Govt awards RM6.2 mil Smart Automation Grant to 66 SMEs, mid-tier companies KUALA LUMPUR (Feb 4): A total of 66 small and medium-sized enterprises (SMEs) and mid-tier companies have been awarded the Government's National Economic Recovery Plan (PENJANA) 2020 #SMART Automation Grant (SAG). In a statement today, the Malaysia Digital Economy Corporation (MDEC) said the grant, involving a total of RM6.2 million, was awarded to registered businesses in primarily traditional or non-technology activities from the services sector. MDEC chief marketing officer and head of digital investments and brand Raymond Siva said the outcome-based matching grant will assist these companies to accelerate automation and achieve productive results, such as increased revenues; savings in business costs; reduction of process time cycle and man-hours spent; and creating new sources of growth. “Each successful applicant had been allocated up to 50 per cent of their total project cost, subject to a limit of RM200,000, or whichever is the lowest, through this matching grant. This means the successful applicants will pay at least 50 per cent of the total cost of the digitalisation project and, subsequently, receive the remaining amount based on the achievements of the agreed milestone deliverables, he said. MDEC said the SAG, which was launched in July 2020, had been conceptualised as a matching grant for companies in the services sector to spur them towards automating their business processes and pursue full digitalisation. The grant allocated from the 2020 PENJANA initiative aims to drive these businesses towards kickstarting the implementation of digital processes and the use of technology tools that will automate their business operations,” it said. MDEC noted that all of the 66 approved SAG recipients come from all over Malaysia, including service providers from the wholesale and retail trade (30 per cent); general services (24 per cent); and professional services (14 per cent). The other sectors consist of transportation and storage, tourism, education, healthcare, food and beverage, financial and insurance, and real estate and construction. Since its unveiling, this initiative solely focused on enabling digital adoption among businesses, which is a central part of MDEC’s three strategic framework pillars, namely Digital Jobs, Digital Businesses and Digital Investments. The agency continues to set the foundation for SMEs and mid-tier companies to thrive in the Fourth Industrial Revolution era by focusing on empowering businesses at every level and in all sectors.
Elsoft is definitely benefit from the uptrend of automotive headlamp LED as well as 5G smart phone.. below 1.00 is really under value.. once break 1.00, sky is the limit.
Just waiting for Elsoft to break the rm1, hold above that & then it all the way up. Steady profitable company, investors just leave their money here to grow.
Not bad? Revenue down 21% YoY, gross profit down 30% YoY, none of these is due to impairment right ?
What strong prospect? What good management?
Just look at the top Semicon companies, most record positve growth QoQ, and explosive YoY growth, and here we are dwelling on similar revenue QoQ, lower net profit QoQ (I minus out impairment), and even negative YoY revenue, gross profit and net profit.
Management already mentioned in the prospect column as they r still very challenge to get new jobs for time being and the biz wouldn't recover in Q1, 2021. In short, next QR wouldn't be good. Good luck to all.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2909 views | 2 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
aizuddin666
284 posts
Posted by aizuddin666 > 2021-02-03 22:03 | Report Abuse
where the newa of dividen?