And good morning guys!

Thank you Prof Bahari for sharing your life story and in excellent English too ( in grammar and prose ) I pray that you continue to proceed in the same trajectory and not go off at a tangent lured by the illusory riches of politics later on. Be true to your Orang Asli heritage. May your community preserve your culture because there are vile people out there who want you to assimilate you in the name of progress.

Happy weekend guys! Cheers

https://klse.i3investor.com/insider/substantialShareholder/7181/19-Jun-2020/491075_1121607584.jsp

Whats for brunch sis Elaine Tan ?

Guys! For long term trader like us , we will not feel anything for Arbb up and down, if price goes down means a discount for us to collect more as we know the value of the share we invest, cheerssss Arbb holders

Same there lovely Elaine Tan

Its lunch time...........

ARB - Quantum Leap in Earnings With ERP and IOT

INVESTMENT HIGHLIGHTSDiversification from timber business to ERP and IOT provides ARB with quantum leap in earningsCompany’s large pool of clientele consists of underserved SMEs as well as GLCsLeveraging on unique partnership model to roll out IT software and platforms and to ensure customer stickinessCash-rich balance sheet further supported by on-going conversion of irredeemable convertible preference sharesWe ascribe ARB with a fair value of RM0.51

Company background. ARB Bhd started off in the timber business. Subsequently, it diversified into the provision of IT services, especially in the field of enterprise resource planning (ERP) and internet of things (IOT) solutions.

Fruitful diversification. Subsequent to the diversification, ARB’s financial performance has improved tremendously. This is mainly attributable to the existing low adoption rate of Small and Medium Enterprise (SMEs) business digitalisation and Government-linked Companies in South East Asia. As seen in the company’s 2019 financial performance, both the revenue and earnings grew by more than five folds. Moving forward, we expect the earnings growth prospect to remain exciting.

Unique ERP business model. Moving away from the traditional ERP pricing model, ARB’s unique business proposition includes the setup of a joint venture (JV) company with its partner. Under this arrangement, ARB will provide the necessary investments required to set up the ERP platform while the partners need only to impart their business knowhow. Nonetheless, we understand that in the initial years both parties have agreed to plough back the entire profits for reinvestment purposes.

Strong cash position. In order to implement the ERP business model, having a healthy cash reserve is important. In this regard, ARB’s FY19 cash level has grown significantly to RM27.6m. This is achieved via the profit-making IT business as well as cash injection from its main shareholder through the conversion of ICPS. Thus, we do not expect any dividend payments in the foreseeable term as new cash generated will be reinvested for future expansion.

Business risk. We have identified three main risks associated with ARB’s key businesses. These include: (i) risks of new entrants; (ii) exposure to the industry the partner operates in and; (iii) risk of obsolescence.

Fair value. We value ARB at RM0.51, premised on pegging FY21F EPS of 11.9sen against forward PER of 4.3x. The premium multiple reflects the company’s high-yielding diversification strategy to the IT business from timber business previously.

GUYS! To be fair, there are surely many good apples in Umno but they are over powered by rotten ones who join the party to enrich themselves on the pretext of serving ‘bangsa, agama and negara ‘. On the other hand, you also have rotten apples in PKR who shout ‘ reformasi’ but quickly backstabbed PKR leaders to join the backdoor Government. And in PAS, they portray religious piety on the outside but willing to work with rotten Umno apples for self gratification. Quite unfortunately, many Malaysians enjoy the smell of rotten apples.

Let's go makan makan makan

Fair value ARB at RM0.51, premised on pegging FY21F EPS of 11.9sen against forward PER of 4.3x.

Tea time tea time! cheers!

Its lunch time!!!!

Happy weekend ya

Stay tune for more signal guys.

Yes THEREALDEAL, follow stir fried 1 plate

Me too Elaine Tan, have a nice day.

Morning guys.....

Patience turns into gold.

The Singapore minister is just paying lip service. Subconsciously he/she must be smiling as Singapore could fast replace Hong Kong as the region premier financial center.

ChineseKungFuMaster, What you mean is.......A student gets beaten by a bully and asks for help from a bigger bully. Then the first bully beats you again saying 'you asked for it for crying for help'.?

As one of Singapore Minister said in leaked conversation on Hk advantage, no matter what happen to HK, ppl will still do business with HK simply because HK is part of China.

Yeah behaved guys

Yeah agree, Arbb going discount, keep on collecting!

Kwai, you better ask bursa is it true.

You cannot change your look and your origin. It is wrong to discriminate. Know your rights and don’t be ashamed of your colour. Shame on those racist white people. Uncivilized

After lunch Arb will fly? Nice nice nice!

It’s not shocking at all. Has been outdated for a long time....But i see no problem at all Q IV

Because June end mega project is ON, then year end 0.40 (minimum) dividend also ON. Oh i forgot, Caravan inviting Arb to U.S for roadshow that one also very interesting!

TRD already tell many dream, recall its india thing, june end project, and equation , think is good enough for me. Biggest hope is the June end mega project, still fighting for it, so lets just all pray hard!

What la, fighting among ourself, what talknumberone say is right(in the past)course war, but WellingtonSky also not wrong at all(in present)course 50年不变! Everyone is right,so just stop it ok.

FOOK YOU FOOK ME fooyoh! What a compliment! Being the best president! Beating the likes of George Washington, Abraham Lincoln and Frankling Delaney Roosevelt. What would your history teacher say about your history knowledge?

Yeah luckily listen to you guys when Arbb price is super undervalued, now without any worries suka suka I can top up anytime.

Hi guys

Guys just be nice here ok?

Good morning guys,last friday didn't manage to try out Arbb iot machine, but the good thing is short meeting with Dato Liew, this year end or early next year special dividend is confirm guys! So better stick to the plan guys!

Later going Qsentral. yahooooo

Selamat hari raya guys.......

Nasi Lemak Recipe

Nasi lemak - Malaysian coconut milk rice, served with sambal, fried crispy anchovies, toasted peanuts and cucumber. This is the best and most authentic nasi lemak recipe.

Prep Time: 30 minutes
Cook Time: 30 minutes
Total Time: 1 hour

Ingredients:
coconut milk steamed rice
2 cups rice
3 screwpine (pandan) leaves, tie them into a knot as shown above
salt to taste
1 can coconut milk (5.6 oz)
some water

Tamarind Juice
1 cup water
tamarind pulp, size of a small ping pong ball

Sambal Ikan Bilis (Dried Anchovies Sambal)
1/2 red onion
1 cup ikan bilis, dried anchovies
1 clove garlic
4 shallots
10 dried chillies
1 teaspoon belacan, prawn paste
1/4 teaspoon salt
1 tablespoon sugar

Other ingredients
2 hard boiled eggs, cut into half
3 small fish, sardines or smelt fish
1 small cucumber, cut into slices and then quartered

Instructions
Just like making steamed rice, rinse your rice and drain. Add the coconut milk, a pinch of salt, and some water. Add the pandan leaves into the rice and cook your rice.

Rinse the dried anchovies and drain the water. Fry the anchovies until they turn light brown and put aside.

Pound the prawn paste together with shallots, garlic, and de-seed dried chilies with a mortar and pestle. You can also grind them with a food processor. Slice the red onion into rings. Soak the tamarind pulp in water for 15 minutes. Squeeze the tamarind constantly to extract the flavor into the water. Drain the pulp and save the tamarind juice.

Heat some oil in a pan and fry the spice paste until fragrant. Add in the onion rings. Add in the ikan bilis and stir well. Add tamarind juice, salt, and sugar. Simmer on low heat until the gravy thickens. Set aside.

Clean the small fish, cut them into half and season with salt. Deep fry. Cut the cucumber into slices and then quartered into four small pieces. Dish up the steamed coconut milk rice and pour some sambal ikan bilis on top of the rice. Serve with fried fish, cucumber slices, and hard-boiled eggs.

Nice

Nice, so tomorrow after makan-makan we go Arb meet Dato?

Come come, the more the merrier!

hehe

Morning, QR1 will be release very soon guys!

Ok Confirm this Friday 3pm Qsentral 12thfloor meet!

Sure kia elaineetan, this friday my son school holiday started, let's go then!

Jio kia makan2 dulu......syiok

Why they stoop so low to lie about this (that the settlement decision was made by Thomas) is mind-boggling.

Not only it was a cheap shot at denying accountability but the lie is so delinquent in nature that only people with the brain of a child will do this.

Thomas is still alive. Don't they know that he can always make a statement to rebut the false statement? It is not like he is incapacitated, unable to respond to untruth made in his name.

Gentlemen, for me i usually use Quater to Goreng only. The rest is for holding mid term range invest also!

Negri and selangor top the list now.(The most chinamen hiding area)
Presume more to come.