Posted by tingkap > 2020-02-18 10:47 | Report Abuse

https://www.sinchew.com.my/content/content_2218807.html

Posted by ATARAH > 2020-02-18 10:48 | Report Abuse

someone please share link here.. i was advise also i dont read mandarin..
if the edge or nst i can share ....
anyone read Sin Chew Jit Poh ?
we wait.

Posted by ATARAH > 2020-02-18 11:04 | Report Abuse

Where is the face of CEO in Sin Chew Jit Poh ... i only understand when I see his face .. the word Edu and big word STEM... that why we ask for interpretation from our group..

Posted by ATARAH > 2020-02-18 11:05 | Report Abuse

Thanks Tingkap

Posted by ATARAH > 2020-02-18 11:08 | Report Abuse

Please ask for interpretation from family member or close friend if they understand Mandarin ..
from above link as I said I also don't understand Mandarin.

Posted by tklim > 2020-02-18 12:56 | Report Abuse

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020-02-17 20:29:46  330  0  2 
From lawyer to runway to education, Lin Yanfeng only waits for the right time
Focus planning
As the government intends to carry out educational reforms, the original rote learning will be turned into a project-based learning method, and more talents in line with the new era will be cultivated. As one of the few large-scale comprehensive education service providers in China, Yushi Pei (Eduspec, 0107, GEM Technology Group), of course, you must not miss this good opportunity.

So, last year, they successfully won the "pass" for the curriculum supply of primary and secondary schools in China.

And Lin Yanfengxing, Yushi Peipei's chief executive, is pleased that in addition to helping the company's business, they can benefit from students' efforts to implement STEM.

The most satisfying part about entering the education field for more than ten years is that he can inculcate many new concepts of science and technology education to students.

Greater education satisfaction

Lin Yanfeng had been a practicing lawyer for more than ten years before joining the education industry full-time in 2008. During that time, he served as a defense lawyer in the Malaya High Court and also opened a lawyer's office, which can be described as a good professional.

However, after starting a kindergarten joint venture with a friend in 2005, he became interested in the domestic education industry. In 2007, due to coincidence, Dynabook Technology Education Co., Ltd. was sold, which made him determined to acquire and enter the industry full time .

Bringing Specialization into K-12 Education

He pointed out that at that time, considering that there were few domestic companies engaged in K-12 education, most of them focused on universities. Among them, the companies that carried out science and technology education were of limited scale, so he began to develop professionalism. Bring ideas into the K-12 education industry.

Later, he encountered the sale of Singapore company Litespeed Technology Education Company. After the acquisition, he not only possessed a more complete online learning system, but also gained opportunities to expand his business to overseas markets.

Transfer from lawyer to operator takes time to adapt

Regarding the status of transferring from a practicing lawyer to a business operator, he said that there were indeed many incompatibility at the beginning, but he could only learn while doing and kept making progress.

He believes that entering the industry of science and technology needs to constantly enrich themselves. Just as they are now carrying out new plans for B2C and educational theme parks, they also need to constantly receive knowledge in this area and engage with professionals to ensure that feasibility.

"Investing in the education industry over the years has resulted in greater satisfaction, because while making money, we can also cultivate talent."

Cultivate new generation talent

For such an active promotion of STEM, in addition to its efforts for the company's performance, Lin Yanfeng is also conscious of cultivating more new generation talents in Malaysia.


60% change in job demand, college students still a year after graduation

According to a 2018 university graduate follow-up survey by the Ministry of Education, 21 national universities and 38 private universities in China train up to 51,000 university graduates each year, but it is worrying that 60% of them are graduating After one year, he is still in the state of unemployment.

Lin Yanfeng pointed out that many university teaching may not be suitable for use in work today. One of the reasons is that new types of jobs in the society are taking off quickly, resulting in constantly changing job requirements, so it is not easy to meet education.

"And many people think that it can be done in just a few years through a university or college, but that is unlikely."

He pointed out that education is not complete in one paragraph, but that it needs to be integrated and coordinated from childhood to university.

Lay a good foundation for students

"Laying a good foundation for students through STEM teaching will help students progress (schedule) before they can cultivate talents that can adapt to the 21st century high-tech society."

Focus on soft skills

Perhaps it was a previous career in lawyers, and he was very concerned about personal resilience and thinking logic.

Improve resilience and thinking logic

This is how Lin Yanfeng values ​​STEM education, which helps to cultivate the soft skills of the next generation of talents, such as critical thinking, cooperation and communication.

"Technology is now developing rapidly, and the work (pattern) may be different in the next 5 years and 10 years. Many hard skills are changing rapidly. At this time, good soft skills are needed to respond."

Posted by tklim > 2020-02-18 12:57 | Report Abuse

For this opportunity, Yu Shipei can be said to have been watching for a long time, Lin Yanfeng pointed out that STEM is not a new project, they have been carried out in other countries before, even some local international schools and Hua Primary School are their customers.

Expandable business to primary and secondary schools nationwide

"But compared to private schools that can set their own teaching content, government school curricula are based on instructions from the Ministry of Education and cannot be easily changed. Under this approval (agreement), curriculum adjustments can be made."

This means they can expand their reach to primary and secondary schools across the country, including Tamil Primary School, National Primary School and Middle School.

According to the official website of the Ministry of Education, as of January 31, 2019, the number of primary and secondary schools nationwide was 10,208, of which 7,772 were primary schools, and the remaining 2436 were middle schools.

Expected to make considerable profits in the future

It is foreseeable that in this huge market, the company is expected to obtain considerable profit performance in the future.

He said that since the company's financial year is up to February 28 (after the change), it is expected that the revenue contribution of the project will not show up until fiscal 2021.

He pointed out that they are currently in the initial stage and it is expected that they will be implemented in some schools as soon as March of this year.

"We will be piloting 100 schools and then expanding across the country."

He pointed out that since different types of schools were outlined this time, some courses needed to be adjusted and coordinated, such as the Communication and Information Technology Section (TMK) of the Elementary School.

"This project has adopted a public-private partnership (PPP) model, so we will consider looking for government sponsors or house churches to help raise funds."

As for the introduction of the STEM course introduced by Yu Shipei for many years, he is full of confidence, not only the completeness of the course, but also the rich experience from the private sector and overseas implementation over the past many years, which confirmed the feasibility of the course.

Overseas operations remain unchanged

In view of the above reasons, Lin Yanfeng has put his focus and resources on the development of local business, while the overseas business has chosen to maintain the status quo.

He said that now that they have operations in many countries in Southeast Asia, they will take steady development and are unlikely to expand aggressively.

"And based on risk factors, we do not plan to hold a stake in the future, but instead work with local partners."

He explained that foreign companies need to pay a lot of time and money to expand new overseas markets, and once it reaches a certain scale, it is difficult to have room for development. By comparison, it is better to give local companies business and development.

Reduced stake in Philippine subsidiary

As a result, the company announced in March last year that it would sell a 62% stake in the Filipino subsidiary First Eduspec to the local company Rex Book Store. Yushi Pei currently holds only 33%.

He explained that in addition to the above-mentioned large amount of capital investment and the consideration of limited development space, the sale is also one of its restructuring plans.

According to Yu Shipei's 2019 annual report, part of the company's overseas business, the Philippines' operation is the overseas market that makes the largest contribution to profits except Malaysia.

Of the company's total revenue of RM53.056,000 in the 17 months of FY2019 (replacement of the fiscal year), Malaysia accounted for RM38.366,000, the Philippines contributed RM103.667 million, Singapore gave RM1835,000, Hong Kong It was RM 1.497 million, with the remaining RM 991 million coming from Thailand.

However, he believes that although he holds less shares, with the local partners' commitment to development and expansion, the profit performance of this part may be better.

Although temporarily retiring from the second line, the future does not rule out exploring more countries

In addition, he added that the company's overseas business profit mainly comes from sales courses and operating income, of which the former has a higher profit margin, and the latter has always a lower profit margin, so reducing the shareholding has little effect on profit.

In addition, although Yushi Pei's overseas business has temporarily retreated from the second line, Lin Yanfeng said that the Southeast Asian market is huge, and after the local business is stable in the future, it does not rule out exploring more countries.

Indonesia business has had a shadow

However, this is not the first time Yu Shipei has given up its overseas controlling stake..

Posted by tklim > 2020-02-18 12:58 | Report Abuse

Indonesia business has had a shadow

However, this is not the first time Yu Shipei has given up its overseas controlling stake.

Lin Yanfeng pointed out that 2014 to 2015 can be regarded as the glorious period of education training, when the revenue and net profit achieved good growth.

According to the data, the company's net profit for the financial year ended September 30, 2014 increased by more than 7 times to RM 6.852 million. In FY 2015, the net profit increased to RM 9.79 million. Eye of the year.

At that time, Yu Shipei was ambitious and invested considerable resources to expand overseas business at the end of several consecutive years with good results.

According to statistics, in terms of overseas business revenue in FY2015, Singapore contributed RM21.6 million 92,335, and Indonesia contributed RM87,470,073, accounting for 27.6% and 11.2% of total revenue, respectively.

However, people are not as good as the sky. During the procurement process in the Indonesian market changed during the period, the number of biddable contracts decreased, resulting in worse than expected performance. As of the financial year ended September 30, 2017, the company only received a comprehensive value of RM7.4 million Education Solutions and Services (IESS) hardware facilities supply contract, far less than the total contract of RM42.82 million in FY2016.

As a result, Eduspec Sdn Bhd, a Yubaishi subsidiary, decisively completed the sale of 50.25% of its Indonesian company PT Eduspec on September 7, 2017, retaining only 19.9% ​​of its shares.

Later, due to the issue of receivables, Yu Shipei recognized an impairment loss of RM31.5 million in FY2019.

Conclusion

In these years, each step from the development of the course to the implementation of the course has been faster, more stable, and more accurate than the domestic counterparts, but the only good time is lacking, like a fishing expert after carefully compiling a solid fishing net. But in a rainy day, he was unable to go to sea.

Lin Yanfeng can't help but sigh, even though they are ready, the market is not ready to accept.

However, now that the government is committed to the implementation of STE M, the ready-to-use breeder finally has a chance to try the "fishing net" that has been compiled for many years and see if it can catch a big harvest?

Author: Yang Huiping
Source: Sin Chew Daily 2020-02-17

Posted by tklim > 2020-02-18 12:59 | Report Abuse

Atarah.......Direct Translation.....Ha...ha...ha...ha

Posted by ATARAH > 2020-02-18 14:07 | Report Abuse

TKLIM , Thank you brother.

So clear the challenge , vision and future....of Eduspec..

What it mean is the worst is over... looking for better time... the Fishing net is ready...
only how big is the harvest...

Good good....very good..

I will accumulate mores shares..please stay put ... need to accumulate more at this price..

Tunggu saya ...jangan lari dulu ... tunggu ...

Posted by Targeted > 2020-02-18 14:48 | Report Abuse

Pilot project 100 schools in March

Posted by Targeted > 2020-02-18 14:49 | Report Abuse

Clap clap

Posted by tklim > 2020-02-18 15:16 | Report Abuse

Kolek...kolek........NTA 0.083......Ceiling price 0.325....Under value....

Posted by tklim > 2020-02-18 15:20 | Report Abuse

"somebody" put a roadblock....bcoz want to sapu at cheap price.....

Posted by Targeted > 2020-02-18 16:44 | Report Abuse

2018 pp

Posted by ATARAH > 2020-02-18 16:45 | Report Abuse

Who bought 100 millions of Eduspec shares in private placement ..and at what price...
Who...... is now the largest shareholders ... Need money can use AOF ... why use private placement ? so who is now largest shareholders ... wahh.. diam diam buy never offers to us ..
buy how much ?

Posted by ATARAH > 2020-02-18 16:52 | Report Abuse

milo ... dont post outdated post loh... suspend only ...make me happy for nothing

Posted by Targeted > 2020-02-18 17:01 | Report Abuse

'Milo o kosong'

Posted by tklim > 2020-02-18 18:41 | Report Abuse

Both mother and son very attractive now......

Posted by tingkap > 2020-02-18 18:42 | Report Abuse

Eduspec AGM Minutes on Friday 9 Aug 2019. Just for your info.

https://www.eduspec.com.my/AnnualReport/2019_Minutes_of_AGM.pdf

Posted by tingkap > 2020-02-18 18:55 | Report Abuse

Collaboration Agreement between Eduspec Holdings Berhad and Matlamat Wawasan Sdn Bhd

"...para 3.1 MWSB has submitted a proposal to MOE on the implementation of STEM program for
schools using the curriculum content provided by EHB. On 27 November 2019,
MWSB received a Letter of Approval from MOE granting MWSB the rights to
implement STEM program for schools under MOE...."

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=99450&name=EA_GA_ATTACHMENTS

Posted by Targeted > 2020-02-18 19:01 | Report Abuse

Previously Eduspecs income frm local schools were seriously effected when MOE instructed schools to stop hvg unauthorised curriculum during school hours, only allowed as extra curriculum. All that going to change soon.

Posted by sepol > 2020-02-18 20:06 | Report Abuse

today edu got DBT 5million units

Posted by ritz78 > 2020-02-18 21:09 | Report Abuse

What's DBT?

Posted by milo > 2020-02-18 21:54 | Report Abuse

ATARAH milo ... dont post outdated post loh... suspend only ...make me happy for nothing
sorry misleading info.. i will remove..

Posted by ATARAH > 2020-02-18 23:02 | Report Abuse

Milo my brother
Thank you

Posted by rhinos > 2020-02-19 06:53 | Report Abuse

Hope shark goreng this conter

Posted by ATARAH > 2020-02-19 09:08 | Report Abuse

Yes possible

Posted by Rio2814 > 2020-02-19 10:22 | Report Abuse

not now

Posted by dusana > 2020-02-19 11:46 | Report Abuse

Hopefully will start moving soon.

Posted by rhinos > 2020-02-19 15:18 | Report Abuse

It seems block at 0.025

Posted by tingkap > 2020-02-19 15:48 | Report Abuse

https://www.theedgemarkets.com/article/eduspec-seeks-direct-customer-interaction-edutainment-venture

Posted by moneypedia > 2020-02-19 15:50 | Report Abuse

yah gah

Posted by ATARAH > 2020-02-19 16:19 | Report Abuse

CEO keyword STEM AND MATLAMAT ..
Data base ...

CEO mention Matlamat and Edu as exclusive partnership...

Atarah did not say it. CEO mention it.

From now point finger at him .

I wash my hand ...

So last call ? Before fly ..

Posted by moneypedia > 2020-02-19 16:27 | Report Abuse

ermmm need few months b4 goleng gahhh? ilu maciam gah

Posted by Rio2814 > 2020-02-20 07:34 | Report Abuse

All rcps conversions are completed?

Posted by ATARAH > 2020-02-20 09:08 | Report Abuse

RCPS is only subscribe when cash flow tight.
When start making money ..no.need RCPS.
RCPS AOF is now one of major shareholders
With 30 millions shares..

Posted by Targeted > 2020-02-20 14:10 | Report Abuse

In March there will announcement of the 100 school pilot project.

Posted by rhinos > 2020-02-20 14:30 | Report Abuse

Good

Posted by ATARAH > 2020-02-20 16:09 | Report Abuse

Sekejab lagi March ..sekelip Mata sahaja
Semua akan baik DAN bagus DAN lancar untuk
EDU

Posted by hoh888 > 2020-02-20 16:12 | Report Abuse

Eduspec: The Better Future For Your Children

Posted by ATARAH > 2020-02-20 16:23 | Report Abuse

Volume pick up .

Posted by milo > 2020-02-20 16:23 | Report Abuse

# ATARAH Sekejab lagi March ..sekelip Mata sahaja
Semua akan baik DAN bagus DAN lancar untuk
EDU.



NOTED atarah..


next one week is become march 2020.

Posted by ritz78 > 2020-02-20 16:35 | Report Abuse

Volume coming in

Posted by dusana > 2020-02-20 17:42 | Report Abuse

This is suppose to be the year Eduspec will be going to 0.30. Believe or not?

Posted by ATARAH > 2020-02-20 18:38 | Report Abuse

Good

Posted by rhinos > 2020-02-21 06:46 | Report Abuse

See today guys

Posted by Rio2814 > 2020-02-21 07:35 | Report Abuse

Boleh makan habis 2.5c?

Posted by LittleCat > 2020-02-21 07:40 | Report Abuse

Hopefully

Posted by Shinju_Nosuke > 2020-02-21 07:58 | Report Abuse

Hoping technique?? Hihi