM75 mil is in cold hard cash, while the remainder will be in MyEG shares.

Wong owns about 20% of MyEG directly and also through his vehicle, Asia Internet Holdings Sdn Bhd, which sits on a 37.6% stake.

But Wong also has a presence in HeiTech Padu through Asia Internet with a substantial 10.4% in HeiTech Padu, according to the latter’s 2019 annual report.

The other owner of Asia Internet is MyEG executive chairman Norraesah Mohamad. She was also an Umno supreme council member from 2000 to 2013.

And, HeiTech Padu has links to S5. One of its shareholders is AIX Shares Sdn Bhd which owns a meagre 0.79%, according to its annual report. AIX is wholly owned by offshore entity Merrington Assets Ltd.

Merrington owns a substantial stake in S5 Holdings and is the party that is being engaged by MyEG in the latter’s bid to acquire the 10% stake owned by Merrington in S5.

According to a Bursa filing dated June 30, the company Merrington had nominated is none other than AIX Shares.

Incorporated on July 5, 2019, AIX Shares has a sole director, Ng Hong Sing, who was among a string of individuals, together with Wong, involved in the alleged manipulation of MyEG shares between Jan 16, 2007, and April 24, 2007.

Wong entered into a settlement with the Securities Commission Malaysia in the sum of RM7 mil when he agreed without admission or denial of liability to settle the claim.

Other key shareholders of HeiTech Padu include Permodalan Nasional Bhd (PNB) which owns a 6.96% stake as well as Padujade Corp Sdn Bhd with a 24.85% stake.

Padujade has a string of shareholders including Perbadanan Usahawan Nasional Bhd (PUNB) with a 4.95% stake.

PNB and PUNB are wholly owned by Yayasan Pelaburan Bumiputra (YPB), whose chairman is Prime Minister Muhyiddin Yassin. Meanwhile, Tanjong Karang MP and Umno strongman Noh Omar is expected to helm PUNB.

Technically, the MyEG-HeiTech Padu-S5 Systems consortium presents itself as a strong front. MyEG itself received a three-year extension yesterday from the government to provide the online service for the foreign worker temporary employment pass which is worth an estimated RM208 mil.

But HeiTech Padu has a troubled past with its handling of the NIIS’ predecessor, the Malaysia Immigration System (MyIMMS).

HeiTech Padu was appointed by the Ministry of Finance, then headed by Najib Razak when he double hatted as prime minister, on Nov 1, 2010, through direct negotiation.

The Auditor General’s Reports 2015 and 2018 highlighted issues with the MyIMMS, including “losses in government revenue” in the latter report. The Malaysian Anti-Corruption Commission and the Home Ministry were looking into the issues.

But the flashpoint was in May 2016 when an insider syndicate in the Immigration Department was busted for sabotaging the MyIMMS after it successfully siphoned off RM1 bil.

Heitech Padu came out to defend itself that year after being criticised for putting out a shoddy product. The company denied that MyIMMS had been compromised but admitted that the system is susceptible to power outages and internet service disruptions.

But Heitech Padu also believed it was made the scapegoat for a structural problem much bigger than itself: poor overall system integration as many databases were developed and maintained by various vendors.

This led the Najib government to announce an overhaul of MyIMMS, hence the NIIS. Whether the NIIS can be successfully executed is another question that is worth raising given the many vested interests in the project.

Also, there is an element of mystery with S5, as its major shareholder NSA Technology is owned by an offshore or overseas entity NSA Technology (L) Inc.

But its sole director is Syed Mohammad Hafiz, who is from the Perlis royal family. His father, Syed Razlan Syed Putra Jamalullail, is the younger brother of Raja Perlis Tuanku Syed Sirajuddin Putra Jamalullail.

High5

1,269 posts

Posted by High5 > 2020-07-02 09:51 | Report Abuse

Buy Now & Keep

Posted by mastertrader > 2020-07-02 18:39 | Report Abuse

woww nice closing tomorrow sure up again

6257

1,650 posts

Posted by 6257 > 2020-07-02 20:42 | Report Abuse

Tomorrow 1.15?

6257

1,650 posts

Posted by 6257 > 2020-07-03 13:05 | Report Abuse

1.20 coming later

Posted by mastertrader > 2020-07-03 15:00 | Report Abuse

yeahh enjoy ride guysss

Posted by mastertrader > 2020-07-03 15:00 | Report Abuse

fly to the sky..

Posted by iskandar5156 > 2020-07-03 19:48 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/07/03/mypay-integrates-over-300-govt-services-digitally

time to fly..htpadu is major shareholder of Dapat Vista..

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