RM2.5b battle royale
Emmanuel Samarathisa | 06 Sep 2019 00:30
The e-government space is heating up as industry heavyweights position themselves to snag the RM2.5 bil Integrated Immigration System (IIS) tender. As the window to submit a request for proposal (RFP) had closed on Aug 16, market observers are placing their bets on four companies: Datasonic Group Bhd, HeiTech Padu Bhd, Iris Corporation Bhd and Scicom MSC Bhd.
To be sure, these names have been bandied around since the Home Ministry issued the RFP. Their share prices have also been on an upward trajectory in the run-up to the deadline last month. According to Bloomberg data, investors who put their money in any of the four IIS bidders since June 11, when speculation started bubbling around potential tender winners, they would have seen a total return on their stock of between 9.5% and 81.7%. The two most profitable counters are Datasonic (up 81.7%) and HeiTech Padu (27.6%).
An end-to-end solution
And each of them could possibly meet the requirements of the IIS. According to what has been made public, the system consists of four core modules. Firstly, the visa and pass permit systemwhich involves processing and storing 20 years’ worth of data. Secondly, the passport system that is able to distinguish real from fake ones. Thirdly, border control by way of check points and auto-gates installed with a biometric system. Finally, enforcement to support the Immigration Department.
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