DATASONIC GROUP BERHAD

KLSE (MYR): DSONIC (5216)

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Last Price

0.40

Today's Change

-0.005 (1.23%)

Day's Change

0.395 - 0.41

Trading Volume

3,268,200


74 people like this.

64,258 comment(s). Last comment by Markv572421 1 day ago

JuliusCeasar

1,216 posts

Posted by JuliusCeasar > 2021-06-09 11:27 | Report Abuse

I got rumours yesterday. Today all of political leaders would meet Agong. If the outcome of the meeting is good then this counter would go up at least 0.005 to 0.01 cents.

Just to share....

limkokthye

6,039 posts

Posted by limkokthye > 2021-06-09 22:20 | Report Abuse

mana chew ben ben?

DatoShare

29 posts

Posted by DatoShare > 2021-06-10 21:59 | Report Abuse

Already rotting in jail. Or waiting for zahid to rescue him.

Posted by Poknik_itdm > 2021-06-12 14:28 | Report Abuse

Waiting 4jerung..

Posted by Mr.Sm Invest123 > 2021-06-14 21:00 |

Post removed.Why?

KAQ4468

21,497 posts

Posted by KAQ4468 > 2021-06-15 01:07 | Report Abuse

Jerung pasti mari

JuliusCeasar

1,216 posts

Posted by JuliusCeasar > 2021-06-15 11:36 | Report Abuse

Steady DSONIC...

Posted by Newbieinvest123 > 2021-06-16 08:20 | Report Abuse

With the PM Announcement, Is time for Dsonic get recovery?

U1818

710 posts

Posted by U1818 > 2021-06-16 10:08 | Report Abuse

Good News.
+215,876 doses administrated yesterday (15-6-2021).

JuliusCeasar

1,216 posts

Posted by JuliusCeasar > 2021-06-16 11:01 | Report Abuse

Go go up!!

Vxturbo

397 posts

Posted by Vxturbo > 2021-06-16 15:21 | Report Abuse

DATASONIC Group Bhd’s new managing director Wan Zalizan Wan Jusoh is transforming it into an “institutionalised” entity as well as diversifying its revenue stream.

Appointed in late February, the ex-banker is trying to get institutional investors to put money into the security and surveillance technology services provider, which has long been labelled as “personality-driven” and “family-run”, and increasing the representation of these funds on the board of directors.

“I came in with one strong objective, which is to institutionalise Datasonic,” says Wan Zalizan in an exclusive interview with The Edge.

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For a start, in April, the group completed a private placement exercise involving the issuance of 262 million new shares, representing 10% of its total outstanding shares excluding treasury shares, he says. This increases the percentage of bumiputera shareholders in Datasonic to nearly 38%.


Besides that, Wan Zalizan says, Urusharta Jamaah Sdn Bhd has also been given representation on Datasonic’s board, giving it reassurance of its investment in the company. On May 31, Urusharta head of operations Azrul Yahaya was made a non-independent non-executive director.

Datasonic has been under the spotlight for the wrong reason since the 14th general election. A corruption crackdown launched by the then federal government had implicated Datasonic’s then deputy managing director and major shareholder Chew Ben Ben, who was alleged to have given RM6 million to then deputy prime minister and home affairs minister Datuk Seri Ahmad Zahid Hamidi.

The RM6 million was construed by the public prosecutor as a bribe for Zahid to facilitate the appointment of Datasonic Technologies Sdn Bhd (DTSB) to provide 12.5 million chips for Malaysian passports to the Immigration Department under a five-year contract through direct negotiations at the Ministry of Home Affairs.

However, Chew told the court that the RM6 million was a political donation to Barisan Nasional and that it came from DTSB’s director, Datuk Abu Hanifah Noordin.

Chew, who has a 17.4% stake in Datasonic, resigned as deputy managing director in March this year. His resignation comes on the heels of a corruption proceeding on March 18 involving himself and Pristina Ombak Sdn Bhd, an offshore vessel support company in which he once served as director. Chew has pleaded not guilty.

When asked about getting on board when the group was suffering from perception issues, Wan Zalizan says while the market had reacted in line with the news, he has devised various plans and strategies to encourage the market and institutional investors to consider Datasonic as a long-term investment.

“We are also in discussions and making rounds of presentation to prospective fund managers and institutional investors to provide them with a clearer picture of who we are,” says Wan Zalizan, who has worked at Exim Bank and the Maybank Group.

Among Datasonic’s strengths is its strong orders prospects, he says, adding that he is confident the group will add around RM900 million worth of orders this year, which will be implemented over the next two to five years.

At the moment, Datasonic’s order book stands at around RM420 million.

One tender that Wan Zalizan is very confident of securing is the Foreigner Identity Card, or i-Kad. He believes that Datasonic is ranked first in the i-Kad tender evaluation process, particularly in technical evaluation and assessment. “This is because the technology that we have proposed is the best, leveraging on unique security features that are present in the current MyKads and passports, such as a multipurpose card which is chip-enabled, durable, contactless and of quality material.”

The government is expected to award the RM150 million contract this year.

Due to the Covid-19 pandemic and the closure of borders, many people have not renewed their passports. According to Wan Zalizan, as at end-May, more than three million passports had expired.

This translates into a potential revenue of more than RM200 million for Datasonic once international travel resumes to pre-pandemic levels. “The recent National Vaccination Programme, albeit slower than expected, would definitely lead to the eventual lifting of international travel restrictions.

“We have seen that many countries, especially in the EU and Middle East, as well as our neighbours, have opened their borders to international travellers who have completed their vaccination,” he says. “We anticipate a huge spike in the demand and supply of passports in the third quarter of this year and the group is ever ready to meet the demand, given our proactive production processes.”

Vxturbo

397 posts

Posted by Vxturbo > 2021-06-16 15:22 | Report Abuse

Besides the i-Kad and the renewal of passports, Datasonic is also widening its net by participating in the recent Jalinan Digital Negara (Jendela) Initiative Phase 1, which involves the rollout of 4G spectrum at 106 clusters or 1,661 underserved locations nationwide. Datasonic is bidding for the construction of telco towers in 35 clusters involving 573 sites, which have an estimated revenue potential of RM560 million.

In January, Datasonic lost the much-coveted National Integrated Immigration System (NIISe) to Iris Corp Bhd. According to Wan Zalizan, Datasonic lost the tender because its bid cost around RM100 million more than Iris’.

He says Datasonic had proposed a full-fledged automated biometric identification system (ABIS) at all immigration entry and exit points, adding that the concept would lift the nation’s border security and surveillance system to a new quantum level. However, the enhanced security feature comes at an additional cost due to the hardware and software requirements, making Datasonic’s bid less competitive from the pricing point of view, he explains.

Wan Zalizan plans to diversify Datasonic’s revenue stream. Presently, the top-line revenue is close to 100% contributed by the government segment through the various contracts relating to MyKad, passports and autogates.

According to him, the plan is to diversify the group’s revenue stream to bring in contribution from the non-government segment to at least 20% in the next one to two years. One of the opportunities available is the Digital Economy Blueprint, he says. “Our immediate strategic focus shall be on getting ourselves into the sphere of B2B and B2C platforms. We believe that these platforms are more lucrative and sustainable, in addition to having lower operating costs.

“For this, we are currently undertaking in-depth studies in the digital financial services segment, which includes e-wallet, payment services and remittances. This could be achieved through either organic growth or via strategic collaboration with the players in the market,” he says.

Additionally, Datasonic is also looking to secure the contract for the development of the National Digital Identity (NDI), says Wan Zalizan. The contract is valued at around RM350 million.

Due to its expertise in cutting-edge identification document as well as security and surveillance, Datasonic is confident of securing the project, he says. Leveraging on these strong credentials (being an expert in security documents), we believe that Datasonic will be the preferred solution provider in support of the government’s digital transformation programme, especially the development of the NDI,” he says.

Datasonic is covered only by RHB Research Institute, which has a “buy” call on the stock. In a report issued last Thursday, RHB Research analyst Lee Meng Horng maintained the call and gave the stock a target price of 57 sen per share, which represents around 11% upside and 3% yield.

Lee expects a remarkable V-shaped earnings recovery for Datasonic on the pent-up demand for passports upon the rollout of vaccines and eventual relaxation of international borders. This is supported by its RM450 million outstanding order book.

For its financial year ended March 31, 2021 (FY2021), Datasonic saw net profit slump to RM7.3 million from RM60.322 million in FY2020 as revenue from the supply of passports, maintenance and personalisation services took a hit.

Datasonic closed at 51.5 sen last Friday, giving it a valuation of RM1.53 billion.

FutureGains

10,713 posts

Posted by FutureGains > 2021-06-16 16:30 | Report Abuse

some collection today...tmr will be breakthrough the low

U1818

710 posts

Posted by U1818 > 2021-06-16 16:47 | Report Abuse

No need to wait tomorrow lo. Sudah naik !!
What happen? Secure new project ka ?

northside

137 posts

Posted by northside > 2021-06-16 16:49 | Report Abuse

0.6 is really coming

FutureGains

10,713 posts

Posted by FutureGains > 2021-06-16 16:53 | Report Abuse

last minutes who took 11m@515? chew

Posted by nataliekoo > 2021-06-17 09:12 | Report Abuse

UP UP UP

Posted by nataliekoo > 2021-06-17 11:36 | Report Abuse

No worries... limit up soon!!! HURRY UP

Posted by bobthevalueman > 2021-06-17 18:17 | Report Abuse

if this counter is only reliant on government direct tender, it will be a problem la.

Posted by Mr.Sm Invest123 > 2021-06-17 20:21 | Report Abuse

OTHERS MY E.G. Services Berhad (''MYEG'' or the ''Company'') - Press Release: MYEG partners SinoPhil Biotech and Health Direct Now for COVID-19 vaccination programme in the Philippines

MY E.G. SERVICES BERHAD

Type Announcement
Subject OTHERS
Description MY E.G. Services Berhad (''MYEG'' or the ''Company'')
- Press Release: MYEG partners SinoPhil Biotech and Health Direct Now for COVID-19 vaccination programme in the Philippines
The Board of Directors of the Company wishes to announce that the Company has through its joint venture company, I-Pay MYEG Philippines, Inc., entered into a strategic partnership with SinoPhil Biotech, Inc. and Family Vaccine and Specialty Clinics, Inc.’s Health Direct Now initiative for the provision of a COVID-19 vaccination programme in the Philippines (“the Partnership”).



The Board of Directors is of the view that, barring any unforeseen circumstances, the Partnership is expected to contribute positively to the earnings per share and net assets per share of the Group for the financial year ending 31 December 2021 and onwards. The prospects of the Partnership is also expected to be positive.



Please refer to the attachment in relation to the press release for further details.



This announcement is dated 17 June 2021.

Posted by Mr.Sm Invest123 > 2021-06-17 20:23 | Report Abuse

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MY E.G. Services Berhad ("MYEG" or "the Company") - Joint Venture Agreements entered between:- (1) Shigatse Service Co., Ltd. and MYEG Medical Services Sdn. Bhd., a wholly-owned sub-subsidiary of the Company; and (2) SinoPhil Biotech Inc., Shigatse Service Co., Ltd. and I-PAY MYEG Philippines Inc., a joint venture company of the Company.

MY E.G. SERVICES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description MY E.G. Services Berhad ("MYEG" or "the Company")
- Joint Venture Agreements entered between:-

(1) Shigatse Service Co., Ltd. and MYEG Medical Services Sdn. Bhd., a wholly-owned sub-subsidiary of the Company; and
(2) SinoPhil Biotech Inc., Shigatse Service Co., Ltd. and I-PAY MYEG Philippines Inc., a joint venture company of the Company.
The Board of Directors of the Company wishes to announce that MYEG Medical Services Sdn. Bhd., a wholly-owned sub-subsidiary of the Company and I-Pay MYEG Philippines Inc., a joint venture company of the Company, had on 17 June 2021 entered into joint venture agreements respectively in their respective territories.



Please refer to the attachment for further details.



This announcement is dated 17 June 2021.

Posted by Poknik_itdm > 2021-06-18 08:44 | Report Abuse

Good info, tq @Mr.Sm Invest123

Posted by nataliekoo > 2021-06-18 11:42 | Report Abuse

No worries... limit up soon!!! HURRY UP

DatoShare

29 posts

Posted by DatoShare > 2021-06-18 15:57 | Report Abuse

But here, no announcement. Nothing new. Myeg makan everything.

JuliusCeasar

1,216 posts

Posted by JuliusCeasar > 2021-06-21 13:09 | Report Abuse

Steady DSONIC!

U1818

710 posts

Posted by U1818 > 2021-06-21 14:13 | Report Abuse

https://www.malaymail.com/news/malaysia/2021/06/21/report-inoculated-malaysians-might-soon-be-able-to-travel-to-singapore-usin/1983771

Report: Fully inoculated Malaysians might soon be able to travel to Singapore using MySejahtera as vaccine passport, says Khairy

fortunefire

1,519 posts

Posted by fortunefire > 2021-06-21 15:56 | Report Abuse

just bought some this afternoon. hope can earn some pocket money

Perfectly

790 posts

Posted by Perfectly > 2021-06-23 15:35 | Report Abuse

Pocket money gone all market sleep haha... Rest

bilisutara

429 posts

Posted by bilisutara > 2021-06-24 17:38 | Report Abuse

Will get dividend 30June.

Edwin0908

128 posts

Posted by Edwin0908 > 2021-06-24 22:33 | Report Abuse

Got dividend announce ?

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-06-25 17:01 |

Post removed.Why?

bigdaddy

275 posts

Posted by bigdaddy > 2021-06-25 19:49 | Report Abuse

What is the good news?

Posted by Mr.Sm Invest123 > 2021-06-26 00:41 | Report Abuse

财经新闻
MYEG计划8月起供应1000万剂疫苗
2021年06月25日
(吉隆坡25日讯)MYEG(MYEG,0138,主板科技股)计划今年8月起,在国内供应1000万剂疫苗。

MYEG周五发文告指出,已和安徽智飞生物制药公司签署意向书,向后者购买1000万剂疫苗,并在8月起供应予国人。
相关成本待定。同时,正式分发疫苗前,需获得国家药剂监管机构(NPRA)的批准。

“公司有信心,疫苗获准在国内分发后,将加速推动我国走向全民免疫。”

周五闭市,MYEG收报1.82令吉,无起落,交易量约为843万股。

Posted by Mr.Sm Invest123 > 2021-06-26 00:56 | Report Abuse

KUALA LUMPUR (Bernama) -- My E.G. Services Bhd has signed a letter of intent (LOI) to purchase 10 million doses of Anhui Zhifei Biopharmaceutical Co Ltd’s COVID-19 vaccine, ensuring that the corresponding quantity of its recombinant protein subunit vaccine is reserved for delivery as early as August.

In a filing with Bursa Malaysia, MYEG said it holds three-year rights to exclusively distribute the vaccine in Malaysia while through a separate partnership, the group has two-year exclusive distribution rights to the vaccine in the Philippines and is presently in discussions to distribute in other countries.

"Last week, MYEG announced plans for the roll-out of a vaccination programme in the Philippines that will cover the provision of the vaccines to the public health segment as well as private sales,” it said.

The LOI is to ensure that the corresponding quantity of Zhifei’s recombinant protein subunit vaccine is reserved for delivery as early as August when vaccination through the private market is enabled.

"This paves the way for the vaccine to be imported and made available to Malaysians as soon as the private market commences and subject to the conditional authorisation of the vaccine by the National Pharmaceutical Regulatory Agency (NPRA),” it said.

The cost of the vaccine will be determined later subject to the conditional authorisation by NPRA.

MYEG said it is confident that when the Zhifei vaccine becomes available locally, it can play an important role in accelerating the country’s drive towards achieving herd immunity against the COVID-19 virus.

Jointly developed by Zhifei and the Institute of Microbiology of the Chinese Academy of Sciences, the vaccine has fast emerged as among the preferred vaccines in China since gaining emergency use authorisation there in early March in view of its distinct inherent advantages as a recombinant protein subunit vaccine. More than 60 million doses have already been administered in more than a dozen provincial-level regions, including Beijing. The vaccine is also being used in Uzbekistan.

Recombinant protein technology is proven, having been used for the development of vaccines such as hepatitis B and shingles.

In addition, recombinant protein vaccines can be more easily produced at a large-scale since production does not need to be carried out in high-grade biosafety laboratories, and they are also more cost-effective and easier to store and transport.

Since the outbreak of the COVID-19 virus, MYEG has leveraged its strengths and expertise as a leading digital services provider in the region to introduce a number of significant initiatives as part of a holistic solution aimed at helping in the fight against the pandemic.

Besides vaccines, these offerings include screening services, quarantine management and digital health travel pass systems.

limkokthye

6,039 posts

Posted by limkokthye > 2021-06-26 13:09 | Report Abuse

Time to buy

JuliusCeasar

1,216 posts

Posted by JuliusCeasar > 2021-06-26 13:10 | Report Abuse

Agreed. Time to buy.

Posted by Lida Rashid > 2021-06-26 17:18 | Report Abuse

time to buy what?? myeg or dsonic?

JuliusCeasar

1,216 posts

Posted by JuliusCeasar > 2021-06-27 13:15 | Report Abuse

Both are okay to me. Happy trading!

Edwin0908

128 posts

Posted by Edwin0908 > 2021-06-27 13:57 | Report Abuse

Why are you sharing myeg news in dsonic ?

bilisutara

429 posts

Posted by bilisutara > 2021-06-28 16:49 | Report Abuse

Price down bcoz the Bursa overall down.. Tomorrow will rocket.. Time for Dsonic..

fortunefire

1,519 posts

Posted by fortunefire > 2021-06-29 11:40 | Report Abuse

dsonic will fly for sure

JuliusCeasar

1,216 posts

Posted by JuliusCeasar > 2021-06-29 15:02 | Report Abuse

Steady DSONIC! Keep it up

Vxturbo

397 posts

Posted by Vxturbo > 2021-06-30 21:52 | Report Abuse

好久没有进来了,这个傻逼Mr.Sm Invest123还是每次跑来这边宣传MYGG,哈哈

JuliusCeasar

1,216 posts

Posted by JuliusCeasar > 2021-07-01 14:38 | Report Abuse

Wow! Suddenly up by 1.5 cent. Something is brewing.... Go go DSONIC!

JuliusCeasar

1,216 posts

Posted by JuliusCeasar > 2021-07-01 14:44 | Report Abuse

Malaysia to get new PM already viral. Hishamudin is said to replace MUHIDIN.

This if true could caused most share price to spike including DSONIC .....

JuliusCeasar

1,216 posts

Posted by JuliusCeasar > 2021-07-01 14:45 | Report Abuse

Viral started today...

Edwin0908

128 posts

Posted by Edwin0908 > 2021-07-04 21:47 | Report Abuse

It has been viral since 2 weeks ago.however he did not say anything bout it

Posted by bobthevalueman > 2021-07-05 09:07 | Report Abuse

This counter is gonna move up. People in govnt need money, and this is their cash machine. Kontrak besar coming

Posted by bobthevalueman > 2021-07-05 09:09 | Report Abuse

1 - 2x of current price, won't be surprise

U1818

710 posts

Posted by U1818 > 2021-07-05 19:53 | Report Abuse

https://www.thestar.com.my/news/nation/2021/07/05/khairy-students-under-18-going-overseas-can-still-be-vaccinated-but-guardians-must-sign-consent-forms

Khairy: Students under 18 going overseas can still be vaccinated, but guardians must sign consent forms

PUTRAJAYA: Students going abroad who have not reached the age of 18 when they receive their vaccination appointments can still be innoculated, says Khairy Jamaluddin.

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