Author Topic: ARB Berhad  (Read 103 times)

Offline gabriel_88

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ARB Berhad
« on: May 30, 2019, 02:14:19 PM »
https://www.theedgemarkets.com/article/arb-bags-rm18m-job-proposed-iot-lifestyle-development-perak

ARB bags RM18m job for proposed IoT lifestyle development in Perak

KUALA LUMPUR (May 29): ARB Bhd, formerly known as Aturmaju Resources Bhd, has bagged a contract worth RM18 million to provide the Internet of Things (IoT) system and engineering, procurement, commissioning and management services (IoT SEPTCM) for a proposed residential development in Perak.

In a stock exchange filing, ARB said its indirect wholly-owned unit Arbiot Sdn Bhd and IJV Ventures Sdn Bhd have inked a business contract to carry out the project.

The development is located in Mukim Belanja in the Kinta District, and comprises 130 units of single storey terrace houses, to be developed into an IoT technology lifestyle residential development project.

Under the deal, IJV Ventures shall be responsible to obtain the requisite approvals from the appropriate authorities prior to the commencement of works in relation to the development.

The development, which will sit on a land measuring 16.43 square meters, has an estimated gross development value of RM31.1 million.

"The business contract will serve as a platform for Arbiot to provide IoT SEPCM services to IJV, [and] to manage the entire development project, which promote the concept of smart home system residential houses.

"The business contract is expected to contribute positively to the company's future earnings, earnings per share and enhance the consolidated net assets of the company," ARB said.

ARB shares closed two sen or 4.94% higher at 42.5 sen today, giving the company a market capitalisation of RM50.64 million. Year to date, the stock has jumped 48.3% from when it was trading around 29 sen.

 :clap: :clap: :clap:

Offline gabriel_88

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Re: ARB Berhad
« Reply #1 on: May 30, 2019, 03:07:16 PM »
https://www.investingnote.com/posts/1453770 - RHB group analysis of ARB fair value is rm0.59 :clap:

Offline dan_koo

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Re: ARB Berhad
« Reply #2 on: May 30, 2019, 04:36:07 PM »
already secured haha, tmr will fly.

https://www.theedgemarkets.com/article/arb-secures-rm6043m-residential-development-iot-job

ARB secures RM60.43m residential development IoT job

KUALA LUMPUR (May 30): ARB Bhd, formerly known as Aturmaju Resources Bhd, said it has secured a RM60.43 million contract to carry out Internet of Things (IoT) systems, engineering, procurement, commissioning and management works for a proposed residential development at Shah Alam, Selangor.

In a filing today, the group said its indirect wholly-owned subsidiary Arbiot Sdn Bhd had accepted a letter of award (LoA) from Prinsiptek Corp Bhd's subsidiary Prinsiptek (M) Sdn Bhd to carry out the works.

The duration of the works will be for a period of 18 months from the date of the award, subject to any negotiation between both parties.

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ARB estimated a financial commitment of approximately RM20 million for the project, which will be funded via bank borrowings.

"The board is of the view that the LoA will not have any material effect on the issued share capital and substantial shareholders' shareholdings of the company as there is no issuance of new ordinary shares in the company.

"The LoA is expected to contribute positively to the company's future earnings, earnings per share and enhance the consolidated net assets of the company," said ARB.

ARB rose 3.5 sen or 8.24% to 46 sen during the noon market break, translating to market capitalisation of RM55.16 million.

Offline christine123

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Re: ARB Berhad
« Reply #3 on: June 05, 2019, 06:15:49 PM »
ARB Bhd has acquired 51% stake in C&M renewable energy. As per my knowledge, ARB Bhd’s wholly-owned subsidiary, ARB Development Sdn Bhd has entered into a sales and purchase agreement (SPA) to acquire a 51% sake in C& M Renewable Energy Technology Sdn Bhd (CMSB) for RM5.5mil.
CMSB will then charge UISB at an agreed solar charging rate or any revised solar charging rate, upon the solar energy generated by the Solar PV System.
Now, let's see where will this stakes occupancy will lead ARB Bhd to.




Offline dan_koo

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Re: ARB Berhad
« Reply #4 on: June 10, 2019, 12:04:47 PM »
https://klse.**********.com/blogs/klselim/210122.jsp
hong leong investment bank analysis

targeting RM0.51-0.605, followed by LT target of RM0.88, support will be at RM0.42-0.43, with a cut loss set around RM0.40   :thumbsup: :thumbsup:

Offline dan_koo

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Re: ARB Berhad
« Reply #5 on: June 10, 2019, 12:05:48 PM »
https://www.investingnote.com/posts/1471712
refer here..idk why ~ link cant be posted here