Forum : Stock: [ARBB]: ARB BERHAD

ARB BERHAD

KLSE (MYR): ARBB (7181)

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Last Price

0.04

Today's Change

0.00 (0.00%)

Day's Change

0.04 - 0.045

Trading Volume

1,277,900

62 people like this.

25,520 comment(s). Last comment by whistlebower99 3 weeks ago

VanDoom

8 posts

Posted by VanDoom > 2020-08-20 18:46 | Report Abuse

I'm gonna just repeat this. Do your careful research on ARBB. Out of 35mil 2019 profit, 40+mil from increased trade receivables. Operationally, ARBB is ACTUALLY operationally deficit by 4-5mil.

When these trade receivables are written off, then the "profits" will vaporize.

VanDoom

8 posts

Posted by VanDoom > 2020-08-20 18:47 | Report Abuse

Again, ARBB is not IR4.0.
IR4.0 is awesome.
ARBB IS NOT. Very likely a SCAM job.

Do your careful research on ARBB. Out of 35mil 2019 profit, 40+mil from increased trade receivables. Operationally, ARBB is ACTUALLY operationally deficit by 4-5mil.

When these trade receivables are written off, then the "profits" will vaporize.

From a timber/wood manufacturer; suddenly 360 change into IR4.0 company. Issue 1.4bil ICPS at 0.01sen. 20sen to convert into a share. After converting, still get free 5-6sen per share by selling open market. Why go buy premium at 27-28sen. The fair value should be 21sen. Why wanna benefit them by buying high? Currently, converted about 200mil shares, got 1.2billion shares yet to be converted. Own subsidiary ARBIOT that report 35mil earnings by increasing trade receivables by 40mil to support 1.2Bil shares diluting EPS. Currently at PE 2, what a way to set value trap. You can read from Q4,18 quarters until last quarter reports. You will agree with me.

Let see if these trade receivables turns into cash or vaporize.
Stay safe. Don't be victim of scam.

WendyLim56

11 posts

Posted by WendyLim56 > 2020-08-20 18:51 | Report Abuse

Don't buy rubbish like ARBB even if it's PE0.1. No PROFIT in cash is as good no profit.
A company with market cap RM80mil to deliver RM1Bil worth of MoU. You try to cheat who?

WendyLim56

11 posts

Posted by WendyLim56 > 2020-08-20 18:51 | Report Abuse

ARBB negetive operating cash straight 4 quarters.

Arbb collect payment, SLOW SLOW. ARBB make payment with investors money, FAST FAST.

If i'm ARBB investor, con lan firm dulan la...why so stupid?
========================================================
once bitten twice shy twice bitten armada sure go to holland die pretty good , yes, my arse !

bosskufanboy

1,441 posts

Posted by bosskufanboy > 2020-08-20 18:52 | Report Abuse

Aiya, They are not monitor the stock market also

AnimalTJ

11 posts

Posted by AnimalTJ > 2020-08-20 18:52 | Report Abuse

a) ARBD and East Insurance had mutually agreed to terminate the MOU as East Insurance undertook an internal restructuring exercise. ~USD20 million GONE

b) Group announced that ARBD and HKYT Life Insurance had mutually agreed to terminate the MOU ~USD100mil GONE

c) Group announced that ARBIOT and CCTG had mutually agreed to terminate the MOU due to
both parties have been unable to agree and finalise the terms of the potential collaboration. ~USD100mil

AnimalTJ

11 posts

Posted by AnimalTJ > 2020-08-20 18:52 | Report Abuse

Everybody realize what a scam job. Terminate, terminate, terminate. If ARBB so good, why terminate?

a) ARBD and East Insurance had mutually agreed to terminate the MOU as East Insurance undertook an internal restructuring exercise.

b) Group announced that ARBD and HKYT Life Insurance had mutually agreed to terminate the MOU

c) Group announced that ARBIOT and CCTG had mutually agreed to terminate the MOU due to
both parties have been unable to agree and finalise the terms of the potential collaboration.

DojaCat

13 posts

Posted by DojaCat > 2020-08-20 18:53 | Report Abuse

Got a list to terminate summore. No rush...can slow slow wait.

(a) On 17 June 2019, the Group announced that its wholly-owned subsidiary ARB Development Sdn.
Bhd. (“ARBD”) had entered into a memorandum of understanding (“MOU”) with East Insurance
PLC (“East Insurance”) to explore the potential collaboration in deploying enterprise resource
planning (“ERP”) system and information technology (“IT”) related hardware and software for East
Insurance. The project value is not less than USD20 million (approximately RM83.5 million based
on USD1.00 : RM4.17 extracted from Bank Negara Malaysia on 17 June 2019).
(b) On 10 July 2019, the Group announced that ARB Development Sdn. Bhd. (“ARBD”), a whollyowned subsidiary of the Group had entered into a memorandum of understanding (“MOU”) with HK
Yue Tai Life Insurance PLC (“HKYT Life Insurance”) to explore the potential collaboration in
deploying enterprise resource planning system and information technology related hardware and
software for HKYT Life Insurance. The project value is not less than USD 20 million (approximately
RM82.85 million based on USD1.00 : RM4.14 extracted from Bank Negara Malaysia on 9 July
2019).
(c) On 10 July 2019, the Group announced that ARBIOT Sdn. Bhd., an indirect wholly-owned
subsidiary of the Group had entered into a memorandum of understanding (“MOU”) with Chean
Chhoeng Thai Group Co. Ltd. (“CCTG”) to explore the potential of collaboration in deploying
internet of things and information technology related hardware and software for CCTG. The project
value is not less than USD100 million (approximately RM414.25 million based on USD1.00 :
RM4.14 extracted from Bank Negara Malaysia on 9 July 2019).
(d) On 23 July 2019, the Group announced that ARBIOT Sdn. Bhd., an indirect wholly-owned
subsidiary of the Group had entered into a memorandum of agreement (“MOA”) with Hangzhou
Mayam IoT Tech. Co., Ltd (“HMIT”) to form a strategic partnership in deployment of smart water
meters that can be deployed by water authorities in Malaysia to measure, collect and analyse realtime water consumption information and data, including water leakages, water pressure, date and
time of water consumed by household (“Smart Water Metering Project”).The project value of the
Smart Water Metering Project is RM200 million over an initial period of two (2) years from the
commencement date with an extension of another eight (8) years to complete, if deemed necessary.

(e) On 23 July 2019, the Group announced that ARBIOT Sdn. Bhd., an indirect wholly-owned
subsidiary of the Group had entered into a memorandum of agreement (“MOA”) with Shuifa IoT
Tech. Co., Ltd. (“SITC”) to form a strategic partnership to carry out the project in relation smart
household water filtration system that can be supply to the public and individuals for the household
members to enjoy a safer and healthier water source for daily use (“Smart Household Water
Filtration Project”). The project value is approximately RM600 million for the duration of ten (10)
years, SITC shall provide the necessary funding to ARBIOT for the implementation and completion
of Smart Household Water Filtration Project.

(f) On 22 August 2019, the Group announced that ARB Development Sdn. Bhd. (“ARBD”), a
wholly-owned subsidiary of the Group had entered into a one (1) year business contract with Tatan
Land Co., Ltd (“TLCL”) to provide customized enterprise resource planning (“ERP”) system and
system integration solution (“SIS”) for an estimated value of USD20 million (approximately
RM83.54 million based on USD1.00 : RM4.18 extracted from Bank Negara Malaysia on 21 August
2019). The business contract is , automatically renewed upon achieving the agreed target of Gross
Merchandise Value (“GMV”) of USD20 million.

DojaCat

13 posts

Posted by DojaCat > 2020-08-20 18:53 | Report Abuse

All these also signed...then what happened?

(a) On 17 June 2019, the Group announced that its wholly-owned subsidiary ARB Development Sdn.
Bhd. (“ARBD”) had entered into a memorandum of understanding (“MOU”) with East Insurance
PLC (“East Insurance”) to explore the potential collaboration in deploying enterprise resource
planning (“ERP”) system and information technology (“IT”) related hardware and software for East
Insurance. The project value is not less than USD20 million (approximately RM83.5 million based
on USD1.00 : RM4.17 extracted from Bank Negara Malaysia on 17 June 2019). On 9 December
2019, the Group announced that ARBD and East Insurance had mutually agreed to terminate the
MOU as East Insurance undertook an internal restructuring exercise. Hence, the Group has decided
to terminate the MOU until East Insurance completes its restructuring exercise.
(b) On 10 July 2019, the Group announced that ARB Development Sdn. Bhd. (“ARBD”), a whollyowned subsidiary of the Group had entered into a memorandum of understanding (“MOU”) with HK
Yue Tai Life Insurance PLC (“HKYT Life Insurance”) to explore the potential collaboration in
deploying enterprise resource planning system and information technology related hardware and
software for HKYT Life Insurance. The project value is not less than USD 20 million (approximately
RM82.85 million based on USD1.00 : RM4.14 extracted from Bank Negara Malaysia on 9 July
2019). On 24 December 2019, the Group announced that ARBD and HKYT Life Insurance had
mutually agreed to terminate the MOU as the Parties do not foresee the finalisation of the terms of
collaboration within the validity period of the MOU.
(c) On 10 July 2019, the Group announced that ARBIOT Sdn. Bhd. (“ARBIOT”), an indirect
wholly-owned subsidiary of the Group had entered into a memorandum of understanding (“MOU”)
with Chean Chhoeng Thai Group Co. Ltd. (“CCTG”) to explore the potential of collaboration in
deploying internet of things and information technology related hardware and software for CCTG.
The project value is not less than USD100 million (approximately RM414.25 million based on
USD1.00 : RM4.14 extracted from Bank Negara Malaysia on 9 July 2019). On 24 December 2019,
the Group announced that ARBIOT and CCTG had mutually agreed to terminate the MOU due to
both parties have been unable to agree and finalise the terms of the potential collaboration.

FoolishArb

8 posts

Posted by FoolishArb > 2020-08-20 18:54 | Report Abuse

I can sign agreement with you. And the mutually terminate it mar. Blind or dunno how to read?

(a) On 17 June 2019, the Group announced that its wholly-owned subsidiary ARB Development Sdn.
Bhd. (“ARBD”) had entered into a memorandum of understanding (“MOU”) with East Insurance
PLC (“East Insurance”) to explore the potential collaboration in deploying enterprise resource
planning (“ERP”) system and information technology (“IT”) related hardware and software for East
Insurance. The project value is not less than USD20 million (approximately RM83.5 million based
on USD1.00 : RM4.17 extracted from Bank Negara Malaysia on 17 June 2019). On 9 December
2019, the Group announced that ARBD and East Insurance had mutually agreed to terminate the
MOU as East Insurance undertook an internal restructuring exercise. Hence, the Gr

SunnySide

9 posts

Posted by SunnySide > 2020-08-20 18:55 | Report Abuse

Dishonest manipulators, promoters and management have preyed on unsuspecting investors.

It is time for such investors to redouble their efforts to be alert for such financial shenanigans so that they can protect themselves.

SunnySide

9 posts

Posted by SunnySide > 2020-08-20 18:55 | Report Abuse

Shenanigans at their most basic level, attempt to put a positive spin on a company’s financial performance and economic health.

The urge (the primal greed and fear of conman cb fatty liew cock leong and his sidekick, dishonest babiace) to exaggerate the positive and hide the negative will never disappear. Where temptation exists, shenanigans often will follow.

tankoksiong

155 posts