AWANBIRU TECHNOLOGY BERHAD

KLSE (MYR): AWANTEC (5204)

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Last Price

0.21

Today's Change

-0.015 (6.67%)

Day's Change

0.20 - 0.225

Trading Volume

8,682,000


26 people like this.

27,268 comment(s). Last comment by PepGuardiola 6 hours ago

EVO118

2,012 posts

Posted by EVO118 > 2023-09-05 16:16 | Report Abuse

Don't wait for the news buy on rumour, sell when news is out.

EVO118

2,012 posts

Posted by EVO118 > 2023-09-05 16:18 | Report Abuse

CEO buying.

EVO118

2,012 posts

Posted by EVO118 > 2023-09-06 10:39 | Report Abuse

Market Cap 209 million.
NOSH 790 million

Posted by AmmarSyahiran > 2023-09-06 14:43 | Report Abuse

heheheheehe surpise

jojo85

434 posts

Posted by jojo85 > 2023-09-08 00:20 | Report Abuse

R1: 0.3
R2: 0.325
R3: 0.355

Fklim888

1,613 posts

Posted by Fklim888 > 2023-09-08 09:21 | Report Abuse

awantec fly 50 cent....or...

Posted by AmmarSyahiran > 2023-09-08 09:51 | Report Abuse

good news on friday?

Posted by PepGuardiola > 2023-09-08 15:46 | Report Abuse

Awantec get approval? By next Monday or this month will be announce

Abba84

973 posts

Posted by Abba84 > 2023-09-09 11:54 | Report Abuse

How d u know,any evidence - lamno?

EVO118

2,012 posts

Posted by EVO118 > 2023-09-12 16:44 | Report Abuse

For news, come back on the 27 Oct.

Posted by AmmarSyahiran > 2023-09-13 09:13 | Report Abuse

waste time

Posted by badaksumbu > 2023-09-13 15:19 | Report Abuse

Jatuh mendadak . Harap2 takde brita yang tak baek .

Posted by badaksumbu > 2023-09-13 15:23 | Report Abuse

Memang susah untuk buat ramalan . Ari tu naik sampai 28 sen . Ingat akan cecah 30 sen tapi turun balik 23 sen . Pening2

Posted by Wintogether > 2023-09-13 15:39 | Report Abuse

Bursa confirmed rejected appeal of Awantec.

Posted by badaksumbu > 2023-09-13 15:50 | Report Abuse

Kalau appeal reject Awan tak akan sekadar jatuh ke 24 sen .

Posted by Wintogether > 2023-09-13 16:17 | Report Abuse

Better sell now before too late.

fl888

7,518 posts

Posted by fl888 > 2023-09-21 09:00 | Report Abuse

Tomorrow got good or bad news….delisting yes or no ?

CatRebound

214 posts

Posted by CatRebound > 2023-09-21 15:23 | Report Abuse

Put no hope... revenue too small... business model unlike before ...

fl888

7,518 posts

Posted by fl888 > 2023-09-22 09:28 | Report Abuse

World market red like Hell…Awantec green…good news coming…

fl888

7,518 posts

Posted by fl888 > 2023-09-22 10:02 | Report Abuse

Hope PMX in US get back Microsoft deals for Awantec…

Posted by GoldmanSach > 2023-09-22 10:08 | Report Abuse

When a company is taken off Bursa Malaysia because it has an inadequate level of business to justify its listing, the affected parties are the minority shareholders. They are forced into a position of disadvantage because an unlisted entity does not come under the oversight of a body such as Bursa or the Securities Commission Malaysia (SC).

For example, the minorities of Nylex (Malaysia) Bhd and Awanbiru Technology Bhd (Awantec) saw 50% of the paper wealth of their investments in these companies wiped out last week. This was after Bursa rejected the appeals of the companies for an extension of time to submit a regularisation plan to get a core business.

Awantec has been without a core business to sustain its operations since December 2020 after Microsoft terminated its membership of the partner network. This was a second setback for Awantec, previously known as Prestariang Bhd.

In December 2019, the Pakatan Harapan government terminated the company’s 15-year concession to design and maintain a new immigration border system. Awantec is seeking compensation of up to RM922 million for the termination. The suit is still pending.

Also, Awantec, through its subsidiary Prestariang Sdn Bhd, is one of the three companies with the mandate to manage the migration of government data to the cloud.

As for Nylex, it has been without a core business since January last year after it disposed of its assets and liabilities to Ancom Bhd in a merger exercise. Nylex is an empty shell without any core business at the moment.

Nevertheless, it is supposed to be the vehicle for a proposed light rail transit (LRT) system to be built in Johor.

Neither Awantec nor Nylex is financially distressed. The issue at hand is that the companies do not have an adequate level of business to continue as listed entities.

In this respect, the boards have the fiduciary duty to cast their net wide to help the companies get a core business to fulfil Bursa’s requirement. If they are unable to get a core business, the losers will be the minorities. And the boards should be brought to task.

The regulators should protect the minorities. But by delisting the companies, they are doing just the reverse.

fl888

7,518 posts

Posted by fl888 > 2023-09-25 23:51 | Report Abuse

Why so hard for KLSE to reply Awantec reply dated 23l8l23…..yes or no only ?

fl888

7,518 posts

Posted by fl888 > 2023-10-09 11:28 | Report Abuse

Operators very generous….looks like giving people a last chance to buy >26cts….

fl888

7,518 posts

Posted by fl888 > 2023-10-09 15:47 | Report Abuse

Oct 27 legal suit cum Arbitration with Government of Malaysia for RM922 million..plus KLSE approval for waiver of RP like Catcha coming…Awan wil be like a cloud in the sky../

Posted by GoldmanSach > 2023-10-09 15:47 | Report Abuse

Waooo. My Awantec finally come. Bursa extend the time to submit regulation plan ?

EVO118

2,012 posts

Posted by EVO118 > 2023-10-09 16:04 | Report Abuse

Insider information?

fl888

7,518 posts

Posted by fl888 > 2023-10-09 16:14 | Report Abuse

Confirm…big announcement coming anytime but when. ?

Posted by GoldmanSach > 2023-10-10 09:16 | Report Abuse

OTHERS AWANBIRU TECHNOLOGY BERHAD ("AWANTEC" OR "THE COMPANY") - PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY ("PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY")

fl888

7,518 posts

Posted by fl888 > 2023-10-10 09:38 | Report Abuse

buy on rumours, sell when news out .....!!! wait for another rumours to buy...

fl888

7,518 posts

Posted by fl888 > 2023-10-11 10:36 | Report Abuse

OCt 27….got rumours again….buy now….sell on or before Oct 27

Posted by Iamnotasifu > 2023-10-12 23:34 | Report Abuse

Awantec going to RM1.5?

fl888

7,518 posts

Posted by fl888 > 2023-10-13 10:04 | Report Abuse

Nylex is green now sign got approval from KLSE.....Awantec should get approval also.....

fl888

7,518 posts

Posted by fl888 > 2023-10-13 10:43 | Report Abuse

Buy warrant now as expiry 2025....consider cheap..

fl888

7,518 posts

Posted by fl888 > 2023-10-13 11:00 | Report Abuse

Volume of transaction signify insider got info of KLSE reply and OCT 27 arbitration with Govt of RM922 million suit ????

Posted by Wintogether > 2023-10-13 11:13 | Report Abuse

I think price surge becos of positive news.

fl888

7,518 posts

Posted by fl888 > 2023-10-13 21:13 | Report Abuse

RP extension granted to April 13, 2024……next booster will be RM922 million suit against the Govt on October 27…expecting amicable settlement..

Posted by Iamnotasifu > 2023-10-14 00:45 | Report Abuse

see u RM2 end of the year

speakup

25,050 posts

Posted by speakup > 2023-10-14 08:44 | Report Abuse

will be affected by SST naik 6% to 8%.

fl888

7,518 posts

Posted by fl888 > 2023-10-15 20:03 | Report Abuse

Awan biru..means blue sky…good omen tomorrow….should break 30cts easily…

fl888

7,518 posts

Posted by fl888 > 2023-10-16 09:36 | Report Abuse

But sell on news is KLSE modus operandi…

fl888

7,518 posts

Posted by fl888 > 2023-10-24 10:55 | Report Abuse

Can the Govt afford to pay the RM922 million to Awantec on Oct 27..?//

fl888

7,518 posts

Posted by fl888 > 2023-10-26 09:14 | Report Abuse

Hopefully an amicable settlement tomorrow for Awantec with PMX….

EVO118

2,012 posts

Posted by EVO118 > 2023-10-26 16:01 | Report Abuse

From Annual report.
Notes on financial statements. Section 8 page 209
"(b) Included in the trade receivables of the Group is an amount of RM182,798,000 (2022 - RM182,798,000) owing
by the Government of Malaysia (“GOM”) in relation to the development of SKIN Solution.
As disclosed in Note 43 to the financial statements, the termination of the SKIN Project took effect on
22 January 2019. The amount owing is expected to be recovered through legal claims from the GOM."

EVO118

2,012 posts

Posted by EVO118 > 2023-10-26 16:07 | Report Abuse

From AR page 8/255
The OS was heard before the High Court on 22 January 2021, 29 January 2021, 26 February 2021, 9 April 2021,
20 May 2021, 2 November 2021, 30 November 2021, 11 March 2022, 25 July 2023, 26 July 2023 and 27 October 2023.
The hearing of the OS is currently still ongoing.

11395861

392 posts

Posted by 11395861 > 2023-10-26 17:09 | Report Abuse

Sabar dan bertenang semua..tomorrow final countdown

Posted by AmmarSyahiran > 2023-10-27 10:55 | Report Abuse

ada apa harini

11395861

392 posts

Posted by 11395861 > 2023-10-27 14:44 | Report Abuse

Ammar Syahiran....awantech kena sembelih

fl888

7,518 posts

Posted by fl888 > 2023-11-02 08:42 | Report Abuse

For a win-win situation, Arbitration which is also ongoing for an amicable settlement will save both parties ,time and money…and embarrassment..

jojo85

434 posts

Posted by jojo85 > 2023-11-02 17:11 | Report Abuse

Gogo 40c

fl888

7,518 posts

Posted by fl888 > 2023-11-03 08:27 | Report Abuse

Hope Govt do not try and wriggle their way out of the Trade Receivables of RM182,798 billed by saying corruption or defective ,etc in the billings..settle amicably..what is the reason for termination of SKIN ?

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