AwanBiru Technology Bhd

[winston]

not vested

Feb 19, 2021

Google Cloud, Awantec to support govt agencies

KUALA LUMPUR: Google Cloud fully empanelled to provide its cloud services to the Malaysian public sector agencies in support of their digital transformation initiatives and in line with the government Economic Transformation Plan.

Google Cloud and local partner AwanBiru Technology Bhd's (Awantec) subsidiary, Prestariang Systems, 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).

The appointment is for the provision of Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS) and Anything as a Service (XaaS) for the next three years from 2021 to 2023.

Source: NST

https://www.nst.com.my/business/2021/02 ... t-agencies

[winston]

not vested

Expecting a weaker 2HFY21

1HFY6/21 results were in line, as the group posted narrowing losses in the quarter following the removal of its loss-making education division.

However, we see weaker earnings in 2HFY21F, following the termination of its role as a Microsoft channel partner effective Jan 2021.

Retain Reduce with a higher RM0.60 TP, based on 2.7x CY22F P/BV.

Source: CIMB

https://rfs.cgs-cimb.com/api/download?f ... DAD4321E51