Board Change • Jun 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Non-Executive Director Yusof Bin Ismail was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • May 11
Price target decreased by 16% to RM0.32 Down from RM0.38, the current price target is provided by 1 analyst. New target price is 19% above last closing price of RM0.27. Stock is down 14% over the past year. The company posted a net loss per share of RM0.0092 last year. Aankondiging • Apr 21
AwanBiru Technology Berhad, Annual General Meeting, May 21, 2026 AwanBiru Technology Berhad, Annual General Meeting, May 21, 2026, at 10:00 Singapore Standard Time. Location: garden ballroom, level 1, putrajaya marriott hotel, ioi resort city, 62502 sepang, wilayah persekutuan putrajaya, Malaysia Aankondiging • Jan 14
Awanbiru Technology Berhad Appoints Puan Azizah Binti Ali as Group Chief Executive Officer, Date of Change Is 12 January 2026 AwanBiru Technology Berhad appointed PUAN AZIZAH BINTI ALI as Group Chief Executive Officer. Age is 57. Date of change is 12 January 2026. Puan Azizah binti Ali has over 25 years of experience in leadership roles spanning sales, marketing and operations, with a strong track record in driving business growth, organisational transformation and national-level impact across the technology sector. She has extensive exposure across Malaysia and the Asia-Pacific region and is recognised for her thought leadership in guiding organizations through transformation leveraging Cloud and Artificial Intelligence. She is currently an Independent Non-Executive Director of Syarikat Takaful Malaysia Keluarga Berhad, where she was appointed to strengthen the Board's technology and digital competencies. Previously, she was the Chief Operations Officer of Microsoft Malaysia, where she was responsible for business planning, operational execution, investment strategy and organisational capability transformation aligned with corporate values. Before that, she served as the Chief Marketing and Operations Officer of Microsoft Malaysia, providing leadership in business planning, investment alignment and performance management, while strengthening the integration of sales and marketing functions. From regional exposure perspective, she was the Enterprise Channel Director for Microsoft Asia Pacific, where she developed partner co-selling and go-to-market strategies to accelerate customer transformation through cloud adoption across key industries including healthcare, energy and the public sector. Earlier, she was the General Manager of the SME Solutions and Partner Group at Microsoft Malaysia, where she drove multi-channel growth, accelerated cloud adoption and strengthened partner business model transformation through strategic collaborations. Directorships in public companies and listed issuers (if any) is Syarikat Takaful Malaysia Keluarga Berhad. She also served as Country Manager of Microsoft Brunei from 2010 to 2013 and earlier as General Manager for Public Sector at Microsoft Malaysia from 2003 to 2009. Masters in Business Administration from Aston University, United Kingdom. Bachelor of Science in Business Administration in Washington University, St Louis, United States of America. Aankondiging • Feb 27
AwanBiru Technology Berhad to Report Q2, 2025 Results on Feb 26, 2025 AwanBiru Technology Berhad announced that they will report Q2, 2025 results on Feb 26, 2025 Aankondiging • Oct 24
AwanBiru Technology Berhad, Annual General Meeting, Nov 27, 2024 AwanBiru Technology Berhad, Annual General Meeting, Nov 27, 2024, at 10:00 Singapore Standard Time. Location: block 11b, level 3a, star central, lingkaran cyber point timur, cyber 12, 63000 cyberjaya, selangor darul ehsan, Malaysia Aankondiging • May 08
AwanBiru Technology Berhad Appoints DATUK SERI DR. YUSOF BIN ISMAIL as Independent and Non Executive Director AwanBiru Technology Berhad announced the appointment of DATUK SERI DR. YUSOF BIN ISMAIL, age 61 as Independent and Non Executive Director. Date of change is on May 07, 2024. Qualifications: Doctorate: Community Development in Universiti Putra Malaysia; Masters: Economic Development in Williams College, Massachusetts, United States of America; Diploma: Public Administration in Institut Tadbiran Awam Negara (INTAN); Degree: Bachelor of Economics (Hons) in Universiti Malaya. Working experience and occupation: Prior to joining the Company, YBhg. Datuk Seri Dr. Yusof Ismail was the former Director General of Malaysian Administrative Modernisation and Management Planning Unit (MAMPU) from April 2020 until May 2023. He was an Administrative and Diplomatic Officer (PTD) with more than thirty-five (35) years of experience in the civil service, majoring in economics and finance, public sector strategic management and digital government. He had previously served on the Board of Directors of several public and private companies. Aankondiging • Feb 24
AwanBiru Technology Berhad to Report Q2, 2024 Results on Feb 22, 2024 AwanBiru Technology Berhad announced that they will report Q2, 2024 results on Feb 22, 2024 Aankondiging • Oct 25
AwanBiru Technology Berhad, Annual General Meeting, Nov 23, 2023 AwanBiru Technology Berhad, Annual General Meeting, Nov 23, 2023, at 10:00 Singapore Standard Time. Agenda: To receive the Audited Financial Statements for the financial year ended 30 June 2023 together with the Reports of the Directors and the Auditors thereon; to approve the payment of Directors' fees up to an amount of MYR 612,000.00 for the period from 24 November 2023 until the next Annual General Meeting of the Company to be held in year 2024; to approve the payment of Directors' benefits up to an amount of MYR 285,900.00 from until the next Annual General Meeting of the company to be held in year 2024; and to consider other matters. Aankondiging • Oct 18
Bursa Securities Extends to Submit the Regularisation Plan for AwanBiru Technology On behalf of the Board of Directors of AwanBiru Technology Berhad (Awantec), UOB Kay Hian Securities (M) Sdn Bhd announced that Bursa Securities has vide its letter dated 13 October 2023, granted the Company a further extension of time of 6 months until 13 April 2024 to submit the regularisation plan to the relevant authorities for approval ("Extended Timeframe"). Bursa Securities has further decided to suspend and de-list the securities of the Company from the Official List of Bursa Securities pursuant to Paragraph 8.03(3A) of the Listing Requirements in the event:- i. the Company fails to submit the proposed regularisation plan to the relevant authorities for approval within the Extended Timeframe; ii. the Company fails to obtain the approval for the implementation of its regularisation plan and does not appeal within the timeframe (or extended timeframe, as the case may be) prescribed to lodge an appeal; iii. the Company does not succeed in its appeal; or iv. the Company fails to implement its regularisation plan within the timeframe or extended timeframes stipulated by the relevant authorities. In this respect, upon the occurrence of any of the events set out in (i) to (iv) above:- i. the trading of the securities of Awantec shall be suspended on the 6th market day from the date of notification of suspension by Bursa Securities or such other date as may be specified by Bursa Securities ("Suspension Date"); and ii. the securities of the Company shall be de-listed and removed from the Official List of Bursa Securities upon the expiry of 2 market days from the Suspension Date, unless an appeal is submitted within 5 market days from the date of notification of de-listing by Bursa Securities ("Appeal Timeframe"). In the event Awantec submits an appeal within the Appeal Timeframe, the de-listing of the Company shall be deferred pending consideration of the Company's appeal. However, the trading of the securities of Awantec shall be suspended on the Suspension Date even though the decision on the Company's appeal is still pending. In arriving at the aforesaid decision to suspend and de-list the Company, Bursa Securities had considered, amongst others, the following factors:- i. Awantec had failed to regularise the Company's condition in accordance with Paragraph 8.04(3) of the Listing Requirements and Paragraph 5.0 of PN17. ii. All affected listed issuers under Paragraph 8.03A of the Listing Requirements are required to regularise their condition expeditiously within the timeframes prescribed in Paragraph 8.04(3) of the Listing Requirements and Paragraph 5.0 of PN17, or extended timeframe as may be granted by Bursa Securities. iii. The requirement for companies to have an adequate level of operations served to ensure that companies listed on the Official List are of a certain minimum quality as well as to preserve and sustain market integrity and investors' confidence. iv. In Bursa Securities' opinion, adequate time and opportunity had been accorded to Awantec to regularise its condition since the First Announcement on 29 January 2021. Reported Earnings • Aug 29
Full year 2023 earnings released: RM0.008 loss per share (vs RM0.006 profit in FY 2022) Full year 2023 results: RM0.008 loss per share (down from RM0.006 profit in FY 2022). Revenue: RM39.8m (down 56% from FY 2022). Net loss: RM6.25m (down 242% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. New Risk • Aug 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Malaysian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 37% per year over the past 5 years. Minor Risk Market cap is less than US$100m (RM137.9m market cap, or US$29.7m). Buying Opportunity • Aug 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be RM0.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 39% over the last 3 years. Meanwhile, the company became loss making. Aankondiging • Jun 02
Awanbiru Technology Berhad Appoints Encik Azlan Bin Zainal Abidin as Chief Executive Officer AwanBiru Technology Berhad appointed ENCIK AZLAN BIN ZAINAL ABIDIN as Chief Executive Officer. Date of change 01 June 2023. Age 50. Gender Male. Nationality Malaysia.Working experience and occupation: Encik Azlan bin Zainal Abidin has twenty-six (26) years of experience in managing profitable B2B businesses for systems integration, consulting and telecommunications organisations. He has led and managed business transformational programmes, technology operations and implementation delivery for both local and global companies. He was the Group Chief Executive Officer, IT & eServices of Dagang NeXchange Berhad ("DNeX"). During his tenure, he managed and ensured the growth of the IT companies within the DNeX stable of companies.Prior to joining DNeX, he managed the Enterprise business in Celcom Axiata as the Chief Enterprise Officer. He was accountable for the full Enterprise P&L. Within the span of one (1) year, he has managed to grow the digital and solutions business by more than 30% which has contributed to a total business growth.He has also led IBM Malaysia's Global Business Services (GBS) as the Country Managing Partner. IBM GBS provides systems consulting and implementation services to B2B clients. In this role, he led a team of over 200 consultants in executing GBS's Digital Transformation plan to increase market share as well as profitability. The transformation plan involves new digital and cognitive offerings coupled with an enhanced delivery/operating model. He is fully responsible for the P&L growth for the business outfit. Within his 2.5 years tenure leading GBS, he has managed to grow the group's financials/signings significantly. Reported Earnings • May 27
Third quarter 2023 earnings released: RM0.002 loss per share (vs RM0 in 3Q 2022) Third quarter 2023 results: RM0.002 loss per share (further deteriorated from RM0 in 3Q 2022). Revenue: RM8.51m (down 36% from 3Q 2022). Net loss: RM1.99m (down RM2.09m from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Mar 14
Now 20% undervalued Over the last 90 days, the stock is up 2.2%. The fair value is estimated to be RM0.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 36% over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • Feb 27
Price target decreased by 20% to RM0.30 Down from RM0.38, the current price target is an average from 2 analysts. New target price is 12% below last closing price of RM0.34. Stock is down 43% over the past year. The company is forecast to post earnings per share of RM0.02 for next year compared to RM0.0056 last year. Reported Earnings • Feb 25
Second quarter 2023 earnings released: RM0.004 loss per share (vs RM0.008 profit in 2Q 2022) Second quarter 2023 results: RM0.004 loss per share (down from RM0.008 profit in 2Q 2022). Revenue: RM7.99m (down 85% from 2Q 2022). Net loss: RM2.91m (down 149% from profit in 2Q 2022). Revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Consumer Services industry in Asia are expected to grow by 19%. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Dec 01
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from RM0.01 to RM0.01. Revenue forecast unchanged from RM118.8m at last update. Net income forecast to grow 25% next year vs 23% growth forecast for Consumer Services industry in Malaysia. Consensus price target down from RM0.41 to RM0.38. Share price rose 4.9% to RM0.43 over the past week. Reported Earnings • Nov 26
First quarter 2023 earnings released: RM0.002 loss per share (vs RM0.002 loss in 1Q 2022) First quarter 2023 results: RM0.002 loss per share (in line with 1Q 2022). Revenue: RM18.1m (up 54% from 1Q 2022). Net loss: RM1.40m (loss narrowed 17% from 1Q 2022). Revenue is expected to decline by 21% p.a. on average during the next 3 years, while revenues in the Consumer Services industry in Asia are expected to grow by 20%. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Chairman Syed Naqiz bin Syed Abdul Jabbar was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: RM0.006 (up from RM0.009 loss in FY 2021). Revenue: RM90.3m (down 14% from FY 2021). Net income: RM4.42m (up RM10.8m from FY 2021). Profit margin: 4.9% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 42%. Revenue is expected to decline by 12% p.a. on average during the next 3 years, while revenues in the Consumer Services industry in Asia are expected to grow by 21%. Reported Earnings • Aug 30
Full year 2022 earnings released: EPS: RM0.005 (vs RM0.009 loss in FY 2021) Full year 2022 results: EPS: RM0.005 (up from RM0.009 loss in FY 2021). Revenue: RM90.4m (down 14% from FY 2021). Net income: RM4.13m (up RM10.5m from FY 2021). Profit margin: 4.6% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Over the next year, revenue is forecast to grow 31%, compared to a 40% growth forecast for the Consumer Services industry in Malaysia. Price Target Changed • May 31
Price target decreased to RM0.41 Down from RM0.50, the current price target is an average from 2 analysts. New target price is 15% below last closing price of RM0.48. Stock is down 46% over the past year. The company is forecast to post earnings per share of RM0.009 next year compared to a net loss per share of RM0.0093 last year. Reported Earnings • May 29
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: RM0 (down from RM0.001 in 3Q 2021). Revenue: RM13.3m (down 54% from 3Q 2021). Net income: RM106.0k (down 86% from 3Q 2021). Profit margin: 0.8% (down from 2.7% in 3Q 2021). Revenue missed analyst estimates by 100%. Earnings per share (EPS) were also behind analyst estimates. Over the next year, revenue is forecast to grow 47%, compared to a 28% growth forecast for the industry in Malaysia. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. CEO & Non-Independent Executive Director Rezal bin Abdul Rahman was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 02
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: RM0.008 (down from RM0.018 in 2Q 2021). Revenue: RM53.2m (up 40% from 2Q 2021). Net income: RM5.94m (down 47% from 2Q 2021). Profit margin: 11% (down from 29% in 2Q 2021). Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 24%, compared to a 22% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Dec 02
Price target increased to RM0.53 Up from RM0.47, the current price target is an average from 2 analysts. New target price is 23% below last closing price of RM0.69. Stock is up 12% over the past year. The company is forecast to post earnings per share of RM0.0025 next year compared to a net loss per share of RM0.0093 last year. Reported Earnings • Oct 26
Full year 2021 earnings released: RM0.009 loss per share (vs RM0.02 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: RM104.9m (down 31% from FY 2020). Net loss: RM6.35m (loss narrowed 33% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Price Target Changed • Aug 30
Price target increased to RM0.47 Up from RM0.34, the current price target is an average from 2 analysts. New target price is 40% below last closing price of RM0.78. Stock is down 20% over the past year. Reported Earnings • Aug 29
Full year 2021 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: RM104.9m (down 32% from FY 2020). Net income: RM11.1m (up RM19.5m from FY 2020). Profit margin: 11% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Aankondiging • Aug 28
An unknown buyer acquired Prestariang Tech Services Sdn Bhd from Awanbiru Technology Berhad (KLSE:AWANTEC). An unknown buyer acquired Prestariang Tech Services Sdn Bhd from Awanbiru Technology Berhad (KLSE:AWANTEC) in financial year ended June 30, 2021.
An unknown buyer completed the acquisition of Prestariang Tech Services Sdn Bhd from Awanbiru Technology Berhad (KLSE:AWANTEC) in financial year ended June 30, 2021. Reported Earnings • May 28
Third quarter 2021 earnings released: EPS RM0.001 (vs RM0.002 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: RM28.5m (down 51% from 3Q 2020). Net income: RM762.0k (down 36% from 3Q 2020). Profit margin: 2.7% (up from 2.0% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Executive Departure • Mar 15
Chief Financial Officer has left the company On the 13th of March, Abdul Bin Awang's tenure as Chief Financial Officer ended after 1.0 years in the role. We don't have any record of a personal shareholding under Abdul's name. Abdul is the only executive to leave the company over the last 12 months. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 18% share price gain to RM1.24, the stock trades at a trailing P/E ratio of 68.5x, up from the previous P/E ratio of 58x. Average P/E is 21x in the Consumer Services industry in Asia. Total returns to shareholders over the past three years were flat. Aankondiging • Mar 14
Awanbiru Technology Berhad Announces Resignation of Encik Abdul Rahim Bin Awang as Chief Financial Officer Awanbiru Technology Berhad announced the resignation of Encik Abdul Rahim Bin Awang as Chief Financial Officer. Date of change is March 13, 2021. Aankondiging • Feb 26
Awanbiru Technology Berhad to Report Q2, 2021 Results on Feb 24, 2021 Awanbiru Technology Berhad announced that they will report Q2, 2021 results on Feb 24, 2021 Reported Earnings • Feb 26
Second quarter 2021 earnings released: EPS RM0.018 (vs RM0.002 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: RM38.1m (down 35% from 2Q 2020). Net income: RM11.2m (up RM10.0m from 2Q 2020). Profit margin: 29% (up from 2.0% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Price Target Changed • Feb 25
Price target raised to RM0.46 Up from RM0.33, the current price target is an average from 2 analysts. The new target price is 56% below the current share price of RM1.04. As of last close, the stock is up 254% over the past year. Is New 90 Day High Low • Feb 18
New 90-day high: RM1.06 The company is up 116% from its price of RM0.49 on 20 November 2020. The Malaysian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RM0.11 per share. Aankondiging • Jan 08
Huawei Technologies (Malaysia) Sdn. Bhd. and Awanbiru Technology Berhad Signs a Memorandum of Understanding Huawei Technologies (Malaysia) Sdn. Bhd. (Huawei) and AwanBiru Technology Berhad signed a Memorandum of Understanding to drive and promote the adoption of Huawei Cloud and Artificial Intelligence products and services in the public sector. The collaboration will drive the adoption of Huawei Cloud products and services at both the federal and state levels, as well as among Malaysia's statutory bodies, Government-linked companies, and commercial organisations. Huawei will act as Cloud and Artificial Intelligence Service Provider, offering its Cloud products and services such as Infrastructure as a Service, Platform as a Service, Software as a Service, and Anything as a Service, while AWANTEC will act as Managed Services Partner and drive demand and adoption for Huawei's products and services. The MoU was signed by AWANTEC President and Group CEO Dr. Abu Hasan Ismail while signing on behalf of Huawei was its CEO Mr. Michael Yuan. The signing was witnessed by Huawei Malaysia Vice-President of Cloud & AI Business Group, Mr. Lim Chee Siong and AWANTEC Interim Chairman, Mr. Paul Chan Wan Siew. Under the MoU, both parties will collaborate on the following: Jointly develop Go-To-Market plans and strategies, while engaging with potential end-users and customers to understand their needs, and to propose solutions based on Huawei Cloud and AI offerings; Understanding Malaysia's market demand for Cloud products and customer requirements, especially among the government sectors and industries; and Huawei to leverage its technical capabilities as a renowned hyper-scaler Cloud and AI Service Provider to advise on Cloud and AI technologies, and share global best practices for Cloud adoption and migration. Is New 90 Day High Low • Dec 28
New 90-day high: RM0.93 The company is up 113% from its price of RM0.43 on 29 September 2020. The Malaysian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RM0.11 per share. Is New 90 Day High Low • Dec 07
New 90-day high: RM0.73 The company is up 9.0% from its price of RM0.67 on 08 September 2020. The Malaysian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RM0.099 per share. Aankondiging • Nov 24
Prestariang Berhad has completed a Follow-on Equity Offering in the amount of MYR 35.368773 million. Prestariang Berhad has completed a Follow-on Equity Offering in the amount of MYR 35.368773 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 176,843,866
Price\Range: MYR 0.2
Transaction Features: Rights Offering Aankondiging • Nov 18
Serba Dinamik Group Berhad completed the acquisition of Prestariang Education Sdn Bhd from Prestariang Berhad (KLSE:PRESBHD). Serba Dinamik Group Berhad signed as sale and purchase agreement to acquire Prestariang Education Sdn. Bhd. from Prestariang Berhad (KLSE:PRESBHD) for MYR 2.5 million on February 25, 2020. Total consideration will be paid in cash out of which 30% of the cash consideration was paid upon signing of the agreement, This amount is refundable to Serba Dinamik in the event the condition precedent of the agreement is not fulfilled within the agreed period and remaining 70% of the consideration payable within five business days of the agreement being unconditional. Post completion, Prestariang Education Sdn. Bhd. shall cease to be a wholly-owned subsidiary of Prestariang Berhad. The transaction is subject to conditional upon the approval of the Ministry of education, in respect of the change in ownership of Prestariang Education Sdn Bhd, being obtained within 90 days of the date of the agreement. The proposed disposal is not subject to the approval of the shareholders of Prestariang or Serba Dinamik Group Berhad and is not conditional upon any other corporate proposal undertaken or to be undertaken by the Prestariang Berhad. Prestariang Berhad estimates that the proposed disposal will be completed within the financial year ending 30 June 2020. As on August 28, 2020, the proposed disposal is still pending on the approval of the Ministry of Higher Education. The transaction is expected to be completed by the fourth quarter of 2020. On October 23, 2020, the transaction was approved by Ministry of Higher Education. The proceeds from the proposed disposal will be allocated to meet the Prestariang Berhad working capital requirement.
Serba Dinamik Group Berhad completed the acquisition of Prestariang Education Sdn Bhd from Prestariang Berhad (KLSE:PRESBHD) on November 16, 2020. Is New 90 Day High Low • Oct 20
New 90-day low: RM0.48 The company is down 5.0% from its price of RM0.51 on 22 July 2020. The Malaysian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RM0.079 per share. Analyst Estimate Surprise Post Earnings • Oct 14
Annual earnings released: Revenue beats expectations Annual revenue exceeded analyst estimates by 19% at RM154.6m. Revenue is forecast to grow 2.9% over the next year, compared to a 46% growth forecast for the Consumer Services industry in Malaysia. Reported Earnings • Oct 14
Full year earnings released - RM0.017 loss per share Over the last 12 months the company has reported total losses of RM8.31m, with earnings decreasing by RM8.37m from the prior year. Total revenue was RM154.0m over the last 12 months, down 40% from the prior year. Aankondiging • Aug 10
Prestariang Berhad to Report Q3, 2020 Results on May 22, 2020 Prestariang Berhad announced that they will report Q3, 2020 results on May 22, 2020