Got profit But ask money. Low PE But major sell off…. Got product But ppl cannot buy!!! Can see the pattern!!! Sure the management and keyboard warriors will get kicked by the Public bro….. I m just advising …. The Public If they get angry …. Even the Boss will be stripped and kicked in the butt

The Public would also check How the value erased 80% in about a year.. no signals pointing that this Company has potential

U think Public is not reading about the requirement! Ok do u think Public has forgotten regarding the mou with Public Uni? Which Uni? How much given? What is The results? The Public will kick bro…

EastWestWalker… think Which requirement arbb fulfilled to Talk about NASDAQ. U need to fulfill the requirement consistent ly at least for 3 years, bro!!! Now not even one!!!!

U Talk nonsense the Public will kick your ass!!!

Bosskufanboy Which requirement arbb fulfilled to Talk about NASDAQ. Talk sense, Public is watching bro….

Quality stocks wont drop bro… unless go prob…. Or something happening…. This is 80% drop…. Public is watching bro

Apa salah If arbb just tell honestly … rather than beating around the Bush … NASDAQ …. IoT …

The Public can get angry bro…. Dont !!! Better to be honest!

How the Public would trust bro! Uncle and aunties money gone already… pity them …. Hehehehe…. Hahaha

Public is watching bro! From 50 cents drop to 11 cents. And still dropping. Products track record not shown. Difficult to buy the product! Very profitable But Always ask for money eg recent RI. MoU with local Uni? NASDAQ announcement But none requirement fulfilled !

But dropping to 11.5 cents is a got start?

I also dont understand How to buy the products. How arbb related to 5g. arbb selling networking components?

Public is watching bro…. From 50 cents drop to 11.5 cents. Asking money from Public when So much of profit. Products cant be bought easily…. Can we buy it ?

Anyway drop to 11.5 cents…

Neonstrife warren buffet said must understand the Business? Did he Talk about valuation First? I know u guys will Talk about millions? But does this Company do? Pity uncles and aunties

Brothers, Public is watching. Dont try to give hopes.

Kah Thui which sme subscribed to arbb’s erp? I also run a sme? Why im not allowed to buy? What kind of sme can Buy these super specialised IOT - ERP products?

Arbb is full of contradictions. Slowly sliding to 11 cents. I pity uncles and aunties. Queued subscribed to RI. In the end, get nothing…. Hehhebe

Analysis of arbb… it touched 50 cents and dropped to 11 cents. It’s a hidden gem, that was once upon a time a gem, then become rock… and now u say will be gem back? Is it? Arbb is play gem rock trick is it?

But yes I do understand EastWestTalker’s logic. Some companies have specialised products. So they hide their products. I also have specialised handphone shop! Why can’t I buy arbb’s product? Why so much fuss… is it because I’m not so rich!

Hehe…. Peer comparison. Neonstrife and Kah Thui always feel 5G going to affect ARBB. So companies directly involved are Axiata / Maxis…. But axiata we understand what they do … we know their products. But arbb what they do? Track record? I want to buy their product…. They imply cannot….

Until the public doesn’t really understand the business they would avoid this counter.

5000 lots sold, it will drop to 11/11.5

Many have started selling…. Today it’s already 11.5 cents. Dropping to 11

Kah Fui, can we buy the product? Do u understand the business? According to Warren buffet, he only invests in businesses that he understands. Does arbb sells anything related to 5g? The public is watching bro

*Afraid

In any business, products are the most important. Products determine sustainability. Companies with shady products or services, where no one knows who buys, is dangerous. Not only shareholder, even clients will b afraud

Can u imagine the boss talking about 5g when he is not Even doing anything related to the internet tech. Iot doesn’t transmit that much of data. Bodoh Betul those who subscribe the RI.

What’s the point of going to agm when u can avoid the counter?

I pity the Aunties and uncles… esp Chinese aunties and uncles…. Lesap their money…

I’m happy more and more ppl are questioning arbb’s plans that doesn’t seem to make sense. 5G and ERP… what’s the connection man?

DannyArcher we are seeing more and more ppl coming forward talking about how fishy this company is.

We have to be responsible towards others. When we see a company not describing products properly and yet earning a lot…. Something is really fishy…. After all Warren buffet said: understand the business

Neonstrife is not about you commenting or me. It’s about more and more ppl knowing about this counter… how arbb pumps their revenues from related company contracts … n show they are cash rich….

N neonstrife has also stopped posting irrelevant stuff

They feel something Is really fishy

But I’m happy more n more ppl from the public are coming forward n asking about this company!!!

So u can understand how they use jargon!!! Once a upon time the boss was treated badly. Shares fell n he was treated like an ugly failure. I objected!

5G n his erp got nothing to do with his iot as they are not transmitting much data. Just from small sensors.

Danny Archer,

Arbb is just earning from related companies where the boss is a common shareholder. So the income is not sustainable. Plus u won’t get all the track records etc. these revenues must be artificially created to get interest in the counter. Bosskufanboy/ presidentjib / neonstrife…. All these are keyboard warriors. Kah Thui is a name created to spit on public!!!

Why announce the Nasdaq when non requirements fulfilled.

Choose a nice username first! Then check why the auditor resigned despite company earning so much? Where are the products sold? Example TM we know it’s unifi. Arbb is what? What happened to MOU with local uni. What happened to Nasdaq? Any requirement fulfilled for Nasdaq? Don’t try to show hopes of 10 years from now….

Kah Thui … are u trying to be sarcastic by having a name that sounds similar to someone spitting?

Kah Thui
let's compile the questions and ask it on AGM, sure these are the constructive questions that can help ARBB grow further!


When u are growing, the auditors won’t resign. The company won’t suddenly change from Nasdaq to Thailand.

现在审计员跑了。在审计师辞职之前，arbb 解雇了审计师。大众在看！！！谨防

Now auditor also run away already. Before auditor resigned they sack the auditor. The public is watching !!! Beware

它有0.93的现金。不要试图欺骗。

当您不让人们看到您的产品时，很难说服人们。你的策略也一直在变化。纳斯达克，物联网，泰国。

It has cash of 0.93. Don’t try to con.

It’s difficult to convince people when you don’t let people see your product. Your strategy also changes all the time. Nasdaq, iot, Thailand.

Key Point #5 - Cash Flow

For the five quarters of 2022, ARB's operating cash flow is RM52.95 million. The performance is impressive as the market has been holding a negative view of the company's cash flow.


Meanwhile, the company also raised RM72.98 million through a rights issue. I don't expect the company to do any fundraising in the near future.

As at March 31, 2022, the company had cash on hand of RM84.16 million.

Key Point #6 - Company Outlook

That's nothing to comment on, so I'd like to quote what management mentioned in note point B2.

"We expect the ERP and IoT businesses to deliver significant future benefits to the group."

Key Point #7 - Valuation

After adjustment, ARB's valuation remains low, with the software company trading at just 1.73 times earnings. I think this is due to the market's lack of understanding of the company's core business, incomprehensible financial reporting and fear of ICPS dilution.

However, these temporal issues will be resolved automatically in the future. This translates to a share price of RM0.930~ after being pegged to an adjusted EPS of 18.58 in the last 12 months at 5x P/E, which is equivalent to a safe margin of 87.08% at the current price; therefore, I give ARB Strong Buy recommendation.