The Cyberjaya University College of Medical Sciences (CUCMS) was established in 2005, in line with the government’s aim to improve Malaysia’s healthcare system. As its name suggests, CUCMS is located in Cyberjaya.
CUCMS aims to serve the nation through excellence in health sciences education, research, public service and clinical care. With the advantage of having a niche partnership with the Medical Division of The Ministry of Defense, CUCMS strives to produce competent healthcare professionals and is a distinctive institution of higher learning in the field of medical sciences.
CUCMS offers Foundation Programmes in Medicine/Pharmacy and Allied Sciences and Bachelor Programmes in Medicine, Pharmacy, Traditional & Complementary Medicine, and Allied Health Sciences.
Projected earning from Cyberjaya University College of Medical Sciences (CUCMS) alone without existing SMRT business.
For year |
2013 |
2014 |
2015 |
2016 |
Revenue, RM (millions) |
49.1 |
51.7 |
55.1 |
54.6 |
Annual revenue growth (%) |
14.1 % |
5.1% |
6.6% |
-0.8% |
Profit / loss, RM (millions) |
5.1 |
5.6 |
8.3 |
7.6 |
Net Asset, RM (millions) |
19.5 |
25.1 |
33.4 |
40.9 |
Gross Margin (%) |
59.2% |
59.3% |
59.9% |
57.5% |
Net Margin (%) |
10.3% |
10.8% |
15.0% |
13.9% |
ROE (%) |
26% |
22% |
25% |
18% |
HR training and software company SMR Technologies Bhd will grow the new business by leveraging on its existing network to attract students from the Middle East.
“We can tap into our existing network there to bring in students from the six countries of the Gulf Cooperation Council where our recent key customers are,” chairman and chief executive officer Datuk Dr R. Palan said after its AGM.
CUCMS director Dr Mohamad Salmi Mohd Sohod said a typical medical course would cost US$200,000 (RM638,500) in the Middle East but the college was offering it at 60% to 80% of that price (from RM383,100 to RM510,800).
Coupled with strong security and relatively low cost of living in Cyberjaya, Salmi said the course would appeal to foreign students. The CUCMS building is located on Jalan Teknokrat 3, near the Shell U-Village building, Ericsson building and TM IT complex.
“Besides that, international students usually pay 30% more than local students,” he added. He also said that the group would market itself in South-East Asian countries like Myanmar, Brunei and Indonesia in the future.
Palan said the institution’s niche was in medical sciences, which would help differentiate itself from other education groups. “The doctor-to-population ratio is still very low in Malaysia compared to developed nations and that presents a vast opportunity for growth,” he said, adding that the payback period for the investment was five years.
He also said it would look into introducing new programmes and hoped to collaborate with more international universities in the future. It had signed a memorandum of understanding with University of Ballarat, Australia, to provide a platform for both parties to collaborate on the design and development of some programmes.
According to Palan, education contributed 50% to SMR revenue while human resource professional services and human resource software 25% each. With the accretion of the new education business, he expected the education segment’s topline contribution to grow to 60%.
with this acquisition, SMRT earning and revenue will be double but the share price is so cheap, might be the limited number of share issued. Hopefully Datuk Dr R. Palan will reward its investor with bonus issue or free warrant. Cheers!
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