Prestariang

Re: Prestariang

Postby winston » Fri Jan 13, 2017 10:43 am

not vested

Rising to the clouds

Prestariang signed a MOU with Alibaba Cloud and Conversant to build an education platform, “Educloud”.

In our view, this is a positive move by the company, making it less dependent on government jobs.

No indication on potential investment level in Educloud yet.

Remains an Add, undemanding valuations after recent share price correction.

Source: CIMB

https://brokingrfs.cimb.com/lzth_CFKRGN ... bdvSA2.pdf
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: Prestariang

Postby winston » Wed Oct 24, 2018 8:46 am

not vested

Trading Buy: PRESBHD - 5204

(Last price: RM0.455, Potential upside +64.8%)

Company Profile
• Prestariang Berhad (PRESBHD) is involved in
1) ICT Training and Certification
2) Software Licensing and Distribution and
3) Education.


Trading Catalyst

• We believe the recent sharp fall in share prices towards near the IPO level is overdone and valuations are undemanding at 2.76x FY19 P/E (62.5% discount to long term average P/E of 7.37x), supported by positive 109% FY17-19E EPS CAGR and contracts renewal from MoF and MoE post-GE14.

• The commencement of SKIN has started to recognise into 1HFY18 results.

• With the share price declined sharply, accompanied by climactic volumes, we anticipate that the share price could be due for a technical rebound.

Technical View
• Resistance: RM0.540 / RM0.600 / RM0.750
• Support: RM0.395 / RM0.380
• Cut loss: RM0.370

Key Financial Stats
• FY19E P/E: 2.76x (62.5% discount to long term average of 7.37x)

Source: Bloomberg, HLIB
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: Prestariang

Postby winston » Fri Mar 08, 2019 8:23 am

Quick take: Prestariang surges 19% in early trade

KUALA LUMPUR: Shares of Prestariang Bhd rallied on Thursday, amid renewed optimism over the revival of an immigration control system.

The counter jumped 19.32%, or 8.5 sen to 52.5 sen. It is currently the most active counter with 61.6 million shares traded.

It has been reported that Kumpulan Wang Persaraan Diperbadankan, or KWAP is seeking to revive a RM3.5bil (US$856milm) project by offering to lower the cost to the government.

KWAP is asking the government to bring back a project to build an immigration control system that was awarded to Prestariang.

The pension fund for civil servants holds a stake in Prestariang.

KWAP proposes cutting the cost of the project, known as SKIN, by 17% to RM2.89bil, and increasing its stake in Prestariang if the project is revived, Bloomberg reported.

Source: The Star

https://www.thestar.com.my/business/bus ... zC6piTF.99
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: Prestariang

Postby winston » Fri Sep 27, 2019 8:57 am

not vested

Trading Buy: PRESBHD - 5204
Trendline breakout with improved volumes
(Last price: RM0.495, Potential upside +61.6%)

Company Profile
Prestariang Berhad (PRESBHD) is involved in:-
1) ICT Training and Certification
2) Software Licensing and Distribution and
3) Education


Trading Catalyst

Following the termination of the SKIN project last December, PRESBHD is now seeking mediation to settle the matter out of court with a compensation sum of RM732.9m, which market participants may be viewing this piece of news as a positive progress for now.

Meanwhile, the new immigration system tender attracted 30 bids, ranging from RM1.0-1.8bn for the development of the Integrated Immigration System (IIS). The government is in the process of pre-qualifying the bidders after the tender was closed on Aug 19.

Technical View
Resistance: RM0.540 / RM0.640 / RM0.800
Support: RM0.450 / RM0.445
Cut loss: RM0.430

Source: Bloomberg, HLIB
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

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