Datasonic's 70% Premium On TP Supported By Public Contract Extension Worth Over RM80 Million
Datasonic's 70% Premium On TP Supported By Public Contract Extension Worth Over RM80 Million
Datasonic is a security-based ICT solutions provider with track record in mission-critical national projects in Malaysia. The group is favoured by analysts due to its niche strength, healthy yields, strong cash flow, and potential for new project wins. 
Datasonic Group Bhd is expected to reap a 7% yield from contract extension worth RM81.2 million awarded by the Home Affairs Ministry for financial year 2024/25 ending 31 Mar 2025, according to RHB Investment Bank Bhd (RHB Research).
根据印度卢比投资银行有限公司（RhB Research）的数据，Datasonic Group Bhd预计将从内政部批准的截至2025年3月31日的2024/25财政年度延期合同中获得7％的收益率。
RHB Research has maintained the BUY call on Datasonic and the target price of RM0.68, reflecting a potential upside of 67.9% over market valuation.
RhB Research维持了对Datasonic的买入看涨期权和0.68令吉的目标价，这表明可能比市场估值上涨67.9％。
As at 4:16pm Dec 3, the stock of Datasonic traded at RM0.405, up one sen from its previous closing price of RM0.395. (Stock updates from Bursa Malaysia)
截至12月3日下午4点16分，Datasonic的股票交易价格为0.405令吉，较之前的收盘价0.395令吉上涨一仙。（来自马来西亚证券交易所的最新股票）
Datasonic is a security-based ICT solutions provider with track record in mission-critical national projects in Malaysia. The group is favoured by analysts due to its niche strength, healthy yields, strong cash flow, and potential for new project wins.
Datasonic是一家基于安全的ICt解决方案提供商，在马来西亚的关键任务国家项目中拥有良好的记录。该集团因其利基优势、可观的收益率、强劲的现金流以及赢得新项目的潜力而受到分析师的青睐。
The extension, which covers the supply of national identity cards and comprehensive maintenance services, is valid for a year ending Nov 30, 2025. The contract extension specifically includes the supply of MyKad, MyTentera, and MyPOCA raw cards, along with the associated consumables and card personalisation services at the National Registration Department (NRD), or better known as Jabatan Pendaftaran Negara (JPN) locally.
该延期涵盖国民身份证和全面维护服务的供应，有效期截至2025年11月30日。合同延期特别包括提供myKAD、myTentera和myPOCA原始卡，以及国家注册局（NRD）（当地更广为人知的Jabatan Pendaftaran Negara（JPN）提供的相关消耗品和卡片个性化服务。
According to RHB Research, the extension of this contract is aligned with their expectation and should pave the way for future contracts, particularly in the passport-related solutions sector. Analysts noted that the authority is currently assessing a new generation of MyKad and a new printing system before considering a long-term contract. Margin expansion for Datasonic is also anticipated due to adjustment in average selling prices (ASP). The outlook for the balance of the financial year remains optimistic.
根据RhB Research的说法，该合同的延期符合他们的预期，并将为未来的合同铺平道路，尤其是在护照相关解决方案领域。分析师指出，该机构目前正在评估新一代的MyKad和新的印刷系统，然后再考虑签订长期合同。由于平均销售价格（ASP）的调整，预计Datasonic的利润率也将增加。本财政年度余下的前景仍然乐观。
With this extension, Datasonic's orderbook is now valued at over RM100 million. The group is also looking to expand into more overseas projects, capitalising on their cost competitiveness and the quality of their security document offerings.
通过此次延期，Datasonic的订单簿现在的价值已超过10000万令吉。该集团还希望利用其成本竞争力和安全文件产品的质量，将业务扩展到更多的海外项目。
The share price overhang, primarily caused by uncertainty around the renewal of MyKad and passport-related contracts, is expected to ease with the securing of the contract extension.
股价浮动主要是由MyKAD和护照相关合同续订的不确定性造成的，随着合同延期的保障，预计将有所缓解。
译文内容由第三方软件翻译。
