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Even now in downtrend I still top up this counter, reason as below: -
1. 3 million passports expired up to today, potential translate to revenue of 200 million once border ban lift.
2. 450 M order book still with company.
3. cash flow still healthy.
Potential Project: -
1. 350 million of NDI Kad project might awarded.
2 I-Kad project ( potential to get as company has the best technology compare other)
3. Jalinan Digital Negara ( 4G rollout , 560 M)
4. Diversify business to not dependent of government (financial services segment & e-wallet)
5. E-My Kad
6. EMR (electronic Medical Report)
7. Vietnam Passport Project
V Sharp rebound might happen with some of potential project awarded.
Iris loss making , earning not stable and quality not that good , that why passport Project from Iris awarded to Dsonic due to poor quality delivered for passport.. Besides that, reason of IRis won NIIS because they offer 100millon cheaper, do you think that can see make a good profit with 100million cheaper and iris technology not advance as Dsonic, Dsonic technology consider one of the best compare the player in SEA.
