DSONIC
Datasonic Group Berhad
Company Background
德达飞讯宣布转型计划，以成为人工智能数字身份识别领域的先锋，进而推动下一阶段增长
$DSONIC / 5216 (DATASONIC GROUP BERHAD) #Transformation #MyDigitalID #NexGBerhad
DATASONIC UMUM PELAN TRANSFORMASI UNTUK MUNCUL SEBAGAI PENERAJU DALAM IDENTITI DIGITAL AI, PACU FASA PERTUMBUHAN SETERUSNYA
$DSONIC / 5216 (DATASONIC GROUP BERHAD) #Transformation #MyDigitalID #NexGBerhad
DATASONIC ANNOUNCES TRANSFORMATION PLAN TO EMERGE AS LEADER IN AI DIGITAL IDENTITY, DRIVE NEXT PHASE OF GROWTH
$DSONIC / 5216 (DATASONIC GROUP BERHAD) #Transformation #MyDigitalID #NexGBerhad
$DSONIC / 5216 (DATASONIC GROUP BERHAD)
Research by RHB
$DSONIC / 5216 (DATASONIC GROUP BERHAD)
Research by RHB
Buy - TP RM0.68
"Sustained High Demand And Earnings; BUY"
MaintainBUYandMYR0.68TP(52%upside),withc.6%FY25F(Mar)yield. Datasonic Group’s 1QFY25 earnings reached its second-highest level ever, meeting expectations, supported by sustained high demand for its passport and identity card-related solutions and sturdy margins. FY25 earnings are expected to trend higher, supported by healthy demand, margin expansion, and contribution from new projects. We believe the stock is undervalued vs its peers and historical valuation, given its healthy yield, strong cash flow generation, and potential upside from new project wins.
Analyst:
Lee Meng Horng
lee.meng.horng@rhbgroup.com
$DSONIC / 5216 (DATASONIC GROUP BERHAD)
Research by MIDF
Buy - TP RM0.58
"Quarterly Profit Margin Surged to Almost 30%"
• Maintain BUY with a revised target price of RM0.58 post the announcement on 1QFY25 financial results
• 1QFY25 normalised earnings surged +40.3%yoy to RM26.5m, supported by higher revenue as well as healthier profit margin
• No surprises in 1QFY25 financial performance as it tracked our expectation at 27.1% of full year FY25 earnings estimates
• While government contracts will remain the staple, new programs and initiatives on the global front will partially mitigate the risk
Analyst:
Foo Chuan Loong, Martin
martin.foo@midf.com.my
$DSONIC / 5216 (DATASONIC GROUP BERHAD)
Research by RHB
Buy – TP RM0.68
“Assessing The 10-Year Passport Impact; Keep BUY"
Keep BUY and MYR0.68 TP, 30% upside and c.5% FY25F (Mar) yield. Last Friday, the Home Affairs Ministry alluded to the availability of an optional 10- year validity passport. Based on our scenario analysis, revenue and profitability is expected to surge in the next 4-5 years given the potential higher ASP, but we anticipate volume to decline by more than half from 2030 before normalising in 2035. The change in policy may have raised the barrier of entry and/or could result in a longer-term contract period.
Analyst:
Lee Meng Horng
lee.meng.horng@rhbgroup.com
Additional Listing Announcement /Subdivision of Shares
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - DATIN POPI RIANDANI BINTI DODY MUCHTAR
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period
Notice of SBB by a Company Pursuant to Section 127 (16) of CA 2016
Additional Listing Announcement /Subdivision of Shares
Immediate Announcement on Shares Buy Back
Immediate Announcement on Shares Buy Back
Annual Report & CG Report - 2024
STATEMENT TO SHAREHOLDERS IN RELATION TO THE PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY
Immediate Announcement on Shares Buy Back
General Meetings: Notice of Meeting
Additional Listing Announcement /Subdivision of Shares
Annual Audited Accounts - 31 Mar 2024
Immediate Announcement on Shares Buy Back
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period
Immediate Announcement on Shares Buy Back
Notice of Interest Sub. S-hldr (Section 137 of CA 2016) - DATIN DATIN POPI RIANDANI BINTI DODY MUCHTAR
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period
Notice of Person Ceasing (Section 139 of CA 2016) - DATUK HAJI ABU HANIFAH BIN NOORDIN
Immediate Announcement on Shares Buy Back
Immediate Announcement on Shares Buy Back
Additional Listing Announcement /Subdivision of Shares