AWANBIRU TECHNOLOGY BERHAD

KLSE (MYR): AWANTEC (5204)

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Last Price

0.31

Today's Change

0.00 (0.00%)

Day's Change

0.305 - 0.31

Trading Volume

76,400


27 people like this.

27,504 comment(s). Last comment by Income 2 weeks ago

probability

14,497 posts

Posted by probability > 2021-02-19 20:44 | Report Abuse

Apa khabar semua? I hope you all are in the best of health, insya-Allah.

1. First of all, let us express our gratitude to Allah Subhanahu Wata’ala because with His permission, we are here, virtually, together at this launching ceremony of MyDIGITAL and the Malaysia Digital Economy Blueprint this fine morning.

Ladies and Gentlemen,

2. The digital wave continues to affect the global community, reaching a scale that has never been achieved before and has completely changed the lifestyles of most communities all over the world. If we were to look back just five years ago, there were endless changes we can see in various and long-ranging aspects. Whether in terms of the way we interact with each other, the way we learn, doing business, and even the way we monitor our personal health, everything is very different and has changed with the touch of technology. Advanced technologies such as artificial intelligence (AI), internet of things (IOT) or big data analytics and blockchain; all of them have changed the patterns of the world’s economy and the way of life of modern society.

3. The role of digital technology is evident, especially, since a year ago following the outbreak of the COVID-19 pandemic which has led to tough, difficult challenges facing all countries to continue business as usual. It has never been clearer that technology is a convenient tool for advancement in the best of times, and an essential tool of survival during the most challenging of crises.

4. The mastery of digital technology is also key for our country to overcome productivity limitations, hence, upgrading the Malaysian economy. The ability to seize opportunities emerging from innovative technologies and business models, plays an important role in driving new engines of the country's economic growth.

Ladies and Gentlemen,

5. The MyDIGITAL initiative aims to empower every Malaysian, from Perlis to Sabah, to improve their lives in all aspects. Among others, it includes ideas and plans to improve digital literacy, creates high-income jobs, makes banking and finance business easier and more organized, provides virtual educational access to our children and brings medical facilities to remote towns.

6. It also serves as a digital transformation direction plan that is able to drive the business sector to compete on the global arena by enhancing expediency and efficiency of their operations.
Ladies and Gentlemen,

7. As a caring and responsive government, today, I would like to announce the MyDIGITAL initiative which includes the Malaysia Digital Economy Blueprint. This initiative will complement the national development policies such as the Twelfth Malaysia Plan (12MP) and the Vision for Shared Prosperity 2030 (WKB 2030).

8. MyDIGITAL sets out a combination of initiatives and targets across three phases of implementation until the year 2030;

i) By 2025, the digital economy is expected to contribute 22.6 percent to the country's Gross Domestic Product (GDP).
ii) At the same time, the plan also aims to provide 500,000 job opportunities in the digital economy.
iii) The government also encourages 875,000 micro, small and medium enterprises to accept the use of e-commerce.
iv) In addition, these initiatives under the auspices of MyDIGITAL also serve as catalysts for 5,000 start-up companies to begin their operations in the next five years.
v) These initiatives will be the starting point to attract new investments worth RM70 billion in the digital sector, from within and outside the country.
vi) The government is also targeting for the level of productivity of the economic sector to increase by 30 percent higher than what that has been achieved today, by 2030.
vii) For the public sector, all agencies will provide cashless transaction facilities as the main option by 2022.

Ladies and Gentlemen,

9. To accelerate innovation and create an effective digital ecosystem, four important types of digital infrastructure under MyDIGITAL need to be built first. Development efforts will be jointly undertaken by the Government and the private sector where the latter will share in contributing towards capital fund and expertise;

10. Firstly, a total of RM21 billion will be invested over the next five years through the National Digital Network (JENDELA) project to strengthen the existing connectivity. This fixed line optical fibre network will cover almost 100 per cent populated areas in stages - from 7.5 million premises by the end of 2022 to 9 million premises by the end of 2025. Based on this wider fibre optic network coverage, this country will be better prepared to switch to fifth generation cellular networking technology (“5G”) in the near future.

probability

14,497 posts

Posted by probability > 2021-02-19 20:45 | Report Abuse

11. Secondly, a total of RM1.65 billion will be invested by several telecommunication companies to strengthen connectivity to the international submarine cable network until the year 2023. This will open up more space for faster and more stable international data transfer, thus lowering internet costs to consumers in Malaysia.

12. Thirdly, a total of RM15 billion will be invested over a period of ten years for the implementation of 5G nationwide. This will create approximately a total of 105,000 job opportunities. This effort will be carried out by a special purpose vehicle under the Malaysian Government. This entity will then be given the appropriate spectrum to own, implement and manage the 5G infrastructure.

Gooner82

692 posts

Posted by Gooner82 > 2021-02-19 20:45 | Report Abuse

15bilion divide by 4 for 3 years.
Hopefully awantec will give chance those who missed or took profit today to enter on dip on mondAy ;)

probability

14,497 posts

Posted by probability > 2021-02-19 20:45 | Report Abuse

13. Insya-Allah, all licenced telecommunication companies will have equal access to these infrastructure, in marketing their 5G services to their customers. This infrastructure cost-sharing enables telecommunication companies to generate higher returns and, in turn, provide better and cheaper 5G services to consumers. This situation will boost the use of 5G, thus enhance economic capability in triggering more product and service innovations.

14. So, by the end of this year, 5G technology will start to be enjoyed by the rakyat in stages. With this, Malaysia will emerge as one of the first countries in this region to build a 5G ecosystem using internet and cloud services in real-time to enable instant sharing of information.

15. Just imagine - this 5G technology will serve as a game changer as more smart services with direct impact will be made available for the well-being of the people. This 5G technology not only promises better and faster internet access, but more importantly, it also enables various important applications to be in the hands of end-users, including health monitoring applications for chronic patients, smart emergency assistance, and special applications for senior citizens who are living alone.

16. Fourth, between RM12 billion and RM15 billion will be invested by Cloud Service Provider (CSP) companies over the next five years. Here, I am pleased to announce that the government has so far given conditional approvals to four CSP companies - Microsoft, Google, Amazon and Telekom Malaysia - to build and manage hyper-scale data centres and cloud services. This hyper-scale data centres as well as hybrid cloud services will be created to increase data storage space, thus reducing operating costs and improving analytical efficiency.

17. In addition, the government has also proposed the appointment of three local ICT companies as Manage Service Providers (MSP) to work with CSPs to manage their services to agencies in the public sector. This is in line with our intentions to strengthen the capabilities of local companies. The three companies are Enfrasys Solutions Sdn. Bhd, Prestariang Systems Sdn. Bhd and Cloud Connect Sdn. Bhd.

18. As part of the measures to empower cloud computing services in the public sector, the government, through its Cloud First strategy, has targeted the migration of 80 per cent of public data to hybrid cloud systems by the end of 2022. In addition, for a more effective and smooth data collection and management, this strategy also helps to reduce government costs in information technology management in the long run. All these Cloud services will allow Big Data, AI, IoT and other applications to be utilized to enhance and strengthen government services.

Ladies and Gentlemen,

19. The construction of this digital infrastructure forms the backbone for a sustainable digital ecosystem. This ecosystem serves as the key engine of growth towards sustainable economy. The government will continue to help strengthen this new ecosystem through various ways, including:

i) by creating a regulatory environment that can support digital use while protecting the privacy of citizens;
ii) by administering public data resources so that they can be jointly utilized by public and private organizations, and;
iii) by facilitating the evolution of labour market in potentially disruptive industries through automation and digital technology.

20. Therefore, we will ensure that digital companies involved with the government, will work hard to help Malaysians improve on their digital skills. These companies, among others, will also collaborate with local universities to establish the Faculty of Artificial Intelligence, and to work with the government to carry out employees’ skills improvement programs.

21. Cyber and data ?security are definitely among the government’s main focus in realizing the vision for a nation of digital technology. Public data will be handled sparingly based on security standards set by the government through the implementing agency, the National Cyber ??Security Agency (NACSA). Here I would like to assure you that the Government is very committed in monitoring the security of the data management system to avoid any future cyber threats.

probability

14,497 posts

Posted by probability > 2021-02-19 20:46 | Report Abuse

Ladies and Gentlemen,

22. I would like to emphasize here that the MyDIGITAL initiative through the Malaysia Digital Economy Blueprint is a nationwide approach plan. In the face of future digital ecosystems, all stakeholders need to adapt as soon as possible to face whatever arising challenges in a connected nation.

23. Finally, I hope all Malaysians will take full advantage of this digital technology and be bold enough to face the process of transition towards achieving digital economy. Although the public and private sectors may play distinctly different roles, we must remain consistent and in tune. I'm confident that a policy framework encompassing the formation of infrastructure, detailing all regulations as well as facilitating the formation of ecosystems, can determine the direction the country needed to realize this digital vision.

24. With Bismillahirrahmanirrahim, I hereby launch the MyDIGITAL initiative and the Malaysia Digital Economy Blueprint.

OngKawKaw

3,283 posts

Posted by OngKawKaw > 2021-02-19 20:57 | Report Abuse

WALAO. KOPI AND PASTE? LET US READ THE IMPORTANCE PART LAH...

probability

14,497 posts

Posted by probability > 2021-02-19 21:06 | Report Abuse

https://www.soyacincau.com/2021/02/19/mydigital-malaysia-most-submarine-cable-landings-2025/

The Prime Minister has announced today that four cloud service providers, namely Microsoft Google, Amazon and TM have been given conditional approvals to build and manage hyper-scale data centres and cloud services. Between RM12 to 15 billion will be invested over the next 5 years.

BestOne

323 posts

Posted by BestOne > 2021-02-19 21:32 | Report Abuse

Fly high fly fly on Monday to 2 ringgit.. why not?

Hero76

397 posts

Posted by Hero76 > 2021-02-19 21:38 | Report Abuse

Monday LU 1.53...Tuesday LU RM1.99...hold our ticket, don't sell to make it possible for LU.

Posted by bearcomebullgone > 2021-02-19 21:44 | Report Abuse

to the mooooooooooooooooooon lets goooooo limit up is possible

ejokz

61 posts

Posted by ejokz > 2021-02-19 21:50 | Report Abuse

Today..traders n investor still dont get the news...bcause PM said prestariang......imagine by saturday n sunday they all noticed that prestariang is awantech...another high?

Hero76

397 posts

Posted by Hero76 > 2021-02-19 22:02 | Report Abuse

The cloud computing services provider, together with its local partner Prestariang Systems, a wholly-owned subsidiary of AwanBiru Technology Bhd (Awantec), have been selected to support Government agencies with Google Cloud Platform and Google Workspace after an evaluation by the Malaysian Administrative Modernisation and Management Planning Unit (MAMPU).

Posted by onthewaytoforbes > 2021-02-19 22:20 | Report Abuse

ejokz, i think next time PM need to mention stock code as well i.e. 5204 hahaha

OngKawKaw

3,283 posts

Posted by OngKawKaw > 2021-02-19 22:47 | Report Abuse

HEADING TO RM2 OLE OLE OLE....

GuguGaga

115 posts

Posted by GuguGaga > 2021-02-19 22:52 | Report Abuse

Another 2 companies other than awantech, not in the bursa?

stevenckheng

1,351 posts

Posted by stevenckheng > 2021-02-19 22:56 | Report Abuse

Posted by GuguGaga > Feb 19, 2021 10:52 PM | Report Abuse

Another 2 companies other than awantech, not in the bursa?

not listed, but can find out if they are subsidiary of any listed company

lee_m2020

4,828 posts

Posted by lee_m2020 > 2021-02-19 22:57 | Report Abuse

Each of those companies not in competing position but to realise the big picture framework n infrastructure...

MonkeyFoo

265 posts

Posted by MonkeyFoo > 2021-02-19 22:59 | Report Abuse

之前丁丁颁发35亿合约给希盟破坏了,现在丁丁做首相肯定要好好照顾儿子的公司

lee_m2020

4,828 posts

Posted by lee_m2020 > 2021-02-19 23:04 | Report Abuse

lee_m2020 The highest peak ever by AWANTEC was at MYR2.785.. This 12-15bil worth could propel much more... given the participation of several global cloud tech giants...

--------------------------------------------------------------
OngKawKaw HEADING TO RM2 OLE OLE OLE....
19/02/2021 10:47 PM
19/02/2021 10:59 PM

Hero76

397 posts

Posted by Hero76 > 2021-02-19 23:05 | Report Abuse

TP RM6 year end

probability

14,497 posts

Posted by probability > 2021-02-19 23:10 |

Post removed.Why?

probability

14,497 posts

Posted by probability > 2021-02-19 23:13 |

Post removed.Why?

GuguGaga

115 posts

Posted by GuguGaga > 2021-02-19 23:13 | Report Abuse

Thanks stevenckheng. Will try to find out the info.

probability

14,497 posts

Posted by probability > 2021-02-19 23:17 |

Post removed.Why?

OngKawKaw

3,283 posts

Posted by OngKawKaw > 2021-02-20 00:28 | Report Abuse

LOOK FORWARD..

Posted by Michael Yeo > 2021-02-20 01:02 | Report Abuse

Prestariang got it. But did not know it is subsidiary of Awantec. How much upside being a technology counter?
Absolutely promising and probably target price of RM2.00 - RM2.50 is within reach next week or two.

anthonytkh

1,802 posts

Posted by anthonytkh > 2021-02-20 01:23 | Report Abuse

Awantec was called Prestariang before change of name. Good to know a lot of newbies coming into Awantec

Btw Awantec and Serbadk are friendly parties. Please dig and you will know

Cheers!

anthonytkh

1,802 posts

Posted by anthonytkh > 2021-02-20 01:41 | Report Abuse

Long term investors will all be very very happy. And if they exercised their rights when offered at 0.200 a few months ago then they are laughing all the way to the bank. They will not sell. I know a few of them. They believe in the company

Hero76

397 posts

Posted by Hero76 > 2021-02-20 07:15 | Report Abuse

Cheaper entry thru AWANTEC-WA...maturity in 2025!..higher gain..possibly reach RM1.7- RM2.2 in week or two if mother at RM2-2.5
.look at DNEX-WD more reward than mother..

TedTock

926 posts

Posted by TedTock > 2021-02-20 09:43 | Report Abuse

I think many retailers were not aware yesterday that prestariang is directly linked to awantec

lee_m2020

4,828 posts

Posted by lee_m2020 > 2021-02-20 10:42 | Report Abuse

we has been in prestariang since it was below 0.30.. up n down.. change name recently to awantec eventually come to know behind he name is big new role is coming...

lee_m2020

4,828 posts

Posted by lee_m2020 > 2021-02-20 10:42 | Report Abuse

awan teknologi is cloud technology

lee_m2020

4,828 posts

Posted by lee_m2020 > 2021-02-20 10:44 | Report Abuse

congrats to awantec followers..anyway better late than never..

Posted by weisheng1998 > 2021-02-20 10:45 | Report Abuse

er.. dint mention mean can be yes or no, wait project come out first haha

jonest

13 posts

Posted by jonest > 2021-02-20 13:55 | Report Abuse

weisheng1998 er.. dint mention mean can be yes or no, wait project come out first haha
20/02/2021 10:45 AM

haven't announce already reached rm1.24, imagine when they betul2 got it? RM2- RM2.5?

lee_m2020

4,828 posts

Posted by lee_m2020 > 2021-02-20 14:10 | Report Abuse

By 2022:

......
80% of the public sector to use cloud storage;
........

-----

https://www.theedgemarkets.com/article/malaysia-launches-digital-economy-blueprint-catch-digitalisation-race

JohnFarmer458

1,797 posts

Posted by JohnFarmer458 > 2021-02-20 15:05 | Report Abuse

22-26 FEB GEM to look out for

Tawin
Esceram
PEB
Dnex
Revenue
Iris
Datasonic
Awantech

Uk_ikzer

346 posts

Posted by Uk_ikzer > 2021-02-20 16:13 | Report Abuse

This is real guys. Big thing will come!!!! Just hold..

Cyrogx6

183 posts

Posted by Cyrogx6 > 2021-02-20 16:19 | Report Abuse

Monday Limit up !

TedTock

926 posts

Posted by TedTock > 2021-02-20 16:36 | Report Abuse

I guess there will be a long queue at the door on Monday

ejokz

61 posts

Posted by ejokz > 2021-02-20 17:40 | Report Abuse

Lot of retailer dunt know prestariang is awantech....even my colleage asking me ...mplus dun have company name prestariang...until i xplain prestariang is awantech.....this weekend all retailer n sifu talk about this news....

Posted by Freshbull > 2021-02-20 19:18 | Report Abuse

Gogogo

money888

430 posts

Posted by money888 > 2021-02-20 19:21 | Report Abuse

limit up!

money888

430 posts

Posted by money888 > 2021-02-20 19:35 | Report Abuse

"AwanTec unit seeks up to RM922m in damages after govt unilaterally terminated SKIN contract"

AwanTec market cap as of now is RM931M.

If get this compensation from government, it is about RM1/share !!

That means, the share price of RM1.18 right now, RM1 is cash! you only pay 18sen only!

With this cloud business contract + compensation, RM1.18 is way too undervalue for Awantec.

Buy before too late! Gogogo!

BestOne

323 posts

Posted by BestOne > 2021-02-20 22:00 | Report Abuse

Gogogo.... Monday will be hot!!

Hamsip

50 posts

Posted by Hamsip > 2021-02-20 22:40 | Report Abuse

No sell the news. Dont be trapped

TedTock

926 posts

Posted by TedTock > 2021-02-20 23:22 | Report Abuse

All stocks are traps and must sell kah? You’re repeating this message everywhere.

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