Posted by pang72 > 2020-06-29 20:59 | Report Abuse

...... Market is bad....
.. My sifu said wait till sky clear...

Posted by Redplanet > 2020-06-29 22:57 | Report Abuse

Date of change Shares Director/
Substantial Shareholder
24 Jun 2020 Acquired
947,000 URUSHARTA JAMAAH SDN. BHD.

Posted by xdar > 2020-06-30 11:10 | Report Abuse

https://focusmalaysia.my/mainstream/imminent-award-of-rm1-5-bil-immigration-system-contract-sets-tongues-wagging/

Posted by xdar > 2020-06-30 11:12 | Report Abuse

when will the IIS contract be awarded?

“Yes, we are in the running and are confident of securing this project. We shall announce and update soonest possible once available,” Datasonic chief operating officer Danny Chew told FocusM"

CBB sounded so confident

Posted by kobethebeagle > 2020-06-30 11:27 | Report Abuse

Expected to be announced in August/September, with Dsonic and S5 as the favorites.

Posted by Riaz1954 > 2020-06-30 13:29 | Report Abuse

Towards end of August

Posted by xdar > 2020-06-30 14:56 | Report Abuse

Hmmm, ok. Thought earlier heard was June announce...

Posted by yukang89 > 2020-06-30 15:22 | Report Abuse

https://www.klsescreener.com/v2/news/view/695839

Posted by xdar > 2020-06-30 15:31 | Report Abuse

Datasonic doesn't seem like the likely winner in this article

Posted by kobethebeagle > 2020-06-30 15:41 | Report Abuse

The main target in this article is S5, and the author cleverly leave out Dsonic, didnt mention anything about Dsonic strength. That's why it is Dsonic vs S5 now.

Posted by SunTzu888 > 2020-06-30 16:00 | Report Abuse

If you follow Thx Edgx long enough, you know they don't like to write much about Dsonic.

Posted by hero666 > 2020-06-30 16:18 | Report Abuse

142?! Wth is happening

Posted by stephenking > 2020-06-30 17:10 | Report Abuse

time to collect ya.

Posted by chengyee > 2020-06-30 18:22 | Report Abuse

Collect more at rm1

Posted by chengyee > 2020-06-30 18:52 | Report Abuse

Didn't mention anything about Dsonic. That's why it is Dsonic vs S5?

Lol one of the best.. I only can laugh until it makes sense and I keep laughing. Need help with some beer.

Posted by kobethebeagle > 2020-06-30 19:34 | Report Abuse

I don't usually reply to troll, but this is a very good question that I forgot to explain here, hopefully chengyee with IQ of 3 years old can understand.

The author of that article in TheEdge purposely left out DSonic, it is the author own agenda, I won't dig deep to it.

Here is why I say it is Dsonic vs S5, nothing to do with that article.

1. Dsonic is managing Malaysia IC, passports etc, national security stuff, this is their field.
2. S5 Sdn Bhd is a company that handle biometric security, currently with no government contract.
3. The main reason NIIS is open for tender again is because of cost, each companies need to provide the lowest cost, the government already know what they need, it's the cost that matter now.
4. Let's say Dsonic and S5 has the same technology level, so which company can provide the lower cost?
5. Dsonic with their existing system, can integrate the info and system into the NIIS, which I think will dramatically reduce the cost, where as S5 need to start from scratch.
6. Who is in the better position is up to your judgment, do more research, make your own conclusions.

Hope my information helps! I'm giving it for free, so if you don't like it, not my problem, just ignore it.

Posted by chengyee > 2020-06-30 20:58 | Report Abuse

Simply denial of what S5 does. Who has a ready system and who needs to develop more also can get it wrong.. gone case.

Posted by birkincollector > 2020-06-30 21:01 | Report Abuse

which ever party has better "connection" with current government will get NIIS.....not so much on technology, cost blah blah blah...its all connection and money....lets be real

Posted by pojiekun > 2020-07-01 07:59 | Report Abuse

lol why waste time to argue on who have the best shot to get the contract. Just buy both share dsonic & myeg laaa. Why want to put all money in 1 basket only?? Putting aside the contract, both companies have good fundamental too. Looking at the market uncertainties due to covid, people will eventually go back to fundamental .

Posted by chengyee > 2020-07-01 09:55 | Report Abuse

Better run now..dont get trapped

Posted by Donator > 2020-07-01 10:13 | Report Abuse

dont worry...roller coaster will up after down

Posted by Riaz1954 > 2020-07-01 10:38 | Report Abuse

Who pays most will get contract simple! Nothing to do with rationale and capability. That’s the way it works, not just here but many countries! British Aerospace defence contracts is point in case ..except those guys deal,in real big big money like 30b sterling contracts!

Posted by kobethebeagle > 2020-07-01 10:45 | Report Abuse

Pres Bhd lost the contract because it is too expensive, and then the government open tender to get the lowest price. So cost is the most important thing here assuming that each company is able to provide the same service. This is an open tender, so under table deal will be at minimum, most of the finalist companies does have political connections.

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

I would be pleasantly surprised if contract is awarded so soon as we are dealing with foot dragging bureaucracy

Posted by ~Patient Investor~ > 2020-07-01 16:44 | Report Abuse

Keep collecting from 1.40-1.42,,,, once done, sure shoot up ard......

Posted by ~Patient Investor~ > 2020-07-01 16:55 | Report Abuse

If able to close 1.43, that is a bonus

Posted by chengyee > 2020-07-01 17:21 | Report Abuse

So it is S5(myeg10%) vs Dsonic.
You better dont compare dsonic with myeg price today, later you cut loss dsonic and blame rm1 caller. Lol

Posted by chengyee > 2020-07-01 17:25 | Report Abuse

Last week same thing.. keep collecting 1.50-1.52, once done, sure up. How come rm1.4 now?

Posted by ~Patient Investor~ > 2020-07-01 18:09 | Report Abuse

dailou ah, market down last week ler.......all in red....apa lagi you mau?

Posted by chengyee > 2020-07-01 18:19 | Report Abuse

Mau rm1?

Posted by bigdaddy > 2020-07-01 18:21 | Report Abuse

95 cents can mar?

Posted by chengyee > 2020-07-01 20:39 | Report Abuse

Sure can.

Posted by Chris6601 > 2020-07-01 21:02 | Report Abuse

I olso waiting Dsonic-wa rm 0.80

Posted by chengyee > 2020-07-01 21:17 | Report Abuse

Wa can get at 0.40

Posted by Vxturbo > 2020-07-01 22:32 | Report Abuse

幼稚DSONIC都没有跟MYEG争外劳这个合约

Posted by lee9fold > 2020-07-01 23:13 | Report Abuse

before move up must keep pressing until all the newbie throw first

Posted by kobethebeagle > 2020-07-02 08:51 | Report Abuse

The correction period should be over, hope to have a smooth sailing up starting today! Dow Futures doesn't look like having a big drop today. Now just need to wait for a big volume to bring it up. MYEG and Dsonic always takes turn to shoot up.

Posted by trader99 > 2020-07-02 09:11 | Report Abuse

Myeg get extension for PKLS, foreign worker system means myeg is now out from the NIIS contract. It will not be wise for gov to award the contract to myeg (to be seemed as monopoly), so it is now clear Datasonic will be the front runner for the NIIS Contract...

Posted by Lida Rashid > 2020-07-02 09:27 | Report Abuse

exactly, thats what i thought since ystdy....hopes we are right....

Posted by kobethebeagle > 2020-07-02 09:34 | Report Abuse

1 more month to go for NIIS to be announced, close to the announcement date, Dsonic, MYEG and HTPadu price will surely shoot up.
Recalling previous article on FocusMalaysia, S5 although has the expertise for biometrics, however the ownership of the company is very much unknown. So the government might not want to risk our national security on this unknown. Unless the unknown is someone in the government.

Posted by talentgrade > 2020-07-02 10:18 | Report Abuse

Congratulations MyEG for getting three-year extension to provide foreign worker pass online renewal services.
That might as well mean NIISe for Dsonic. Hahahaha. Hope it is true :)

Posted by lancefire > 2020-07-02 12:03 | Report Abuse

Looks like put warrants not doing that good yeah

Posted by vespa > 2020-07-02 13:25 | Report Abuse

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.

Syed Razlan himself was also former Arau MP, and he had joined Bersatu from Umno on July 15, 2018. – July 2, 2020

Posted by vespa > 2020-07-02 13:26 | Report Abuse

Article. from Focus

Posted by kobethebeagle > 2020-07-02 13:41 | Report Abuse

S5 is their strength and also weakness.
It will be interesting to see if the consortium involving few parties will be able to provide lower cost than Dsonic.

Posted by chengyee > 2020-07-02 13:46 | Report Abuse

Sold put warrant on monday with small gain as posted if anyone is wondering la..as it was meant for quick fun trade. Ikan bilis gain. And when sell put I usually switch to call...and vice versa.

Anyways, just disregard ppl with no credibility la.

Btw.. Those who bought wa at 57 now only breakeven?

Tp rm1 coming.

Posted by vespa > 2020-07-02 13:53 | Report Abuse

I wonder how reliable these Focus articles as it seems to issue weekly updates

Posted by kobethebeagle > 2020-07-02 14:05 | Report Abuse

@vespa Papers like TheEdge and Focus are good to collect more info for your own analysis, just don't rely on it for a decision because if newspapers confirmed a news, it is already old news.

Posted by vespa > 2020-07-02 14:40 | Report Abuse

thanks kobethebeagle. Ramunia comes to mind in 2008/9 with these clowns making predictions and it all came to nought. Been in this game long before I can remember with UE Singapore and Plus formation ... always with a pinch salt and but appreciate your advice as offered in the right spirit

Posted by joyvest > 2020-07-02 17:10 | Report Abuse

somehow, DS also benefist out of the contract awarded to MyEg as DS could be one of the partners ...........