Posted by skyong > 2021-04-21 16:57 | Report Abuse

gg, dark cloud cover pattern.

Posted by Ifahjais > 2021-04-21 17:31 | Report Abuse

The sharks... they know amateurs study chart patterns. Sometimes... when the chart says sell, they buy and when the chat says buy... you guessed it... they sell.

Posted by skyong > 2021-04-21 17:46 | Report Abuse

yalol, like yesterday MACD call buy, but today drop back. haha

Posted by Ifahjais > 2021-04-21 17:55 | Report Abuse

GENERAL MEETINGS: Outcome of Meeting
ARB BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 21 Apr 2021
Time 08:30 AM

Venue(s) Broadcast Venue at No.17-02, Q Sentral
2A, Jalan Stesen Sentral 2
Kuala Lumpur Sentral
50470 Kuala Lumpur
Malaysia

Outcome of Meeting
The Board of Directors of ARB Berhad ("ARB" or "the Company") is pleased to announce that all resolutions as set out in the Notice of the Twenty-Third (23rd) Annual General Meeting ("23rd AGM") dated 30 March 2021 were passed by the shareholders of the Company at the 23rd AGM held on 21 April 2021.

All the resolutions were voted by way of poll and the results of the poll were validated by Messrs Aegis Communication Sdn. Bhd., an independent scrutineer appointed by the Company.

This announcement is dated 21 April 2021.

Voting Results

1. Ordinary Resolution 1
Description To re-elect Dato' Baharon Bin Talib who is retiring pursuant to Clause 105 of the Company's Constitution and being eligible, has offered himself for re-election.
Result Accepted

2. Ordinary Resolution 2
Description To re-elect Datuk Junaidi Bin Datuk Haji Abdul Rahman who is retiring pursuant to Clause 114 of the Company's Constitution and being eligible, has offered himself for re-election.
Result Accepted

3. Ordinary Resolution 3
Description To re-elect Mr Khor Ben Jin who is retiring pursuant to Clause 114 of the Company's Constitution and being eligible, has offered himself for re-election.
Result Accepted

4. Ordinary Resolution 4
Description To approve the Directors' fees amounting of up to RM70,000.00 for the period from the 23rd AGM up to the 24th AGM of the Company and other benefits payable of up to RM2,000,000.00 for the period from the 23rd AGM up to the 24th AGM of the Company.
Result Accepted

5. Ordinary Resolution 5
Description To appoint Messrs Deloitte PLT as the new Auditors of the Company in place of Messrs RSM Malaysia who is retiring as Auditors of the Company, and to authorise the Directors to fix the new Auditors' remuneration.
Result Accepted

6. Ordinary Resolution 6
Description Authority to allot shares pursuant to Sections 75 and 76 of the Companies Act, 2016
Result Accepted

7. Ordinary Resolution 7
Description Proposed renewal of authority for the Company to purchase its own shares
Result Accepted

8. Ordinary Resolution 8
Description Proposed new shareholders' mandate for recurrent related party transactions of a revenue or trading nature
Result Accepted

9. Special Resolution 1
Description Proposed amendments to the Constitution of the Company
Result Accepted

Announcement Info
Company Name ARB BERHAD
Stock Name ARBB
Date Announced 21 Apr 2021
Category General Meeting
Reference

Posted by goodiewilly > 2021-04-21 19:04 | Report Abuse

Interesting to read the announcement today, 40 shareholders representing 99% of the shares of the company.
In this forum, all talking for fund with no share?

Posted by goodiewilly > 2021-04-21 19:06 | Report Abuse

41 shareholders representing 100% of shares of the company.
Today the play was the 41 shareholders who threw left and right

Posted by Navigation7 > 2021-04-21 20:04 | Report Abuse

7. Ordinary Resolution 7 (ARBB)
Description Proposed renewal of authority for the Company to purchase its own shares
Result Accepted

EXCEL FORCE MSC BERHAD ("EFORCE" or "THE COMPANY")
- PROPOSED RENEWAL OF AUTHORITY FOR EFORCE TO PURCHASE ITS OWN ORDINARY SHARES ("PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY")

Posted by sausagex99 > 2021-04-21 21:54 | Report Abuse

Check supermax c1s

Posted by sten_still > 2021-04-22 00:06 | Report Abuse

one day up, other day down same like it gain. Pump and dump company

Posted by goodiewilly > 2021-04-22 08:19 | Report Abuse

Share base too big, Fatty Liew not aggressive in price up, perhaps he is still in the penny stock circles, has no motive to upgrade the company.
Despite Bloomberg and CNBC came out news as ARBB is one of the lowest undervalue Tech Stocks, with Deloitte namely the best Tech stock in Malaysia, the prices are moving in opposite directions.
If these stock is in US Nasdaq, its already surge at least 300% overnight..
Look at Bursa, no foreign investors presence, just depends on few institutions n sharks, ARBB be forever penny stocks, until one fine days, foreign fund come in.

Posted by Ifahjais > 2021-04-22 10:00 | Report Abuse

It was trading below .35 for the longest time. Then it was trading below .38 for the longest time. Now it looks like it will trade below .41 for the longest time...

If that's not an uptrend I don't know what's an uptrend.

Posted by Ifahjais > 2021-04-22 10:02 | Report Abuse

...trade below ,41 until the next quarterly report.

Anybody knows when's that? The next quarterly report?

Posted by Ifahjais > 2021-04-22 10:09 | Report Abuse

At this moment ARBB is in the most active (volume) list.

And it's plus sign from yesterday...

Posted by bosskufanboy > 2021-04-22 15:15 | Report Abuse

https://www.thesundaily.my/business/arb-involve-asia-in-deloitte-touche-s-list-AL7739406

Posted by bosskufanboy > 2021-04-22 15:17 | Report Abuse

https://www.digitalnewsasia.com/business/eight-sea-companies-made-deloittes-apac-technology-fast-500-index

Congrats to ARBB, ranking 1st among SEA & 72th at the 2020 Asia Pacific Technology Fast 500 index !

Posted by goodiewilly > 2021-04-22 15:23 | Report Abuse

Buy on 15 May n wait till 31 May - 5 June.
If superb QR announced, I don't know when, could be 3rd or 4th week of May, then push to June lor
Blessed hard.
From now to 15 May, no Hari Raya Ang Pau as Fatty Liew remains in penny stock circles and no intention to upgrade his counters.
Ageson, super undervalued, like old cock cannot move

Posted by bosskufanboy > 2021-04-22 15:43 | Report Abuse

both company are indeed super undervalue, and getting more traction soon, which are good news to the company

Posted by Ifahjais > 2021-04-22 15:54 | Report Abuse

But it can "defend" it's own share price (need less money to defend).

Posted by MingGoon > 2021-04-22 15:56 | Report Abuse

those who has ARBB now...
collect & collect
when the digital trend start blowing this way again.
ARBB will be laughing to the bank

Posted by goodiewilly > 2021-04-22 15:57 | Report Abuse

But Fatty Liew have appetite with penny stock circles Dato Sr n Dato friends only, so he remains in that circle. Until one day he meet up some Tan Sri Dato Sri etc who enlighten him on goodness of billionair club, otherwise like Ifasjais said till next QR, or longer longer times, the most will be 41 cents lor.
If foreign funds can buy heavily, I think they will. But everyday is left to right without big motives in price to comfort shareholders then it stays below 0.40 for another month, hopefully no MONTHS

Posted by MingGoon > 2021-04-22 15:57 | Report Abuse

now you think is Glove trend...
but it is not sustainable...
Now is like kind of no trend...

Posted by MingGoon > 2021-04-22 15:57 | Report Abuse

Digital trend start...
ARBB will go TM0.8

Posted by Ifahjais > 2021-04-22 15:59 | Report Abuse

For example, today. You notice huge buy queues? That's probably ARBB company queuing to buy. This is to ensure a "sane" market for ARBB shares, when sharks are selling (pushing the price down by selling to the buy queues).

If ARBB does not place huge orders to buy (queue), the price will ding dong like yoyo.

Posted by Ifahjais > 2021-04-22 16:06 | Report Abuse

The company is not interested, cannot, must not, push up it's share price but it can and should, try to keep the market for it's share price, calm.

I can see ARBB the company doing just that... keeping the market for it's share price calm.

Posted by Ifahjais > 2021-04-22 16:08 | Report Abuse

If you know and understands this, you can make your trading strategy even more effective.

I'm other words... make more money from trading ARBB shares.

Posted by gozilla88 > 2021-04-22 16:13 | Report Abuse

low pe = low quality company buy JCY better upside

Posted by eye2eye > 2021-04-22 16:19 | Report Abuse

0.345 is strong support before could fly.....
https://www.klsescreener.com/v2/news/view/818927

Posted by hoot9eonly > 2021-04-22 16:55 | Report Abuse

@happyday123

Depends on your current cash flow. If you stuck high a bit and not urgent on cash flow then wait ko. I'm very positive to arbb all time and they started to doing better and better now.

Posted by Lee Wl > 2021-04-22 20:16 | Report Abuse

why No dividend given?

Posted by goodiewilly > 2021-04-22 20:17 | Report Abuse

@happyday123
be happy, latest my end of May, your face sure shows how happy you are

Posted by goodiewilly > 2021-04-22 20:26 | Report Abuse

High growth company never give dividend. Only old man counter, no more growth, you will receive dividend

Posted by alibaba13131 > 2021-04-22 22:04 | Report Abuse

FOR SPECULATOR YES THIS IS A BAD COUTER, BUT FOR VALUE INVESTOR, IT'S A GOOD COMPANY. AS LONG AS YOU BELIEVE THE COMPANY PERFORMANCE, JEWEL WILL SHOWN 1 DAY.

Posted by speakup > 2021-04-22 22:15 | Report Abuse

https://klse.i3investor.com/blogs/hgedessmond/2021-04-22-story-h1564078207-Are_You_Still_Denying_This_Company.jsp

Posted by Fundamentaler > 2021-04-22 22:28 | Report Abuse

https://www.theedgemarkets.com/article/govt-approves-national-economic-strategic-roadmap-20-%E2%80%94-mustapa

Posted by Fundamentaler > 2021-04-22 22:32 | Report Abuse

https://www.nst.com.my/business/2021/04/684095/arb-bhds-tops-2020-asia-pacific-technology-fast-500-index

Posted by Fundamentaler > 2021-04-22 22:32 | Report Abuse

Company fair value is rm2.. follow current trend..

Posted by alibiii > 2021-04-24 13:39 | Report Abuse

Look at the receivables. Another Megan media?

Posted by goodiewilly > 2021-04-24 17:05 | Report Abuse

Google, Microsoft, Facebook and Amazon = 4 co
censof ? tepi jalan lar

Posted by goodiewilly > 2021-04-24 17:15 | Report Abuse

Was a very short meeting with summarised Q&A session. I hope they can answer every question like EcoWorld International. But they understand the concerns on receivables and will improve on it. Hope to see more good news going forward

re quote WARCHEST above

Posted by alibiii > 2021-04-24 22:03 | Report Abuse

Over 50% or 120mil of the company asset is receivable, no red flag?

Posted by alibiii > 2021-04-24 22:11 | Report Abuse

U may want to Google what happened to London biscuits a couple of year ago

Posted by OOMMGG > 2021-04-25 09:10 | Report Abuse

Arbb is net cash company not like a London biscuit which is high debt, negative cash flow where it needs to get loan from bank to sustain its operation.

Arbb has high receivable too as mainly it is putting a lot monies into JV. The JV is still at early stage it is too early to jump to any conclusions. Take note also it’s revenue increase a lot in last quarter in tandem with increase of receivable. Well we need to keep an eye on this but this need not become the only factor for comparison with London biscuit at this moment.

Bare in mind that London biscuit revenue dropped year to year but its receivables kept increasing year per year and double up in 5 years with very little or almost no written off.

Half of receivable of Arbb is in the age of 6 to 7 months. it is not warranted for write off yet. Just keep monitoring it. Be rational not to jump it and 100% liken it to London Biscuit. There is a lot discrepancies between both.

Posted by OOMMGG > 2021-04-25 09:20 | Report Abuse

Arbb is asset light company ( involve in ERP, software and IoT) not like London biscuit which need huge capital to buy machine and setup factory to produce biscuit. The joint venture of Arbb has seen increasing in receivable and make it become huge percentage in total asset due to its business nature of light asset as mentioned above

Posted by OOMMGG > 2021-04-25 09:27 | Report Abuse

London biscuit defaulted due to unable to pay back the bank loan. This then triggered into liquidation.

Posted by Ifahjais > 2021-04-25 10:02 | Report Abuse

Avoid high debt negative cash flow companies because they can "go under" very quickly.

If ARBB debts start to pile up and cash flow starts to deteriorate, I'll be the first to dump my ARBB shares.

Posted by Ifahjais > 2021-04-25 10:03 | Report Abuse

Similarly if they start making "provisions for bad debts" I'll dump the shares.

Posted by OOMMGG > 2021-04-25 10:08 | Report Abuse

Arrb VS London biscuit

Net cash position with more cash added from coming conversion of ICPS VS high debt and operation sustained by borrowing bank loan which finally lead to default and liquidation

Receivable not warranted for write off yet VS receivables warranted for write off but it almost not happen due to mismanagement

High receivable increase in tandem with increase of revenues and due to new joint venture VS revenue drop but receivable kept increasing over the years

Posted by influenza19 > 2021-04-25 13:13 | Report Abuse

I would wait for next QR, if the trade receivable keep piling up and there no improvement with net cash (meaning company cannot collect some of the trade receivable)... I would be worried. Need to reflect on my investment in this counter.

Posted by OOMMGG > 2021-04-25 17:46 | Report Abuse

Anyone joined AGM last week and question about receivables in details?

Half of receivable now categorised under non current asset. If all of this non current receivable coming from joint venture?Anyone channeled similar question to management during last week AGM?

Posted by hoot9eonly > 2021-04-26 11:11 | Report Abuse

https://klse.i3investor.com/blogs/hogtechnical/2021-04-26-story-h1564139644-Technical_Update_for_ARB_Berhad_7181.jsp