Datasonic bags two contracts from Home Ministry to supply MyKad

Publish date: Fri, 18 Apr 2014, 04:36 PM
KUALA LUMPUR: Datasonic Group Bhd's wholly-owned unit, Datasonic Technologies Sdn Bhd (DTSB), has accepted letters of awards (LoA) from the Home Ministry for the supply of new raw MyKad with 100 per cent polycarbonate material and new security features.

In a filing to Bursa Malaysia, Datasonic said the first job, worth RM72 million, was for the supply of four million new raw MyKad to the National Registration Department for a period of six months from Jan 1 to June 30, 2014.

Datasonic's second contract was for the supply of additional 10 million new raw MyKad together with 10 million consumables to the NRD, a job worth RM220.20 million for a period of two years from July 1,2014 to June 30, 2016.

Besides, DTSB was also required to supply printing systems and information technology equipment valued at RM16.89 million.

Datasonic said the contract were expected to contribute positively towards the future earnings and net assets per share of the group for the financial year ending March 31, 2015.

-- Bernama

Labels: DSONIC

Discussions
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johnny cash

now why bursa is delaying the approval of datasonic, bonus issue.... CMSB bonus issue already been approved... hope bursa intentions are clean, not damaging to this stock...two parties had already created a capital wipeout from datasonic,,about more then 600 million.. one of this parties is the TA ANALYST,, whose statements did not created a healthy correction on datasonic , but created a very bad capital wipeout from this counter.. now datasonic company should take a legal action against the TA ANALYST.. they must be fair to retail investors..

http://www.thesundaily.my/news/1006872

TA Securities Investment Manager Lam Chi Mun

some parties missed the boat to go in into datasonic, because price very high already..and this big sharks including the TA ANALYST, know a very big news is coming for datasonic on 18//04//14---securing the mykad contracts.. so they played their dirty games, by taking out negative comments on mas media.. main intentions is to bring the price down.. hope bursa n datasonic company is not involved in this super mind drama

DATASONIC company should be fair to it s retail investors, and if possible to take some legal actions on this TA ANALYST.....

2014-04-19 18:33

Ravi Kumar

No wonder TA share like crap!!

2014-04-19 19:45

johnny cash

some big ones missed the boat..they the big fish knows a hot contract news will be coming out on 18//04//14,, the big ones can be anybody...but the stock is already overpriced at that time..so what they did pump up some negative news in mas media to bring down the price very very fast, because the announcement date of contract is approaching.. they were very cunning, showing to masses to public that a healthy correction is being carried out on datasonic... actually this did not turn out to be a healthy correction, because healthy correction means price should go back to a little less then 4.08[rhb target price].. the price went down badly to 2.60 level, this we cannot define it as a healthy correction,, a total of 600 million capital wipeout from datasonic stock..this are define as DAMAGES to datasonic.. i hope datasonic and bursa does not have a hand in this super drama. datasonic should be fair to shareholders, the retail holders who are still holding the stocks.. if possible datasonic should take some legal action against the TA ANALYST, who created the blunder in mas media--sun daily on 4th of april 2014, because he does not have the right to do that.. sure this TA ANALYST is also working hand to hand with some parties...anyway all this is just speculation,but only can be reveal if a thorough investigation is carried out.. to me i define this as full DAMAGES to datasonic... bursa was zip quiet when the price plunge to 2.60 levels, they were enjoying it.. yes i aggree the price was overpriced at that time, and bursa police took out a caution note.. if bursa intention were clean, then this matter should end up with a healthy correction only..if it damages the stock, then somebody should be responsible for it.. i only can think 2 parties here, bursa police n TA ANALYST... when bursa police method did not work out, they start using mas media.. this is totally a CRIME

2014-04-20 11:56

Fam Jenny

Dear speculators,calculate your risk whether the gain is more than your lost,buy within your means and use wisdom to speculate any investment.

2014-04-20 14:30

johnny cash

Fam Jenny ---------yes that is the advise we can give to speculators...always look at the target price given by research houses.. in the case of datasonic,,it is RHB,, do not buy higher then target price..sometimes target prices change due to new contracts.. so today monday be watchfull on RHB RESEARCH sure they are going to take out a new research report.. the old target price is 4.08, hope they give higher..pray for it..sometimes they maintain the old one. friday closing was arround 3.63,, so it s already near the target price,,so please be carefull.. now market is also waiting for it s bonus issue approval..does not know why bursa is delaying this.. CMSB and other counters one already approved,, but datasonic is still waiting..thanks

2014-04-21 07:33

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