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1.75   -0.03 (1.69%)  1.73 - 1.83  1,822,600
3,439 comment(s). Last comment by LiimInvest at Dec 4, 2020 1:46 PM
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6257
1519 posts

Posted by 6257 > Jul 1, 2020 10:15 AM | Report Abuse

1.05 coming


mastertrader
392 posts

Posted by mastertrader > Jul 1, 2020 11:48 AM | Report Abuse

gogo fly today 1.2


LiimInvest
1147 posts

Posted by LiimInvest > Jul 1, 2020 12:17 PM | Report Abuse

QR got improvement


bb1788
14 posts

Posted by bb1788 > Jul 1, 2020 11:06 PM | Report Abuse

overflow from myeg tomorrow...


mastertrader
392 posts

Posted by mastertrader > Jul 2, 2020 9:25 AM | Report Abuse

gogogo let fly together..


High5
1139 posts

Posted by High5 > Jul 2, 2020 9:51 AM | 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
1139 posts

Posted by High5 > Jul 2, 2020 9:51 AM | Report Abuse

Buy Now & Keep


mastertrader
392 posts

Posted by mastertrader > Jul 2, 2020 6:39 PM | Report Abuse

woww nice closing tomorrow sure up again


6257
1519 posts

Posted by 6257 > Jul 2, 2020 8:42 PM | Report Abuse

Tomorrow 1.15?


6257
1519 posts

Posted by 6257 > Jul 3, 2020 1:05 PM | Report Abuse

1.20 coming later


mastertrader
392 posts

Posted by mastertrader > Jul 3, 2020 3:00 PM | Report Abuse

yeahh enjoy ride guysss


mastertrader
392 posts

Posted by mastertrader > Jul 3, 2020 3:00 PM | Report Abuse

fly to the sky..


iskandar5156
80 posts

Posted by iskandar5156 > Jul 3, 2020 7:48 PM | 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..


LiimInvest
1147 posts

Posted by LiimInvest > Jul 4, 2020 3:24 PM | Report Abuse

https://www.facebook.com/2295309520749643/posts/2710603982553526/


lee9fold
3080 posts

Posted by lee9fold > Jul 6, 2020 11:40 AM | Report Abuse

gogo haha


SkyRain
13 posts

Posted by SkyRain > Jul 6, 2020 11:47 AM | Report Abuse

Down and I will reload more


mastertrader
392 posts

Posted by mastertrader > Jul 6, 2020 12:47 PM | Report Abuse

wooow super flying today


6257
1519 posts

Posted by 6257 > Jul 6, 2020 3:27 PM | Report Abuse

reverse liao


lee9fold
3080 posts

Posted by lee9fold > Jul 6, 2020 4:01 PM | Report Abuse

6257, I tot u are negative on htpadu? I think u always cut loss lol


6257
1519 posts

Posted by 6257 > Jul 6, 2020 5:47 PM | Report Abuse

I still holding


6257
1519 posts

Posted by 6257 > Jul 6, 2020 7:46 PM | Report Abuse

monday only up 0.080,this friday maybe can limit up


6257
1519 posts

Posted by 6257 > Jul 7, 2020 9:25 AM | Report Abuse

Reverse.GG


Post2U
50 posts

Posted by Post2U > Jul 7, 2020 3:57 PM | Report Abuse

I start accumulate this ctr for better future.


stevenckheng
575 posts

Posted by stevenckheng > Jul 7, 2020 5:16 PM | Report Abuse

how come down so much ?


6257
1519 posts

Posted by 6257 > Jul 7, 2020 6:07 PM | Report Abuse

Don't worry.1.20 got many ppl buy


Kacibom
12 posts

Posted by Kacibom > Jul 7, 2020 6:53 PM | Report Abuse

Down maybe because people worry on the opr news.. plus it has been going up for 4 days straight, surely it will pull back for atleast a few days before trying to break the 1.26 resistance again.. but bare in mind next week is political resitting.. might have a psychological impact on klci as well..


Post2U
50 posts

Posted by Post2U > Jul 8, 2020 9:10 AM | Report Abuse

Htpadu + myeg bid tender IIS. Price kasi tolak naik sama with myeg.


6257
1519 posts

Posted by 6257 > Jul 9, 2020 1:34 PM | Report Abuse

Today no show


6257
1519 posts

Posted by 6257 > Jul 9, 2020 3:19 PM | Report Abuse

Drop


Post2U
50 posts

Posted by Post2U > Jul 13, 2020 8:40 AM | Report Abuse

Best time to accumulate


6257
1519 posts

Posted by 6257 > Jul 15, 2020 7:04 AM | Report Abuse

today got hope


MonkeyFoo
201 posts

Posted by MonkeyFoo > Jul 15, 2020 8:04 AM | Report Abuse

2018年第三系列总稽查司报告指出,鉴于移民局出入境系统(MyIMMs)从2016至2018年期间发生4489次系统故障,大马国内有高达21万4398名外籍人士没有出境记录。

Htpadu就是强,能做出会故障系统+没有记录


6257
1519 posts

Posted by 6257 > Jul 15, 2020 1:34 PM | Report Abuse

强也没用.都不能到1.50


SuperPanda
10266 posts

Posted by SuperPanda > Jul 15, 2020 6:22 PM | Report Abuse

today entered at 1.05~1.06, seems like it gonna hit 1.20 again : )


6257
1519 posts

Posted by 6257 > Jul 15, 2020 8:20 PM | Report Abuse

Friday 1.20


LiimInvest
1147 posts

Posted by LiimInvest > Jul 16, 2020 12:11 AM | Report Abuse

OMG Ancom Bhd a small vendor to bid. . This company are doing rojak products. The Company's segments include Investment holding, @Agricultural @and industrial @chemicals@, @Logistics@ Information technology (IT), Media, @Polymer@ and Others. hhahahahahaaha. Tomorrow sure drop below 0.50. No fundamental company


LiimInvest
1147 posts

Posted by LiimInvest > Jul 16, 2020 12:12 AM | Report Abuse

OMG Ancom Bhd a small vendor to bid. . This company are doing rojak products. The Company's segments include Investment holding, @Agricultural @and industrial @chemicals@, @Logistics@ Information technology (IT), Media, @Polymer@ and Others. hhahahahahaaha. Tomorrow sure drop below 0.50. No fundamental company


LiimInvest
1147 posts

Posted by LiimInvest > Jul 16, 2020 12:17 AM | Report Abuse

Myeg already completed the acquisition of 10%


https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3066647


LiimInvest
1147 posts

Posted by LiimInvest > Jul 16, 2020 12:35 AM | Report Abuse

Like Rojak ancom company Berhad is an investment holding company, which provides management services to its subsidiaries. The Company's segments include Investment holding, Agricultural and industrial chemicals, Logistics, Information technology (IT), Media, Polymer and Others. The Investment holding segment is engaged in investment holding. The Agricultural and industrial chemicals segment is engaged in the manufacture, trading and sale of agricultural and industrial chemical products. The Logistics segment is engaged in ship-owning, ship-operating, transportation, container haulage, bulk cargo handling, chemicals warehousing and related services. The IT segment is engaged in the provision of IT services, and sales of computer hardware and software. The Media segment provides out-of-home advertising media services. The Polymer segment is engaged in manufacturing and marketing of polymer products. The Others segment includes trading, contracting and marketing in electrical engineering products.


6257
1519 posts

Posted by 6257 > Jul 16, 2020 9:32 AM | Report Abuse

10am will fly


6257
1519 posts

Posted by 6257 > Jul 17, 2020 11:49 AM | Report Abuse

Lambat macam kura2


andr
189 posts

Posted by andr > Jul 30, 2020 2:41 PM | Report Abuse

collection starts


Chris Leo
48 posts

Posted by Chris Leo > Aug 5, 2020 12:10 PM | Report Abuse

Something brewing. Got new contact?


Redplanet
186 posts

Posted by Redplanet > Aug 18, 2020 6:23 PM | Report Abuse

Government will renew myimms contract ?


Redplanet
186 posts

Posted by Redplanet > Aug 18, 2020 6:25 PM | Report Abuse

http://disclosure.bursamalaysia.com/FileAccess/viewHtml?e=2801574


stevenckheng
575 posts

Posted by stevenckheng > Aug 19, 2020 10:48 AM | Report Abuse

government need to renew, it is costly to transfer or build again they don't have the money now.


interferens
31 posts

Posted by interferens > Aug 21, 2020 9:40 AM | Report Abuse

"OTHERS ACCEPTANCE OF LETTER OF AWARD FOR THE PERKHIDMATAN PENYELENGGARAAN SISTEM APLIKASI MYIMMS JABATAN IMIGRESEN MALAYSIA (JIM)


3. Duration of the Project


The Contract is for a period of Three (3) years commencing from 18 August 2017 to 17 August 2020. Any further renewal or extension of the duration is at the discretion from the Government."


http://disclosure.bursamalaysia.com/FileAccess/viewHtml?e=2801574
"The Contract is for a period of Three (3) years commencing from 18 August 2017 to 17 August 2020"

This means the contract is ended last Monday...will gov continue the contract ?

New company or back to Heitech?


Redplanet
186 posts

Posted by Redplanet > Aug 23, 2020 9:25 PM | Report Abuse

https://www.freemalaysiatoday.com/category/bahasa/2020/08/23/kdn-rancang-tambah-kaunter-pemeriksaan-imigresen-di-bangunan-sultan-iskandar/


Ahead1268
607 posts

Posted by Ahead1268 > Aug 25, 2020 9:30 PM | Report Abuse

Just noticed this company net profit almost unseen for last 2 years.


interferens
31 posts

Posted by interferens > Aug 27, 2020 8:13 PM | Report Abuse

Wow...will fly tomorrow!

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