The wealth of Kuan Kam Hon of Hartalega Holdings (RM8.3 billion), 11th in the Malaysian edition of the Forbes Top 50 list, while Top Glove’s Tan Sri Lim Wee Chai (RM6.16 billion), 14th, fell the most in US dollar terms, Forbes said in a statement.

Husband-and-wife duo Datuk Seri Stanley Thai and Datin Seri Cheryl Tan of Supermax, 45th on the list, saw the biggest percentage drop in their wealth, which shrank by more than two-thirds to $340 million (RM1.4 billion).

The collective wealth of this group of the five, which includes Kossan Rubber Industries’ Lim Kuang Sia (RM3.25 billion), 24th on the list, and Wong Teek Son of Riverstone Holdings (RM2.48 billion), 30th in the list, declined by more than RM25 billion.

You see here, they are rich man, this is just like numbers to them only, no need to worry on them lol......

Seriously you want to worry that the big bosses go bankrupt or big losses for share buying? They are not stock investor, not buying selling like us here, they are mostly to consolidate their grip on the company......

thinking will this is conflict of interest when the bosses buying when qr is coming out but surely if keep drop, no one will want to report him lol

Ok, sapura back to ground for a new dream with new low but sorry, nightmare for those chase high last few weeks. serba is like awaiting for the judgement since stabilizing for days..........

Wow, the dream come again to those haven buy yet lol, not sure nightmare or not for those buy high just within this 4 week......

To me, rubbish to said losses due to whatever reason on low asp, high cost etc causing the bad business for this qtr, the only thing can cause in red will only be the cukai makmur concern........

Lol, this is nothing on losses, try tell that to those sapura and serba buyers, that one also haven sue yet.....after losing to 50%-90%.......

seriously, u know what is shorting or not lol, it is about you borrow shares to sell to people then in another way, you need to return back what you sell out in later stage, it is not about how many accounts you have......

Actually what is bad qr estimation look like? definitely below 100 million, so last qtr is 87 million++, so now what, expect 50 million below or in losses due to makmur like harta, not sure if 400-500 million losses expected?

Lol, if you manage to call the MD, please help ask how is this coming qtr result......

Lol, seriously, i cannot comment much on how to run a company and how a company go bankrupt, maybe to discuss about bankruptcy better to refer to those PN17 stock to make this kind of estimation like maybe serba, sapura, even the delisted brahim will be more appropriate.......right now for TG, basically more to their annual profit/loss, maybe to said as starting, this year they will face their first annual losses in red? possible?

it is too far ahead to estimate bankruptcy especially a still running company without any financial issue. Even for existing PN17 company, it is still like 50:50 to predict bankruptcy as most probably on delisting the most.......

Interesting to estimate of bankrupt which far worst than pn17 till delisted, maybe we will need years to see this happen.

delisted means total loss already, no more offer price to you lol unless you are the main shareholders

Lol topglove bankrupt, oh really, so covid make TG bankrupt after covid ease out, then only tg will bankrupt while the rest selling glove not going to bankrupt.......

Think need to guess coming qr, seriously in red due to makmur? remember last time said impact not much due to multiple company, not sure, think someone show a calculation of 500 million++ to payout to makmur vs harta around 200 million++.....

Seriously, rebounded also still heavy losses whether you dispose or not unless you buy more to average down at lowest, worst even for those bought high again, really sleepless night to bigger hole as of now, interesting to see whether can fly above 0.20 else it is another black hole for anyone not cutting loss..........

He dispose earn millions lol

Ok, anyway, think the qtr will be out soon if follow last year, not telling anyone to buy or sell, just follow your own strategy, not mine.....

Not to said that I support TG will be flying or not but to said a top glove provider in the world out of sudden become like a rubbish company, what bankrupt, what pn17, what profit use finished, what business all go down the drain, i really doubt all this, tg is just business as usual, this even sounds till really bad to earn so much money in 2021-2022 to the company.....

Anyway, no issue to tell me based on data, maybe those said in red next quarter, by how much, 200 millions losses? Maybe they are like Harta, losses due to Cukai Makmur, as no one mention the impact of cukai makmur on TG.......

Don't make me laugh to said TG in losses as TG in this 2 years already like making their 10 years profit compare to pre pandemic time, please don't use the losses of stock market and compare those with those big shareholders of TG, all this big fellows already earns tons of money already as their share price is way way below whatever everyone here is buying, even those peanuts of amount they buy in high price also nothing in comparison to the rising value of this company since formation...........

Just to said this financial year end of Aug 2022, so far their net profit already 300++ million from their last qrt, feb 2022, with remaining 2 qtr more to see to form their annual profit........so tell me how on earth can see in red?

Surprising to me if expect TG in red actually, nobody will do losing business especially when they are recovering the US ban business now, how on earth TG be in red? Those normal people use glove like use glove in kitchen as TG main customer based? When I see this, I know already all this is nonsense, the only impact here will be how much profit they drop actually, from their normal pre pandemic time of 400 million++ annually to how much, not till all this rubbish talking about pn17, bankruptcy, financial issue, in red etc..........

Seriously, for bosses, it is their company making profit as focus, here the people playing around with the stock only, the bosses need make sure that don't lost managing power of the company only, like the main shareholder got less than 30% stock, maybe to be safer he can wait till keep drop more to increase his stake.....

LOL this stock bring sleepless night if you buy in blind, next week, either fly and keep down............

bad omen whenever positive price target from ib lol

LOL, fail operation, still cannot press down below 0.90 yet.............

Just thinking for real, bad management, heading to PN17, alot of ESOS? LOL

LOL, sure or not, short can pending for so long wan.........if like this i wan short few month to years only pay back

LOL, shorting people need careful as alot got alot bullet after profit dumping recently, all waiting to buy low from the shorting people.........

Wah, the big boss not bad, buying seems to be 0.88 then dump back out 0.915 today, like this more than 1 million earn.......

This is interesting, maybe coming qtr see how much their profit be which for me, i estimate will be more than last qtr........

@DannyArcher

Cash rich or not also this company is financially good, 600 million++ cash as of feb 2022

Oh yah, this company cannot be in losses as every quarter in profit, so nonsense to me when say they in dire situation and sell product in losses etc.......for them just business as usual like before covid.......

The new comer must be in terrible situation as atleast the big 4 earn big bucks already, now is just business as usual same like before pre covid time.....

If mention the business situation till like this, the first one to fall is all those new company as you know why, the big 4 glove company already cash rich earning before this, so they just need to vomit out the profit only while those new company is losing real money from their own pocket. I doubt anyone will sell product at losses plus how many can you stock as somehow glove is still use daily basis.......

The last round, I fail to get 0.85 after q for days lol

Thanks, maybe try sell us below 0.90 or even better the fail 0.85-0.855 range again......

Thinking no news is good news to serba as the date of court nearing?.........

LOL, this is not rubbish stock, how can this be compare to penny stock when this have solid business with no financial trouble at all, sorry for those veteran of this 2 years++ that just bought as yes, you need to keep for awhile if not cutting loss as atleast there is dividend......

GST already a done decision, just how much the rate, maybe 5%.......just after GE15

Everyone on Serba already burning with losses from the 1.60++ days till 0.35, suspension and all the way down to 0.10 nowadays. Sure or not PNB aware what is going on, even the Sarawak investment also need to explain what is happening.....I will rather bet on Sapura than Serba, a company so daring with such questionable accounting method........

@WisdomNTruth

This whole thing is bring by the management, everyone should be sacked already if you in other company especially the financial people, there is no second chance here as it is been 1 year++ since this whole thing started, this is not just happen but awhile back already, don't make me laugh saying how much they contribute to the company, they are the one bringing down the company.

If the management is not selfish, they should have already find replacement to build back the trust instead of still sitting on the management running the company. Plus management should be slashing their own salary, allowance and bonuses to reflect on the mistake already...........

“If you take a closer look on their latest QR (quarterly results), the cash flow statement stated that they (Serba Dinamik) are generating positive operating cash flow (which is from the business operation itself) and their cash were mainly used to repay loan and borrowings & interest.

This is very important because they are still able to generate income from their business operation and it will not cause cash exhaustion on the business itself. They are still actively repaying their debts and the business operation itself is sustainable on their own.

Another over optimistic person, yes, somehow this sounds correct but indirectly forgotten that this company had been defaulting months where they cannot repay the debt based on agreement.

No one is perfect and I believe they have learnt from their mistake. They deserve a second chance as the people who have contributed to the company.”

I really want to laugh when I see this, please tell that to countless of company who did the same mistake or even those in the jail right now why there is no 2nd chance given to them.

https://klse.i3investor.com/web/blog/detail/savemalaysia/2022-05-31-story-h1624140647-Forget_Serba_s_share_price_let_s_spare_some_thoughts_on_its_employees

Seriously, I don't know why this whole problematic account can happen, very very bad move, if just report as it is, serba might not fall into such situation.

Actually, can give more analysis instead of random target price without any reason, if it is bad, just give your opinion, no issue but randomly just said down, crash etc seems meaningless as yes, maybe you can hit right once awhile as 50/50.....

Ok and here I thought got insider news on how bad the qtr will be for people to said run and crash lol