Posted by YLR33 > 2021-05-14 07:36 | Report Abuse

thanks 1994 investors
initially i was attracted to the company after reading several promotion blog writings, but after reading latest annual report n have some analysis, yes, some of the projects awarded to the company are RPT, the value seem inflated....
am uneasy with the co revenue and cash flow...
be careful guys, do own due diligence before investing..

Posted by LimitUp > 2021-05-14 08:57 | Report Abuse

Since last year they started to promote ARBB almost every other week with fantastic project earnings potential etc. All their so called IoT (and obscure) contracts are overpriced and it would take a fool really to swallow such wonderful future potential of such contracts. From the outset the over-promotion of ARBB already looks suspicious.

Posted by s3phiroth > 2021-05-14 09:33 | Report Abuse

the exact copy of Megan accounting scandal.

Posted by Bizfuneng > 2021-05-14 12:48 | Report Abuse

Tq for this interesting detail reporting.

Posted by BLee > 2021-05-14 12:51 | Report Abuse

Good write-up. I am very much in ICPS investment. I would likes to add to your "conversion ratio of 1:1"; there are 2 methods of conversion. It is rather confusing as 1:1 conversion applied with additional cash. Unlikely, with the current ICPS pricing, the second method of conversion with more than 1 ICPS without additional cash is practical. Whoever has invested at 1sen ICPS has nothing to worry. Happy Trading

Posted by CynicalCyan > 2021-05-14 13:55 | Report Abuse

Finally, it takes a daring soul to voice out. Hats off to you. Very well written article to warn the gullible public.

Posted by The1994Investor > 2021-05-14 15:13 | Report Abuse

Glad to hear your support. Was expecting backlash for this post tbh :)

Posted by Starship2 > 2021-05-14 21:04 | Report Abuse

Very brave of you to put out such a report. Hats off to you. Much appreciated

Posted by Titan > 2021-05-16 03:25 | Report Abuse

Kudos to The1994Investor. This is the type of quality report/analysis that we should all appreciate. Despite me having small number of shares in ARBB to test test the water....hehe.....but I fully appreciate your article. Pls keep up your good work. TQVM

Posted by Lovers > 2021-05-16 18:38 | Report Abuse

Good analysis, even I m accountant also did not go so details. Hope u can share more tis type of article. Thanks

Posted by HeOpens ItFirst > 2021-05-16 21:42 | Report Abuse

Good job, I am supporting you to reveal more about other listed companies. Thanks again.

Posted by csan > 2021-05-16 22:33 | Report Abuse

next one serba dinamik

Posted by kalteh > 2021-05-21 14:01 | Report Abuse

One of the classic sign the company is a fraud comes from its tax paid. Less than 5% effective tax rate over 5 years? Think about it.

Posted by TimCoke > 2021-05-21 15:08 | Report Abuse

If you dig into it, they do not have any actual product or service in fact. Have a look of their story

Posted by TimCoke > 2021-05-21 15:12 | Report Abuse

but PE is low, got potential, risk it

Posted by CynicalCyan > 2021-05-22 17:59 | Report Abuse

Anyone who read this article would have been saved from losses from ARBB this week

Posted by Citadel9999 > 2021-05-22 18:10 |

Post removed.Why?

Posted by davidkkw79 > 2021-06-03 08:09 | Report Abuse

To be frankly, I also feel Arb quite suspicious as serbak case as well.

Posted by king36 > 2021-06-09 15:25 | Report Abuse

Looks like another dying horse like AT, Talamt......