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Hot Stock Datasonic rises 2.33% on RM260.4m MyKad contract
by Cals Wed 11 May 2016, 23:45
- Hot Stock
[size=28]Datasonic rises 2.33% on RM260.4m MyKad contract
By Surin Murugiah / theedgemarkets.com | May 11, 2016 : 9:26 AM MYTKUALA LUMPUR (May 11): Datasonic Group Bhd shares rose 2.33% in early today after it was awarded a RM260.4 million contract to supply MyKad materials to the government. The 3½-year contract will begin July 1, 2016 through Dec 31, 2019.
At 9.06am, Datasonic rose 3 sen to RM1.32 with 1.24 million shares done.
The group told Bursa Malaysia today that its wholly-owned subsidiary Datasonic Technologies Sdn Bhd has today received and accepted the letter of award from Kementerian Dalam Negeri for the supply of 12 million units each of MyKad raw cards and MyKad consumables, to the National Registration Department.
The contract is expected to contribute positively towards the group's future earnings and net assets per share for the financial year ending March 31, 2017 and the financial years thereafter, said Datasonic.
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