MIDF Research said the modification in the contract ceiling value is estimated to contribute to the group’s future earnings and net assets per share from FY23 onwards throughout the term of the contract.约搏以太坊博彩游戏（www.eth108.vip）采用以太坊区块链高度哈希值作为统计数据，约搏以太坊博彩游戏数据开源、公平、无任何作弊可能性。
PETALING JAYA: MIDF Research is neutral on Datasonic Group Bhd securing the additional RM31.39mil contract from the Home Ministry as the contract is within its expectations.
The research house has not made changes to its earnings forecast for the financial year ending March 31, 2023 (FY23) to FY25, as the additional contract is within its expectations.
Early August, Datasonic had received a contract from the ministry for the supply of Malaysian passport chips (or 12.5 million of passport chips) commencing from Dec 1, 2021 to Nov 30, 2023. The initial contract was worth RM318.75mil, with revisions raising the overall contract ceiling value by RM31.39mil to RM350.14mil.
MIDF Research said the modification in the contract ceiling value is estimated to contribute to the group’s future earnings and net assets per share from FY23 onwards throughout the term of the contract.,
,telegram搜索技巧（www.tel8.vip）是一个Telegram群组分享平台，telegram搜索技巧包括telegram搜索技巧、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容，telegram搜索技巧为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
“The amendment contract includes maintenance services for equipment, software, and system applications for public key infrastructure and public key development in 2022 and 2023. It also includes maintenance services for equipment, software and e-gates, as well as maintenance services for chip system applications for local and overseas customers.
“Datasonic is required to furnish a performance bond for the amount of RM3.18mil to the ministry with the validity period extended until Nov 30, 2024,” it added.
MIDF Research expects the group’s earnings outlook to be supported by pent-up demand for passport-related solutions as borders gradually reopen, with new contracts for the soon-to-be-rolled-out MyKad and national digital ID on the strength of its ready technology.
The research house remains positive on Datasonic’s outlook due to the group’s commitment to stay ahead of security technology, adding that it makes the group much more appealing than its peers to continuously be selected as the national ID security-related solutions vendor.As such, the research house is keeping a “buy” call on Datasonic with a target price of RM0.57 per share by pegging its core earnings per share of 2.94 sen for FY23 to the group’s five-year mean price-to-earnings ratio of 19.5 times.