SEG International Berhad is Inviting foreign trainees and learners to Malaysia !!

Seg is educational counter therefore buying this couter is kind of long term investment
SEG(9792) is a buy counter with TP RM2.76
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SkillsMalaysia INVITE
Yesterday, SEG announced that it has been appointed as a Project Leader for a
new initiative to bring foreign trainees and learners to Malaysia, known as
SkillsMalaysia International Technical Education & Vocational Training
Programme (“SkillsMalaysia INVITE”). The programme is among the initiatives
taken to achieve goals set out in the ETP.
This programme is designed to create and provide a new dimension of
learning skills to foreign school leavers and adult learners who are not
academically inclined to pursue their training in Malaysia. It also allows
trainees to be equipped with entrepreneurial and other soft skills to prepare
them for eventual employment or being self‐employed in their source
countries or elsewhere.
The programme offers four special INVITE packages featuring 76 courses in a
multitude of disciplines. Upon completion of the programme ranging from one
to two years, the trainees will be awarded internationally recognized
qualification from United Kingdom or Australia as well as from the
Government of Malaysia. In addition, upon completion the trainees will be
given a chance to take up internship positions in Malaysian companies.
View
From time to time, SEG has continuously strived to increase its offering of
courses by tying up with foreign institutions. The launch of this project would
be in‐line with SEG’s goal. This would also further enhance the group branding
as an international education provider. We believe this project would further
increase the enrolment of students in SEG.
Impact
We are maintaining our earnings estimate at this juncture pending further
guidance from our meeting with the management next week.
Valuation
Valuation wise, we maintain our fair value at RM2.76 based on unchanged 14x
FY12 EPS of 19.7sen. Given the potential upside of 39%, we reiterate our BUY
recommendation on the stock.

Source: TA