Heitech Padu

Heitech Padu

Postby winston » Thu Jul 02, 2020 9:24 am

not vested

On stock selection, HTPADU (Not-rated, RM1.04) could attract buying interests after MYEG (Not-rated, RM1.52) received a three-year extension from the Government to provide the foreign worker temporary employment pass online renewal service worth an estimated RM208m.

To recap, Asia Internet Holdings (owned by MYEG co-founder Wong Thean Soon and Chairman Datuk Noraesah Mohamad) held a 10.4% stake in HTPADU.

According to the Edge Malaysia (22-28 June), MYEG-HTPADU-S5 consortium is the frontrunner for the multi-billion ringgit National Integrated Immigration System (NIIS) project.

Technically, HTPADU is expected to stage a downtrend line breakout near RM1.08 to advance further towards RM1.18-1.24 in the short to medium term.

Supports are RM0.97-1.00. Cut loss at RM0.955.

Source: HLIB
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Heitech Padu

Postby winston » Thu Mar 14, 2024 2:14 pm

not vested

MyEG acquires 14.4% strategic stake in HeiTech Padu for RM31m

MyEG Services Bhd has acquired a 14.4% stake in HeiTech Padu Bhd for RM31.25 million via its unit MyEG Capital Sdn Bhd through the open market and direct business transactions.

The 5.16 million shares were first bought from the open market on March 7 for RM11 million cash or RM2.134 sen per HeiTech share.

Meanwhile the other 9.42 million shares were acquired via direct business transactions for RM20.25 million or RM2.15 per share on average.

MyEG said the investment will allow the company to explore potential collaborations with HeiTech to create synergies by leveraging the respective expertise and experience of both parties as established e-government service providers.

Meanwhile, HeiTech Padu announced that it has secured a contract extension worth RM13.11 million for the provision of maintenance services to the Malaysian Immigration System (MyIMMs).

The contract extension is for a one-year period starting from Feb 18, and any further renewal or extension will be at the discretion of the government.

Source: The Edge
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Heitech Padu

Postby winston » Thu Mar 14, 2024 2:17 pm

not vested

For its nine months ended September 2023, it suffered a net loss of RM9.19 million on the back of RM190.94 million in sales.

For the corresponding period a year ago, the company suffered a net loss of RM3.18 million from RM219.59 million in revenue.

As at end-September last year, HeiTech Padu had cash and bank balances of RM47.83 million and its short-term debt commitments were RM122.89 million while its long-term borrowings were pegged at RM8.16 million.

The company had accumulated losses of RM38.28 million as at end-September.

Source: The Edge
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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