KUCHING: The recently announced partnership between Prestariang Bhd (Prestariang) and Perbadanan Tabung Pendididkan Tinggi Nasional (PTPTN) has been deemed by the research arm at AmInvestment Bank Bhd (AmInvestment) as a ‘mildly positive’ development.
To recap, Prestariang announced on March 8 that it has entered into a Memorandum of Understanding (MoU) with PTPTN to drive engagement and employability of student borrowers.
The group entities expect to achieve this by utilising 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.
In a company report, AmInvestment Bank hailed the partnership as a ‘mildly positive’ development as it would allow Prestariang to leverage off PTPTN’s larger borrowers base to increase UniMy’s student intakes and offer paid training courses through the platform. According to new sources, the current number of PTPTN borrowers stands at 2.8 million and is expected to increase by circa 200,000 annually. Additionally, 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 service to offer their industry courses and job opportunities.
However, AmInvestment Bank cautioned that the execution of the project would be a challenging aspect for Prestariang to overcome.
“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,” the research team guided.
With that said, the bank is retaining its ‘buy’ call on the stock.