EDUSPEC HOLDINGS BERHAD

KLSE (MYR): EDUSPEC (0107)

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Last Price

0.12

Today's Change

0.00 (0.00%)

Day's Change

0.115 - 0.125

Trading Volume

4,305,800


8 people like this.

9,475 comment(s). Last comment by sangjero 2 days ago

Bull13

1,097 posts

Posted by Bull13 > 2019-07-09 15:54 | Report Abuse

KUALA LUMPUR (July 9): The following is a press release by YTL Communications Sdn Bhd, reproduced in full.

Setting the Record Straight

YTL Communications is extremely disappointed that the press statement issued by the Ministry of Education on 5 July 2019 and statements made at the press conference on the same day have made us appear to have taken advantage of the Government.

As a business, we have always sought to resolve matters amicably. Nevertheless, we cannot allow our reputation to be sullied by unfounded claims. Hence, we have to set the record straight.

As a corporate citizen of this country that won an open tender for a major project, we are entitled to rely on fair business dealings.

At the time of the award of the project, broadband infrastructure was in its infancy in the country. To address this, the National Broadband Initiative was launched with the aim of increasing broadband penetration across the population. Bidders were therefore required to invest in building telecommunication towers or lay fibre to rural areas as more than 70% of schools in this country were rural and remote schools. The project was recognised by the Ministry as a means of providing broadband services to the schools as well as to the communities around the schools.

The contract entered into between the Ministry and YTL Communications acknowledged the 15 year term of the project but provided that the project would be implemented in rolling phases. The process by which each phase was to be awarded was clearly set out in the project documents; there would be a joint review on performance, changes in technology, basic educational needs and price prior to the expiry of each phase and before parties reach agreement on the next phase.

Notwithstanding the right to a joint review, YTL Communications did not object to the Ministry’s announcement that it would call a fresh tender at the beginning of 2019. Price transparency was clearly important to the new Government and YTL Communications was fully supportive of this.

BUT after the announcement, we waited 9 months for the tender to be called and it was only at a meeting on 23 April that we were informed that the Ministry was not ready for the tender.

It was at the Ministry’s request that we offered in good faith to provide internet services and the Frog Virtual Learning Environment (Frog VLE) to the Ministry during the interim period of 6 months from 1 July to 31 December (interim period) free of charge. Our offer, contained in our letter of 31 May to the Minister of Education, (disclosed in our press statement of 3 July), was clear, simple and unconditional. We reiterate strongly that we did not ask for any special preference for providing this free service which was requested by the Ministry in the first place.

But on 27 June, without even responding to our letter offering free services for the six months period, the Ministry announced the award of the internet services for the interim period to Telekom Malaysia, Celcom Axiata and Maxis.

As no joint review was undertaken as required under the contract and no open tender called, we regard this as a breach of our contract.

At the press conference, the Ministry gave reasons to justify the rejection of our offer. We address each of these in the Appendix* to this statement.

The justifications proffered are baseless and clearly an afterthought and do not obviate the fact that the Ministry failed to comply with its obligations under the contract. No joint review was carried out as required. If a review had been undertaken, it would have identified the areas of improvement for the next phase. Pricing could also have been set against current market prices and there would be clarity as to implementation.

The alternative of an open tender announced by the Ministry for the period from 1 July also did not materialise. An open tender would have established the most competitive prices against a defined specification and would have left little room for speculation. Instead, we are left wondering about a process that was flawed from the outset.

If the Ministry had accepted our offer for the free services during the interim period, the Ministry would have saved millions, prevented disruption to the schools in the middle of the school year, as well as had the time to conduct a tender exercise following which they would have a properly defined solution and price.

As a company that has worked with the Ministry over the past 7 years implementing a world class nationwide learning solution that the country should be proud of, we cannot help but be disappointed. We, however, remain committed to playing our part in improving education in the country.

Issued 9 July 2019

* Appendix Attached


Ministry of Education’s Reasons for not Accepting Offer from YTL Communications for Free Services during 6 months interim period YTL Communications’ Response
1
Kos tersembunyi (hidden cost)
Bermula Kontrak Perkhidmatan 1Bestarinet Fasa 2 sehingg

Bull13

1,097 posts

Posted by Bull13 > 2019-07-09 15:55 | Report Abuse

Today’s latest. Read full text from the edge daily. Especially the appendix .

Imsam

799 posts

Posted by Imsam > 2019-07-09 15:57 | Report Abuse

warrant B is free for existing mother, or is come free with new subscription of mother?

Bull13

1,097 posts

Posted by Bull13 > 2019-07-09 16:00 | Report Abuse

Areca capital...holding 3.48% and 1.47%...could be holding proxy for someone?...

tingkap

913 posts

Posted by tingkap > 2019-07-09 16:03 | Report Abuse

Google Classroom - EDUSPEC

'On the alleged cost for the usage of FrogVLE platform under YTL Communications as opposed MoE's proposed replacement Google Classroom, the company said it has offered to provide both internet service and the platform usage free of charge during the six-month period.'

https://www.theedgemarkets.com/article/ytl-communications-insists-moe-breached-contract-claims-allegations-baseless

Bull13

1,097 posts

Posted by Bull13 > 2019-07-09 16:05 | Report Abuse

4 Tidak dapat meneroka teknologi terkini dan bersesuaian untuk KPM
KPM tidak berpeluang untuk mencuba teknologi alternatif yang mungkin lebih baik kepada para pelajar dan guru serta menjimatkan perbelanjaan Kerajaan.
Notwithstanding that the project is for 15 years, the contract does not prevent the Ministry from exploring the latest technology. In fact the Ministry has from time to time conducted trials in the schools. Switching the entire school system to 3 new ISPs that are providing technology similar to what was provided under phase 2 is not exploring new technology.

The joint review process at the end of each phase allows changes in technology to be addressed.

The Ministry had announced its intention to have an open tender for the next phase which YTL Communications was happy to participate in. If this had been carried out, the Ministry would have been able to specify its requirements for technology and discovered the prices for such technology. The Ministry instead decided to appoint the 3 ISPs without a tender.

5 Dapatan Hasil Kajian Impak dan Hala Tuju Pendidikan Digital Negara
Hasil kajian yang dijalankan ke atas guru, pelajar dan pentadbir mendapati kualiti capaian internet yang dibekalkan tidak memuaskan dan tidak dapat memberikan pekhidmatan yang terbaik kepada pihak Kerajaan.
In phase 2, YTL Communications provided a range of technologies ranging from mobile internet to fibre and has provided the Ministry with bandwidth of up to 100 Mbps.

All bandwidth specification under the contract was determined by the Ministry and not by YTL Communications. We have at all times provided the bandwidth as specified. Our performance is measured by SLAs, all of which we have satisfied.

Therefore, if the teachers are dissatisfied with the internet speeds, it would be because the bandwidth that the Ministry specified do not satisfy the requirements of the schools.

It is unjustified to blame YTL Communications.

6
KPM telah mengenal pasti Google Classroom (GC) sebagai alternatif bagi menggantikan perkhidmatan Frog VLE di bawah projek 1BestariNet.

GC diberi secara PERCUMA kepada semua institusi pendidikan (sekolah, negeri dan Kementerian) di seluruh dunia.

The FrogVLE has far more features than Google Classroom as it is a total teaching and learning solution customised to the requirements of the Ministry.

It is a private secure platform that protects students from unsafe and inappropriate content
It provides teachers with a library of curated content (including ready-to-use lessons and quizzes) for all subjects (including those for Chinese and Tamil schools) that is mapped to the Malaysian curriculum, from Standard 1- Form 5.
It allows for self-learning and revision through a gamified quiz engine
It has automated assessments and analytics which helps teachers identify and address each studentfs learning gaps
It is clear in our offer to the Minister on 31st May that for the interim period, there would be no cost for the Frog VLE.

Other Matters Raised
7 Cost to the Ministry in the interim period
YTL Communications has offered to provide internet services and the Frog VLE entirely free of charge during the interim period of 6 months.

If the Ministry had accepted our offer for the free services during the interim period, the Ministry would have:

saved the millions which it is now paying to the 3 ISPs;
avoided disruption to the schools in the middle of the school year; and
the time to conduct a tender exercise following which they would have a properly defined solution and price.
There is no justification whatsoever for the Ministry to award the internet services for the interim period to the 3 ISPs in the face of YTL Communications’ offer.

8 Price Comparison
During the interim period, no price comparison is required as we have offered our services for free.

If the Ministry was interested to undertake a price comparison, this could only have been undertaken in one of 2 ways:

Undertake a joint review as provided in the contract on both price and technology;
Calling an open tender with clear specifications and scope of work.
Trying to compare prices in any other way is mere speculation.

It should be noted that the price for phase 2 was for a different specification and a different time period. For example, the provision of dedicated fibre connections to rural schools required high capital cost. The Ministry evaluated this on the basis of capital investment and timing and deemed that our price was appropriate and the best for the time. It is not justified to compare this to available infrastructure that can easily be connected. Over 50% of the 1000 schools which were provided with dedicated fibre connections were in Sabah and Sarawak.

As reported in The Star, the Secretary General confirmed in the press conference that YTL Communications was awarded phase 2 because we were still the best service provider at that point of time.



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rhinos

421 posts

Posted by rhinos > 2019-07-09 16:08 | Report Abuse

0.035 finish

Bull13

1,097 posts

Posted by Bull13 > 2019-07-09 16:08 | Report Abuse

Interesting to look at note 4. According to YTL, switching to new ISP is not exploring new technology. Think they missed the point... using 98” smart board IS NEW TECHNOLOGY.

tingkap

913 posts

Posted by tingkap > 2019-07-09 16:14 | Report Abuse

bad news for EDUSPEC. better sell la at 0.035. u have ready buyer now.

tingkap

913 posts

Posted by tingkap > 2019-07-09 16:18 | Report Abuse

Google Classroom commence now on 1 July 2019. Bad news for EDUSPEC. Google Classroom is a big project rather than STEM Edupark

rhinos

421 posts

Posted by rhinos > 2019-07-09 16:22 | Report Abuse

Why bad news

Posted by Bundle Superheroes Bundlesuperheroes > 2019-07-09 16:31 | Report Abuse

Run before late !

tingkap

913 posts

Posted by tingkap > 2019-07-09 16:32 | Report Abuse

bad news i cannot get it at 0.035 now. just wait to sell lor

rhinos

421 posts

Posted by rhinos > 2019-07-09 16:33 | Report Abuse

Haha

Imsam

799 posts

Posted by Imsam > 2019-07-09 16:37 | Report Abuse

RUN WHERE?

Bundle Superheroes Bundlesuperheroes Run before late !

Posted by calvincheebursa > 2019-07-09 16:44 | Report Abuse

finally touched 0.04

offspring

142 posts

Posted by offspring > 2019-07-09 16:50 | Report Abuse

Good close at 4 sen with almost 24 million shares traded.

ATARAH

4,026 posts

Posted by ATARAH > 2019-07-09 17:14 | Report Abuse

A good day indeed. Good conversion and good information.
Now we wait for Eduspec if proposal will be included for voting in AGM.

offspring

142 posts

Posted by offspring > 2019-07-09 19:09 | Report Abuse

Oops.. Close at 3.5sen because last min the big boys sold and bought at that price... Big Boys strategy in play.

ATARAH

4,026 posts

Posted by ATARAH > 2019-07-09 20:16 | Report Abuse

Rio2814
Just saw your post after I relax relax
ARECA capital is associate of Kuok group
Yes the Robert Kuok group

ATARAH

4,026 posts

Posted by ATARAH > 2019-07-09 20:17 | Report Abuse

Kuok group has most business segment except Education segment

ATARAH

4,026 posts

Posted by ATARAH > 2019-07-09 20:18 | Report Abuse

Not implying anything but just looking at the possibility

ATARAH

4,026 posts

Posted by ATARAH > 2019-07-09 20:20 | Report Abuse

ARECA capital is in PRESBHD need more confirmation but I am very sure is in LAtitute
Look at both thier price

ATARAH

4,026 posts

Posted by ATARAH > 2019-07-09 20:22 | Report Abuse

7 days ago PRESBHD us up 3.3% on contract from putrajaya

ATARAH

4,026 posts

Posted by ATARAH > 2019-07-09 20:26 | Report Abuse

Not much new on latitude except that 8 months ago AlianceDbs said target for latitude us rm5.24

ATARAH

4,026 posts

Posted by ATARAH > 2019-07-09 20:26 | Report Abuse

Both of this counter Acera has present now or before

ATARAH

4,026 posts

Posted by ATARAH > 2019-07-09 20:28 | Report Abuse

Areca ceo is Danny Wong Teck Meng
Need to know more about him and why Areca as fund management invest in Eduspec

Posted by calvincheebursa > 2019-07-09 20:28 | Report Abuse

Yeah Areca Capital own by Kuok group

ATARAH

4,026 posts

Posted by ATARAH > 2019-07-09 20:33 | Report Abuse

Hi Edu Team
Rest well again tonight tomorrow onward is just better and better for Edu Spec

ATARAH

4,026 posts

Posted by ATARAH > 2019-07-09 20:36 | Report Abuse

Yes I am the one who supported too at 0.04 cents up to 4.50pm but was press down by day trader as they have to sell within the day.
Sorry friend I too wish it break 0.04 cents and above for day trader team to make money
We look after each other

ATARAH

4,026 posts

Posted by ATARAH > 2019-07-09 20:38 | Report Abuse

Tomorrow another chance
Good night all

rhinos

421 posts

Posted by rhinos > 2019-07-09 21:16 | Report Abuse

Night

Bull13

1,097 posts

Posted by Bull13 > 2019-07-09 22:59 | Report Abuse

WHY KYY SHOULD PUT MONEY INTO THIS HIDDEN JEWEL STOCK?
Author: diehardunited Publish date: Tue, 9 Jul 2019, 3:30 PM
Close

Eduspec is on the path of upward earnings growth trajectory and distributes free money to its shareholders;

(1) Eduspec is expected to be a major beneficiary from a contract rollout for a virtual learning environment (VLE) from the Government.

Don't forget that Kencana Capital, which owns by Mokhzani Mahathir and Prof. Dato' Raja Munir, currently a Director of MyEG Services Berhad are in Eduspec. With Mokhzani as a proxy and experience and expertise from Raja Munir, the prospect for Eduspec to secure a billion contract of VLE project is high.

Since Eduspec uses Google Classroom and is already working with the Education Ministry together with Sharp to intro 100 classrooms with their smart classroom tech, Eduspec is the clear frontrunner to win a new Billion Ringgit contract.

https://www.thestar.com.my/news/nation/2019/06/27/1bestarinet-contract-ends-june-30/#utKd7VlWxucqvi2J.99

(2) Eduspec is giving out free money to its shareholders! Eduspec has proposed bonus issue of up to 550.9m free warrants in Eduspec on the basis of 1 Warrant B for every 2 shares in Eduspec. This proposal has been approved by Bursa Malaysia. The date will be determined and announced later.

Interestingly, we can make money from the potential rally in Eduspec’s share price soon due to strong investors’ interests in the stock for free warrants and the rally in free warrants price upon its listing. If you look at Scomnet’s share price in recent weeks, which the company also gave out free warrants to its shareholders, had a strong run-up before the Ex-date for the entitlement of free warrants. AND the warrants price itself has been rallying and trading at a premium since its debut.

(3) For another earning growth catalysts, please follow link here: https://klse.i3investor.com/m/blog/winners/209410.jsp

How high the rally in price can go? Probably it is worth to price target it at 25sen, which the history will repeat itself!

rhinos

421 posts

Posted by rhinos > 2019-07-09 23:22 | Report Abuse

Tq

Bull13

1,097 posts

Posted by Bull13 > 2019-07-09 23:41 | Report Abuse

KYY has a passion for education. Has he taken note?

nightfly

345 posts

Posted by nightfly > 2019-07-10 08:48 | Report Abuse

This stock usual pattern , when volume high reached 0.035 then next few days will drop to 0.025 n 9.030. But hopefully will break 0.040 today then will fly highl... if not , all the contra player be careful.

tingkap

913 posts

Posted by tingkap > 2019-07-10 09:04 | Report Abuse

0.04 and 0.045 resistance because of short term investors want to earn fast profit. after short term investors have selling all now the eduspec can fly. just wait the short term players finish their start

tingkap

913 posts

Posted by tingkap > 2019-07-10 09:05 | Report Abuse

my target is 0.15 is enough. no need to wait to the 0.3. since the Google Classroom has been started on 1 July 2019. may be next quarter will tell the story.

nightfly

345 posts

Posted by nightfly > 2019-07-10 09:08 | Report Abuse

Check this out today ...If the bid to sell at 0.035 volume build up .. then will clear ...n will go down

tingkap

913 posts

Posted by tingkap > 2019-07-10 09:14 | Report Abuse

hopefully will go down because i want to collect and accumulate it more at 0.03 or 0.035

good comment nightfly. let investors here sell at 0.0.35

nightfly

345 posts

Posted by nightfly > 2019-07-10 09:18 | Report Abuse

If this stock can hold 0.0.35 and 0.040 till next week, then I will buy more

kenie

761 posts

Posted by kenie > 2019-07-10 10:16 | Report Abuse

WHY KYY SHOULD PUT MONEY INTO THIS HIDDEN JEWEL STOCK?
Author: diehardunited | Publish date: Tue, 9 Jul 2019, 3:30 PM


Eduspec is on the path of upward earnings growth trajectory and distributes free money to its shareholders;

(1) Eduspec is expected to be a major beneficiary from a contract rollout for a virtual learning environment (VLE) from the Government.

Don't forget that Kencana Capital, which owns by Mokhzani Mahathir and Prof. Dato' Raja Munir, currently a Director of MyEG Services Berhad are in Eduspec. With Mokhzani as a proxy and experience and expertise from Raja Munir, the prospect for Eduspec to secure a billion contract of VLE project is high.

Since Eduspec uses Google Classroom and is already working with the Education Ministry together with Sharp to intro 100 classrooms with their smart classroom tech, Eduspec is the clear frontrunner to win a new Billion Ringgit contract.

https://www.thestar.com.my/news/nation/2019/06/27/1bestarinet-contract-ends-june-30/#utKd7VlWxucqvi2J.99

(2) Eduspec is giving out free money to its shareholders! Eduspec has proposed bonus issue of up to 550.9m free warrants in Eduspec on the basis of 1 Warrant B for every 2 shares in Eduspec. This proposal has been approved by Bursa Malaysia. The date will be determined and announced later.

kenie

761 posts

Posted by kenie > 2019-07-10 10:20 | Report Abuse

EDUSPEC HOLDINGS BERHAD


30 Largest Securities Account Holders For Ordinary Shares As At 31/05/2019
No. Name No. of Shares Held %
1. AUTONAIRE SDN BHD 90,727,381 8.23 %

2. M & A NOMINEE (TE MPATAN ) SDN BHD
PLEDGED SECURITIE S ACCOUNT FOR VICTORY - SOLUTIONS (M) SDN BHD 43,617,764 3.96 %

3. VICTORY SOLUTI ONS HOLDINGS SDN BHD 43,046,300 3.91%

4 .MAYBANK NOMINEES (TEMPATAN ) SDN BHD
EXEMPT AN FOR ARECA CA PITA L SDN BHD 38,391,000 3.48 %

5. M & A NOMINEE (TE MPATAN ) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR LIM KOK CHUAN @ BERNAR - D LIM 29,000,000 2.63%

6. CIMB GROUP NOMINEE CIMB ISLAMIC
TRUSTEES (TEMPATAN ) SDN BHD BERHAD FOR AFFIN HWAN G MULTI -ASSET FUND 22,681,400 2.06 %

7 KENANGA NOMINEES (TEMPATAN ) SDN BHD
PLEDGED SECURITIE S ACCOUNT FOR LIM SOON SEONG 22,000,000 2.00

8 CHO LIN , HSIU-HUI 21,839,000 1.98 %

9 CIMSEC NOMINEES (TEMPATAN ) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR JAMES KHONG POH WAH (SOLARI S-CL) 19,650,750 1.78 %

10 UOBM NOMINEES (TEMPATAN ) SDN BHD
EXEMPT AN FOR ARECA CAPITA L SDN BHD (CLIENT A/C 1) 16,200,000 1.47

11 TAN BOON CHING 12,996,200 1.18 %

12 ER CHUN TAT 12,000,000 1.09 %

13 ALLIANCE GROUP NOMINEES (TEMPATAN ) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR YEOH POH CHOO 11,199,400 1.02

14 JENNY CHEA H SEK LI 10,000,000 0.91%

15 CIMSEC NOMINEES (ASING) SDN BHD
CIMB FOR TAN CHIN KWAN G JOHNSON (PB) 9,927,350 0.90 %



DIEHARD UNITED where have Kencana Capital, which owns by Mokhzani Mahathir
Mokhzani Mahathir SELL eduspec ALREADY

fl888

7,722 posts

Posted by fl888 > 2019-07-10 10:26 | Report Abuse

Kencana can sell to friendly parties to hold lah to avoid conflict of interest and KLSE, which is being done by and through grey markets,,,,

kenie

761 posts

Posted by kenie > 2019-07-10 10:27 | Report Abuse

WHY SHOULD PUT MONEY INTO THIS RECESSION PROOF STOCK?
Author: diehardunited | Publish date: Mon, 3 Jun 2019, 4:36 PM

At this current challenging market and economic slowdown, there is no other good stocks besides utilities, healthcare and education - which is EDUSPEC. There is no way people stop taking education, particularly primary and secondary schools in regardless of economic situation is good or bad. EDUSPEC has a recession proof business. EDUSPEC specialises in providing e-learning products to primary and secondary schools.

Don't forget that Kencana Capital Sdn Bhd owns 36.62 million shares in EDUSPEC. Annual report data shows that Tan Sri Mokhzani Mahathir owns Kencana Capital. With the new government - PH led, the Company's outlook look secure and will be even brighter now!

Looking at EDUSPEC, it finally turned around in the last quarter results for FY19 (ended in March 2019) and we could expect a full-year black in its FY20 (ended in March 2020). There will be more to come based on the way in which the Company restructured its operation.

kenie

761 posts

Posted by kenie > 2019-07-10 10:34 | Report Abuse

2018 Kencana Capital Sdn. Bhd. 36,620,000 shares 3.32 %
WHY Tan Sri Mokhzani Mahathir SELL out eduspec BECAUSE school have stupid principal , eduspec financial problem
cash flow 1.3 millions
debt 35.07 millions
current liabilities 76.82 millions

kenie

761 posts

Posted by kenie > 2019-07-10 10:35 | Report Abuse

kencana capital sold out ..don't have eduspec shares .

kenie

761 posts

Posted by kenie > 2019-07-10 10:35 | Report Abuse

eduspec financial problem....eduspec school teacher need teach stupid principal first before school close...

kenie

761 posts

Posted by kenie > 2019-07-10 10:36 | Report Abuse

stupid DIEHARD UNITED must go eduspec study first...

kenie

761 posts

Posted by kenie > 2019-07-10 10:37 | Report Abuse

eduspec school teacher need to teach stupid DIEHARD UNITED

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