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

wait until the durian drops from tree...

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

wait until the sun rise from west..

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

LOL...

Posted by ThunderStorm > 2020-09-02 16:17 | Report Abuse

Tomorrow see how much the price will go??

Posted by ThunderStorm > 2020-09-02 16:17 | Report Abuse

I bet it will drop to 0.30

Posted by ThunderStorm > 2020-09-02 16:17 | Report Abuse

hahahahahahahha...

Posted by ThunderStorm > 2020-09-02 16:18 | Report Abuse

Go to analyse other counters better.. this counter is wasting time.

Posted by ThunderStorm > 2020-09-02 16:18 | Report Abuse

whoever listens to this BUNCH OF IDIOTS will CERTAINLY LOSS..

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

As this bunch of so call Analysts are poor people, how can you expect them to analyse good analysis for gaining money? Hahahahaha....

Posted by ThunderStorm > 2020-09-02 16:21 | Report Abuse

If they know how to earn money, they won't reveal the secret recipe la... LOL

Posted by ThunderStorm > 2020-09-02 16:22 | Report Abuse

Good for them to wear CLOWN COSTUME and do the MONKEY SHOW.. entertain the POTENTIAL INVESTORS ... LOL

Posted by ThunderStorm > 2020-09-02 16:24 | Report Abuse

Quick reminder :

Part Satu - Intro Ages 7145
Kepada Ahli Lembaga Pengarah Prinsiptek / Ageson,
Saya ingin bertanya kepada kalian...
mengapa kalian sanggup bertindak sebegitu
kejam sehingga menjadikan orang awam yang
tidak tahu menahu dalam urusan syarikat
kalian sebagai mangsa untuk kepentingan
kalian sendiri???


Baru-baru ini, saya dapat tahu salah seorang
rakan saya terlibat dalam kes
“curian identiti”. Pada mulanya saya
rasa ini hanyalah kes tipuan biasa
sahaja....tetapi setelah diteliti,
ianya merupakan kes kecurian identiti
di mana nama rakan saya telah diguna pakai
sebagai Pengarah dan Pemegang Saham di
4 syarikat di bawah!!

- Prinsiptek (M) Sdn Bhd
- LKD Trading Sdn Bhd
- NBL Land Development Sdn Bhd
- Tanah Perangsang Sdn Bhd

Bagus kan!, Tiba-tiba menjadi pengarah dan
pemegang saham di dalam syarikat-syarikat
di atas.

Malangnya...syarikat-syarikat ini
telah disaman oleh banyak syarikat
lain berjumlah jutaan ringgit!!!

Carian SSM menunjukkan bahawa
syarikat-syarikat ini adalah bekas anak
syarikat anda, Ageson Berhad
(Dahulunya sebagai Prinsiptek Corporation
Berhad), dan pemeriksaan lebih lanjut
menunjukkan bahawa Ageson Berhad diambil
alih oleh 2 orang yang bernama Chin Kok Foong
dan Liew Kok Leong (Nampaknya dia adalah
seorang berpangkat Dato, tetapi saya
enggan menyebutnya sebagai Dato kerana
sememangnya sudah pasti dia tidak layak).

Setelah pengambilalihan, kalian telah
mencuri identiti rakan saya dan memindahkan
saham dan menjadikan beliau sebagai
pengarah anak syarikat anda kepadanya
dan menjadikannya mangsa.

Sebenarnya sangat jelas menunjukkan bahawa
kalian (Ageson Berhad) cuba berusaha untuk
melepaskan diri dari semua saman pemiutang
dengan hanya memindahkan saham dan jawatan
pengarah kepada mangsa...segala hutang-hutang
kalian tidak perlu membayar satu sen pun,
tetapi rakan saya sebagai pengarah perlu
menghadapi semua tuntutan dan gangguan oleh
pemiutang anda.

Kalian ni sememangnya penipu yang
paling berani untuk tidak menghiraukan
undang-undang Malaysia.

Oleh kerana kes ini melibatkan reputasi
pasaran saham Malaysia dan reputasi agensi
penguatkuasaan Malaysia yang berkaitan,
saya sangat berharap agensi kerajaan yang
berkenaan akan membuat siasatan kes.
Jika tindakan yang sewajarnya tidak diambil,
siapa lagi yang berani menjalankan bisnes di
Malaysia??

Saya terpaksa menyiarkan kes ini dengan akaun
baru demi menjaga keselamatan saya kerana
telah mendedahkan perkara buruk mereka
kepada orang ramai.

Semoga pihak berkuasa mengambil tindakan yang
sewajarnya dan siasat sebelum ramai lagi
yang menjadi mangsa.

Posted by ThunderStorm > 2020-09-02 16:25 | Report Abuse

Detain Link as below.

https://aisahbintimohdliew.blogspot.com/2020/08/ages-7145.html

Posted by ThunderStorm > 2020-09-02 16:27 | Report Abuse

Thursday, 27 August 2020
Part Dua - Tipu SSM dan Bursa
Kalau tak buat jahat, buat apa mau main back date tukar pengarah, tukar share allotment dan tukar constitution?

Buat apa mau menebus syea keutamaan?

Nasib baik SSM tak bodoh. Semua sudah reject.

Tapi alamak.. announcement Quarterly Results for Financial Period Ended 31 December 2019 yang AGES buat pada 12 Feb 2020 di Bursa Malaysia tu dikira mengandungi kenyataan yang tak betul kan??

SEBAB Item 24 "Material Litigation" dia kata "Pursuant to the dilution of shareholding, Prinsiptek (M) Sdn Bhd become a non -subsidiary of the Company. The Material litigation in relation to Prinsiptek (M) Sdn Bhd is not compulsory to bd disclosed"


Tapi Mana ada dilution ? SSM sampai hari in tunjuk lagi AGES hold Prinsiptek 90% syer.


Pening niii.... saya yang tak tau baca repor, ke orang jahat terlalu handal?

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=208114&name=EA_FR_ATTACHMENTS

Posted by ThunderStorm > 2020-09-02 16:30 | Report Abuse

Part Tiga - Ageson Financial Analysis and Comments
Untuk membantu “Retail Investor” yang mungkin terpedaya oleh cybertroopers yang diupah Ageson, saya telah menjemput rakan saya yang sedang mengambil kursus perakaunan untuk memberi komen mengenai Quarterly Results Ageson.

So here is the sharing of my friend’s analysis of Ageson Berhad financials, news, and company announcements since 1 July 2019, this analysis is also used for his school project. The analysis has been mainly focusing on the construction business and have not covered the new sand business to large extent as this will be updated again in future. Selection criteria of Company to analyse included the following but not limited to:

1. Company receiving multiple queries from Bursa

2. Penny stocks which share price increased significantly since Covid-19

3. Company in construction business



Feel free to comment. Need guidance to improvise the analysis.

1. Revenue, Cost of Sales and Gross Profit

- Q2 Revenue increased by 105%, but Cost of Sales reduced by 11%? What kind of construction business can possibly bill for higher Revenue with reduction in Cost? Please explain what Construction Revenue Recognition Method is use.

- Cumulated Gross Profit Margin was handsome at 57% for Q4. Such results during this Covid-19 period surpasses all leading construction listed company in Malaysia with average GP of 20%, and even surpass all leading development listed company in Malaysia with average GP od 30%. Really wonder which project continued operation during MCO can generate 36m revenue for Ageson.

- Some people say they sell sand that’s why so high profit, but based on Q4 Report, Item 9 Segmental Information, seems like no sand transaction was done yet. The reported Segment was only for Construction and Property Development.

2. Expenses

- Operating Expenses. Sudden jump of 14.3m (20.5m – 6.2m) in Q3. Probably Ageson expanded incredibly during Covid-19 and MCO lockdown period in March 2020, just that they deem insignificant and do not need to make announcement on this since everyone busy coping with Covid-19? Miracally, Q4 operating expenses suddenly dropped by 7m as “Operating Income”. Impressive, as every company were busy cutting down operating expenses while Ageson manage to actually generate operating income.

- Finance Cost. The finance cost come and go as if they own the bank. Notwithstanding that Q4 has outstanding bank borrowings of 21.6m, but zero finance cost? Did we miss any interest-free financing package available in the market?

- Share of Associated Company Results. Only Q4 got associated Company and other quarters no Associated Company? No where in the announcements have mentioned about the associated Company.

- Tax. So much profit but no Provision for Tax? A closer look at both Income Statement and Balance Sheet shows that there were no single cent of tax expense or tax provision made.

Does it mean that those “Revenue” and “Profits” are non-operating in nature, i.e. purely paper profits, and hence not taxable?

Could it be due to capital gain? Unsure as no disclosure of material capital gain made.

Or did we miss any new special tax exemption scheme by the Malaysia government?

 

Analysis of Balance Sheet (Assets):

To simplify things, lets focus on the changes between June 2020 and June 2019 only, instead of by Quarter:

1. Many movements in the various accounts under Non Current Asset, but ultimately, Non Current Asset increased by 41m, which coincidentally, Goodwill has also increased by 41m. Have we missed any major acquisition by Ageson which resulted in Goodwill recognition? Is Ageson a Billion dollar company whereby such increase of 41M goodwill does not warrant a disclosure of the source?



2. Goodwill increase of RM 41m was almost equivalent to the nett decrease in Net Current Asset of 40.5m.



3. Increase in total Equity of 17.6m was also almost equivalent to the decrease of Non-Current Liabilities of 17m.



Summary:

4. Where did the Net Profit of RM 37m went to? For operating profit, Net-Current Asset should have increased by 37m. Profit of 37m and recognition of Goodwill for 41m? Hmmm….Debit Goodwill, Credit Revenue? Magic…



5. Furthermore, where did the cash from Preference Share of 48m went to? Increase in Equity should also follow by increase in Asset if all else remain constant.



6. What is more surprising is, reserves had actually decreased by 103m. So lets look at the Q3 Statement of Changes in Equity Below:

7. Is Prinsiptek (M) Sdn Bhd Still A Subsidiary of Ageson?

In Q4 Capital Reserve has reduced substantially by 124,949 under item “Changes of Stakes in a Subsidiary Company”!! There was no announcement of any major disposal or changes in subsidiary from 1 April to 30 June 2020 (or up till 31 August 2020), so how come suddenly there is this huge change?

A careful read of the Q4 result announcement, Item 12 Changes in Composition of the Group, Ageson Berhad reported the following:

Posted by ThunderStorm > 2020-09-02 16:31 | Report Abuse

7. Is Prinsiptek (M) Sdn Bhd Still A Subsidiary of Ageson?

In Q4 Capital Reserve has reduced substantially by 124,949 under item “Changes of Stakes in a Subsidiary Company”!! There was no announcement of any major disposal or changes in subsidiary from 1 April to 30 June 2020 (or up till 31 August 2020), so how come suddenly there is this huge change?

A careful read of the Q4 result announcement, Item 12 Changes in Composition of the Group, Ageson Berhad reported the following:



There were no material changes in the composition of the Group for the current financial quarter under review.



Almost forgotten to mention, Ageson has on 27 December 2019 announced that that Prinsiptek (M) Sdn Bhd (“PMSB”) was a former subsidiary of Ageson. The also Board highlighted that as at 1 July 2019, Prinsiptek (M) Sdn Bhd (“PST”) had ceased to be a principal subsidiary of the Company.

If this is the case, what could it be? Possible misreporting? Only Bursa can investigate and provide us an clearer picture.



8. If Prinsiptek (M) Sdn Bhd is not Subsidiary of Ageson, who delivers the Construction Revenue and Results?

Based on 2019 Annual Report of Prinsiptek Corporation / Ageson Berhad, Prinsiptek (M) Sdn Bhd is a wholly owned subsidiary, and it hold all of the group Construction business.



Prinsiptek Corporation mentioned in the Annual Report page 5 the following:



The Group started with one of its largest and longest established subsidiaries, namely Prinsiptek (M) Sdn Bhd (“PST”), which was incorporated on 18 October 1990 to undertake building and construction activities. PST has grown over the years and is now a Class “A” and Grade G7 registered contractor with the Sijil Perolehan Kerja Kerajaan and the Construction Industry Development Board respectively, allowing PST to bid and undertake construction projects of unlimited value. Furthermore, PST has expanded its business into other related fields such as Turnkey Contractor, Property Developer and Trading House for Construction Raw Materials.



But now since Ageson Berhad already dishonestly (no better words) disown Prinsiptek (M) Sdn Bhd by announcing in Q2 results that Prinsiptek (M) Sdn Bhd became a “non-subsidiary” due to dilution of shares (but yet latest SSM results still shows Ageson holds 92% shares in Prinsiptek (M) Sdn Bhd), so which company is Ageson Berhad Construction Arm?



If Prinsiptek (M) Sdn Bhd is no longer a subsidiary, which entity significantly contributed to the Construction segment revenue and results? Perhaps the other construction related subsidiary listed in the annual report or the 2 new subsidiaries of Ageson Berhad as follows?

1. Ageson Enterprise Sdn Bhd (formerly knowsn as Esa Pile Sdn Bhd)

2. Ageson BIM Sdn Bhd

3. Ageson System Sdn Bhd



However, a quick check on the Malaysia CIDB website today shows that the above companies were not even a registered contractor with CIDB. They don’t even have a G1 licence.



Further Thoughts:

1. As Ageson Berhad had always make announcement on Memorandum of Understanding, Letter of Intent etc whereby all these “ARE NOT COMMITTED PURCHASES”, they will definitely make announcement on new construction projects, be it the first day they met XXX party for the first time with no firm plan and commitment for new projects too right? But so far there was no single announcement on new construction projects, not even a plan. Mystery of the day, what Construction Project is Ageson Berhad working on, and under which entity, contributing to the exceptionally good construction segment revenue and results?



2. Grant Thornton Malaysia (AF 0737) (“GT”) resigned as Auditors of the Company with immediate effect on 6 August 2020, 22 days prior to the deadline for the Company Q4 announcement. Could this be a potential red flag? GT was first appointed as Auditor during the Annual General Meeting held on 25 November 2019. GT has not completed its 1st year audit of the Company.



Thank you and have a nice day…

- To the investor of Ageson Berhad….May the odds be ever in your favor…





at August 31, 2020
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Posted by ThunderStorm > 2020-09-02 16:32 | Report Abuse

Wowowowowow... This can won the Grammy Award already...

Posted by ThunderStorm > 2020-09-02 16:33 | Report Abuse

These articles are viral to Facebook, Twitter and Pininterest already...

Posted by ThunderStorm > 2020-09-02 16:33 | Report Abuse

Thought this is end already???

Posted by ThunderStorm > 2020-09-02 16:34 |

Post removed.Why?

Posted by bosskufanboy > 2020-09-02 16:34 | Report Abuse

hahaha, here we go again

Posted by ThunderStorm > 2020-09-02 16:35 | Report Abuse

Heng Heng Ong Ong a!!! Hahahahaha....

Posted by bosskufanboy > 2020-09-02 16:35 | Report Abuse

where's ur other fake account? kena ban again? all the comment gone wei

Posted by bosskufanboy > 2020-09-02 16:36 | Report Abuse

viral fb and pinterest? hahahahaha

Posted by ThunderStorm > 2020-09-02 16:36 | Report Abuse

The part 3 just posted on Merdeka Day.. Heng a!

Posted by bosskufanboy > 2020-09-02 16:36 | Report Abuse

someone pls show me how is this fake news viral?

Posted by ThunderStorm > 2020-09-02 16:37 | Report Abuse

Go to comment on people analysis.. is that a good analysis report??

Posted by bosskufanboy > 2020-09-02 16:38 | Report Abuse

saya telah menjemput rakan saya yang sedang mengambil kursus perakaunan untuk memberi komen mengenai Quarterly Results Ageson.


if you believe this you are an idiot, ambil kursus akaun hahahahahaha

Posted by bosskufanboy > 2020-09-02 16:38 | Report Abuse

who is this student ar? so creditable huh

Posted by ThunderStorm > 2020-09-02 16:39 | Report Abuse

I got a feeling! That's tonight gotta be a good night! That's tonight gotta be a good good night! LOL...

Posted by ThunderStorm > 2020-09-02 16:40 | Report Abuse

Ooops... could be a nightmare.. Shhh... LOL...

Posted by bosskufanboy > 2020-09-02 16:41 | Report Abuse

Hahaha, copy paste job again it seems

Posted by ThunderStorm > 2020-09-02 16:41 | Report Abuse

If these articles are translated in English, won't you think is a good idea?? LOL..

Posted by bosskufanboy > 2020-09-02 16:44 | Report Abuse

at least make some effort le, dont copy paste the same comment at other board too

Posted by bosskufanboy > 2020-09-02 16:46 | Report Abuse

i think the previous spammer give more jokes here, this spammer really not qualified

Posted by bosskufanboy > 2020-09-02 16:47 | Report Abuse

AGES lol

https://klse.i3investor.com/servlets/stk/7145.jsp

Posted by bosskufanboy > 2020-09-02 16:50 | Report Abuse

let them boom, they deserve it hahahahaha

Posted by tankoksiong > 2020-09-02 16:51 | Report Abuse

Below are the excerpts from Frost & Sullivan analysis, I thought that it would be quite a good read for new investors to understand more about ERP and IoT sector. And of course - ARB BERHAD (7181)

Posted by tankoksiong > 2020-09-02 16:51 | Report Abuse

ARB’s key strengths include its design and development capabilities that allow it to create ERP solutions from the ground up – allowing it to craft highly customized systems that can cater to the varied needs of different industries, from retail to agriculture. In this way, ARB is able to cater to the specific needs of its target customer, who typically have very unique requirements with respect to system dashboards, customer support and applications & modules.

Posted by tankoksiong > 2020-09-02 16:51 | Report Abuse

With the experience gained from its JVs, ARB has a better appreciation of the requirements that users (business manager etc.) deployed on the ground have. It has therefore been able to tailor its ERP portfolio to be highly aligned to the challenges that SMEs typically face which include:


Improving management integration;
Gaining oversight on the costs and benefits from various business activities;
Engaging in data-driven strategic planning;
Instituting strict financial control measures;
ARB’s ERP solutions are also highly scalable according to the needs of its customers (particularly SMEs) especially in the following areas;
Incorporating machine learning, AI and data analytics tools to automate operations, business intelligence and marketing purposes;
Achieving integrated supply chain management with a focus on visibility over warehouses and inventory;
Accommodating multi-level membership/referral programmes;
Integrating e-wallet solutions in retail systems;
Optimizing backend operations to improve operational efficiencies; and
Possessing the versatility required to handle operations across a wide range of industries.

Posted by tankoksiong > 2020-09-02 16:52 | Report Abuse

So, can other companies adopt what ARBB is doing? The short answer is no. ARBB's unique business model disable most, if not all close competitors in the ERP sector.

Posted by tankoksiong > 2020-09-02 16:52 | Report Abuse

ARB approaches target SMEs (typically with a long track record of growth over 10-15 years) in the distribution and service industries who are in the early stages of their digital transformation journey to form joint ventures (JVs). These SMEs typically do not possess the funds or risk appetite to implement costly ERP solutions and are also facing operational and management inefficiencies that place a ceiling on their growth.


- The JV takes over the business operations of the SME – with the SME focusing on sales and inventory management and ARB (with the controlling interest) financing and operating a customized ERP solution and periodically providing the necessary updates and new modules, freeing up cash flow for the SME in a mutually beneficial relationship. Beyond SMEs, ARB also uses similar JV models in projects with government linked companies (GLCs).
- ARB creates value for its JV partner by providing a solution (based on its technical/business know-how) designed to generate an immediate impact on sales and profits. ARB also improves business outcomes for its network of JV partners by allowing its network of partners to cross-sell their products and/or upsell packages to end customers.
- This innovative business model addresses three major pain points for customers and vendors in the ERP market
- Customers, particularly SMEs, being unwilling to spend on costly ERP implementation (by essentially shifting from a cash/debt driven model of technology investment to an equity-based model of technology investment.)
- ERP systems becoming obsolete or unfit for customers’ changing business needs (by ensuring that the motives of the technology provider and the client are aligned via a profit-sharing model – incentivizing the technology vendor to develop a better understanding of customer requirements and provide periodic upgrades and adjustments)
- Failure of outcome-based models as vendors have very limited levers to influence performance (by giving the technology provider direct managerial oversight to ensure that its ERP solution is being implemented alongside optimal business and workflow processes)

https://klse.i3investor.com/blogs/gmarb/2020-09-01-story-h1512630177-An_article_excerpt_from_Frost_Sullivan_analysis_read_it_before_this_sto.jsp

Posted by tankoksiong > 2020-09-02 16:54 | Report Abuse

IoT prospects for ARBB.

Ability to integrate solutions from a variety of vendors:

- In the Smart Home space, ARB has the capability to develop centralized control and monitoring solutions that can integrate a wide range of smart home devices and allow users to access these solutions via smartphone or desktop applications.

- In contrast, many of their competitors have exclusive arrangements with specific smart home hardware brands limiting their flexibility to design solutions according to property developers’ needs and budgets.

Posted by bosskufanboy > 2020-09-02 16:55 | Report Abuse

wah tankoksiong come le, it seems like spammer dog are hiding again

Posted by tankoksiong > 2020-09-02 16:55 | Report Abuse

Capabilities in large scale engagements:

The scale of IoT deployments can be defined as follows:

- Small scale: Less than 500 connected devices
- Medium scale: 500 – 10,000 connected devices
- Large scale: More than 10,000 connected devices
- ARB has demonstrated its ability to implement large scale IoT deployments, differentiating itself from its competitors who primarily occupy the small and medium scale space, leading it to be perceived as a top-tier IoT system integrator. This allows ARB to compete more effectively against larger players in future large scale implementation projects and secure collaborations with industry-leading players.
- For example, it signed an MoA with Hangzhou Mayam IoT Tech Co Ltd to potentially deploy 300,000 smart water meters (Phase one of the rollout) in a project worth RM 200 million, with ARB handling the installation, commissioning and testing of the water meters.
- It also inked an MoA with Shuifa IoT Tech Co Ltd to supply 300,000 Malaysian households with smart water filtration systems in a project worth RM 600 million.

Posted by tankoksiong > 2020-09-02 16:55 | Report Abuse

Synergies between IoT and ERP portfolios:

- ARB’s expertise in the ERP space together with its firsthand understanding of the demands that business users place on ERP systems has granted it experience regarding the suitability of dashboards, data analytics tools and data management processes. ARB carries this experience regarding effective customization over into the IoT space ensuring that the functionalities of its IoT solutions (UI, data analytics tools etc.) are in line with the business requirements of its clients.
- This focus on enhancing business outcomes distinguishes ARB from more traditional system integrators. Even established ERP vendors are in the beginning stages of augmenting their ERP offerings with IoT capabilities in this region – indicating that ARB can exploit first mover advantage with a hybrid IoT-ERP positioning.

Posted by tankoksiong > 2020-09-02 16:56 | Report Abuse

Proven track record of expanding into adjacent verticals as in the case of Re-Energy:

- Along with its primary focus on areas like smart home and water supply management, ARB continues to expand the scope of its business via strategic partnerships and acquisitions.
- For example, it embarked on its foray into the renewable energy segment through its acquisition of C&M Renewable Energy Technology Sdn Bhd in Malaysia allowing it to leverage its capabilities in IoT related system integration and solution engineering in large-scale renewable projects in Malaysia. This acquisition not only supports ARB’s vision of supporting environmental sustainability-related activities, it also allows ARB to be in a strong position to compete in the rapidly growing green energy industry in Malaysia, which is seeking to increase the share of renewable energy sources in the country’s energy mix from 2% in 2018 to 20% in 2025.
- ARB has demonstrated the ability to expand into sectors adjacent to its current focus areas by harnessing its IoT capabilities and leveraging targeted partnerships and acquisitions – indicating the potential for future expansion and growth.

Posted by tankoksiong > 2020-09-02 16:56 | Report Abuse

To be very honest, I cannot find another proxy in Malaysia market for ERP and IoT sector apart from ARBB. I'm not sure why the share price of ARBB is dropping despite good profit growth and ultra bright prospects! However, it is my chance to accumulate ARBB shares and I currently hold quite substantial amount of the company's shares.

https://klse.i3investor.com/blogs/gmarb/2020-09-02-story-h1513283648-An_article_excerpt_from_Frost_Sullivan_analysis_read_it_before_this_sto.jsp

Posted by bosskufanboy > 2020-09-02 16:58 | Report Abuse

hoseh, article boom time

Posted by tankoksiong > 2020-09-02 17:01 | Report Abuse

I hope you learned something about my second article for ARBB. This article I will let you know how the business operates and what risk you should be aware of.

Business Model

ARB implements a unique business model whereby it seeks to form a JV company with its target partner, where ARB will have the major controlling interest. Under the JV arrangement, the partner will provide the business know-how, while ARB will implement and periodically update its ERP solutions. The differentiating factor that makes this business model unique lies with the part where ARB will fully bear the cost of setting up the ERP solutions. Traditionally, SMEs are reluctant (or unable) to provide an upfront hefty investment on the implementation of ERP. Thus,this arrangement will entice prospective SMEs to form a JV agreement with the company. Under the JV agreement, both ARB and its JV partner are entitled to a share of profit from the JV. However, we are made to understand that in the initial years of the venture, the profits earned will be plough back for reinvestment purposes. This arrangement creates a ‘win-win situation’ whereby both parties will be able to focus on their respective field of expertise. (this part is their collaboration with their suppliers)