Quick take: ARB shares up 4% in active trade

  • Stock on the Move
  • Friday, 23 Aug 2019

KUALA LUMPUR: Shares in ARB Bhd rose in active trade on Thursday after the company signed a RM84mil per year contract with Cambodian firm.

ARB, formerly known as Aturmaju Resources Bhd, added 4.23%, or 1.5 sen to 37 sen. It is currently the second most active counter on Bursa Malaysia with 3.81 million shares traded.

ARB has signed a contract with a Cambodia agriculture products firm to provide an enterprise resource planning (ERP) system.

The group said the contract with Tatan Land Co Ltd is expected to contribute an estimated US$20 million (RM84mil) to the group’s topline per year.

ARB will provide a customised ERP system and system integration solution (SIS) to TLCL.

The system's features include real-time sales tracking, real-time sales and inventory, inventory management, warehousing, and logistics optimisation.

The one-year contract can be renewed automatically when TLCL achieves the agreed target of US$20mil in gross merchandise value.

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