KUALA LUMPUR: Shares of HeiTech Padu Bhd closed at a six month high of RM2.99 after a financial weekly, quoting sources, said it is once again a front runner for the multi-billion National Integrated Immigration System (NIIse) project.
The report said HeiTech Padu is likely to announce the award soon having made a comeback after being dropped from the project shortlist in May.
The NIISe project aims to integrate the border control system under various agencies of the Ministry of Home Affairs.
The company's share price has more than tripled since January this year.
In April 2024, HeiTech Padu in a statement said its ability to consistently deliver is a key reason for its success in securing high-profile government contracts based on merit across different government administrations.
It secured a contract worth RM190.01 million from the Road Transport Department Malaysia (JPJ) in April this year.
The contract is for the maintenance and technical support for ICT Infrastructure including the vehicle and driver information system (MySIKAP) at the data centre and JPJ offices.
Last Friday, HeiTech Padu secured another project from the Road Transport Department, worth RM133.73 million, to build, supply, deliver, install, configure, integrate, test and commission its hardware, software and digital systems.
The contract's duration will be 36 months from Oct 1, 2024 to Sept 30, 2027.