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Overview
Financial Highlight
HeadlinesBusiness Background Prestariang Berhad (Prestariang) is an investment holding company with a wholly owned subsidiary, Prestariang System Sdn Bhd (PSSB). Prestariang is an information and communication technology (ICT) services provider focusing on ICT training and certification, and software licence distribution and management. PSSB is a holding company of Logisys Sdn Bhd (LSB) and Prestariang R&D Sdn Bhd (PR&D). In 2010, the Company launched its in-house developed ICT certification programme, namely IC CITIZEN. The Company offers approximately 40 certification courses from various technology and software vendors who are its partners, including Microsoft, IBM, Oracle, Sun Microsystems, CompTIA, Autodesk, EC-Council, Adobe and others.
  ray1980 Bank Pembangunan Malaysia Bhd give loan for this company?News say this government bank is shit bank have many problems.Market would be giving impact next week trade? 11/11/2018 11:47  Des07 This is a gem, explosive, high growth, PE<4, SKIN concession alone give recurring EPS 7 sen each year equivalent to 10% ROI based on current price. 11/11/2018 12:09 jack2 Dont dream of skin If gov to proceed, which unlikely; with cut throat revised price Till no fats, left bone; take it or no go 11/11/2018 20:20 ray1980 I think Malaysia government's financial situation is not stable now!Be risk... 11/11/2018 21:46 ray1980 MoF LGE told all department need reduce at least 10% cost on projects.The SKIN on this monitor radar!?Because cost of SKIN is big figure project. 11/11/2018 21:51 trader9918 the skin project already 10% completed. it will not cancel but surely will be revised , cut cost. the price already factor in this possibblity 11/11/2018 22:06 trader9918 i think this time LGE will be more relax, after what happpened in gamuda case. many people not happy with him. 11/11/2018 22:09 trader9918 if cut 10% ,, .. 15 year about rm200 mllion conssesion.. huhu.. ciak be liaou...haha. 11/11/2018 22:17 trader9918 Prestariang RM3.5b SKIN project to proceed JULY 4, 2018 @ 4:52PM BY AZZMAN ABDUL JAMAL Prestariang Bhd group chief executive officer Dr Abu Hasan Ismail. (Photo by NURUL SHAFINA JEMENON) KUALA LUMPUR: Prestariang Bhd will proceed with its Sistem Kawalan Imigresen Nasional (SKIN) project as long as the RM3.5 billion project will not be subject to review by the government. Group chief executive officer Dr Abu Hasan Ismail said the project would be carried out as per the definitive concession agreement signed on July 18 last year. SKIN is a border protection control systems which will replace the existing Malaysian Immigration System (myIMMs). Prestariang was now focused on completing the project on time in 2020, Abu Hassan said when met by reporters after meeting the five-man Council of Eminent Persons here today. "They (the council members) want to know about SKIN, so we are giving updates on the project to them. We have not received any (instructions for review) yet, and it will continue as stated in the contract," he said, when responding on whether the new government would review or abolish the SKIN implementation. SKIN, which is expected to be implemented in 2021, is a system designed to empower the country's immigration control system, thus preserving the national border security to meet current and future immigration operation needs. The enhancements will include enhancing the coordination of the immigration processs in order to enhance the efficiency and effectiveness of cross-border crime. The system will be also be linked to all national gateways, including airports and borders and attache offices overseas. In July 2017, Prestariang through its subsidiary, Prestariang Skin Sdn Bhd, signed a concession agreement for 15 years with the Home Ministry to replace myMIMs. Prestariang had said it would receive the payment upon full commissioning of SKIN Solutions, with an average annual payment of RM294.7 million for 12 years, from the fourth to the 15th year, during the maintenance service period. The company roped in French defence, technology and security firm Thales Communications 11/11/2018 22:22 zerocool7199 PH goverment have to take care our emerging market seriously.when much of malaysian get burn in stock economy will be more worst and no need say i think is hard for them to have another term.. 11/11/2018 22:44 Des07 Development only take 12 months. year 2 and 3 is to roll out to all sites (200+). Now probably already 30%-40% in development. Half way change design/scope will make the cost goes up.. It is not as simple as cut cost for the remaining 60%. Those in IT development/project will understand. Some more.. the government only start paying in year 4 i.e. 2021.. by then next election due before even they could show any material cost saving. The fact that Bank pembangunan provided the loan to fund 99% of the project showed that MoF already gave the blessing. 11/11/2018 23:02 jack2 U can go to bank & borrow rm1.0m for yr mortgage loan; if no drawdown No liability except comitment fees; may even cancell 12/11/2018 08:01 jbon_99 Des07, i heard gov while reviewing, the SKIN project's progress has been halted or stand down until they will announce it. 12/11/2018 09:00 oily gassy If the project is temporarily halted, shouldn't this be made known to Bursa 12/11/2018 09:21 Des07 jbon.. from what I see the prestariang share melt down more driven by selling by KWAP, AIA (due to fund liquidation), director force selling and not so good Q2 result and "speculation" on SKIN being cancelled/reduced... that created in balance in shares supply and demand and the price would have priced in the inbalance. The most selling has finished by end of Oct. and start the journey to move up (volume also coming back show people dare to buy). Any announcement on SKIN would be good as it gives clarity and certainty. Educloud, Unimy (student growing, strong demand for digital education, expanding campus), software (contract already in hands), job matching business offer bright prospects (not impacted by trade war) along already justify the current price. Pricing/contract renegotiation is part of the business that the company need to handle and work on the cost base and they are many levers available. If you believe SKIN will eventually go ahead (don't worry about how much price it cut), then buy now. If you think it will be cancelled, then don't jump in now. 12/11/2018 11:08 jack2 Its normal, PH gov gave stop order notice to many projects less than 10%; meaning further review 12/11/2018 20:25 dragon12345 Heard that govt will compensate whatever work done on SKIN. After that invite other proposals from different supplier in order to reduce the total cost. 12/11/2018 21:58 dragon12345 Yes heard that the SKIN project is halted until receive a good proposal from other supplier. 12/11/2018 22:03 dragon12345 As of now, SKIN is halted ! Govt will look into better solution to save COST ! Definitely govt will implement border security project but needs time to re-visit for a better proposal. 13/11/2018 10:17 jbon_99 dragon12345, where do you get the info from? Please share the link or any of info here. Or do you just put rumors here? 13/11/2018 10:32 EVO118 It is more than likely rumors & wishful thinking. It's not "HEARD" , more like "IMO". It is very costly to halt it. To restart again will mean another 2 years of lead time before we see any results. Also in 2 years time with the pace of technology whatever we look at now will be outdated. We need to update our security system which is already outdated. 13/11/2018 10:54 Des07 This is what I noticed... more constructive than those who said heard this and that without facts. I started tracking IDSS volume week ago. When the price surge, the IDSS volume is also high (especially before price surge and IDSS was then suspended). When the price drop, there is very small IDSS volume. Today when opened, the IDSS volume kicked in to short the price down, when it reached the bottom, the IDSS stopped and collection start. When the price hit above 0.70, the IDSS came back to halt the price from trending up. At the time of the writing the IDSS volume is 8915. check it out.. 13/11/2018 10:56 EVO118 The original SKIN system is not only a local security system. It has the ability to link into the international database of terrorist. It will easily flag a terrorist that has been marked by other countries. It takes time to be able to co-ordinate with the universal software as well as to learn & manage it. It took Prestariang 2-3 years to prepare for this proposal, as well as to sign up the various agencies agreement to be able to implement this.. Don't think it is going away. 13/11/2018 11:41 TKP9966 Yeah , pick up from dropping price jz now .. will continue up later 2nd part 13/11/2018 13:15 abang_misai Be patient. If your tp is Rm1.00. It is not so hard. But if your capital is Rm2.80, then it’s hard to recoup 13/11/2018 22:58 EVO118 The next quarterly report is due end of this month. Not much going on until days before the release to give an indication of direction. 14/11/2018 10:09 jack2 If you want to know whether the project is halted or not; Cam consider to phone the company ir; the may tell u as shareholder; Nevertheless statement is usually added with spices 14/11/2018 10:50 Des07 no need to call ir.. they will tell you business as usual... or worst someone just put a fake news said they had called ir and ir told them is halted and pending review by PH... 14/11/2018 15:44  |
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