Latest news with #RamssolGroupBhd
The Star
6 days ago
- Business
- The Star
Ramssol tie up with iFLYTEK in RM17mil deal
PETALING JAYA: Ramssol Group Bhd has entered into a strategic partnership agreement with iFLYTEK, one of China's artificial intelligence (AI) companies, currently valued at approximately RM58bil. Under the agreement, the people solutions and licensing technology provider said it has been appointed as the authorised distributor and reseller of iFLYTEK's AI software solutions via the iFLYTEK Open Platform across Asia. 'The three-year partnership is valued at RM16.8mil, reinforcing Ramssol's strategic expansion into high-growth digital technology sectors.' Ramssol said the collaboration will enable the group to offer enterprise-ready AI applications tailored to the needs of multilingual markets.
New Straits Times
7 days ago
- Business
- New Straits Times
Ramssol to distribute iFlytek's AI solutions under RM16.8mil deal
KUALA LUMPUR: Ramssol Group Bhd has signed a partnership agreement worth RM16.8 million over three years with China-based artificial intelligence firm iFlytek. Ramssol is appointed as the authorised distributor and reseller of iFlytek's AI software solutions via the iFlytek open platform throughout Asia. The platform is recognised for its capabilities in areas such as speech recognition, machine translation and natural language processing, offering AI-driven solutions that support digital transformation across various industries. Ramssol said the partnership represents a key step in its regional expansion strategy, allowing the company to deliver enterprise-grade AI applications customised for multilingual markets. It added that the partnership aligns well with the Asean Responsible AI Roadmap (2025–2030), which outlines regional goals for promoting the responsible and inclusive adoption of AI technologies. Group chief operating officer Brian Liew said the collaboration represents a significant advancement in Ramssol's AITech capabilities and underscores the company's dedication to expanding access to cutting-edge AI solutions across Asia.
New Straits Times
05-05-2025
- Business
- New Straits Times
Ramssol set for earnings growth on Asean human capital management demand
KUALA LUMPUR: Ramssol Group Bhd's earnings are expected to grow in the next financial year, supported by rising demand for human capital management (HCM) solutions across Asean. Hong Leong Investment Bank Bhd (HLIB) said Ramsol is also poised to benefit from strong earnings prospects in its Artificial Intelligence (AI) Tech and Auto Tech segments. The firm noted that demand for HCM solutions in the region is accelerating, fuelled by ongoing digitalisation and supportive government policies. "We project Ramssol's earnings to grow at a strong three year compound annual growth rate of 28.6 per cent, underpinned by stronger anticipated sales from its People Tech and AI Tech segments and maiden contributions from Auto Tech," it said in a note. Meanwhile, HLIB said it is particularly positive on Ramssol's two key new segments - Pay Day Now and Rider Gate - that have the potential to drive the group's earnings growth. In September 2024, Ramssol entered into a strategic collaboration with AmBank Group to offer Earned Wage Access to employees of its corporate clients. Leveraging Ramssol's existing clientele and AmBank's extensive corporate network, we see strong growth opportunities in Pay Day Now. Notably, the firm expects a high onboarding rate from customers, as it serves as a tool to attract and retain talent, with no upfront costs involved. "We estimate the monthly revenue potential from Pay Day Now to range between RM100,000 and RM1.2 million, depending on the frequency of withdrawals. We believe the price-to-earnings (P/E) valuation methodology is most appropriate for Ramssol, given its consistent profitability, forward earnings visibility, and growth trajectory. "We ascribe a P/E multiple of 22 times based on financial year 2026 (FY26) earning per share of 5.5sen, and derive a target price of RM1.21," it added.
