AWANBIRU TECHNOLOGY BERHAD
KLSE (MYR): AWANTEC (5204)
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Last Price
0.245
Today's Change
0.00 (0.00%)
Day's Change
0.24 - 0.245
Trading Volume
557,500
Overview
Market Cap
194 Million
NOSH
790 Million
Avg Volume (4 weeks)
6,623,657
4 Weeks Range
0.22 - 0.285
4 Weeks Price Volatility (%)
38.46%
52 Weeks Range
0.145 - 0.535
52 Weeks Price Volatility (%)
25.64%
Previous Close
0.245
Open
0.245
Bid
0.24 x 471,300
Ask
0.245 x 117,300
Day's Range
0.24 - 0.245
Trading Volume
557,500
Financial Highlight
Latest Quarter | Ann. Date
30-Jun-2023 [#4] | 28-Aug-2023
Next QR | Est. Ann. Date
30-Sep-2023 | 24-Nov-2023
T4Q P/E | EY
-30.95 | -3.23%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
0.22 | 1.09
T4Q NP Margin | ROE
-15.84% | -3.52%
Market Buzz
News and Blogs
Company Profile
Sector: TECHNOLOGY
Sector: TECHNOLOGY
Subsector: DIGITAL SERVICES
Subsector: DIGITAL SERVICES
Description:
AwanBiru Technology Berhad (formerly known as Prestariang Berhad) is a Technology and Talent Pioneer that has evolved from being Malaysia's largest ICT software and training service provider to a leading Technology and Talent Services Platform Innovator.
Discussions
25 people like this. Showing 50 of 26,926 comments
Bursa likely will reject the appeal for extension of time. Prepare for the worst. Counter suspend anytime.
1 month ago
Awantec will suspend until submit the regulation plan. Insider keep selling their holding in market.
1 month ago
Yesterday chased high ppls, face sharp loss. I think will drop back to 15sen soon.
1 month ago
Selalunya berapa lama bursa akan response on the reason Awantec kasi tu? pls share
1 month ago
Unaudited Financial Result Udah Keluar Utk 3rd Quarter . Untung 100 k . Seluruh tahun sampai 3rd Quarter masih rugi 6 juta . Masih ok saham ini . Karang tunggu bursa saja .
1 month ago
Nylex naik mendadak . Haizzzzz . Awan kami masih kat ICU . Apapun harap kan yang terbaek .
4 weeks ago
Is this another Serba in the making? Cook the books and maintain the fake facade until the compensation matter is resolved? Lotsa sick and dying companies in Bursa at the moment.
3 weeks ago
Memang susah untuk buat ramalan . Ari tu naik sampai 28 sen . Ingat akan cecah 30 sen tapi turun balik 23 sen . Pening2
2 weeks ago
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.
1 week ago
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