For Awantec, this is the best outcome rather than loss in the legal dispute with the Government of Malaysia.

Finally, Awantec won the legal dispute with GOM. This is the best outcome for Awantec. With an amount of RM231 Million + RM58 million (5% interest for 5 years), Awantec can be moving ahead.

The Oral Closing Submission has been fixed on 8 March 2024 by the High Court for the conclusion of the OS. The case finally came to an end. Awantec seek compensation RM700Million - RM950Million from Government of Malaysia. The amount is 2 times - 3 times market capital of Awantec. The chance of wining the case is very high.

MATERIAL LITIGATION
The Group has filed and served its Originating Summons (“OS”) dated 15 April 2019 against
the Government of Malaysia (“GOM”) as Defendant claiming the amount of RM733 million
in relation to the termination of the Sistem Kawalan Imigresen Nasional (“SKIN”) by
expropriation.
The OS was heard before the High Court on 22 January 2021, 29 January 2021, 26 February
2021, 9 April 2021, 20 May 2021, 2 November 2021, 30 November 2021, 11 March 2022,
25 July 2023, 26 July 2023 and 27 October 2023. The Oral Closing Submission has been fixed
on 8 March 2024 by the High Court for the conclusion of the OS.
The Group remains positive on the compensation amount based on the formula stipulated
under the Concession Agreement. Based on the above, the management is confident that
there is no impairment necessary for the period under review.
Separately, PSKIN and GOM have also agreed to refer the dispute in respect of PSKIN’s
Originating Summons to court-annexed mediation conducted by the Kuala Lumpur Court
Mediation Centre (“Mediation Centre”). On 30 October 2019, representatives from PSKIN
and GOM (with Parties’ respective Counsel) attended the first mediation session and the
Group will continue to pursue mediation in parallel with the OS.

Super Good News To AWANTEC !!👏👏 Another huge contract from MAXIS 😆😆

Maxis, Google Cloud expand collaboration, integrate GenAI into workflow, services

KUALA LUMPUR (Feb 26): Maxis has expanded its strategic collaboration with Google Cloud by integrating generative artificial intelligence (GenAI) into its workflow and service offerings.

This underscores the communications service provider’s continued commitment to deliver the best innovation to benefit its customers by piloting the latest technological advancements in its daily operations.

Maxis, in a statement on Monday, said that GenAI has the potential to revolutionise enterprise businesses’ digital transformation and the company aims to be at the forefront of driving adoption for both public and private sectors.

“As part of this collaboration, Maxis will be working with Google Cloud to enable enterprise-grade GenAI within its internal and customer service environments, leveraging the Duet AI for Developers platform for AI-powered coding assistance in natural language, and multimodal capabilities from the Gemini models on the Vertex AI platform.

“By integrating these platform capabilities, the company envisions improved internal processes, productivity gains, new operational insights and enhanced customer behaviour modelling,” said the statement.

The telecommunications company said through GenAI, it will also focus on adopting a holistic framework that integrates data, AI and cybersecurity to enhance its digital resilience and create a safer and more secure environment for its customers and operations.

According to Maxis, its GenAI learnings will also be extended through the company's flagship community programmes, ‘eKelas Usahawan’ and ‘eKelas’, to upskill individuals and school students in an increasingly AI-driven world.

“Additionally, Maxis and Google Cloud will continue to develop applied GenAI solutions for data analytics and cybersecurity and extend GenAI skilling opportunities and learnings to Maxis employees,” the statement added.

Chief Information Officer at Maxis, Ng May Ching in the statement said that embracing cutting-edge GenAI in the workplace not only automates processes but empowers employees to focus on strategic tasks while streamlining processes.

“Through AI integration, we can enhance efficiency, elevate customer service with data-driven insights and foster continuous improvement, which aligns with Maxis’ commitment to excellence by staying resilient, agile, and future-ready in a time when top-notch digital services, content and connectivity are in demand," she said.

The collaboration between Maxis and Google Cloud was announced in conjunction with the Mobile World Congress (MWC) 2024 taking place in Barcelona, Spain, from Feb 26 to 29, where Maxis is participating as part of the Malaysia Pavilion.

Meanwhile, Country Manager of Google Cloud Malaysia, Patrick Wee said Maxis' integration with Google Cloud’s unified data management and machine learning platforms demonstrated its foresight in building an AI-ready foundation.

“This foundation now enables Maxis to apply Google Cloud’s enterprise-grade GenAI capabilities at speed and scale to unlock its data’s full potential and drive tangible business value.

“By empowering employees to extract insights from vast amounts of data in natural language and speak software code into existence, Maxis can streamline its operations, bring new digital services to the market faster and create more differentiated customer experiences,” he said.

Awantec is provide Google AI in Malaysia. Huge business opportunity.

Awantec is cheap entry for AI Theme Play !

I think Awantec is the only one AI stock in Bursa Malaysia. Hard to find 2nd one.

No many ppls realise that Awantec involved in AI business which link to Google. More upside ahead since bright future.

https://www.awantec.my/content/unveiling-gemini-ai-google-s-artificial-intelligence-pinnacle

Unveiling Gemini AI: Google's Artificial Intelligence Pinnaclehttps://www.awantec.my/content/unveiling-gemini-ai-google-s-artificial-intelligence-pinnacle

Unveiling Gemini AI: Google's Artificial Intelligence Pinnaclehttps://www.awantec.my/content/unveiling-gemini-ai-google-s-artificial-intelligence-pinnacle

As corporate and government adopt the AI technology, Awantec will benefit substantially. Since Awantec provides AI education and infrastructure.

Awantec to Empower All Teachers from the Ministry of Education with AI-Driven Immersive Learning Platformhttps://www.awantec.my/content/awantec-to-empower-all-teachers-from-the-ministry-of-education-with-ai-driven-learning-platform

AWANTEC will be AI Theme play. Dun miss the boat.

Awantec to Empower All Teachers from the Ministry of Education with AI-Driven Immersive Learning Platformhttps://www.awantec.my/content/awantec-to-empower-all-teachers-from-the-ministry-of-education-with-ai-driven-learning-platform

AWANTEC benefit from AI boom.

Partners You Can Trust: Awantec's Prestigious Recognition by Google
https://www.awantec.my/content/partners-you-can-trust-awantec-s-prestigious-recognition-by-google

Good Results

Another good news is Awantec will apply upliftment from PARAGRAPH/RULE 8.03A COMPANIES.

QR2 will release this Friday.

Awantec QR2 results very very good. Share price hit 50sen very soon.

Awantec to Empower All Teachers from the Ministry of Education with AI-Driven Immersive Learning Platform

CYBERJAYA, 15 January 2024 – Awantec Technology Berhad (Awantec), a leading provider of Technology and Talent solutions, proudly announces a groundbreaking collaboration with the Ministry of Education (MOE) to revolutionise the skills of all MOE teachers in Malaysia. This transformative project, valued at RM4.61 million over three years, marks a pivotal moment in the evolution of educational technology.

In this strategic alliance, Awantec, through its subsidiary, Awantec Systems Sdn Bhd (ASSB), will provide access to empower MOE teachers nationwide with Skillsoft Percipio—an AI-driven immersive learning platform. Offering an extensive selection of over 3,700 courses and 65,364 learning assets, including e-books, this platform ensures that MOE teachers have access to a diverse range of courses, fostering professional development and keeping them at the forefront of educational advancements. This initiative seamlessly aligns with the objectives outlined in the National Digital Education Policy Agenda.

YB Fadhlina Sidek, Minister of Education, emphasised the importance of digital knowledge amongst the educators, school administrators as well as students. “MOE’s aim is not just to produce digitally literate students but also to prepare and equip all MOE teachers and school administrators with all the necessary digital knowledge. With digital learning; MOE Edu Skills Academy (Sistem Pengurusan Pembelajaran: SIPP) will support teachers digitally skilled as the future of education is highly dependent on the advancement of digital technology. MOE’s strategic partnership with multiple industry leaders is crucial to enhance the educators and administrators digital competency shows our global commitment to build a better quality education.”

Awantec CEO, Mr. Azlan Zainal Abidin, expresses deep gratitude for the privilege of this strategic partnership with MOE. "Awantec is thrilled to collaborate with MOE to enhance the competency of all MOE teachers through digitalization. Our partnership with Skillsoft Percipio is a testament to our commitment to providing world-class educational tools, and we are honoured to contribute to the upskilling of our nation's educators."
In this collaboration with MOE, Awantec has secured one of the largest user agreements in the Skillsoft Partner program to date. Mr. Chuck Mulloy, Area Vice President, Asia Pacific, for Skillsoft,” Awantec continues to lead the way for Skillsoft customer digitalization agendas. Transformation is at the core of what we do at Skillsoft. We propel organisations, government institutions, and their people to grow together through transformative learning experiences. Awantec exemplifies the gold standard as a leading partner that, together with Skillsoft, delivers transformation”
Awantec remains steadfast in its commitment to contributing to the nation's digital economy ecosystem and supporting MOE's mission to empower its teachers through digital technology. Leveraging its expertise and services, the company is dedicated to driving digital innovation and firmly establishing itself as the Trusted Partner in Technology and Talent solutions.

Awantec will play main role on implement the Malaysia E-Government project. More contract will award to Awantec. Buy for long term bright future prospect.

The partnership with Google allows Awantec to be part of the government’s cloud framework agreement (CFA) signed in May 2022. The CFA is one of the main thrusts to drive the digital transformation of the public sector, especially by utilising the cloud network.
Awantec’s subsidiary Awantec System Sdn Bhd is the managed service provider (MSP) for Google Cloud under the CFA. In August 2021, Awantec System was elevated to Google’s Premier Level Partner in Malaysia.
Awantec is already serving about 400,000 civil servants through Google Workspace productivity tools and students using the Google Classroom application.

https://theedgemalaysia.com/node/688997

Any projects involved Google, will be handle solely by Awantec. This is huge business, Awantec will back to glory time soon. Long term target price is RM1.00

Expect Awantec to hit 60sen by end of this month bcos the latest QR will extremely good. Another major contract expect will be award soon.

GA Group and Awantec join forces to unleash Gen AI-driven reskilling platform, empowering Sabah entrepreneurs for skill enhancement and business growth

CYBERJAYA, 24 JANUARY 2024 - AwanBiru Technology Berhad (“Awantec”), through it’s fully-owned subsidiary, Awantec Systems Sdn Bhd (“Awantec Systems”) continues to pave the way for talent development in East Malaysia by entering into a collaboration with GA Business Academy Sdn Bhd (“GA Academy”), a well-established integrated professional firm, dedicated to provide an effective solution for business planning, account solution, tax, finance, IT and performance management in Kota Kinabalu, Sabah.


The momentous collaboration signing ceremony, which strengthens Awantec’s position as the trusted partner for technology and talent solutions provider was executed by YBhg Dato’ George Lim from G&A Group and Dr. Peter Lee Fuei Siong, Director, Talent & Development, Awantec Systems Sdn Bhd and witnessed by the Political Secretary of Sabah Chief Minister's Department, YBhg Datuk Dr. Roland Chia.


The collaboration will provide Sabah state entrepreneur exposure to Skillsoft’s Gen AI, an avant-garde upskilling and reskilling platform designed to empower entrepreneurs with cutting-edge technology, thereby enhancing their business yields and capabilities. This innovative platform ensures that entrepreneurs stay at the forefront of technological advancements, equipping them with the latest tools and skills essential for business growth. The programme is made fully claimable using HRD funds, providing a financially affordable avenue for entrepreneurs to invest in their professional development and stay ahead in an ever-evolving business landscape.


“The escalating demand for expertise in critical domains such as the Internet of Things, software development, cloud computing, artificial intelligence, blockchain technology, robotics, project migration, and change management is a direct outcome of the burgeoning digital economy. Timely and strategic, the partnership between Awantec Systems and GA Academy is poised to address this need comprehensively. Through collaboration, our organisation aims to empower enterprises and businesses by unlocking their potential through advanced skill development. This strategic alliance enables Awantec to expand our existing footprint in East Malaysia, focusing on the burgeoning Sabah market." Awantec’s Chief Executive Officer, En. Azlan Zainal Abidin said.

无风不起浪

This morning AWANTEC trading very active, volume increase alots. 1 hr trading volume is more than last few days daily trade volume. Something is happening, insider buying ahead a good news. No wind No wave !

Let me sharing some old news about Awantec regarding the legal case between Awantec with Malaysia Government. This article is from The Edge Malaysia dated 25 Jan 2021.

AwanTec unit seeks up to RM922m in damages after govt unilaterally terminated SKIN contract.
:-https://theedgemalaysia.com/article/prestariang-unit-seeks-rm922m-damages-after-govt-unilaterally-terminated-skin-contract?fbclid=IwAR2jwCYOk6aUBgDEoRXGFbc_2xvF3bLRqJ-G5a03kpydZocAyxx4vQiujLw

More contract will annouce soon

Just Hold tight AWANTEC. Sure will hit 50sen.

蓝云科技获教育部488万令吉三年合约

蓝云科技（AWANTEC 5204）宣布获得教育部颁发一项为期三年，价值488万令吉合同，以采购学习管理系统许可证订购服务。

蓝云科技向大马交易所报备指出，这份为期三年的合约旨在满足教育服务人员数码能力提升课程的要求。

该集团补充说，这份合同标志着 Awantech 在提供数字学习平台方面的首次重大成功。

Awantech的前身是Prestariang Bhd，在其全资子公司Prestariang Systems Sdn Bhd于2021年1月被微软终止在微软合作伙伴网络的会员资格后，已被马来西亚交易所归类为 “受影响的上市发行人”。

截至2023年9月30日的首季，该集团录得净利40万4000令吉，去年同期净亏损139万令吉，主要归功于在线学习平台的销售额增加和营运开支减少。由于软件和服务收入减少，收入从1810万令吉下降9%至1647万令吉。

Awantec Systems Secures Landmark Contract with Ministry of Education, Showcasing Technological Expertise and Educational Innovation

We are delighted to announce that our subsidiary, Awantec Systems Sdn. Bhd. ("ASSB"), has clinched a significant contract titled “Perolehan Perkhidmatan Langganan Lesen LMS Bagi Memenuhi Keperluan Kursus Peningkatan Kompetensi Digital Pegawai Perkhidmatan Pendidikan” with the Ministry of Education (“MOE”).


Key Contract Details:

Term: Thirty-six (36) months, from 15 January 2024 to 14 January 2027

Value: RM4.8 million

Subscription: Learning Management System (LMS)


The Letter of Acceptance from MOE, issued on 21 December 2023, was officially acknowledged by ASSB on 27 December 2023. While the formal contract is currently in the finalisation stage, this achievement marks a significant milestone for Awantec, representing our maiden major contract in providing a cutting-edge digital learning platform. It reaffirms our unwavering commitment to delivering innovative technology solutions to the educational sector in Malaysia.


Stay tuned as we continue to forge ahead in our dedication to transforming education through technology.

QT230000000026127

PEROLEHAN PERKHIDMATAN LANGGANAN LESEN LEARNING MANAGEMENT SYSTEM (LMS) BAGI MEMENUHI KEPERLUAN KURSUS PENINGKATAN KOMPETENSI DIGITAL PEGAWAI PERKHIDMATAN PENDIDIKAN

KEMENTERIAN
KEMENTERIAN PENDIDIKAN

AGENSI
BAHAGIAN PEROLEHAN

NAMA PTJ
BAHAGIAN PEROLEHAN

ALAMAT PTJ
BAHAGIAN PEROLEHAN DAN PENGURUSAN ASET, ARAS 6 BLOK E2 KOMPLEKS E, ARAS 6 BLOK E2 KOMPLEKS E 62604 PUTRAJAYA WILAYAH PERSEKUTUAN PUTRAJAYA

NAMA PETENDER BERJAYA:AWANTEC SYSTEMS SDN. BHD.

ALAMAT PETENDER BERJAYA:BLOCK 11B, STAR CENTRAL, LINGKARAN CYBER POINT TIMUR, CYBER 12 SEPANG 63000 SELANGOR

NO PENDAFTARAN MOF:357-02022936

NO PENDAFTARAN ROB/ROS/ROC:630804-K

HARGA SETUJU TERIMA (RM):4,611,750.00

KATEGORI PEROLEHAN:PERKHIDMATAN BUKAN PERUNDING

TARIKH KEPUTUSAN PBM:14/12/2023

JENIS TENDER / SEBUT HARGA:TENDER TERBUKA

TARIKH PAPARAN KEPUTUSAN:16/12/2023

Awantec partners with ESG Malaysia to elevate sustainability professionals’ AI-d ..

Read more at:
https://hrsea.economictimes.indiatimes.com/news/hrtech/awantec-partners-with-esg-malaysia-to-elevate-sustainability-professionals-ai-driven-learning-solutions/105982295

Next week should hit 50sen at least.

After YTLPWR with NVIDIA. AWANTEC will be next with GOOGLE JV in AI in Malaysia.

AWANTEC will team up with GOOGLE in AI Venture in Malaysia

Strong support at 30sen.

40sen support also break. Better run for ur life now.

CATCHA break down 41sen super strong support level. Look like will drop further to 30sen-33sen. Please be careful.

CATCHA forming "M" shape, break below 41sen will trigger selling order. Next support level is 30sen.

Hopefully tomorrow can break RM1.00

MOF cost of entry in SMRT around 90sen and above. This shown MOF looking good SMRT future prospect, and this is long term investment.

SMRT got MOF(Ministry Of Finance) as support, future prospect damn bright!

MOF buying aggressively in the market today. Will SMRT award contract by MOF ?