Datasonic’s outlook expected to remain positive

MIDF Research said the modification in the contract ceiling value is estimated to contribute to the group’s future earnings and net assets per share from FY23 onwards throughout the term of the contract.

PETALING JAYA: MIDF Research is neutral on Datasonic Group Bhd securing the additional RM31.39mil contract from the Home Ministry as the contract is within its expectations.

The research house has not made changes to its earnings forecast for the financial year ending March 31, 2023 (FY23) to FY25, as the additional contract is within its expectations.