Journey to Wealth

Prestariang - Beaming For UniMy

kiasutrader
Publish date: Tue, 05 Feb 2013, 10:11 AM

We  recently  attended  the  launch  of Prestariang's new boutique university,  named Universiti  Malaysia  of  Computer  Science  and  Engineering  (UniMy),  in  Cyberjaya.  At the  event,  UniMy  unveiled  its  academic  partner  as  the  University  of  Melbourne (UniMelb),  while  its  industry  partners  are  Microsoft,  IBM,  EC  Council,  Dell,  Huawei and Autodesk. We are confident that this first-of-its-kind university in Malaysia would open up a new stream of recurring earnings and hence, maintain our BUY call, with our FV unchanged at RM2.15, based on a 10x FY13 PE.   
Good  attendance.  UniMy's official launch  at  its  temporary  campus  in  the  Mahindara Satyam Malaysia Global Centre in Cyberjaya was attended by distinguished guests, among whom  were  Higher  Education  Minister  Dato' Seri Mohamed Khaled Nordin,  Secretary-General  of  the  Higher  Education  Ministry  Datuk  Abdul  Rahim  bin  Md  Noor,  Director-General of the Higher Education MinistryDato' Dr. Rujhan bin Mustafa and Professor Ivan Mureels, representing the University of Melbourne as dean of the School of Engineering.
A  distinguished  board.  The  event  kicked  off  with  a  welcome  speech  by  multi-award-winner, scientist and UniMy's first ViceChancellor, Professor Datuk Dr. Halimaton Handan. The  university  was  then  officially  launched  by  Dato  Seri  Mohamed  Khaled  Nordin.  The ceremony  closed  with  the installation of UniMy's Board of Governance,  which  consists  of Dato Dr. Mohd. Arif bin Nun, Dato Dr. Islahuddin Baba, Prestariang's chief executive officer Dr.  Abu  Hassan  Ismail  and  chairman  Datuk  Ramli  Abbas.  Representatives  from  IBM Malaysia and Dell Global Services as well as Dato Mokhzani Mahathir from Sapurakencana Petroleum (all of which are members of the board) were not present at the ceremony.
Source: OSK
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