Digistar

It is in talks to acquire an ICT company to boost its secutiry monitoring system business.

For the financial year ended Sept 30 2013, it registered a net loss of rm10.83 million compared to a net profit of rm5.95 million in FY2012.

On its property development business, 70% of the group’s serviced apartments in Melaka dubbed The Heritage has been sold to date (30 March 2014).

It is also looking for more land bank in the Klang Valley and Melaka.

It is confident that the completion of the Malaysian Technology Advancement Centre, for which the group has a 15 year concession worth rm240 million to build and manage will contribute positively to the group’s earnings.

Meanwhile it was reported that Digistar is expected to benefit from Puncak Semangat Sdn Bhd’s contract win to build, operate and manage the infra for DTTB service in Malaysia is still in the early stage. It will bid for the job.