KUALA LUMPUR: AmInvestment Bank Research expects Prestariang Bhd’s JobMatching PTPTN programme to contribute about 2% to the group’s revenue, assuming successful placement of the targeted 5,000 students.
Prestariang told the stock exchange that it has commenced the programme on July 26, 2018, for a period of one year and that it may be extended by mutual agreement.
This follows an MoU entered with Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) on March 8, 2018 to utilise EduCloud, an integrated education platform (IEP) owned by Prestariang, as the digital platform for the management of digital ID, student borrowers’ engagement and job matching.
The collaboration aims to drive engagement and employability
The research house said while it was “mildly positive” on the development, the management has not guided on its financial implications.
“Intuitively, the collaboration would allow Prestariang to leverage PTPTN's large borrowers base to increase UniMy's student intakes and offer paid training courses through the platform.
“PTPTN will grant financial assistance up to RM2,000 for each eligible participant under the JobMatching PTPTN program,” it noted.
It maintained its Buy call on the counter with fair value of RM1.52 per share.
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