HTPADU - REQUEST FOR SUSPENSION HEITECH PADU BERHAD
Kindly be advised that at the request of HTPADU, trading in the Company's shares will be suspended with effect from 2.30 p.m, Thursday, 26 November 2020 pending a material announcement.
HeiTech Padu was the developer of the incumbent Malaysian Immigration System (myIMMS), first used by the government in 1993 and which the National Integrated Immigration System (NIIS) will replace.
HeiTech Padu announced that it had entered into a memorandum of understanding (MoU) with Regal Orion Sdn Bhd (RO) to explore all possible business collaborations to unlock potential business synergies via their respective competitive advantages and enhance data centre-related business activities in Malaysia.
This includes sharing information in data centre-related business technical competencies and exploring future business potential in the large customer market segment of Malaysia,” said HeiTech Padu.RO’s principal activities involve engineering, construction and project management, specifically in the data centre development sector and ancillary activities.
HeiTech Padu noted that the MoU is not expected to have any material effect on the company’s net assets per share, earnings per share, gearing, share capital and substantial shareholders’ shareholdings for the financial year ending Dec 31, 2020 (FY20). None of the directors, major shareholders of the company and persons connected to them have any interest, directly and/or indirectly, in the MoU, it said.Earlier in September, HeiTech Padu confirmed that it is one of the bidders for the government's NIIS project.
This counter will have much higher T/O tmrw morning to “encourage” buying. And then it will drop fr high T/O from 9.02AM to 9.30AM. And then it will consolidate
This is called sell on announcement. Happens all the time. Operators at work
I don’t think it will fall below 1.65 bcoz there will be support fr them and their operators later
yesterday just breakout 1.62 and if not suspended today maybe will try to break previous high 1.80. maybe if sell on news will not drop below 1.62, i studied this counter for one month and TA is very effective on this one. i in and out for few times already and never loss with this counter. htpadu is my darling haha
KUALA LUMPUR (Dec 4): MyEG Services Bhd (MyEG) has secured a three-year extension for the e-government services it provides.
In a bourse filing today, the group said the Ministry of Transport (MoT) had granted the extension from May 23, 2020 to May 22, 2023.
It said the extension is in the best interest of the company, and expected to contribute positively to earnings and net assets per share of the company for the financial year ending Dec 31, 2020 (FY20) and thereafter.
“An agreement to formalise the extension will be signed and announced by the company in due course,” it said.
On May 23, 2000, MyEG entered into a concession agreement with the government for the electronic delivery of driver and vehicle registration, licensing and summons services, and utility bill payments (e-services) for a minimum tenure of 15 years.
On May 21, 2020, the group received an official notification from the government to continue with the provision of the e-government services until June 30, 2020.
At the noon break today, MyEG was 18 sen or 10.84% higher at RM1.84, valuing the group at RM6.25 billion. It was among the top gainers in the morning session today.
MyEG Services Bhd, which has inked a deal with China’s Anhui Zhifei Longcom Biopharmaceutical Co Ltd (Zhifei) to supply its vaccine, believes the government will also secure supplies from the private sector.
As for MyEG, Wong notes that the price of its vaccines will depend on volume, but it will still be competitive.
The company has been engaging with the Ministry of Health and relevant authorities on its planned distribution.
Under the deal with Zhifei, MyEG has the exclusive rights for the distribution of the vaccine in Malaysia for a three-year period.
Zhifei — a subsidiary of Chongqing Zhifei Biological Products Co Ltd, which is listed on the Shenzhen Stock Exchange — is one of five Chinese companies conducting Phase 3 clinical trials. Zhifei has enjoyed a 200% jump in its share price year to date.
MyEG’s share price surged to a high of RM2.19 on Dec 7 and has gained 80.9% year to date.
MyEG says it will complete local Phase 3 clinical trials under the supervision of Clinical Research Malaysia (CRM) to ensure that the vaccine is safe and meets the efficacy requirements for the country’s population of 33 million.
“We intend to strengthen the competencies of our team by bringing on board, where necessary, people with the right experience, expertise and skill sets along different stages of the journey.
“We are ready to start and are engaging CRM and a clinical research organisation to finalise the timeline.”
For My EG Services Bhd (MyEG), investors may have to ignore the noises and focus on contracts that it has in hand, which will be a reflection of its earnings potential.
Despite the evolving political landscape, many of MyEG's e-government contracts have been renewed. Not just that, the company has also been given new contracts, for instance to operate the MySafeTravel for the Ministry of Health, which is a digital health pass system for incoming travellers from abroad.
It also runs a portal to help companies arrange for the subsidised Covid-19 tests for staff, both local and foreign. The company has carried out roughly 200,00 Covid-19 test screenings since the service was launched at end-June 2020 until October 2020.
It also offers new services for the Road Transport Department, such as online renewal of motorcycle insurance, road tax and driver's licence.
MyEG also made headlines for acquiring a 10% stake in S5 Holdings Inc, which was a contender for the RM1.8 billion National Integrated Immigration System contract. Subsequently, shareholders of S5 decided to seek a backdoor listing through Ancom Logistics Bhd.
MyEG is seen to be a victim of the changing political landscape. That said, given that its existing contracts with government agencies have been renewed, and new jobs granted, the company could be a counter to look out for in 2021.
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....
Stanley Gan Cong Siong
13 posts
Posted by Stanley Gan Cong Siong > 2020-11-26 14:21 | Report Abuse
Htpadu request for suspension... Got something coming...