I’m also eager to know what is the status of Caravan capital management holding as they are no longer in the list of 30 major shareholder as per 2020 annual report.
KUALA LUMPUR (Nov 24): ARB Bhd has teamed up with China’s state-owned China United Network Communications Group Co Ltd (China Unicom) to undertake smart building projects and other ancillary businesses in Malaysia.
The partnership agreement was signed today by their respective subsidiaries, Arbiot Sdn Bhd and China Unicom Operation (Malaysia) Sdn Bhd, ARB said in a filing with Bursa Malaysia.
China Unicom is the world’s fourth-largest mobile service provider by subscriber base, and is listed on the stock exchanges in New York, Hong Kong and Shanghai.
For FY19, China Unicom registered a profit after tax and minority interests of 11.3 billion yuan (RM7.1 billion), on the back of a revenue of 264.4 billion yuan (RM164.9 billion), said ARB.
Under the agreement, both parties agreed to collaborate in artificial intelligence, internet of things (IoT) and smart buildings platforms and applications in Malaysia.
The initial term of agreement is three years and will automatically renew on an annual basis.
In a press statement, ARB executive director Datuk Larry Liew Kok Leong said the knowledge-transfer from China Unicom will enhance the group’s IT offering solutions and services to its clients.
“We understand that China Unicom is going big in the area of 5G, with the construction of telecommunication towers and buildings. Our collaboration is timely, as Arbiot will contribute via its IT offering solutions to the projects. We have strong confidence that this augurs well for the prospects of the group,” said Liew.
He added: "The partnership strategically aligns both companies for the long term by combining the strength of both entities with dedicated focus and expertise as a leading smart IoT player globally."
"It will enable Malaysian businesses to leverage cloud services, AI (Artificial Intelligence), IoT (Internet of Things), edge solutions, data, machine learning, and more to empower employees, engage customers, transform products and optimize operations… all through connected experiences.
Really too much... why didn't the Malaysian government appoint a local company Instead of giving the Business to Microsoft???
Microsoft was previously appointed by the Malaysian Administrative Modernisation and Management Planning Unit (MAMPU) to provide cloud services to the Malaysian public sector agencies through 2023.
Everybody go make lots of noise and ask them to appoint local companies like ARBB. Since Microsoft is appointed till. 2023 when the noise is very loud, they might give the Business to local Malaysian companies after 2023.
in terms of stability, scalability, reliablity, fault-tolerance ability, customization and configuration, customer support, goverment cloud support, security compliance, for sure goverment will choose Microsoft becuase it's trustworthy. Assume you are the government and for you, data security and integrity are the most important, which one will you choose? local or Microsoft?
If yes please help to ask below question from i3 member:
1. What are the receivables in Non Current Assets made up of? There are a total of RM120 million receivables, is there any risk of not being able to collect back?
2. When are C&M Energy starting operation? Previously the chairman mentioned that the solar business will generate RM5-11 million cashflow, is that still relevant today?
3. The top 4 customers made up majority of the company revenue? Who are them and which segment are they from?
4. How does ARBB to remain relevant and stay competitive as more new entrant go into field of ERP, SAAS, PAAS , IAAS and IoT? What is the advantage of ARBB compare to rest?
whoever attend please share over here, ARBB i believe another 10x return company. wait and see the result tomorrow sure be fantastic and attractive!! conglate whom choose ARBB
Nothing special. Was a very short meeting with summarised Q&A session. I hope they can answer every question like EcoWorld International. But they understand the concerns on receivables and will improve on it. Hope to see more good news going forward
Pump n dump..whether good or bad counters..the sharks play their ways. Value investments are to blue chips only. Good counters like Arbb...Fatty Liew please put in more effort to the price to let more shareholders support.
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I’m planning to attend but still unsure whether my registration is completed without issue.