Prestariang's share price fall despite collaboration with PTPTN

PETALING JAYA: Prestariang Bhd’s share price fell 1 sen this morning despite announcing a collaboration with the National Higher Education Fund Corporation (PTPTN) to launch a job-matching platform.
At 11.11am, its share price fell 0.65% or 1 sen to RM1.53 with a total of 16,000 shares traded.
Named “Job Matching PTPTN”, the platform is part of PTPTN’s initiative to get borrowers to pay up after securing employment. As of November last year, almost half a million borrowers have not repaid a single sen of their loans, amounting to RM2.79 billion.
Prestariang said the first phase of the collaboration will begin with Job Matching as the pilot programme targeted at upskilling and reskilling of current PTPTN borrowers.