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Execution of Prestariang's collaborative project with PTPTN can be challenging
12 Mar 2018
The Edge Financial Daily

Prestariang Bhd

(March 9, RM1.53)

Maintain buy with a fair value of RM2.20: Prestariang Bhd has announced that it had entered into a memorandum of understanding (MoU) with Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) to utilise EduCloud, an integrated education platform 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 of student borrowers. Prestariang and PTPTN have agreed to set out the working relationship, the terms and conditions of the collaboration, and subsequently forge a definitive legally binding agreement between both parties by April 30. The MoU will expire on Dec 31 if no definitive agreement is effected.

The first phase of the collaboration would entail upskilling and reskilling existing PTPTN borrowers through a “place and train” model — match student borrowers with a job in accordance with industry requirements and subsequently provide training to enhance their potential and employability. The programme, called “Job Matching”, would incentivise PTPTN borrowers to engage EduCloud to seek valuable training/courses. Some of Prestariang’s partners which would support the Job Matching programme include Amazon Web Services, Alibaba Cloud, CXS Analytics, Encap, Mastercard, Microsoft, OpenLearning, Skillsoft, UniMy, and others. The partners would serve to offer their industry courses and job opportunities.

While we are mildly positive about the development, management has not guided on its financial implications. Intuitively, the collaboration would allow Prestariang to leverage PTPTN’s large borrower base to increase UniMy’s student intakes and offer paid training courses through the platform. According to a local daily, there are 2.8 million PTPTN borrowers currently, and we understand the number increases by about 200,000 yearly.

However, we wish to caution that the execution of such project can be challenging, as we draw reference to Prestariang’s previous job placement website, Talent Xchange. The project has not brought meaningful contribution to the group thus far, and the website gives the appearance of being migrated to the PTPTN Job Matching website. — AmInvestment Bank, March 9





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