SNS Network Technology Berhad Archives

SNS Network Technology’s JOI for All Initiative Assisting Education Transformation

Group contributes 1,000 laptops to schools during MADANI Education Roadshow tour

SNS Network Technology Berhad, an ICT products, services and solutions provider, is happy to announce that the Group is contributing 1,000 laptops under the JOI for All project to assist students in Malaysia to access online educational tools as well as ensure that they familiarise themselves with technology.

Mr Ko Yun Hung, Managing Director of SNS; Dr Norisah Suhaili, Timbalan Ketua Pengarah Pendidikan Malaysia Sektor Operasi Sekolah; YB. Puan Fadhlina Sidek, Menteri Pendidikan Malaysia; and Encik Hardian Hadir, Ketua Pegawai Eksekutif Yayasan Didik Negara

The JOI for All project is part of the Group’s countrywide initiative to provide ICT devices and solutions to schools as part of the Malaysian education system’s digital transformation incorporating technology enabling students to better access learning tools and knowledge. The latest contribution was held under the auspices of the MADANI Education Roadshow platform.

The MADANI Education Roadshow under the Ministry of Education (MOE), organised by Yayasan Didik Negara, was launched in late March 2023 to foster ties with MOE staff as well as gather feedback and concerns from the education community on various issues related to the country’s education system.

JOI is the Group’s in-house brand of devices launched in 2014 and encompasses the JOI smart classroom framework launched in 2016 integrating a broad range of features to support effective teaching and learning, as well as enhance interaction and collaboration in educational institutions.

Managing Director of SNS, Ko Yun Hung noted that traditional teaching methods have been gradually changing as technology is adopted, with convenience and access to various educational tools and information bringing great benefits to teachers and students. “Through educational technology, students have access to educational resources that further enrich their learning experience. In addition, with the use of the internet, students can exchange knowledge and culture with other people from different backgrounds. This is a kind of experience that cannot be had in a book.”

“As such, we believe that technology plays an important role in today’s education. Especially in the 21st century, the ability to use technology wisely is one of the skills that future generations need to master. So, integrating technology with education is a useful way to equip students with computer literacy early on, and encourage them to think outside the box for innovation.”

The latest round of the MADANI Education Roadshow was held in Alor Star, Kedah, and was attended by Minister of Education, YB. Puan Fadhlina Sidek, as well as other senior officials from MOE, community leaders, teachers and students.

SNS Network Technology: 0259 [BURSA: SNS], https://www.sns.com.my/

SNS to Collaborate on Penang’s Digital Library Programme

Group to sponsor laptops valued at total RM342,936 to select schools in stat

SNS Network (M) Sdn Bhd, a subsidiary of SNS Network Technology Berhad (Bursa: SNS, 0259), a leading provider of ICT systems and solutions, is pleased to announce a collaboration with Persatuan Kebajikan 88 Kapten Pulau Pinang (88 Captains) under the “5G Digital Library Programme” to equip schools in Penang with wireless 5G broadband connectivity.

YB Dato’ Seri Dr. Ooi Eng Hock, Chairman of Penang 88 Captains

Yang Amat Berhormat Tuan Chow Kon Yeow, Penang Chief Minister; Irene Cheong Lai Keng, Branch Manager of SNS; Yang Berhormat Prof. Dr. P.Ramasamy a/l Palanisamy, Penang Deputy Chief Minister II [L-R]

As part of the collaboration, SNS will sponsor 264 units of JOI Classmate 10 totaling RM342,936 to 88 select schools in Penang as part of a pilot project enabling students to have better access to their school’s Digital Library anytime and anywhere through provided high-speed, uninterrupted 5G broadband. Each of these school will receive a Content Access Server that can keep thousands of e-books, a modem with 5G broadband, and three units of laptops.

88 Captains is also aiming to expand the programme to all schools in the state and SNS is prepared to fully support its efforts in developing a thriving talent ecosystem in Penang. SNS believes that broadband speed is vital in today’s education system while a Digital Library is important as a platform to house all the digital content for students and encourage collaboration among teachers through the Intel-based Content Access Server.

Managing Director of SNS, Ko Yun Hung said, “As a technology provider, our JOI(R) devices add value to education across the spectrum that makes the education journey more engaging, dynamic, richer, and fulfilling. We are always committed in driving positive changes in education transformation and we believe this initiative will be an effective educational foundation that will revolutionize the digital learning environment.”

Chairman of Penang 88 Captains, YB Dato’ Seri Dr. Ooi Eng Hock said, “Collaborations like these are the next logical step and comes on the heels of our previous cooperation with local universities to secure funding for deserving students in the state. The current 5G programme is a synthesis of the collective efforts of the respective bodies in bringing education in the state to the forefront of Industry 4.0. We are honoured to coordinate these efforts to fast-track 5G broadband connectivity in Penang’s schools, and we appreciate top technology leaders such as Intel and YTL, collaborating with Penang Science Cluster, to create new and improved learning opportunities to accelerate digital transformation in education.”

For more information on SNS Network and its offerings, please visit: https://www.sns.com.my/

SNS Network Technology: 0259 [BURSA: SNS], https://www.sns.com.my/

SNS Network Technology Posts 4Q Net Profit Jump of 40.5%

Group declares second interim single-tier dividend of 0.25 sen per share for FY2023
Information and Communications Technology (ICT) products and services industry remain resilient for both government and private sector

SNS Network Technology Berhad, an ICT products, services and solutions provider, today announced that the Group’s profit after tax (PAT) for the fourth quarter ended 31 January 2023 (4Q FY2023) increased by 40.5% to RM16.77 million compared with RM11.94 million in the immediate preceding quarter (3Q FY2023).

SNS recorded revenue that gained 46.2% to RM509.86 million in 4Q FY2023 compared with RM348.84 million in 3Q FY2023. For the quarter under review, there was a 44.6% rise in profit before tax (PBT) to RM22.09 million compared with RM15.28 million in 3Q FY2023.

For FY2023, the Group registered RM43.72 million in PAT as well as PBT of RM57.36 million on RM1.40 billion in revenue. There are no comparative figures on a year-over-year basis as SNS was listed on the ACE Market of Bursa Malaysia on 2 September 2022.

Managing Director of SNS, Ko Yun Hung, said, “The commercial channel of our business remains the mainstay as the Group continued to see commendable growth in revenue and profitability. The demand cuts across industries and is from both the government and private sectors. Just recently we won a tender from the Ministry of Education valued at RM41.33 million through our Device-as-a-Service (DaaS) offering that addresses the gap for learning through the upgrade of devices and technology for students and teachers. Our DaaS offering provides convenience for businesses and organizations, enabling us to support our customers in their digital transformation journey. Additionally, the DaaS business model allows us to retain our customers with a higher likelihood of service renewal and generate recurring revenue for up to five years.”

“As we look ahead to the market in the technology industry, we anticipate a growing demand for digital transformation projects. With our expertise in this area and a proven track record of successful implementations, we are well-positioned to secure more projects in the coming months. As businesses and organisations continue to embrace digitalisation, we remain committed to delivering innovative solutions that meet their evolving needs and help them stay ahead of the curve in an increasingly competitive landscape.”

The Group has also announced a second interim single-tier dividend of 0.25 sen per share with an ex-date of 10th of May in respect of FY2023 to be paid on 26th of May 2023.

SNS Network Technology: 0259 [BURSA: SNS], https://www.sns.com.my/

SNS Network to Supply Apple Products and Accessories to Kumon Malaysia

Group to set up a portal to service Kumon Malaysia exclusively as part of agreement

SNS Network Technology Berhad (Bursa: SNS, 0259), an ICT system and solutions provider, is pleased to announce that the Company’s wholly-owned subsidiary, SNS Network (M) Sdn. Bhd, has signed a collaboration agreement with Kumon Education (Malaysia) Sdn. Bhd. to supply Apple iPad products and accessories to Kumon Malaysia’s students and parents.

Mr. Ko Yun Hung, Managing Director of SNS and Mr. Atsushi Hasegawa, General Manager of Kumon Malaysia [L-R]

Kumon Malaysia is part of the largest established after-school enrichment programme in the world with over 4 million students currently enrolled across 50 countries and regions. The collaboration agreement covers over 200 Kumon learning centres and can benefit more than 37,000 students in Malaysia.

As part of the agreement, SNS will create and maintain a portal from which Kumon Malaysia’s parents and students can access while also undertaking all services related to the supply of Apple iPad products and accessories.

Managing Director of SNS, Ko Yun Hung said, “This collaboration enables Kumon Malaysia to gain access to a range of Apple products and accessories offered by SNS in a seamless manner and also allow us to better serve and communicate with parents and students through the dedicated portal. These products will enrich students’ after-school learning experience, providing them access to tools to stimulate their minds and enabling them to interact with each other.”

General Manager of Kumon Malaysia, Atsushi Hasegawa said, “The supply of iPad products and accessories through the collaboration with SNS is part of Kumon Connect feature launched in January 2023 to encourage students to enjoy the learning process together online. We believe that digital learning is increasingly an important part of the entire learning process for students and we would like them to have a great head start.”

ABOUT SNS NETWORK TECHNOLOGY BERHAD
SNS Network Technology Berhad is principally involved in the provision of ICT products, services and solutions. The Group’s core business activities are the sale of ICT products comprising hardware, devices and related peripherals, as well as the provision of ICT services and solutions and; provision of device repair and related services, as well as sale of broadband services.

Under ICT services and solutions, SNS offers JOI(R) smart classroom framework, which integrates and combines a broad range of features to support effective teaching and learning and, Device-as-a-Service (DaaS), a subscription-based service. DaaS offers customers bundled ICT products comprising devices and services according to their requirements.

ABOUT KUMON EDUCATION (MALAYSIA) SDN BHD
Kumon Education (Malaysia) Sdn Bhd is part of the largest established after-school enrichment programme in the world with over 4 million students currently enrolled across 50 countries and regions. Kumon Malaysia was formed in 1997 and is the country’s largest after-school enrichment programme providing learning of Mathematics and English through the Kumon Method.

SNS Network Technology: 0259 [BURSA: SNS], https://www.sns.com.my/

SNS Network Technology Posts 35.5% Rise in PAT to RM11.94 Million

Group continues to see growth in margins on demand from market’s digital transformation initiatives

SNS Network Technology Berhad, an ICT system and solutions provider, today reported a 35.5% rise in profit after tax (PAT) to RM11.94 million for the third quarter ended 31 October 2022 (3Q FY2023) compared with PAT of RM8.81 million in the immediately preceding quarter (2Q FY2023).

The Group registered revenue that increased 17.5% to RM348.84 million in 3Q FY2023 compared with RM296.93 million in 2Q FY2023. For the quarter under review, there was a 25.7% gain in gross profit (GP) to RM29.44 million compared with GP of RM23.43 million in 2Q FY2023 while profit before tax (PBT) increased 29.9% to RM15.28 million compared with PBT of RM11.76 million.

There are no comparative figures on a year-over-year basis as SNS was listed on the ACE Market of Bursa Malaysia on 2 September 2022.

Managing Director of SNS, Ko Yun Hung, said, “We are seeing continuous growth in revenue and profit as well as margins supported by growing demand in the ICT industry by the commercial sector due to the market’s digital transformation initiatives as well as the implementation of government’s ICT initiatives as part of the digitalisation drive in schools. In fact, more and more organizations will continue to infuse digital technology into every process and function to boost up their productivities.”

“Building on the government’s digitalisation initiatives, we are fulfilling projects secured under the PerantiSiswa Keluarga Malaysia, a programme to bridge the digital gap and enhance the learning experience among tertiary students from the B40 group. In addition, our Group is very focused on expanding the device-as-a-service (DaaS) subscription-based service as we announced prior to our listing given the growth in the domestic DaaS market, which saw a CAGR of 39.04% from 2018, when the market was valued at RM139.95 million to 2021, when the market was valued at RM376.17 million.”

“SNS is in a strong cash position at RM89.24 million and we are ready to expand through our online, physical store and commercial channels offering products, services and solutions. The Group’s growth and strength is also supported by JOI(R), our in-house brand of devices and solutions catering to the needs of a growing audience of students enabling them to access educational tools and online learning for hybrid environment. We continue to also secure more DaaS projects from both the government and private sectors across all industries.”

The Group’s board of directors has also approved and declared a first interim single-tier dividend of 0.25 Sen per ordinary share amounting to RM4,031,949 in respect of financial year ending 31 January 2023, to be paid on 18 January 2023. The entitlement date is 3 January 2023.

SNS Network Technology: 0259 [BURSA: SNS], https://www.sns.com.my/

SNS Network Technology Rolls Out Affordable Device Deals for Students as Schools Adopt Hybrid Learning

Group offers products and services such as JOI to ease transition to non-physical learning environments

SNS Network Technology Berhad (Bursa: SNS, 0259), an ICT system and solutions provider, is pleased to announce the launch of a special device deal for students who are increasingly learning in online classrooms and need the tools to facilitate access for online learning.

Ko Yun Hung, Managing Director of SNS (Link) Managing Director of SNS, Ko Yun Hung, said, “This special deal is timely as the perfect tool for online classroom learning or hybrid learning given that the government launched the Hybrid Classrooms Pioneer Project. We believe that this special deal makes the devices very accessible to students and levels the playing field for virtual learning situations.”

“These devices are highly adaptable for students to browse through their coursework, take their tests onscreen or maintain a schedule; all while ensuring a smooth experience for classroom interactions. Students will not have to feel that non-physical interactions will make their experiences with teachers and fellow students any less.”

“We are also offering JOI, our smart classroom solution providing a flexible learning approach ideal for hybrid learning and emphasising critical skills such as communication, collaboration, critical thinking, and creativity. JOI devices are also compatible with the suite of Microsoft Office tools that unlocks the power of creativity and collaboration vital for online learning,” Ko added.

Starting from September 2022, 550 classrooms in 110 schools across the country will adopt the Hybrid Classrooms Pioneer Project as part of initiatives by the Ministry of Education (MOE) to accelerate digitalisation and adopt information and communication technology (ICT) in the public education system.

MOE has also embarked on a three-phase RM1.3 billion programme to improve and replace ICT equipment and infrastructure including desktops and laptops, printers, projectors and charging ports, using the lease-to-use approach, in schools nationwide. The first phase involving RM411.8 million for 3,900 schools is almost complete, with the second phase to replace devices at 3,455 schools with an allocation of RM460.0 million will be completed by early 2023 while the third phase for 3,400 schools with an allocation of RM430.0 million is scheduled to be completed by the end of 2023.

The special deals cover HP devices from as low as RM599, with savings of RM400 and Lenovo devices from as low as RM1,249 with savings of RM200. These modern devices fit for school-going kids comes in various form factor such as thin and light, rugged & 360 degrees flexible rotating device powered by Intel(R) Core(TM) processors & running latest Windows operating system. Devices equipped with JOI are also going for as low as RM599 with savings of RM600.

Besides the special deals, premium devices are also available with options of iPad, MacBook Air, MacBook Pro and Microsoft Surface. Other models available include AVITA and Huawei MatePad.

For more information on the product offerings, visit https://www.gloo.com.my/education-store for online purchases or locate their retail stores for in-store purchases – https://www.itworld.com.my/about-us and www.gloo.com.my/about-us.

SNS Network Technology: 0259 [BURSA: SNS], https://www.sns.com.my/

SNS Network Technology Posts 42.4% Rise in Net Profit for 2Q FY2023

Group’s quarterly performance supported by higher demand for ICT products from local customers

SNS Network Technology Berhad (SNS), an ICT system and solutions provider, today announced that the Group registered a 19.7% rise in revenue to RM296.93 million for the second quarter ended 31 July 2022 (2Q FY2023) compared with RM248.16 million in the immediately preceding quarter (1Q FY2023).

For the quarter under review, the Group recorded a 21.8% gain in gross profit (GP) to RM23.43 million compared with GP of RM19.24 million in 1Q FY2023 while profit before tax (PBT) increased 43.0% to RM11.76 million compared with PBT of RM8.23 million. The Group’s profit after tax (PAT) for 2Q FY2023 rose by 42.4% to RM8.81 million from PAT of RM6.19 million in 1Q FY2023.

There are no comparative figures on a year-over-year basis as the Group was listed on the ACE Market of Bursa Malaysia on 2 September 2022.

Managing Director of SNS, Ko Yun Hung, said, “The Group’s performance for the quarter under review was supported by higher demand for ICT products from local customers under our commercial channel comprising businesses, government agencies and educational institutions following the full resumption of business operations after the reopening of the Malaysian economy.”

“We remain positive for the Group’s outlook given the continuous growth in demand for ICT products supported by rising economic activities and the strengthening of our existing customer base together with expansion of market share. For the immediate future, we will continue to focus on the plans as announced in our prospectus, namely the expansion of our Device-as-a-Service business, the construction of a regional hub in Petaling Jaya, and the setting up of 10 new stores in the country.”

On a geographical basis, Malaysia contributed 86.2% of the Group’s revenue of RM958.08 million for the financial year ended 31 January 2022 (FYE2022), with Hong Kong and Singapore contributing 11.7% and 1.4% respectively. The Group posted revenue of RM721.47 million for FYE2021 and RM675.28 million for FYE2020.

SNS Network Technology: 0259 [BURSA: SNS], https://www.sns.com.my/