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ARB seals RM84m per year contract with Cambodian firm

LimKL1
Publish date: Thu, 22 Aug 2019, 10:04 PM

https://www.theedgemarkets.com/article/arb-seals-rm84m-year-contract-cambodian-firm

KUALA LUMPUR (Aug 22): ARB Bhd has signed a contract with a Cambodia agriculture products firm to provide an enterprise resource planning (ERP) system.

ARB, formerly known as Aturmaju Resources Bhd, said the contract with Tatan Land Co Ltd is expected to contribute an estimated US$20 million (RM84 million) to the group’s topline per year.

ARB will provide a customised ERP system and system integration solution (SIS) to TLCL. The system's features include real-time sales tracking, real-time sales and inventory, inventory management, warehousing, and logistics optimisation, the group said in a filing with Bursa Malaysia.

The one-year contract can be renewed automatically when TLCL achieves the agreed target of US$20 million in gross merchandise value.

ARB said the contract, signed by its wholly-owned unit ARB Development Sdn Bhd, is in line with the group’s regional business plan to continue to expand its footprint in Cambodia.

“With our ERP solutions, we hope to assist TLCL to accurately map inventory assortments against consumer preferences and seasonal trends across their operations/outlets,” said ARB chief executive officer for investment and technology Datuk Larry Liew Kok Leong.

“This ultimately provides better customer service with an improved, more real-time understanding of what is selling and what is not,” Liew added.

ARB shares closed 1.5 sen or 4.05% lower at 35.5 sen, giving the company a market capitalisation of RM74.57 million.

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1 person likes this. Showing 3 of 3 comments

No right Nor wrong Only to Win

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Take over for Us Amazon .

2019-08-22 22:10

williamchan82

step by step,

2019-08-23 08:54

THEREALDEAL

ARBB(7181) UP-TRENDING PRICES FROM SEPTEMBER TO OCTOBER 22TH 2019

ITS LOWEST WAS

0.30 SEN

THEN 0.34 SEN

THEN 0.365 SEN

THEN 0.375 SEN

NOW LATEST CLOSE IS 0.345 SEN

AHEAD IS WILL BE MASSIVE CASH EARNING COMING IN !!!!!


WITH
1.ARB posts record profit of RM8.6mil in 2Q19

2.ARB seals RM84m per year contract with Cambodian firm

3.Healthy Pipeline with RM1.46Bil Sales Going Forward

4.ARB are still very undervalued stock, an unrevealed GEM!

5.So when to collect ARB shares? I SAY ITS NOW!

NEAR FUTURE IN WHICH STAGE WILL ARBB BE?

NEXT WEEK?

NEXT MONTH?

4 MONTHS FROM NOW?

6 MONTHS FROM NOW?

1 YEAR FROM NOW?

2 YEARS FROM NOW?

3 YEARS FROM NOW?

SMART INVESTOR BUY AND WAIT!
THE ONES WHO ARE FOLLOWERS WILL WAIT AND BUY!
CHOICE IS IN YOUR HAND!

HOW MUCH WILL BE THE PRICE OF ARBB?

0.50 SEN?

RM1.00?

RM1.50 ?

RM5.00 ?

RM10.00?

OR MORE???

MAKE A GUESS!

2019-10-23 16:34

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